Physiotherapy equipment includes a wide range of specialized gadgets, tools, machines, and instruments that physiotherapists use to assess, treat, and assist patients in their recovery. This equipment is intended to help improve mobility, strength, flexibility, and overall physical function. Physiotherapy equipment is essential for improving the effectiveness of treatment regimens and assisting patients in achieving their therapeutic goals. Equipment helps to give therapeutic treatments including exercises, stretches, and modalities to address specific conditions or goals. Physiotherapy equipment includes electrotherapy, cryotherapy, ultrasound therapy, heat therapy, combination therapy, laser therapy, magnetic therapy, and others.
Global Physiotherapy Equipment Market Driving Factors and Challenges
Driving Factors:
Growing Demand for Rehabilitative Services: Improving strength and mobility while preventing problems is the main objective of physiotherapy and rehabilitation treatments. To improve strength and balance after a fall, a physiotherapist could suggest walking aids and an exercise regimen. For those with asthma, chronic fatigue syndrome, or recuperating from major surgery, rehabilitation can also help maintain stamina.
Physiotherapy-based rehabilitative care is becoming more and more relevant worldwide as a result of easier access to more sophisticated medical, emergency, and trauma treatment. For patients who have suffered injuries or illnesses that have left them with short-term or long-term disabilities, rehabilitation care is a crucial part of their treatment. Patients and caregivers have greatly benefited from the integration of rehabilitation therapy into the healthcare continuum.
Challenges: Uncertain Situation Regarding Physiotherapy Reimbursement: The amount that consumers must pay out of pocket is significantly impacted by changes to healthcare insurance coverage and policy. This could lead to a decrease in the quality of care and variability in services. Patients are frequently forced to pay out of pocket due to the differences in coverage across and among federal and private payers. Patients may be required to pay a high deductible, facility fees, co-insurance, and a co-pay until co-insurance arrives.
Co-pays for different physiotherapy treatments can be very expensive. Patients may not undergo treatment as a result of the associated costs, which may restrict their access to care. Conversely, other patients might not be able to resume their regular activities or go back to work.
Impact of COVID-19 on Global Physiotherapy Equipment Market
The recent COVID-19 outbreak has a negative influence on revenue in the physiotherapy equipment industry for 2020. The pandemic disrupted worldwide supply chains, resulting in manufacturing delays and shortages of physiotherapy equipment. This has created difficulties in meeting rising demand for equipment, resulting in a temporary halt in industry expansion. Many elective operations and non-urgent procedures were postponed or cancelled due to the epidemic. This caused a temporary decrease in demand for physiotherapy equipment used in post-operative rehabilitation. However, as healthcare systems recovered and elective treatments resumed, demand increased year over year.
Physiotherapy Equipment Market Key Players:
BTL, EMS Physio Ltd, Dynatronics Corporation, RICHMAR, Performance Health, Storx Medical AG, Zimmer MedizinSysteme GmbH, ITO Co., Ltd, Enraf-Nonius B.V, and Whitehall Manufacturing are just a few of the major market players that are thoroughly examined in this market study along with revenue analysis, market segments, and competitive landscape data.
Global Physiotherapy Equipment Market Segmentation:
By Product: Based on the Product, Global Physiotherapy Equipment Market is segmented as; Laser Therapy Equipment, Continuous Passive Motion Devices, Transcutaneous Electrical Neural Stimulator, Interferential Stimulator, Electrical Muscle Stimulator, High Voltage Pulsed Galvanic Stimulator, Ultrasound Therapy Equipment, Traction Equipment, Diathermy Equipment, Exercise Equipment.
By Equipment Type: Based on the Equipment Type, Global Physiotherapy Equipment Market is segmented as; Cryotherapy, Hydrotherapy, Electrotherapy, Continuous Passive Motion Units, Multi-exercise Therapy Unit, Heat Therapy, Ultrasound Physiotherapy, Others.
By Application: Based on the Application, Global Physiotherapy Equipment Market is segmented as; Neurological, Musculoskeletal, Cardiovascular and Pulmonary, Others.
By End User: Based on the End User, Global Physiotherapy Equipment Market is segmented as; Hospitals, Rehabilitation Centers/Clinics, Homecare Settings.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.