The Engineered Stone Group Acquired MTI Baths(MTI) And Aquatica
VAMED Acquired Clavadel
Monomoy Capital Partners Acquired Artesian Spas And Marquis Hot Tubs
Daetwyler Holding Acquired Yantai Xinhui Packing
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Hydrotherapy equipment refers to the specialized tools and devices used in hydrotherapy, which is a form of physical therapy that utilizes water to treat various medical conditions and promote healing. These equipment 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.
The hydrotherapy equipment market consists of sales, by entities (organizations, sole traders and partnerships) of hydrotherapy equipment that refer to a variety of tools and devices designed to facilitate therapeutic treatments using water to treat a variety of symptoms throughout the body. Hydrotherapy uses the water as a supportive tool to reduce stress on muscles and joints during treatment.
The global hydrotherapy equipment market was valued at $2,407.1 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 3.0%.
Increased Disposable Income Per Capita
Increased disposable incomes per capita fueled the growth of the hydrotherapy equipment market during the historic period. With increased disposable incomes, individuals invested in personal health and wellness, including hydrotherapy equipment. Affordability of upfront costs allowed consumers to purchase equipment for home use or access services at specialized facilities, broadening market accessibility. This trend contributed to market expansion by appealing to a wider demographic. For instance, in November 2023, according to the Bureau of Economic Analysis (BEA), a US-based government agency that provides official macroeconomic and industry statistics, disposable personal income per capita in the United States increased to $61,047 in November 2023 from $57,339 in November 2022. Additionally, in February 2023, according to estimates from the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI), India's per capita net national income was INR 172,000 ($2,077.35). This is a nearly 100% increase over the INR 86,647 ($1,046.49) per capita income in 2014-15. Therefore, increased disposable incomes per capita drove the growth of the hydrotherapy equipment market.
Launch Of Innovative Products And Features To Enhance The Therapeutic Benefits
Companies operating in the hydrotherapy equipment market are focusing on introducing innovative hydrotherapy equipment products and features to enhance the therapeutic benefits, comfort and sustainability of their offerings, catering to the evolving preferences and requirements of consumers and healthcare professionals. For instance, in January 2023, Hydro Physio, a UK-based aquatic therapy treadmill manufacturing company, launched the new Active Hydrotherapy Trainer, its new hydrotherapy system for improving general fitness and rehabilitation following injury or surgery without putting stress on the joints. Hydro Physio's new trainer aims to transform rehabilitation for recovering patients. This system offers a hygienic aquatic therapy space, featuring a treadmill chamber, an entrance foyer and integrated water management equipment, providing an innovative solution for individualized rehabilitation needs. Furthermore, in May 2022, HydroWorx, a US-based exercise pool and underwater treadmill and jet machine manufacturing company, launched a new product line for animal health to expand into veterinary medicine. HydroWorx introduced the Pet Therapy line, featuring the K900 underwater treadmill system. Crafted from medical-grade stainless steel with a walk-through design, it offers clinicians 360-degree visibility. The K900 ensures safe and effective pet rehabilitation with adjustable incline and reverse operation capabilities.
The global hydrotherapy equipment market is fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 8.71% of the total market in 2022
Hydrotherapy Equipment Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global hydrotherapy equipment market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for hydrotherapy equipment? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The hydrotherapy equipment 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 history and forecasts market growth by geography. It places the market within the context of the wider hydrotherapy equipment market; and compares it with other markets.
The report covers the following chapters
Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by application and by end-user.
Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
Macro-Economic Scenario- The report provides an analysis of the impact of the Russia-Ukraine war, impact of the COVID-19 pandemic and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the hydrotherapy equipment market.
Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by application and by end-user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
Competitive Dashboard- Briefs on competitive dashboard of major players.
Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
Conclusions And Recommendations- This section includes recommendations for hydrotherapy equipment providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Type: Chambers; Tanks; Hydrotherapy Pools; Hydrotherapy Tub; Bath; Underwater Treadmill; Other Types
2) By Application: Pain Management; Dermatology; Cardiology; Other Applications
3) By End-User: Spa; Wellness Centers; Hospitals; Rehabilitation Centers; Other End-Users