The global Hydrotherapy Equipment market is expected to reach the market value of around US$ 4 Bn by 2027 and is anticipated to grow at a CAGR of around 4.1% in terms of revenue during the forecast period 2020 – 2027.
Hydrotherapy involves the internal or external application of water at different temperatures, durations and treatment sites of air, solid and vapor types (ice, hot, and steam). Often known as water treatment, hydrotherapy is a form of naturopathy is used in pain relief. The treatment of soft tissue and bone lesions and neuromuscular conditions may be done with hydrotherapy. In many conditions, this treatment is beneficial such as relief of pain, muscle skeletal conditions, reduction of muscle spasm, and headache.
The report provides analysis of global Hydrotherapy Equipment market for the period 2016-2027, where in 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Increasing numbers of sports and rehabilitation applications as well as an increase in the numbers of spinal cord injuries are major factors which are projected to boost the global hydrotherapy market's revenue growth significantly over the next 10 years.
The adoption of hydrotherapy, leading to an increase in the demand for hydrotherapy systems, is constantly increasing among alternative medicine. This is expected to help increase revenues in the future. The activities of organizations and manufacturers to encourage the use of hydrotherapy lead to improved sales and complementary growth in the market.
The use of hydrotherapy is increasing the manufacturers of equipment are expanding its global presence and diversifying its product portfolio, to meet the increased demand. For e.g, Hydropool Hot Tubs Inc. and BathWraps were acquired in June 2017 by Jacuzzi to help Jacuzzi diversify his product portfolio and increasing its global footprint.
Some regions have established guidelines for regulating and using these devices. The HICPAC and CDC Quality Promotion’s Healthcare Division, for example, provide guidance on disinfection and cleaning practices while providing hydro therapy for patients who suffer from blend, injury or other intact skin conditions.
Hydrotherapy promotions have been undertaken by manufactures, thereby boosting their business. In order to increase sales of its products, EWAC conducts workshops for example, which provide training and training in hydrotherapy.
The business was dominated by North America in 2019 and retained a 39 percent share that year. In comparison with other common treatment solutions, the positive reimbursement scenario together with lower hydrotherapy costs will likely boost growth in the region. Increased awareness of the health benefits for injured and disabled persons of aquatic therapies is likely to drive the market.
Besides, Asia Pacific is anticipated to grow at the fastest CAGR amid the forecast period. Increased awareness of hydrotherapy equipment along with increased spending on healthcare is expected to help expand the demand in this area.
In 2019, the pain management segment dominated the market and represented over 35% of the overall share. During the forecast period, the segment is expected to retain its lead. Increased awareness led to hydrotherapy in the treatment of various indications in pain management.
The underwater environments are perfect for athletic preparation, as compared with ground-based preparation it provides less exhaustion and joint pain. In the cardiological segment however, hydrotherapy is expected to be used most rapidly in cardiac patients from 2020 to 2027.
The spas and wellness centers grabs the highest share with more than 50% in 2019. The sector was split into clinics, recovery, health and spa centres, etc. on the basis of end use. The spas and wellness centers provide pain relief treatments and improve overall health.
Besides, it is anticipated that hospitals & rehabilitation centers will grow at a fastest CAGR during the forecast period, as these centers offer specific hydrotherapies for different conditions. The water property allows patients to undergo vigorous exercise with decreased joint pain and tension and helps increase the motion spectrum. Therapy is thus becoming increasingly popular as a treatment.
Hydrotherapy Equipment Market By Application
Hydrotherapy Equipment Market By Type
Hydrotherapy Equipment Market By End Use
Spa & Wellness Centers
Hospitals & Rehabilitation Centers
Hydrotherapy Equipment Market By Region
Middle East & Africa
Key Players & Strategies
Participants include major global Prime Pacific Health Innovations, EWAC, BTL, Hydro Physio, Stas Doyer, Technomex, HydroWorx, Transcom, and Others.
In order to strengthen their foothols in the global market, equipment manufacturers adopt strategies, such as product launch, fusions and acquisitions. In order to enhance the customer base, companies partner with suppliers of hydrotherapy equipment.
The Hydrotherapy Equipment market value is anticipated to be worth around US$ 4 Bn in 2027.
The Hydrotherapy Equipment market is anticipated to grow around 4.1% CAGR amid the forecast period 2020-2027.
North America held highest market share in 2019.
Asia Pacific is projected to be the fastest growing region in the global market.
Increasing numbers of sports and rehabilitation applications as well as an increase in the numbers of spinal cord injuries are major factors which are projected to boost the global hydrotherapy market.
Increase in pricing pressure is the main challenge in the global market.
Prime Pacific Health Innovations, EWAC, BTL, Hydro Physio, Stas Doyer, Technomex, HydroWorx, Transcom, and Others are the prominent players in the Hydrotherapy Equipment market.