Heat Therapy Unit Market to be Worth US$ 6.3 Billion by 2030
Reports and Insights has published a new report titled, “Heat Therapy Units Market: Opportunity Analysis and Future Assessment 2022-2030”
Heat Therapy Units Market, By Product Type (Ultrasound Diathermy Unit, Tecar Therapy Unit, Microwave Diathermy Unit, Shortwave Diathermy Unit, Infrared Diathermy Unit, Longwave Diathermy Unit), By Modality (Mobility, Fixed), By Gender (Male, Female, Paediatrics), By Channel Type (Single channel, Multi-Channel), By End Users (Hospitals, Clinics, Rehabilitation Centres, Physiotherapy Centres, Home Care Settings, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
The heat therapy unit market is estimated to reach at a value of US$ 3.3 Bn by the end of 2022 and expected to reach at a value of US$ 6.3 Bn by 2030 with a significant CAGR of 8.5%.
Heat therapy unit market is paving the way for innovative and new approaches to diagnose, monitor and treating people and their conditions. Heat therapy products have been extensively used for pain relief of musculoskeletal disorders as well as in sports medicine. The heat therapy units make use of hot pads that is helpful for improving user comfort and relieve them from pain and discomfort which is majorly expected to drive the global heat therapy unit market in the following years.
Another major factor that is significantly expected to boost the market demand for heat therapy is the rapidly growing awareness regarding strength of the neck and knee wrappers in the treatment of chronic pain, which is anticipated to offer significant growth to the global heat therapy market in the near future. In addition to that, there is rise in the prevalence of musculoskeletal disorders such as rheumatoid arthritis, lower back pain, tendinitis, fibromyalgia, and many others, which is essentially boosting the demand of heat therapies across the markets. For instance, according to WHO, in 2021, approximately 1.71 Bn individuals across the globe were suffering from musculoskeletal disorders and among that the prevalence of individuals suffering from low back pain is reported to be 568 Mn. Thus, the heat therapy is expected to be used extensively for the pain related disorders in individuals as electrosurgery, physiotherapy, which expected to increase the growth of the global heat therapy unit market in the upcoming years.
Despite that, several risks associated with heat therapy including swelling, rashes, skin burn, inflammation and increased blood pressure and heart rate among the population is limiting the acceptance of heat therapies which is hindering the market growth. In addition to that, the high cost of treatment of heat therapies is further estimated to slow down the growth of the global heat therapy units market in the near future.
Nevertheless, the swift adoption of household pain treatment remedies along with the soaring popularity of electro surgeries all across the world is further projected to offer major growth opportunities to the global heat therapy unit market over the years. Moreover, the untapped potential of emerging market is further anticipated to provide attractive prospects for heat therapy units market in the coming years.
Reports and Insights Study identifies some of the key participating players in the heat therapy units market globally are Zimmer MedizinSysteme GmbH, DJO Global, Hill Laboratories Accelerated Care Plus Corporation, Fisioline, Performance Health, Biotech India, ASTAR, BTL International, Guangzhou Longest Science & Technology, among others.
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