PUBLISHER: The Business Research Company | PRODUCT CODE: 1484844
PUBLISHER: The Business Research Company | PRODUCT CODE: 1484844
Physical therapy supplies encompass a diverse array of products and equipment essential for the treatment, rehabilitation, and management of musculoskeletal and neurological conditions within the field of physical therapy. These supplies are integral to delivering effective treatment interventions and fostering patient well-being and functional independence.
The primary types of physical therapy supplies include hydrotherapy, cryotherapy, continuous passive motion devices, ultrasound machines, electric stimulation devices, heat therapy equipment, and therapeutic exercise tools. Hydrotherapy involves the use of water-based exercises or treatments to facilitate healing and enhance physical well-being. These supplies cater to various demographics, including both non-geriatric and geriatric populations, and find applications across multiple areas such as neurology, musculoskeletal health, pediatrics, cardiovascular and pulmonary rehabilitation, among others. They are utilized by various end users including hospitals, clinics, rehabilitation centers, and other healthcare facilities.
The physical therapy supplies market research report is one of a series of new reports from The Business Research Company that provides physical therapy supplies market statistics, including physical therapy supplies industry global market size, regional shares, competitors with a physical therapy supplies market share, detailed physical therapy supplies market segments, market trends and opportunities, and any further data you may need to thrive in the physical therapy supplies industry. This physical therapy supplies market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 expansion observed in the historical period can be attributed to several key factors. These include the escalating incidence of chronic diseases necessitating rehabilitation interventions, an increase in healthcare expenditure facilitating greater access to physical therapy services, a growing participation in sports and recreational activities leading to a higher demand for rehabilitation, and an enhanced awareness among individuals regarding the advantages of physical therapy in promoting overall health and well-being.
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%. Anticipated growth in the forecast period can be attributed to several significant factors. These include the ongoing trend towards home-based healthcare and remote monitoring solutions, a heightened emphasis on preventive care initiatives, the expanding demographic of the geriatric population necessitating increased rehabilitation services, the continual expansion of healthcare infrastructure, and the proliferation of telemedicine and digital health platforms facilitating access to care. Major trends expected in the forecast period encompass the integration of artificial intelligence into telerehabilitation solutions, the development of virtual reality-based rehabilitation programs for enhanced patient engagement, continuous technological innovations in physical therapy equipment to improve treatment outcomes, the utilization of robotics and automated systems to optimize rehabilitation processes, the implementation of sensor technology for precise movement analysis, and the emergence of remote rehabilitation apps and platforms to provide accessible therapy options.
The increasing prevalence of sports injuries is poised to propel growth in the physical therapy supplies market. Sports injuries, arising from athletic activities or exercise, are often caused by sudden trauma, overuse, or improper technique. This rise in sports injuries can be attributed to factors such as increased participation, inadequate training, and equipment-related issues. Physical therapy supplies play a vital role in sports injury rehabilitation by facilitating targeted exercises, promoting muscle strengthening, and aiding in the restoration of mobility and function. This enables athletes to recover faster and safely return to their sport. For example, a report published by the National Safety Council (NSC) in August 2023 indicated a slight increase in exercise and exercise equipment injuries by approximately 8.9% in 2022 compared to 2021, along with a 7.9% increase in bicycle-related injuries. These trends underscore the growing demand for physical therapy supplies to address the rising prevalence of sports injuries.
Leading companies in the physical therapy supplies market are focusing on the development of advanced therapy solutions, such as remote physical therapy solutions, to enhance patient care, improve therapy accessibility, and optimize treatment outcomes. These solutions leverage telecommunication technologies such as video conferencing, mobile applications, and wearable devices to facilitate virtual interactions between patients and therapists. For instance, Smith & Nephew PLC launched ARIA Home PT in May 2021, a remote physical therapy solution that enables patients to undergo therapy at home while providing clinicians with valuable data. This innovative product enhances patient engagement and adherence to therapy, ultimately leading to better treatment results, especially during joint replacement treatment outside the hospital setting.
In July 2022, Indutrade AB strengthened its presence in the healthcare sector, particularly in advanced physiotherapy, through the acquisition of Primed Fysio och Rehab AB for an undisclosed amount. This strategic acquisition enriches Indutrade's cluster of medical technology companies by incorporating Primed's physiotherapy equipment and expertise. By expanding its portfolio of physiotherapy solutions, Indutrade aims to provide comprehensive rehabilitation services and reinforce its position in the healthcare market. Primed Fysio och Rehab AB, a manufacturer of professional physiotherapy equipment based in Sweden, brings valuable assets and capabilities to Indutrade, further supporting its growth and innovation in the physiotherapy sector.
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
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.
The countries covered in the physical therapy supplies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The physical therapy supplies market consists of sales of traction devices, biofeedback devices, heat and cold packs, resistance bands, balance boards, and walkers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Physical Therapy Supplies Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on physical therapy supplies market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for physical therapy supplies ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The physical therapy supplies market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.