Hydrotherapy is the external or internal application of water in liquid, solid, and vapor (water, ice, and steam) forms at various temperatures, duration, and sites for treatment of diseases. Hydrotherapy, a part of naturopathy, is also known as water cure and is used for pain relief. Hydrotherapy can be used in the treatment of different types of soft tissue and bone injuries, and neuromuscular conditions. This therapy is beneficial in various conditions such as pain relief, muscle spasm reduction, musculoskeletal conditions, and head injuries.
The global hydrotherapy equipment market is projected to experience steady growth during the forecast period. Increase in the number of spinal cord injuries is one of the major factors driving the market. High patient preference for non-invasive pain management therapies has increased demand for hydrotherapy equipment. Rapid adoption of the equipment by sports and athletes associations, favorable reimbursement scenarios, and captivating product features such as versatile and more convenient to use for surgeons and physicians are the other factors expected to drive the global market from 2017 to 2025. Furthermore, favorable regulations by government, increase in the number of sports injuries, rise in unhealthy lifestyles, technologically advanced equipment such as portable devices, and surge in geriatric population vulnerable to pain are the major factors likely to propel the global hydrotherapy equipment market during the forecast period. Increase in pricing pressure is one of the factors likely to restrain the global hydrotherapy equipment market.
The global hydrotherapy equipment market can be segmented based on product type, application, end-user, and region. In terms of product type, the global market can be categorized into hydrotherapy chambers, hydrotherapy tanks, whirl pool baths, and others. Based on application, the global hydrotherapy equipment market can be divided into oncology, cardiology, dermatology, pain management, and others. Cardiology is anticipated to be the fastest growing segment owing to high prevalence of cardiovascular conditions. In terms of end-user, the global market can be classified into hospitals, home care settings, specialty clinics, fitness centers, and beauty spas. The specialty clinics segment is expected to capture significant share of the global market during the forecast period due to usage of therapies in different applications.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.