From GlobeNewswire: 2025-02-07 08:10:00

The global Physiotherapy Equipment Market, valued at USD 20.9 billion in 2023, is projected to reach USD 38.2 billion by 2032, growing at a CAGR of 6.9%. Rising musculoskeletal disorders, aging populations, and technological advancements are driving market growth, with AI-integrated devices and wearable sensors revolutionizing treatment precision.

Chronic conditions like arthritis and back pain are fueling the adoption of physiotherapy equipment, as 1.71 billion people globally suffer from musculoskeletal disorders. Technological innovations, regulatory support, and government initiatives are accelerating market growth, with India’s PLI scheme and the CDC’s cost reduction emphasis playing crucial roles in market expansion.

In 2023, the musculoskeletal segment held the highest revenue share at 59%, driven by the burden of arthritis and sports injuries. Hospitals and clinics accounted for over 43% of total revenue, with ultrasound therapy devices leading the market due to their non-invasive nature and effectiveness in managing soft tissue injuries.

North America remains the leading region in the physiotherapy equipment market, accounting for 39% of the global market share in 2023. The U.S., with 23% of adults suffering from chronic pain, is a key driver of market growth, with a focus on rehabilitation services and physiotherapy treatments as part of pain management programs. In Canada, the government will pay about USD 1.2 billion for physiotherapy services in 2024. The Asia-Pacific region shows the largest CAGR in the physiotherapy equipment market, driven by a growing aging population. China’s aging population is expected to drive demand for rehabilitation services. Richmar launched a leg compression system, while a hospital in India upgraded its physiotherapy unit. The market report includes statistics, trends, and company profiles. SNS Insider offers market research and consulting services globally, providing clients with accurate data to make informed decisions.



Read more at GlobeNewswire: Physiotherapy Equipment Market Size to Hit USD 38.2 Billion