Market Analysis Report: Physiotherapy Market is expected to reach $23.75 Billion globally by 2022Novel Physiotherapies Strategy 2010 to 2050: The WHO has projected that by 2050, global geriatric population will reach a count of nearly 2.0Bn which was around 547Mn in 2010. Similarly increasing incidences of orthopedic disorders will accentuate the growth of physiotherapy services market. Similarly increasing women’s healthcare concern will also augment the growth of physiotherapy services market.
WHO’s National Institute on Aging states that prevalence of dementia and neurodegenerative disorders are expected to rise sharply (25–30%) with growing age. Chronic diseases and lifestyle-related habits contribute to approximately 75% of the health costs. Physiotherapy services have also become more affordable for households over the past 5 years, as disposable incomes have grown. Industry revenue is forecast to rise at an annualized 3.5% over the 5 years through 2016-17, to reach $1.6Bn.
Importance & Scope: Currently, the global physiotherapy market is steadily growing and will reach a value of around US$ 23.7Bn by 2022 end, up from the value recorded in 2015 i.e. US$ 15Bn. The market is anticipated to expand at a moderate yet promising CAGR of 6.8% during the forecast period, 2015-2022.
U.S. physiotherapy market, by application, 2012-2022 (USD Billion):
Funding: This year funding of £200,000 is available to CSP members for research and £84,000 for educational activities. By funding physiotherapyresearch in the UK at a number of levels the trust aims to broaden the evidence base informing physiotherapy practice. Annually it allocates about £200,000 in research grants through the Physiotherapy Research Foundation. This year the grants have been split between start-up funds of up to £25,000 for novice researchers and funding of up to £50,000 for more experienced researchers.
Majorcountries of Physiotherapy Market: The largest global markets for medicinal and aromatic plants are Birmingham, Italy, India, UK, Malaysia, Australia and the USA.
USA: United States is the largest consumer health market, physical therapy accounts for an estimated $26.6 billion which is approx. 90% of all the outpatient rehabilitation spending
Europe: Europe physiotherapy market is anticipated to grow from the estimated value of US$ 14,972.1Mn by end of 2015 to US$ 23,750.9Mn by 2022, at a CAGR of 6.8% during the forecast period
Middle East: The Middle East physiotherapy equipment market valued at 14.30 billion USD in 2014 and is expected to grow at 7.1% CAGR over the forecast period. The key driving factors of this market are unhealthy lifestyle habits, growing geriatric population base and the presence of favorable government regulations
Asia Pacific: The Asian market healthcare subsector is estimated to be worth 1.37 million US$ and is expected to grow till 10.5% of CAGR. By April 2011, almost 70 healthcare biotechnology based companies have been conferred the Status of Bio-Nexus accounting for 198 million US$ in investment till date and have contributed a cumulated revenue of 114 million US$
India: is a major consumer of physiotherapy market. According to the recently published Pharmaion report, India Physiotherapy Equipment Market Opportunities, 2010 - 2020, physiotherapy equipment Indian market is projected to grow at a CAGR of over 12% during 2015 - 2020 on account of increasing prevalence of cardiovascular and neurological diseases also expanding elderly population and escalating demand for at-home physiotherapy. Also, growing awareness about the therapeutic benefits of physiotherapy such as improving mobility and strengthening affected body areas is significantly propelling demand for physiotherapy equipment in India.
Why Birmingham, UK: Birmingham was also one of the founding cities for the Euro cities group and is also sitting as chair. It is considered to be a Beta-global city, rated as the third most globally influential city in the UK after London and Manchester. Birmingham is home to one of the largest shopping centers in the UK, the Bullring. It is also the busiest in the UK, attracting 36.5 million visitors in its first year. Birmingham is the most visited retail destination outside London and the retail sector makes up a large proportion of the city's economy.
- Manual Physiotherapy Strategies
- Artificial Physiotherapy Methods
- Women’s Health & Palliative Care
- Neurological Rehabilitation
- Physiotherapy in Treatment & Care
- Physiotherapy Methods and Instrumentation
- Physiotherapy Specializations
- Sports & Physiotherapy
- Advancements in Physiotherapeutic treatments
- Experimental techniques in Physiotherapies
Major Physiotherapy Associations and societies around the Globe:
- American Physical Therapy Association
- Australian Physical Therapy Association
- Japanese Association of Rehabilitation Medicine
- International Association of Healthcare Practitioners
- World Confederation for Physical Therapy
- Indian Association of Physiotherapists
- Canadian Physiotherapy Association
- Chartered Society of Physiotherapy
- Singapore Physiotherapy Association
FutureProjection: The market for physiotherapy administrations is relied upon to increment at a critical development rate inferable from rising geriatric populace over the world. Elderly individuals for the most part experience the ill effects of different infirmities, for example, joint inflammation, cardiovascular sicknesses and incessant torment. Thus, they highlight the interest for benefiting physiotherapy administrations to unwind their body from the diseases. Elderly individuals are likewise raising the interest for palliative care that is given by means of physiotherapy. In addition, rising mindfulness in regards to remedial utilizations of physiotherapy, expanding rate of cardiovascular and neurological maladies, and developing interest from palliative care patients are the other main considerations foreseen to drive offers of India physiotherapy gear advertise amid 2015-2020. Technavio's experts figure the worldwide physiotherapy gear market to develop at a CAGR of 6.35% over the period 2014-2019.
Despite the size of this market, it remains highly fragmented and extremely competitive with the largest 50 competitors comprising less than 25% of the market. The market is primarily composed of small, independent practices that are all vying for a piece of the pie. Although nearly any industry has its fair share of front-runners, physical therapy lacks a clear winner, where no single participant commands over 5% of the market.
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