The hydrotherapy chairs market comprises chairs that are designed to provide hydrotherapy treatment for conditions such as arthritis, injuries, back pain, and mobility impairments. Hydrotherapy chairs utilize water jets to massage specific areas of the body and relax tight muscles. They offer therapeutic benefits with less physical stress compared to traditional pools or hot tubs. Hydrotherapy can assist in pain relief, increased range of motion, improved blood circulation, and overall well-being. Growing preference for non-pharmacological pain relief options along with rising rates of certain conditions is contributing to the increased adoption of hydrotherapy chairs.
The Global hydrotherapy chairs market is estimated to be valued at US$ 368.7 Mn in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the hydrotherapy chairs are ProMed Products, EWAC B.V., Reval Group, TruMedical Solutions, Focus Technology Co., Ltd., Aetna Inc., Grayline Medical, Advantage Medical, Invacare Corporation, Medex Supply, Design for Leisure Ltd., HydroMassage, and HydroWorx.
Growing adoption of hydrotherapy as an alternative remedy for various chronic pain conditions is fueling demand for hydrotherapy chairs. According to studies, over 40 million Americans suffer from lower back pain which can be effectively treated with hydrotherapy. Rising geriatric population that is more susceptible to mobility issues is another factor driving sales.
Leading manufacturers are focusing on global expansion through partnerships and distribution agreements to capitalize on opportunities across emerging markets. For instance, Invacare partnered with Colson Group in China to strengthen its presence in Asia. Additionally, growing awareness about benefits of hydrotherapy through online health portals and blogs is promoting the adoption of hydrotherapy chairs worldwide.
Market key trends
One of the notable trends gaining traction in the Hydrotherapy Chairs Market Size is the development of advanced multifunctional chairs. Key players are offering innovative chairs integrated with massage rollers, heating pads, water proof remote controls and customizable jet intensity settings. Such hi-tech features provide personalized care and make hydrotherapy more convenient. Additionally, light weight and portable designs allow patients to receive therapy in the comfort of their homes. This trend is expected to continue as customers demand greater comfort and control over their hydrotherapy experience.
Porter’s Analysis:
Threat of new entrants: Low capital requirements and the availability of quality components at competitive prices pose low threats to new entrants;
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and competition between existing brands;
Bargaining power of suppliers: Suppliers have low bargaining power as there are many established raw material and component suppliers;
Threat of new substitutes: Substitutes like jacuzzis, hot tubs, and massaging chairs pose medium threats;
Competitive rivalry: The rivalry is high among established brands to introduce innovative designs and features.
Geographically, North America is currently dominating the hydrotherapy chairs market and accounts for over 35% of the global market value due to increasing health consciousness and availability of advanced healthcare infrastructure. However, Asia Pacific is expected to be the fastest growing regional market during the forecast period. Increasing healthcare spending along with growing acceptance of pain-relief therapies like hydrotherapy in developing countries like China and India will drive the market growth in Asia Pacific. By 2031, Asia Pacific is projected to surpass North America as the top regional market.