Physical Therapy Supplies Market Analysis 2024-2033: Overview, Outlook, and Demand

Overview and Scope

Physical therapy supplies refer to a broad range of products and equipment used in the field of physical therapy to aid in the treatment, rehabilitation, and management of various musculoskeletal and neurological conditions. It plays a integral for delivering effective treatment interventions and promoting patient well-being and functional independence.

Sizing and Forecast

The physical therapy supplies market size has grown strongly in recent years. It will grow from $14.11 billion in 2023 to $14.96 billion in 2024 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to the rising incidence of chronic diseases, growth in healthcare expenditure, rising participation in sports and recreational activities, and increased awareness of the benefits of physical therapy.

The physical therapy supplies market size is expected to see strong growth in the next few years. It will grow to $18.98 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to an increasing shift towards home-based healthcare and remote monitoring, increasing focus on preventive care, a growing geriatric population, expanding healthcare infrastructure, and expansion of telemedicine and digital health platforms. Major trends in the forecast period include the integration of artificial intelligence telerehabilitation solutions, virtual reality-based rehabilitation programs, technological innovations in physical therapy equipment, robotics and automated systems in physical therapy, sensor technology for movement analysis, and remote rehabilitation apps and platforms.

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Segmentation & Regional Insights

The physical therapy supplies market covered in this report is segmented –

1) By Type: Hydrotherapy, Cryotherapy, Continuous Passive Motion, Ultrasound, Electric Stimulation, Heat Therapy, Therapeutic Exercise, Other Types

2) By Demographics: Non-Geriatric Population, Geriatric Population

3) By Application: Neurology, Musculoskeletal, Pediatrics, Cardiovascular And Pulmonary, Other Applications

4) By End Use: Hospitals And Clinics, Rehabilitation Centers, Other End-Uses

North America was the largest region in the physical therapy supplies market in 2023. The regions covered in the physical therapy supplies 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 rise in the prevalence of sports injuries is expected to propel the physical therapy supplies market going forward. Sports injuries refer to injuries sustained during athletic activities or exercise, typically resulting from sudden trauma, overuse, or improper technique. The surge in the prevalence of sports injuries can be attributed to increased participation, inadequate training, and equipment-related issues. Physical therapy supplies are integral to sports injury rehabilitation, facilitating targeted exercises, promoting muscle strengthening, and aiding in restoring mobility and function, enabling athletes to recover faster and return to their sport safely. For instance, in August 2023, according to a report published by the National Safety Council (NSC), a US-based nonprofit organization that promotes health and safety through education and advocacy, exercise and exercise equipment injuries increased slightly by approximately 8.9% in 2022 (445,642 injuries compared to 409,224 injuries in 2021), while bicycle-related injuries saw a 7.9% increase from 375,798 in 2021 to 405,411 in 2022. Therefore, the rise in the prevalence of sports injuries drives the growth of the physical therapy supplies market.

Key Industry Players

Major companies operating in the physical therapy supplies market are Enovis Corporation, DJO Global Inc., BTL Industries, BSN Medical GmbH, Medical Facilities of America, Whitehall Manufacturing, Phymed S.R.L., Zynex Medical Inc., Patterson Medical, Performance Health, Zimmer MedizinSysteme GmbH, Dynatronics Corporation, Biodex Medical Systems Inc., Medsource USA INC, Enraf-Nonius International, Storz Medical AG, CRS Rehabilitacja Sportowa, RICHMAR, EMS Physio Ltd., SEERS Medical Ltd, Tartan Group, HMS Medical Systems, Life Care Systems, ITO Co. Ltd., Grupo Roan

The physical therapy supplies market report table of contents includes: