Kenneth Research recently added a report on ‘Aquatic Therapy Industry Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Aquatic Therapy Industry Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country’s goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
Healthcare Companies and Private Service Providers to have a minimal damage Caused by Inflation:
As US govt. remains committed to quality by spending more in the Medicaid and Medicare programs, incentives by govt. to medical devices, pharma companies and biotech to benefit the market players in short and long term goals. In 2021, U.S. spent $12,318/person on healthcare- highest amongst all OECD countries followed by Germany at $7,383. The federal government commitment towards healthcare systems to enable market players expanding their revenues and mitigating the risk posed by the inflation.
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“Global Aquatic Therapy Market, By Type (Aqua Walker, Elliptical Water Rider, Pool Bike, Floatation Belts, Ankle Cuffs, Swim Bar, Head Float, Others), Distribution Channel (Direct Sales, Distributor), Application (Teenagers, Adults, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market analysis and insight:
The global spa market is expected to grow at a growth rate of ~6% during the forecast period from 2022 to 2030. It is very popular among surgeons and postoperative patients. Aquatic therapy is a type of physical therapy performed in a swimming pool to provide patients with the opportunity to perform low-impact exercises. Help reduce swelling, improve proprioception, reduce muscle spasms and increase blood flow.
Aquatic therapy is increasingly being used around the world to increase people’s awareness of treatment practices, improve living standards, and improve the facilities provided by private hospitals and rehabilitation centers. These are some of the factors that are expected to drive the growth of the aquatic therapy market during the forecast period 2022-2030 .
On the other hand, the increasing awareness of the health benefits of spa treatments worldwide will further create several opportunities, leading to the growth of the spa market during the aforementioned period. This spa market report details recent new developments, trade regulations, import and export analysis, production analysis, value chain optimization, market share, the impact of local and national market participants, analysis of opportunities in emerging revenue pools, market changes and regulations , Strategic market growth analysis, market size, category market growth, field and application niches, product approvals, product launches, geographic expansion, innovative technologies in the market. For more information on the spa market, please contact Data Bridge Market Research for an analyst summary. Our team will help you make wise market decisions to achieve market growth.
Scope and scale of the spa market:
The spa market is segmented according to types, distribution channels, and applications. The growth between different market segments can help you gain insight into the different growth drivers that are expected to prevail in the entire market, and formulate different strategies to help determine the differences in the main application areas and target markets. According to the type, the spa market is subdivided into water walkers, water elliptical machines, pool bikes, floating belts, anklets, swimming rods, head floats, etc. Divided into direct sales and distributors. According to the application, the spa market is segmented into teenagers, adults, and others.
Country-level analysis of the spa market:
Analyze the spa market and market size, and provide quantitative information by country, type, distribution channel and application as described above. The countries covered by the hydrotherapy market report include the United States in North America, Canada and Mexico, Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, other parts of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia Pacific (APAC), Saudi Arabia, United Arab Emirates, Israel, Egypt, South Africa, other regions Middle East and Africa (MEA) As part of Middle East and Africa (MEA), Brazil, Argentina and the rest of South America are part of South America.
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Due to the increasing adoption of aquatic therapy worldwide and the increasing awareness of the practice and benefits of this therapy, Europe has dominated the aquatic therapy market. The country part of the report also provides individual market factors and changes in national regulations that affect current and future market trends. Data points such as consumption, production location and quantity, import and export analysis, price trend analysis, raw material cost, and upstream and downstream value chain analysis are some of the main indicators used to predict the market conditions of individual countries. In addition, when providing predictive analysis of country data, the existence and availability of global brands and their challenges due to high or low competition from local and national brands, the impact of national rates and trade routes are also taken into consideration.
Analysis of competitive landscape and spa market share:
The competitive landscape of the spa market provides detailed information by competitors. Detailed information includes company profile, company finances, revenue, market potential, R&D investment, new market plans, global influence, production bases and facilities, production capacity, company strengths and weaknesses, product launches, product breadth and breadth, and application areas. The data points provided above are only related to the companys methods related to the spa market. The main players covered in the spa market report are SwimEx, Hydroworx, Hudson Aquatic Systems LLC., EWAC Medical, Swimming machine, Fabrication Enterprises, Inc., Aqua Creek Products, Narang Medical Limited, Natare Corporation, Niva Medical Oy, Preston Pools , Technomex, Accord Medical Products, Aqua Products, Inc, Aquasure, BTL, Hydro Physio, Jacuzzi, Meden-Inmed Sp z oo and Master Spas, Inc. and other national and global participants. Market share data applies to the entire world, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. Kenneth analysts understand competitive advantages and provide competitive analysis for each competitor individually.”
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