PRESS RELEASE
Published August 24, 2023
The Global Physical Therapy Market is poised to register a CAGR of 6.1% during the forecast period 2023 to 2031.
Table of Contents
Physical Therapy Market Introduction
Physiotherapy, another name for physical therapy, is a healthcare profession that aims to help people restore their physical function, mobility, and quality of life through exercise, manual therapy, and other techniques. Physical therapists specialize in treating patients of all ages and backgrounds, from athletes recovering from injuries to elderly individuals with chronic pain or mobility issues. Physical therapy is usually prescribed as part of a comprehensive treatment plan for various conditions, including musculoskeletal injuries, neurological disorders, and cardiopulmonary diseases. Treatment plans are tailored to each patient's unique needs and goals. They may include exercises to improve strength, flexibility, and balance and manual therapy to address joint or soft tissue restrictions. Physical therapists also work closely with other healthcare professionals, such as physicians, occupational therapists, and speech-language pathologists, to ensure patients receive the best care. They may also collaborate with sports teams, schools, and other organizations to promote physical fitness and injury prevention.
FutureWise Market Research has published a report that provides an insightful analysis of Physical Therapy Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry.
By the end of the forecast period FutureWise research analysts projects that Physical Therapy Market will experience a significant growth. According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.
Physical Therapy Market Segmentation:
By Age Group
• Pediatrics
• Adults
• Elderly
By Application
• Orthopedic Physical Therapy
• Geriatric Physical Therapy
• Neurological Physical Therapy
• Cardiopulmonary and Pulmonary Physical Therapy
• Others
By Treatment Procedure
• Equipment
• Therapies
• Products
By End User
• Hospitals
• Private Practices
• Outpatient Clinics
• Sports & Fitness Facility Centers
• Others
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
This market research report also emphasis on factors affecting the growth rate in various regions listed above. A deep-down analysis of region will also be provided in the final version of this market which is based on conclusion of primary interviews and secondary data point gathered during the process.
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www.futurewiseresearch.com/healthcare-market-research/Physical-Therapy-Market/11710
Major players included in the Physical Therapy Market:
• Olean Physical Therapy Professionals
• AmeriCare Physical Therapy
• Rehab Alternatives PLLC
• Fullmotionpt.net
• Pivot Physical Therapy
• SPI Prohealth Limited Hong Kong
• BTL
• Meier & Marsh Physical Therapy
• DJO Global, Inc.
• Performance Health
• Athletico Physical Therapy
• Geisinger Health
• Jag-one PT
Recent developments by key players in Physical Therapy Market:
In January 2022, To offer outpatient physical therapy and related products in LA Fitness facilities for both the United States and Canada, Novo Integrated Sciences, Inc. signed an updated and restated master facility license agreement with LAF Canada Company.
Drivers of Physical Therapy Market
Rising frequency of sports-related injuries
The primary driver of the market's expansion is the increase in sports-related injuries. For example, according to a February 2022 article, there are 8.6 million athletes in the US who suffer from sports-related injuries every year. According to information from the NSC Injury Facts, in July 2021, the emergency room in the US treated nearly 3.2 million patients for injuries suffered while exercising, cycling, or playing basketball. Additionally, according to a June 2022 publication in the Orthopaedic Journal of Sports Medicine, 5035 football training-related injuries and 6785 football match-related injuries were documented in Italy in 2021. The need for physical therapy to recover from these injuries is anticipated to rise as a result driving market expansion.
Restraint of Physical Therapy Market
High cost
The cost of physical therapy services can significantly restrain the market's growth, as it can limit access to care for many patients. Physical therapy services are often not covered by insurance or are only partially covered, leaving patients to pay out of pocket for their treatment. This can be difficult for patients who require ongoing or long-term therapy, as the costs can quickly add up, and for low-income individuals or those living in rural or underserved areas, where physical therapy services may be less available. While the cost of physical therapy services remains a significant challenge, efforts are being made to increase access to care and reduce financial barriers for patients.
Opportunity of Physical Therapy Market
Technological advancements
Technology advances are transforming physical therapy and opening up new opportunities for providers and patients. Telehealth and mobile health technologies, in particular, are revolutionizing how physical therapy services are delivered. Telehealth allows physical therapists to provide remote consultations and monitor patient's progress from a distance, using videoconferencing and other tools. This can be especially beneficial for patients who live in remote or underserved areas and those who have difficulty traveling to in-person appointments. Telehealth can also help physical therapists manage their workload more efficiently, as they can see more patients in less time. Therefore, technological advances are creating new opportunities for physical therapists to provide patients with more personalized, efficient, and effective care. As these technologies develop further, it is anticipated to see even more innovative approaches to physical therapy in the years to come.
FutureWise Insights: According to FutureWise analysis the market for Physical Therapy is expected to grow at a CAGR of 6.1% over the forecast period of 2023-2031. Additionally, North America registered highest share in the market in 2022.
Objectives of Study:
• To provide with an exhaustive analysis on the Physical Therapy Market By Age Group, By Application, By Treatment Procedure, By End User and By Region.
• To cater comprehensive insights on factors such as drivers, restraints, trends, opportunity, and additionally segmental and regional factors impacting market growth.
• To evaluate current market trends and forecast micro-markets and the overall market projections which are represented in the format of data-sets and ppt.
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To provide information on competitors which includes landscape mapping, technological advancements, R&D spending, news concerning strategic alliances, and new product launches
Key Takeaways: FutureWise research report will help you understand the growth prospects, key trends, and data points affecting the market's growth. A detailed review of strategies being opted by the players in this market, and a thorough market share registered by the key companies globally as well as on a regional basis.
Delivery model: You can reach us directly at [email protected]. We offer a flexible delivery model wherein you can request changes in the scope/table of content as per your requirements. Customized Mobility Care is free of charge associated with any license purchase of any report.
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Table of Contents:
Market Introduction
Research Methodology
Executive Summary
Market Variables, Trends, and Scope
Market Overview
Market Analysis Tools
Market Segmentation
Regional Landscape
Market Share Analysis and Competitive Landscape
Company Profiles
Impact of COVID-19
Impact of Russia-Ukraine War
Competitive Intelligence and Competitive Matrix
Major Deals and Strategic Alliances Analysis
Relevant Case Studies and Latest News Updates
Key Takeaway Points from the Analysts at FutureWise Market Research
Frequently Asked Questions:
What are the Physical Therapy Market’s revenue, sales, and pricing analysis for the top manufacturers globally and based on region?
Which key factors are driving market growth?
What is the historic and forecast CAGR of market?
Which country holds the greater percentage share of market globally?
What current factors are creating opportunities for vendors in this market?
What challenges are being faced by new market entrants in this industry?
How is Russia-Ukraine War impacting the overall growth of this market?
About & Contact Details:
We specialize in high-growth niche “Healthcare” market research, and offer flexibility, agility, as well as tailored solutions & services for our clients. Our research is based on both primary and secondary methods, wherein primary consists of opinions, interviews of key opinion leaders, and high ranked doctors specializing in a particular field of medicine. Our market insights and consulting services enable our clients to stay ahead of their industries for many years.
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