Global Market Study on Physiotherapy Equipment: Asia to Witness Highest Growth by 2022


  • Published On : Jul-2015 |
  • Pages : 128 Pages |
  • Format :

Physiotherapy, also known as physical therapy, is a type of treatment provided by physiotherapists (PTs) to develop and restore the body’s proper functioning. The body’s movement and functioning are adversely affected by age, injury, disease, and environmental factors. PTs use a variety of physical therapy tools and equipment to improve patient health and help them recover from medical conditions. Moreover, by examining patient’s medical history and physical examinations results, PTs develop management plans for prevention and treatment of body pain or discomfort and for patient rehabilitation post treatment. 

Increasing the prevalence of cardiovascular and neurological diseases, growing aging population, the high incidence of sports injuries, and rising awareness about therapeutic applications of physical therapy are major drivers of the physiotherapy equipment market. On the other hand, inadequate reimbursement policies is a key restraint for the growth of the physiotherapy equipment market.

In terms of geography, North America dominates the physiotherapy equipment market due to growing geriatric population and increasing the prevalence of neurological and cardiopulmonary diseases. Moreover, rising government initiatives is also supporting the growth of the physiotherapy equipment market in the region. The Europe physiotherapy equipment market is expected to witness moderate growth owing to increasing prevalence of neurological disorders, musculoskeletal problems, and cardiopulmonary diseases in the region. Moreover, increasing aging population is also supporting the growth of the Europe physiotherapy equipment market.Asia represents the fastest-growing region in the physiotherapy equipment market. This is due to growing geriatric population and substantially large population of patients suffering from neurological diseases in Japan and China. 

This report provides in-depth analysis and estimation of the physiotherapy equipment market for the period 2015 to 2022, considering 2015 as the base year for calculation. Data pertaining to current market dynamics, including market drivers, restraints, trends, and recent developments, has been provided in the report. The physiotherapy equipment market is categorized on the basis of product, application, end user, and geography. Based on product, the market is segmented into equipment and accessories. The equipment segment is further sub-divided into hydrotherapy, cryotherapy, continuous passive motion (CPM), electric stimulation, heat therapy, therapeutic exercises, ultrasound, and others. 

Accessories include orthoses and other assistive devices such as wheel-chairs and crutches. Based on application, the report covers musculoskeletal, neurology, cardiovascular and pulmonary, pediatric, and others. Based on the end user, the report comprises hospitals, clinics, and others. On the basis of geography, the report identifies and analyzes the market size and predictions for North America, Europe, Asia, and Rest of the World (RoW). 

Physiotherapy, also known as physical therapy, is a type of treatment provided by physiotherapists (PTs) to develop and restore the body’s proper functioning. The body’s movement and functioning are adversely affected by age, injury, disease, and environmental factors. PTs use a variety of physical therapy tools and equipment to improve patient health and help them recover from medical conditions. Moreover, by examining patient’s medical history and physical examinations results, PTs develop management plans for prevention and treatment of body pain or discomfort and for patient rehabilitation post treatment. 

Globally, the physiotherapy equipment market is witnessing significant growth due to increasing prevalence of cardiovascular and neurological diseases, growing aging population, the high incidence of sports injuries, and rising awareness about therapeutic applications of the physical therapy. However, inadequate reimbursement policies is a key restraint for the growth of the physiotherapy equipment market.

The global physiotherapy equipment market is anticipated to grow from an estimated US$ 14,972.1Mn by the end of 2015 to US$ 23,750.9Mn by 2022 at a CAGR of 6.8% during the forecast period.

North America is the largest region while Asia represents the fastest growing region in the physiotherapy equipment market. In terms of product, equipment is the largest segment while accessories represent the fastest growing segment in this market. In terms of equipment, hydrotherapy holds the largest market share in the physiotherapy equipment market. However, electric stimulation and ultrasound are the fastest growing sub-segments in the physiotherapy equipment market.In terms of application, musculoskeletal is the largest and fastest growing segment in the physiotherapy equipment market. In terms of the end user, the hospital is the largest and fastest growing segment in the market.

The North American market is anticipated to grow from an estimated US$ 6,005.8Mn by the end of 2015 to US$ 9,598.9Mn by 2022 at a CAGR of 6.9% during the forecast period.

physiotherapy-equipment-market

Some of the major players in physiotherapy equipment market:

  • Enraf-Nonius B.V.
  • DJO Global.
  • EMS Physio Ltd.
  • Dynatronics Corporation.
  • A. Algeo Limited.
  • BTL Industries, Inc.
  • HMS Medical Systems.
  • Whitehall Manufacturing.
  • PattersonCompanies, Inc.
  • Isokinetics, Inc.
  • Other.

These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability, and financial overview.

Chapter 1 Preface 12

1.1 Report Description 12

1.2 Research Methodology 13

1.3 Assumptions 13

Chapter 2 Market Synopsis 14

Chapter 3 Porter’s Five Forces Analysis 15

3.1 Bargaining Power of Suppliers 15

3.2 Bargaining Power of Buyers 16

3.3 Threat of New Entrants 16

3.4 Threat of Substitutes 17

3.5 Intensity of Rivalry 17

Chapter 4 Industry Overview 18

4.1 Market Definition 18

4.2 Market Drivers 19

      4.2.1 Increasing prevalence of cardiovascular and neurological diseases 19

      4.2.2 Rising aging population 20

      4.2.3 High incidence of sport injuries 21

      4.2.4 Rising awareness about therapeutic applications of physical therapy 21

      4.2.5 Growing prevalence of obesity 22

4.3 Impact Analysis of Market Drivers 24

4.4 Market Restraints 25

      4.4.1 Inadequate reimbursement policies 25

4.5 Impact Analysis of Market Restraints 25

4.6 Market Trends 26

      4.6.1 Rising inclination of consumers towards at-home physiotherapy products 26

Chapter 5 Global Market Size and Forecast 27

Chapter 6 Market Size and Forecast by Product 38

6.1 Equipment 38

      6.1.1 Hydrotherapy 40

      6.1.2 Cryotherapy 42

      6.1.3 Continuous Passive Motion 44

      6.1.4 Electric Stimulation 46

      6.1.5 Heat Therapy 48

      6.1.6 Therapeutic Exercises 50

      6.1.7 Ultrasound 52

6.2 Accessories 54

      6.2.1 Orthoses 56

Chapter 7 Market Size and Forecast by Application 58

7.1 Musculoskeletal 58

7.2 Neurology 60

7.3 Cardiovascular and Pulmonary 62

7.4 Pediatrics 64

Chapter 8 Market Size and Forecast by End User 67

8.1 Hospital 67

8.2 Clinics 69

Chapter 9 Market Size and Forecast by Geography 72

9.1 North America 72

      9.1.1 Scenario in the U.S. 74

      9.1.2 Scenario in Canada 76

9.2 Europe 79

      9.2.1 Scenario in Germany 82

      9.2.2 Scenario in France 84

      9.2.3 Scenario in the U.K. 86

9.3 Asia 88

      9.3.1 Scenario in China 91

      9.3.2 Scenario in India 93

      9.3.3 Scenario in Japan 95

9.4 Rest of the World (RoW) 97

      9.4.1 Scenario in Brazil 98

      9.4.2 Scenario in Australia 100

Chapter 10 Competitive Scenario 103

Chapter 11 Company Profiles 105

11.1 Enraf-Nonius B.V. 105

      11.1.1 Company Overview 105

      11.1.2 Products and services 106

      11.1.3 Financial performance 106

      11.1.4 Key Developments 106

11.2 DJO Global 107

      11.2.1 Company Overview 107

      11.2.2 Products and Services 108

      11.2.3 Financial performance 108

      11.2.4 Key Developments 109

11.3 EMS Physio Ltd. 110

      11.3.1 Company Overview 110

      11.3.2 Products and Services 111

      11.3.3 Financial performance 111

      11.3.4 Key Developments 111

11.4 Dynatronics Corporation 112

      11.4.1 Company Overview 112

      11.4.2 Products and Services 112

      11.4.3 Financial performance 113

      11.4.4 Key Developments 113

11.5 A. Algeo Limited 114

      11.5.1 Company Overview 114

      11.5.2 Products and Services 115

      11.5.3 Financial performance 115

      11.5.4 Key Developments 115

11.6 BTL Industries, Inc. 116

      11.6.1 Company Overview 116

      11.6.2 Products and Services 117

      11.6.3 Financial performance 117

      11.6.4 Key Developments 117

11.7 HMS Medical Systems 118

      11.7.1 Company Overview 118

      11.7.2 Products and Services 118

      11.7.3 Financial performance 119

      11.7.4 Key Developments 119

11.8 Whitehall Manufacturing 120

      11.8.1 Company Overview 120

      11.8.2 Products and Services 120

      11.8.3 Financial performance 121

      11.8.4 Key Developments 121

11.9 Patterson Companies, Inc. 122

      11.9.1 Company Overview 122

      11.9.2 Products and Services 123

      11.9.3 Financial performance 124

      11.9.4 Key Developments 124

11.10 Isokinetics, Inc. 125

      11.10.1 Company Overview 125

      11.10.2 Products and Services 125

      11.10.3 Financial performance 126

      11.10.4 Key Developments 126


List of Tables

TABLE 1 Market snapshot: Physiotherapy equipment market, 2015 and 2022 14

TABLE 2 Drivers for physiotherapy equipment market: Impact analysis 24

TABLE 3 Restraints for physiotherapy equipment market: Impact analysis 25

TABLE 4 Global physiotherapy equipment market size, by region, 2012 – 2014 (US$ Mn)  28

TABLE 5 Global physiotherapy equipment market size, by region, 2015 – 2022 (US$ Mn)  28

TABLE 6 Global physiotherapy equipment market size, by product, 2012 – 2014 (US$ Mn)  29

TABLE 7 Global physiotherapy equipment market size, by product, 2015 – 2022 (US$ Mn)  30

TABLE 8 Global physiotherapy equipment market size, by type of equipment, 2012 – 2014 (US$ Mn) 31

TABLE 9 Global physiotherapy equipment market size, by type of equipment, 2015 – 2022 (US$ Mn) 32

TABLE 10 Global physiotherapy equipment market size, by type of accessories, 2012 – 2014 (US$ Mn) 33

TABLE 11 Global physiotherapy equipment market size, by type of accessories, 2015 – 2022 (US$ Mn) 34

TABLE 12 Global physiotherapy equipment market size, by application, 2012 – 2014 (US$ Mn)  35

TABLE 13 Global physiotherapy equipment market size, by application, 2015 – 2022 (US$ Mn)  35

TABLE 14 Global physiotherapy equipment market size, by end user, 2012 – 2014 (US$ Mn)  37

TABLE 15 Global physiotherapy equipment market size, by end user, 2015 – 2022 (US$ Mn)  37

TABLE 16 Global physiotherapy equipment sub-segment market size, by region, 2012 – 2014 (US$ Mn) 39

TABLE 17 Global physiotherapy equipment sub-segment market size, by region, 2015 – 2022 (US$ Mn) 39

TABLE 18 Global hydrotherapy equipment market size, by region, 2012 – 2014 (US$ Mn) 41

TABLE 19 Global hydrotherapy equipment market size, by region, 2015 – 2022 (US$ Mn) 41

TABLE 20 Global cryotherapy equipment market size, by region, 2012 – 2014 (US$ Mn) 43

TABLE 21 Global cryotherapy equipment market size, by region, 2015 – 2022 (US$ Mn) 43

TABLE 22 Global CPM equipment market size, by region, 2012 – 2014 (US$ Mn) 45

TABLE 23 Global CPM equipment market size, by region, 2015 – 2022 (US$ Mn) 45

TABLE 24 Global electric stimulation equipment market size, by region, 2012 – 2014 (US$ Mn) 47

TABLE 25 Global electric stimulation equipment market size, by region, 2015 – 2022 (US$ Mn) 47

TABLE 26 Global heat therapy equipment market size, by region, 2012 – 2014 (US$ Mn) 49

TABLE 27 Global heat therapy equipment market size, by region, 2015 – 2022 (US$ Mn) 49

TABLE 28 Global therapeutic exercises equipment market size, by region, 2012 – 2014 (US$ Mn) 51

TABLE 29 Global therapeutic exercises equipment market size, by region, 2015 – 2022 (US$ Mn) 51

TABLE 30 Global ultrasound equipment market size, by region, 2012 – 2014 (US$ Mn) 53

TABLE 31 Global ultrasound equipment market size, by region, 2015 – 2022 (US$ Mn) 53

TABLE 32 Global physiotherapy accessories market size, by region, 2012 – 2014 (US$ Mn)  55

TABLE 33 Global physiotherapy accessories market size, by region, 2015 – 2022 (US$ Mn)  55

TABLE 34 Global orthoses market size, by region, 2012 – 2014 (US$ Mn) 57

TABLE 35 Global orthoses market size, by region, 2015 – 2022 (US$ Mn) 57

TABLE 36 Global musculoskeletal physiotherapy equipment market size, by region, 2012 – 2014 (US$ Mn) 59

TABLE 37 Global musculoskeletal physiotherapy equipment market size, by region, 2015 – 2022 (US$ Mn) 59

TABLE 38 Global neurology physiotherapy equipment market size, by region, 2012 – 2014 (US$ Mn) 61

TABLE 39 Global neurology physiotherapy equipment market size, by region, 2015 – 2022 (US$ Mn) 61

TABLE 40 Global cardiovascular and pulmonary physiotherapy equipment market size, by region, 2012 – 2014 (US$ Mn) 63

TABLE 41 Global cardiovascular and pulmonary physiotherapy equipment market size, by region, 2015 – 2022 (US$ Mn) 63

TABLE 42 Global pediatric physiotherapy equipment market size, by region, 2012 – 2014 (US$ Mn) 65

TABLE 43 Global pediatric physiotherapy equipment market size, by region, 2015 – 2022 (US$ Mn) 65

TABLE 44 Global physiotherapy equipment used in hospital market size, by region, 2012 – 2014 (US$ Mn) 68

TABLE 45 Global physiotherapy equipment used in hospital market size, by region, 2015 – 2022 (US$ Mn) 68

TABLE 46 Global physiotherapy equipment used in clinic market size, by region, 2012 – 2014 (US$ Mn) 70

TABLE 47 Global physiotherapy equipment used in clinic market size, by region, 2015 – 2022 (US$ Mn) 70

TABLE 48 North America physiotherapy equipment market size, by country, 2012 – 2014 (US$ Mn) 73

TABLE 49 North America physiotherapy equipment market size, by country, 2015 – 2022 (US$ Mn) 74

TABLE 50 U.S. physiotherapy equipment market size, by product, 2012 – 2014 (US$ Mn) 75

TABLE 51 U.S.  physiotherapy equipment market size, by product, 2015 – 2022 (US$ Mn) 76

TABLE 52 Canada physiotherapy equipment market size, by product, 2012 – 2014 (US$ Mn)  77

TABLE 53 Canada physiotherapy equipment market size, by application, 2015 – 2022 (US$ Mn) 78

TABLE 54 Europe physiotherapy equipment market size, by country, 2012 – 2014 (US$ Mn)  81

TABLE 55 Europe physiotherapy equipment market size, by country, 2015 – 2022 (US$ Mn)  82

TABLE 56 Germany physiotherapy equipment market size, by product, 2012 – 2014 (US$ Mn)  83

TABLE 57 Germany physiotherapy equipment market size, by product, 2015 – 2022 (US$ Mn)  84

TABLE 58 France physiotherapy equipment market size, by product, 2012 – 2014 (US$ Mn)  85

TABLE 59 France physiotherapy equipment market size, by application, 2015 – 2022 (US$ Mn) 86

TABLE 60 U.K. physiotherapy equipment market size, by product, 2012 – 2014 (US$ Mn) 87

TABLE 61 U.K. physiotherapy equipment market size, by application, 2015 – 2022 (US$ Mn)  88

TABLE 62 Asia physiotherapy equipment market size, by country, 2012 – 2014 (US$ Mn) 89

TABLE 63 Asia physiotherapy equipment market size, by country, 2015 – 2022 (US$ Mn) 90

TABLE 64 China physiotherapy equipment market size, by product, 2012 – 2014 (US$ Mn)  92

TABLE 65 China physiotherapy equipment market size, by product, 2015 – 2022 (US$ Mn)  92

TABLE 66 India physiotherapy equipment market size, by product, 2012 – 2014 (US$ Mn) 94

TABLE 67 India physiotherapy equipment market size, by application, 2015 – 2022 (US$ Mn)  94

TABLE 68 Japan physiotherapy equipment market size, by product, 2012 – 2014 (US$ Mn)  96

TABLE 69 Japan physiotherapy equipment market size, by application, 2015 – 2022 (US$ Mn)  96

TABLE 70 RoW physiotherapy equipment market size, by country, 2012 – 2014 (US$ Mn) 97

TABLE 71 RoW physiotherapy equipment market size, by country, 2015 – 2022 (US$ Mn) 98

TABLE 72 Brazil physiotherapy equipment market size, by product, 2012 – 2014 (US$ Mn)  99

TABLE 73 Brazil physiotherapy equipment market size, by product, 2015 – 2022 (US$ Mn)  100

TABLE 74 Australia physiotherapy equipment market size, by product, 2012 – 2014 (US$ Mn)  101

TABLE 75 Australia physiotherapy equipment market size, by application, 2015 – 2022 (US$ Mn) 102

TABLE 76 Major product categories of Enraf-Nonius 106

TABLE 77 Major product segments of DJO Global 108

TABLE 78 Major product categories of EMS Physio Ltd. 111

TABLE 79 Major product categories of Dynatronics 112

TABLE 80 Major product categories of Algeo 115

TABLE 81 Major product segments of BTL 117

TABLE 82 Product categories of HMS Medical Systems 118

TABLE 83 Major product categories of Whitehall Manufacturing 120

TABLE 84 Major product segments of Patterson Companies, Inc. 123

TABLE 85 Major product categories of Isokinetics, Inc. 125


List of Figures 

FIG. 1 Physiotherapy equipment market: Porter’s five forces analysis 15

FIG. 2 Classification of physiotherapy products 18

FIG. 3 Aging population in major countries, 2000 – 2050 (% share in total population) 20

FIG. 4 Prevalence of overweight and obese males aged 30 years and above, 2005 and 2015 (%) 23

FIG. 5 Prevalence of overweight and obese females aged 30 years and above, 2005 and 2015 (%) 23

FIG. 6 Global physiotherapy equipment market share, by region, by value, 2014 27

FIG. 7 Global physiotherapy equipment market share, by product, by value, 2014 29

FIG. 8 Global physiotherapy equipment market share, by type of equipment, by value, 2014  30

FIG. 9 Global physiotherapy equipment market share, by type of accessories, by value, 2014 33

FIG. 10 Global physiotherapy equipment market share, by application, by value, 2014 34

FIG. 11 Global physiotherapy equipment market share, by the end user, by value, 2014 36

FIG. 12 Global physiotherapy equipment sub-segment market share, by region, by value, 2014 38

FIG. 13 Global hydrotherapy equipment market share, by region, by value, 2014 40

FIG. 14 Global cryotherapy equipment market share, by region, by value, 2014 42

FIG. 15 Global CPM equipment market share, by region, by value, 2014 44

FIG. 16 Global electric stimulation equipment market share, by region, by value, 2014 46

FIG. 17 Global heat therapy equipment market share, by region, by value, 2014 48

FIG. 18 Global therapeutic exercises equipment market share, by region, by value, 2014  50

FIG. 19 Global ultrasound equipment market share, by region, by value, 2014 52

FIG. 20 Global physiotherapy accessories market share, by region, by value, 2014 54

FIG. 21 Global orthoses market share, by region, by value, 2014 56

FIG. 22 Global musculoskeletal physiotherapy equipment market share, by region, by value, 2014 58

FIG. 23 Global neurology physiotherapy equipment market share, by region, by value, 2014  60

FIG. 24 Global cardiovascular and pulmonary physiotherapy equipment market share, by region, by value, 2014 62

FIG. 25 Global pediatric physiotherapy equipment market share, by region, by value, 2014  64

FIG. 26 Global physiotherapy equipment used in hospital, by region, by value, 2014 67

FIG. 27 Global physiotherapy equipment used in the clinic, by region, by value, 2014 69

FIG. 28 North America physiotherapy equipment market share, by country, by value, 2014  73

FIG. 29 U.S. physiotherapy equipment market share, by product, by value, 2014 75

FIG. 30 Canada physiotherapy equipment market share, by product, by value, 2014 77

FIG. 31 Europe physiotherapy equipment market share, by country, by value, 2014 80

FIG. 32 Germany physiotherapy equipment market share, by product, by value, 2014 83

FIG. 33 France physiotherapy equipment market share, by product, by value, 2014 85

FIG. 34 U.K physiotherapy equipment market share, by product, by value, 2014 87

FIG. 35 Asia physiotherapy equipment market share, by country, by value, 2014 89

FIG. 36 China physiotherapy equipment market share, by product, by value, 2014 91

FIG. 37 India physiotherapy equipment market share, by product, by value, 2014 93

FIG. 38 Japan physiotherapy equipment market share, by product, by value, 2014 95

FIG. 39 RoW physiotherapy equipment market share, by country, by value, 2014 97

FIG. 40 Brazil physiotherapy equipment market share, by product, by value, 2014 99

FIG. 41 Australia physiotherapy equipment market share, by product, by value, 2014 101

FIG. 42 Key players and their focus on physiotherapy equipment market 103

FIG. 43 Net sales and a net loss of DJO Finance LLC, 2012 – 2014 (US$ Mn) 108

FIG. 44 Net sales and a net loss of Dynatronics 2012 – 2014 (US$Mn) 113

FIG. 45 Net sales and net income of Patterson Companies, Inc., 2012 – 2014 (US$ Mn)  124

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