Global Physical Therapy Market By Application (Orthopedic Physical Therapy, Geriatric Physical Therapy, Neurological Physical Therapy, Cardiopulmonary and Pulmonary Physical Therapy, Others), Age Group (Pediatrics, Adults, Elderly), End-User (Hospitals, Private Practices, Outpatient Clinics, Sports and Fitness Facility Centers, Others), Treatment Procedure (Equipment, Therapies, Products) - Industry Trends and Forecast to 2029
Market Analysis and Size
Physical therapy is a term that refers to a variety of procedures used to relieve pain and restore mobility to injured human body parts like limbs and joints. It gives those with serious musculoskeletal and neuromuscular issues, whether acquired or inherited, a new lease on life. It's also administered to patients after procedures like joint replacement and muscle restoration, in which a bodily portion is immobilised for an extended length of time. Since medical improvements have boosted the survival rate of premature infants and trauma and stroke victims, the demand for evaluation and treatment of their biophysical disorders has grown. This is propelling the global physical therapy services market to new heights.
Data Bridge Market Research analyses that the physical therapy market which was USD 23.1 billion in 2021, would rocket up to USD 37.24 billion by 2029, and is expected to undergo a CAGR of 6.15% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Application (Orthopedic Physical Therapy, Geriatric Physical Therapy, Neurological Physical Therapy, Cardiopulmonary and Pulmonary Physical Therapy, Others), Age Group (Pediatrics, Adults, Elderly), End- User (Hospitals, Private Practices, Outpatient Clinics, Sports and Fitness Facility Centers, Others), Treatment Procedure (Equipment, Therapies, Products)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
AmeriCare Physical Therapy (U.S), Rehab Alternatives PLLC (U.S), PIVOT Physical Therapy (U.S), ProHealth Limited (Hong Kong), BTL(India), DJO LLC (U.S), Performance Health (U.S), Athletico Physical Therapy (U.S), Geisinger Health (U.S) Select Medical Corporation (U.S), Knight Health Holdings, LLC (U.S), Concentra, Inc. (U.S), EMS Physio Ltd. (U.K), US Physical Therapy, Inc. (U.S), Isokinetics.net (U.S)
Physical therapy is a type of treatment that employs practises such as exercise, massage, and others to alleviate any sickness or wound. Geriatric physical treatments, cardiac and pulmonary physiotherapy, neurological physiotherapy, and other sorts of fleshly therapies are some of the most common.
Physical Therapy Market Dynamics
- Advancements in healthcare sector
The market is predicted to rise due to an increase in the number of incidents occurring around the world. Other factors such as advancements in healthcare facilities, availability of physical therapy at healthcare facilities such as hospitals, private practises, and others, rising population ageing, and increasing number of people suffering from neurological disease are expected to boost the physical therapy market from 2022 to 2029.
- Technological advancements
Low treatment costs for physical therapy rehabilitation solutions, increasing launches and approvals of novel virtual physical therapy solutions, and growing collaborations and partnerships among market participants are all factors driving market expansion. Physiotherapy equipment demand is predicted to rise as a result of technological advancements and novelties by leading businesses, boosting market growth.
- Rise in demand of physical therapy services
The overall growth of global physical therapy rehabilitation solutions is likely to be driven by rising awareness of the value of physical treatment that produces benefits without side effects. People receive physical therapy in a variety of venues, including hospitals, outpatient clinics, private offices, sports and fitness activities, and others. Physical therapy services are in higher demand in elementary and secondary schools and sports and fitness centres for special education kids.
More individuals are engaged in sports and severe physical activity around the world, which is contributing to an increase in the number of injuries associated with these activities. It is a significant market growth component. With an increasing older population, falls are becoming more common in both indoor and outdoor settings. This is a natural result of joints failing as they age, resulting in an increase in the demand for physical therapy services.
High expenses associated with research and development skills, limited infrastructure services, high prices associated with sports medicine, and a lack of knowledge in retreating nations are projected to stymie industry expansion. Furthermore, during the forecast period of 2022-2029, the market is expected to be hampered by a lack of favourable remuneration states and technology transmission in developing countries, as well as a high practise duty imposed on medical devices and a lack of suitable advice in low- and middle-income countries.
This physical therapy market report provides details of new recent developments, trade regulations, import-export examination, production analysis, value chain optimization, market share, impact of local and restricted market players, studies opportunities in terms of emerging income pockets, fluctuations in market regulations, calculated market growth analysis, market size, category market growths, request positions and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the physical therapy market contact Data Bridge Market Research for an forecaster brief, our team will help you take an informed market decision to achieve growth of the market.
COVID-19 Impact on Physical Therapy Market
The global pandemic COVID-19 had an impact on the physical therapy market, either directly or indirectly. Because the sickness is presently infecting many active individuals in the industry and service sectors, Coronavirus Disease 2019 (COVID-19) is likely to substantially impact society and the economy. Patients' functional capacity and, as a result, their occupational performance may be impacted by the illness in the long run. The effects of COVID-19 on occupational health were investigated in this study, with a focus on the role of physical therapy in rehabilitation.
- In April 2020, ATI Physical Therapy, a privately held, nationally recognised healthcare organisation based in the United States that specialises in outpatient rehabilitation and related healthcare services, has introduced a virtual or online physical therapy service.
Global Physical Therapy Market Scope
The physical therapy market is segmented on the basis of age group, treatment procedure, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Orthopedic Physical Therapy
- Geriatric Physical Therapy
- Neurological Physical Therapy
- Cardiopulmonary and Pulmonary Physical Therapy
- Private practices
- Outpatient clinics
- Sports and fitness facility centers
Physical Therapy Market Regional Analysis/Insights
The physical therapy market is analysed and market size insights and trends are provided by country, age group, treatment procedure, application and end-user as referenced above.
The countries covered in the physical therapy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market owing to the rise in accidents, the incidence of osteoporosis, and the number of old people (60 and above).
The Asia-Pacific (APAC) region is projected to witness an impressive growth rate in the coming years due to growth in disposable income (outcome of robust economic growth), and refining healthcare organization.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points for example down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The physical therapy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for physical therapy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the physical therapy market. The data is available for historic period 2010-2020.
Competitive Landscape and Physical Therapy Market Share Analysis
The physical therapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to physical therapy market.
Some of the major players operating in the physical therapy market are:
- AmeriCare Physical Therapy (U.S)
- Rehab Alternatives PLLC (U.S)
- PIVOT Physical Therapy (U.S)
- ProHealth Limited (Hong Kong)
- BTL (India)
- DJO LLC (U.S)
- Performance Health (U.S)
- Athletico Physical Therapy (U.S)
- Geisinger Health (U.S)
- Select Medical Corporation (U.S)
- Knight Health Holdings, LLC (U.S)
- Concentra, Inc. (U.S)
- EMS Physio Ltd. (U.K)
- US Physical Therapy, Inc. (U.S)
- Isokinetics.net (U.S)