Global Hydrotherapy Equipment Market Size 2024, Forecast To 2033
6 Mar, 2024
The hydrotherapy equipment market size has demonstrated substantial growth in recent years, escalating from $2.83 billion in 2023 to $3 billion in 2024, with a compound annual growth rate (CAGR) of 5.8%. This growth is primarily attributed to factors such as the aging population and health concerns, expansion within the sports and fitness industry, adoption by hospitals and rehabilitation centers, increased investments in wellness centers, and government initiatives promoting wellness. Looking ahead, the market is anticipated to experience robust growth, reaching $3.65 billion by 2028, with a CAGR of 5.0%. This expansion is driven by the rising demand for aquatic exercise, a heightened focus on mental health and wellness, the expansion of the spa and resort industry, promotion of hydrotherapy in fitness centers, and the global health and wellness tourism trend. Major trends in the forecast period include digital health and telehealth trends, customization, and personalization in healthcare, collaborations with physical therapy practices, technological advancements, and integration with digital health platforms.
Global Hydrotherapy Equipment Market Key Driver
The hydrotherapy equipment market is poised for growth driven by the high incidence of spinal cord injuries. Spinal cord injuries result in damage to the spinal cord or nerves, leading to various changes in bodily functions. Hydrotherapy, a form of physical therapy supervised by trained professionals, proves effective in spinal cord injury rehabilitation, aiding in balance, strength, and movement pattern development. Data from the United Spinal Association in July 2022 reveals that approximately 17,700 Americans acquire spinal cord injuries annually, with men comprising roughly 78% of these cases. This surge in spinal cord injuries underscores the demand for hydrotherapy equipment, reflecting market size projections for 2023, 2024, and 2028.
Get A Free Sample Of The Global Hydrotherapy Equipment Market ReportGlobal Hydrotherapy Equipment Market Segments
The hydrotherapy equipment market covered in this report is segmented –
1) By Type: Chambers Or Tanks, Hydrotherapy Pools, Hydrotherapy Tub Or Bath, Underwater Treadmill
2) By Application: Pain Management, Dermatology, Cardiology, Other Applications
3) By End User: Spa And Wellness Centers, Hospitals, Rehabilitation Centers, Other End-Users
By Geography:The regions covered in the hydrotherapy equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the hydrotherapy equipment market in 2023. The regions covered in the hydrotherapy equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Hydrotherapy Equipment Industry Players
HydroWorx International Inc., Prime Pacific Health Innovations Corporation, Hydro Physio Ltd., Technomex, Stas Doyer, Transcom SL, Sidmar Manufacturing Inc., SwimEx Inc., Jacuzzi Inc. (Investindustrial Advisors Limited), Accord Medical Products Pvt. Ltd., EWAC Medical, Kohler Co., BTL Corporate, Master Spas, Dotolo Europe, Niva Medical Oy, Hudson Aquatic Systems, Aquasure, Narang Medical Limited, Preston Pools, Dimension One Spas, Dynasty Spas, Econo Spas, Endless Pools, FreeFlow Spas, Bodyguard Spas, Marquis Spas, Premium Leisure LLC, Aqua Therapy Corp., Aquatic Technologies Group LLC
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Hydrotherapy Equipment Market Overview
Hydrotherapy (aqua therapy) equipment refers to an equipment used in aquatic exercises to aid in the healing and rehabilitation of patients who have undergone strenuous exercise or sustained serious injuries. Hydrotherapy refers to the use of water to treat certain medical conditions. The equipment’s are used to relieve pain and muscle spasms, gain relaxation, maintain or increase the range of joint movement, re-educate paralyzed muscles, and have other therapeutic uses.
Hydrotherapy Equipment Global Market Report 2023 provides data on the global hydrotherapy equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The hydrotherapy equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.