Overview and Scope
Physiotherapy and rehabilitation products and services refer to a range of equipment, tools, and treatments designed to aid in the recovery and improvement of physical function and mobility in individuals with physical impairments or injuries. These include exercise equipment, assistive devices, therapeutic modalities, and personalized treatment plans tailored to each patient’s needs.
Sizing and Forecast
The physiotherapy and rehabilitation products and services market size has grown strongly in recent years. It will grow from $203.59 billion in 2023 to $217.18 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to aging population demographics, increasing awareness and acceptance of physiotherapy, the shift towards outpatient care and home-based rehabilitation, and regulatory and reimbursement policies.
The physiotherapy and rehabilitation products and services market size is expected to see strong growth in the next few years. It will grow to $285.84 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to the rising incidence of chronic conditions, the shift towards outpatient care, increasing awareness and accessibility, and advancements in technology. Major trends in the forecast period include continued integration of technology such as virtual reality (VR), augmented reality (AR), artificial intelligence (AI), focus on preventive care and wellness, personalized treatment approaches, and innovations in assistive devices and robotics.
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Segmentation & Regional Insights
The physiotherapy and rehabilitation products and services market covered in this report is segmented –
1) By Product Type: Physiotherapy, Rehabilitation
2) By Gender: Male, Female
3) By Income Group: Low, Middle, High
4) By Payment Mode: Out-Of-Pocket, Insurance Payers
5) By End User: Hospitals, Physiotherapy Centers Or Clinics, Rehabilitation Centers, Home Care Settings, Physician Offices, Nursing And Residential Homes, Other End-users
North America was the largest region in the physiotherapy and rehabilitation products and services market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the physiotherapy and rehabilitation products and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising geriatric population is expected to propel the physiotherapy and rehabilitation products and services market going forward. The geriatric population refers to individuals over 65 and older and is characterized by specific health concerns and needs associated with aging. The rise in the geriatric population creates increased demand for physiotherapy and rehabilitation products and services, as older adults often require specialized aids and equipment to address age-related mobility issues and overall well-being, driving growth opportunities for companies catering to the aging demographic. For instance, in January 2024, according to the Population Reference Bureau, a US-based not-for-profit research organization focusing on people’s health and well-being, the number of Americans aged 65 and older would surge from 58 million in 2022 to 82 million by 2050, marking a 47% increase. Moreover, the share of the population aged 65 and above is expected to rise from 17% to 23%. Therefore, the rising geriatric population is driving the growth of the physiotherapy and rehabilitation products and services market.
Key Industry Players
Major companies operating in the physiotherapy and rehabilitation products and services market are Medline Industries Inc., Stryker Corporation, Select Medical Corporation, Icahn School of Medicine at Mount Sinai, ITO Co. Ltd., Enovis Corporation, Ottobock, DJO Global Inc., Upstream Rehabilitation Inc., Össur (OSSR.CO), Patterson Medical, ATI Physical Therapy Inc., U.S. Physical Therapy Inc., BSN Medical GmbH, Athletico Physical Therapy, Zynex Medical Inc., Performance Health, Zimmer MedizinSysteme GmbH, Dynatronics Corporation, Biodex Medical Systems Inc., MindMaze Healthcare, Enraf-Nonius B.V., EMS Physio Ltd., Tartan Group, Lifespan Physical Therapy Services
The physiotherapy and rehabilitation products and services market report table of contents includes:
1. Executive Summary
2. Physiotherapy And Rehabilitation Products And Services Market Characteristics
3. Physiotherapy And Rehabilitation Products And Services Market Trends And Strategies
4. Physiotherapy And Rehabilitation Products And Services Market – Macro Economic Scenario
5. Global Physiotherapy And Rehabilitation Products And Services Market Size and Growth
…..
32. Global Physiotherapy And Rehabilitation Products And Services Market Competitive Benchmarking
33. Global Physiotherapy And Rehabilitation Products And Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Physiotherapy And Rehabilitation Products And Services Market
35. Physiotherapy And Rehabilitation Products And Services Market Future Outlook and Potential Analysis
36. Appendix
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