The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Physiotherapy Equipment And Accessories Global Market Report 2024, the physiotherapy equipment and accessories market is expected to show significant growth in the forecast period.

Rapid Market Expansion

• The global physiotherapy equipment and accessories market has seen remarkable growth in recent years, expanding from $17.28 billion in 2023 to a projected $18.34 billion by 2024, representing a compound annual growth rate (CAGR) of 6.1%.
• Key factors driving this growth include the rising demand for home healthcare services, poor lifestyle choices, healthcare reforms, and the expansion of home-based and telerehabilitation services. Additionally, the growing trend of medical tourism has further boosted the market.

Continued Growth Prospects

• The market is set for continued expansion, expected to reach $23.37 billion by 2028, with a CAGR of 6.2%.
• Growth drivers in the forecast period include a well-established healthcare infrastructure, increased focus on preventive care, rising health consciousness, and the growing demand for personalized rehabilitation solutions.
• Non-traditional settings, such as home environments and wellness centers, are also seeing a surge in the adoption of physiotherapy equipment, further propelling market growth.

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Trends Shaping the Future

• AI and Machine Learning: Integration of artificial intelligence (AI) and machine learning into physiotherapy devices is becoming more common, offering enhanced accuracy and personalized treatment.
• Robotics and Exoskeletons: The development of robotic rehabilitation devices, exoskeletons, and powered orthoses is revolutionizing patient mobility and rehabilitation outcomes.
• Virtual Reality (VR) and Augmented Reality (AR): These technologies are gaining traction, offering immersive rehabilitation experiences.
• Wearable Devices: Advancements in wearable and portable physiotherapy devices are enabling more flexible and remote rehabilitation solutions.

Sports Injuries Fueling Market Growth

• A rising incidence of sports injuries due to high-intensity activities and inadequate prevention measures is a key driver of the physiotherapy market.
• In 2022, approximately 3.47 million Australians sustained injuries during physical activity, highlighting the growing need for rehabilitation equipment.
• Physiotherapy equipment plays a vital role in aiding recovery from sports injuries by reducing pain, promoting healing, and enhancing mobility.

Major Players Driving Innovation

• Leading companies in the market, such as Enovis Corporation, DJO Global, and BTL Corporate, are focusing on developing advanced technologies like AI-based physiotherapy devices.
• For instance, in August 2023, AI Rehab Ltd introduced Slider, an AI-powered remote physiotherapy device for knee arthritis patients. This device uses gamification and wearable sensors to track motion, making it an innovative tool for both hospital and home use.

Regional Insights

• Asia-Pacific is expected to be the fastest-growing region, driven by rising healthcare investments, improved access to medical services, and an aging population.
• Other regions contributing to market growth include Western Europe, North America, and the Middle East, benefiting from strong healthcare infrastructures and growing demand for rehabilitation services.

Conclusion

• The physiotherapy equipment and accessories market is on a strong growth trajectory, driven by technological advancements, increasing sports injuries, and a shift toward personalized and remote healthcare solutions. With innovations such as AI, VR, and robotic devices, the market is set to continue expanding, offering enhanced treatment options for patients worldwide.

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