Hydrotherapy / Aquatic Therapy - Pool and Plunge Tank Equipment Market SWOT Analysis: Is growing continuously in Global Business Industry from 2019- 2027
Early Aquatic Therapy for Post-op Patients Results in Better Medical Outcomes
The benefits of aquatic therapy for post-op patients are creating a vast scope of cumulative growth opportunities for stakeholders in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market. It has been found that, early aquatic therapy is highly recommended for post-op patients. As such, the application of aquatic therapy devices for orthopedics is predicted to account for a substantial part of the production in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market, with an estimated output of ~9,000 units by the end of 2027. Thus, companies in the landscape are increasing their efforts to meet the needs of post-op patients.
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Companies in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market are paving the way for exponential growth with the introduction of innovative hydrotherapy techniques and products that are extremely safe and reliable for early intervention post-ops. Since patients are always wary of the possibility of their wounds getting infected, companies are educating healthcare providers about appropriate wound waterproofing techniques. They are also educating healthcare providers about regulating water chemistry levels in aquatic therapy pools. Companies in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market are laying emphasis on the routine checks and treatment of water to avoid any risks of waterborne pathogen transmission.
In order to increase the adoption of aquatic therapy, companies are catering to the specific needs of post-op patients with incontinence issues. Hence, they are increasing awareness about pragmatic toileting practices, such as visits to the bathroom immediately before and after an aquatic therapy session.
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Ideation of Innovative Pool Design Concepts Play Key Role in Attracting Customers
Innovations in hydrotherapy pool room designs are making the competition fierce in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market. As such, hydrotherapy pools are projected to account for the second-highest revenue amongst all products in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market, with a value of ~US$ 80 million by the end of 2027. Hence, companies are introducing novel pool designs that are equipped with robust filtration systems and environmental control. For instance, Kohler Waters Spa - a provider of hydrotherapy treatments, announced the launch of a new spa in Chicago, which is built with intricate design elements to provide customers with a therapeutic and rejuvenating experience.
Hectic work schedules of the millennial population around the world have also triggered the demand for state-of-the-art design pools. Since hydrotherapy tanks account for the highest revenue amongst all products in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market, companies are increasing their capabilities in providing quality stainless steel tanks with additional features. They are taking conscious efforts to choose the best grade of concrete to build the concrete slab by teaming up with structural engineers. Innovative concepts of movable pool floors and bulkheads are creating new incremental opportunities for companies in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market.
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Management of Waterborne Pathogens and Increased Capabilities in Clinical Studies Support Market Growth
Hydrotherapy and aquatic therapy is proving to be useful for orthopedic and neurology applications. However, certain limitations of these techniques are anticipated to impede market growth.
A major challenge that is affecting the growth of the hydrotherapy / aquatic therapy - pool and plunge tank equipment market is the problem of waterborne pathogen transmission in hospital settings. Hospital water and water-related devices, such as hydrotherapy tanks and pools, are moist most of the time. This moisture creates a favorable environment for the formation of waterborne pathogens that affect the quality of life of patients. Hence, companies in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market should educate hospitals to establish a waterborne pathogen team that overlooks infection control and risk management.
Another challenge that is likely to negatively influence the growth of the hydrotherapy / aquatic therapy - pool and plunge tank equipment market is the lack of clinical evidence that validates the effectiveness of hydrotherapy and aquatic therapy for patients. For instance, dry hydrotherapy is a novel treatment addition to the hydrotherapy / aquatic therapy - pool and plunge tank equipment landscape. However, the scarcity of published studies regarding dry hydrotherapy Equipment draws no definitive conclusion about the efficacy of these devices. Hence, companies in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market are increasing their efforts to reach full potential in the number of participants that get actively involved in clinical research studies.
Analysts’ Viewpoint
Manufactures in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market are benefitting from the introduction of dry hydrotherapy. This is because the treatment is being increasingly used as an alternative to conventional physical medicine therapeutic modalities and procedures such as heat packs, wet hydrotherapy, massage, and soft tissue manipulation.
However, a common misconception is that, muscular atrophy is associated with aquatic therapies, and has created resistance from patients to adopt aquatic and hydrotherapy. Hence, companies should increase awareness about the early intervention of aquatic therapy to avoid muscular atrophy amongst orthopedic patients. They should delve into untapped opportunities in hydrotherapy for pets by increasing their production capabilities of underwater treadmills and swim therapy for rehab.
- According to Transparency Market Research’s latest market report on the global hydrotherapy / aquatic therapy - pool and plunge tank equipment market for the period 2019–2027 (wherein, the period from 2019 to 2027 is the forecast period and 2018 is the base year), increase in the number of orthopedic and neurology patients across the globe is anticipated to strengthen the demand for hydrotherapy / aquatic therapy - pool and plunge tank equipment.
- Globally, revenue generated by the hydrotherapy / aquatic therapy - pool and plunge tank equipment market is estimated to be ~US$ 350 Mn in 2019 and is expected to expand at a CAGR of ~4% in terms of value during the forecast period.
Increase in Incidences of Sports Injuries to Drive Market
- Sports injuries occur while performing exercises or during sports, and hydrotherapy / aquatic therapy is a treatment that helps sportspersons or athletes recover from these injuries. Various factors can lead to sports injuries, which include insufficient warm-up and accidents. These water-based treatments or therapeutic intent, in particular, are meant for relaxation, fitness, and physical rehabilitation, and this is anticipated to be a driving factor for the hydrotherapy / aquatic therapy - pool and plunge tank equipment market.
- According to the National Institute of Arthritis and Musculoskeletal and Skin Diseases (NIAMS), nearly 2.6 million children aged below 19 years of age are treated each year for sports and recreation-related injuries in the U.S.
- Sedentary lifestyles and unhealthy diets are leading to increased rates of obesity and diabetes, besides pediatric, chronic, orthopedics, accident injuries, and other conditions, globally. These factors are expected to drive the hydrotherapy / aquatic therapy - pool and plunge tank equipment market during the forecast period.
Rise in Number of Private Hospitals, Wellness Centers, and Clinics to Create Lucrative OpportunitiesÂ
- Investments in building private hospitals, wellness centers, rehabilitation centers, clinics, etc., are increasing rapidly in developing economies. In developing countries, patients are relying on private healthcare organizations for health-related issues due to the rise in the standard of living and proper facilities provided by private hospitals and rehabilitation centers. This is anticipated to create lucrative opportunities for manufacturers in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market in the near future.
- Continuous increase in awareness about the health benefits of hydrotherapy / aquatic therapy across the globe is expected to create huge opportunities for manufacturers in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market during the forecast period. Hydrotherapy can support the restoration of functions in several areas of sports medicine, joint arthroplasty, orthopedics, work conditioning, and back injury rehabilitation programs.
- The hydrotherapy / aquatic therapy - pool and plunge tank equipment market is still untapped in Asia Pacific and the Middle East & Africa. Several expansion opportunities exist for manufacturers in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market to cater to these untapped markets.
High Cost of Hydrotherapy / Aquatic Therapy - Pool and Plunge Tank Equipment: A Key Restraint
- The high cost of hydrotherapy / aquatic therapy - pool and plunge tank equipment such as full body immersion tanks and pools remains a major concern, especially in developing economies. Hence, high expenditure on the installation of hydrotherapy / aquatic therapy - pool and plunge tank equipment acts as a major barrier in the adoption of hydrotherapy / aquatic therapy.
Hydrotherapy / Aquatic Therapy - Pool and Plunge Tank Equipment Market: Competition Landscape
- Detailed profiles of manufacturers in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies.
- Key players operating in the hydrotherapy / aquatic therapy - pool and plunge tank equipment market include
- SwimEx
- Hydroworx
- Hudson Aquatic Systems LLC
- EWAC Medical
- Endless Pools
- Narang Medical Limited
- Natare Pool Corporation
- Niva Medical Oy
- Preston Pools
- Technomex
- Accord Medical Products Pvt. Ltd.
- Aqua Product Corporation
- Aquasure UK
- BTL Corporate
- Hydro Physio
- Jacuzzi Inc.
- Meden-Inmed
- Master Spas.
Hydrotherapy / Aquatic Therapy - Pool and Plunge Tank Equipment Market: Key DevelopmentsÂ
- Prominent manufacturers in the global hydrotherapy / aquatic therapy - pool and plunge tank equipment market are increasingly investing oIn research & development activities to introduce new technologies in the market. Manufacturing companies are also expanding into new geographies through mergers & acquisitions and tie-ups with distributors and retailers of hydrotherapy / aquatic therapy - pool and plunge tank equipment.
Other key developments in the global hydrotherapy / aquatic therapy - pool and plunge tank equipment market are as follows:
- SwimEx provides pools with exclusive paddlewheel technology, WHICH allows swimmers to swim and exercise anywhere in the pool. Moreover, the company builds products made from durable fiberglass, and these quality products help it to maximize its productivity and profitability.
- In 2019, EWAC Medical presented its product portfolio AT the Arab Health Exhibition to collaborate with distributors and suppliers to extend its sales network.
- In 2018, HydroWorx acquired HydroTrack to offer compact product solutions in underwater treadmills.
- Endless Pools is likely to focus on THE quality of hydrotherapy / aquatic therapy - pool and plunge tank equipment and its core business to increase its customer base around the globe and gain a competitive advantage. It also plans to expand its portfolio in fitness systems, and introduce solutions in aquatic therapy, medical based exercises, etc.
- Hydro Physio is continuously focusing on both, innovation and the quality of hydrotherapy / aquatic therapy – pool and plunge tank equipment to strengthen its market position. It has launched new hydrotherapy plunge pools, and well-being Penta and Duo pools for the purpose of therapy. Moreover, the company plans to invest more toward reliable products to fulfill its customers’ needs in the near future.
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