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Physiotherapy Services Market: What is the Projected CAGR for 2024-2033?

In recent times, the size of the physiotherapy services market has seen substantial growth. It is projected to increase from $47.06 billion in 2023 to $50.37 billion in 2024, presenting a compound annual growth rate (CAGR) of 7.0%. The significant growth observed in the previous period can be credited to factors such as a surge in musculoskeletal disorders and injuries, heightened healthcare needs due to an aging population, augmentation of rehabilitation services within healthcare, elevating awareness about the advantages of physiotherapy, as well as the uptake of telehealth and remote physiotherapy services.

The market size of physiotherapy services is predicted to experience substantial growth in the upcoming years, expanding to $64.13 billion by 2028 at a compound annual growth rate (CAGR) of 6.2%. This growth through the prediction period can be credited to the expansion of wellness and preventive-focused physiotherapy, increased demand for home-based physiotherapy services, the rise of personalized and patient-centric physiotherapy, the influence of changing lifestyles on musculoskeletal health, and the escalating prevalence of chronic diseases and conditions. Key trends during the prediction period encompass improvements in medical technology and apparatus, collaboration among physiotherapists and the fitness industry, incorporation of artificial intelligence in rehabilitation schemes, advancements in wearable technology for monitoring physiotherapy, and the utilization of virtual reality in physiotherapy workouts.

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What Are the Primary Drivers Supporting the Growth of the physiotherapy services Market?

The growth of the physiotherapy services market is anticipated to be boosted by the increasing incidents of orthopedic disorders. Conditions concerning the musculoskeletal system, which includes bones, joints, muscles, tendons, ligaments, and cartilage, are referred to as orthopedic disorders. Physiotherapy assists in alleviating pain produced by orthopedic injuries or disorders, enhancing strength, flexibility, mobility, and impeding further injury. For example, the Centers for Disease Control and Prevention, a US government health agency, stated in February 2022 that the number of arthritis cases is predicted to rise from 63.5 million in 2020 to 78.4 million adults (18 and older) by 2040, accounting for 25.9% of the projected total adult population. Thus, the surge in orthopedic disorders is fueling the growth of the physiotherapy services market.

What Are the Core Segments of the Physiotherapy Services Market?

1) By Type: Hydrotherapy, Electric Stimulation, Ultrasound, Heat Therapy, Therapeutic Exercise, Continuous Passive Motion (CPM)

2) By Application: Cardiovascular And Pulmonary, Geriatric, Integumentary, Neurological, Orthopedic, Palliative Care, Pediatric, Women’s Health, Other Applications

3) By End-User: Hospitals, Private Practices, Outpatient Clinics, Sports And Fitness Facility Centers, Other End-Users

What Trends Are Paving the Way for Change in the Physiotherapy Services Market?

The rise in technological innovations is a notable trend gaining traction in the physiotherapy services industry. Top-tier firms in this sector are leveraging these new technologies to maintain their competitive edge. To exemplify, Universal Practice, a health tech firm based in Australia, launched a web-based physiotherapy practice that utilizes body-tracking technology in May 2023. Patients can log onto the platform where a licensed physiotherapist will use the camera on the device to map out the individual’s body, assess it, and devise a personalized comprehensive treatment strategy. This service pledges to guide patients throughout their journey to complete recovery through rehabilitation programs, daily exercise routines, yoga, Pilates, plus an option to communicate with a physiotherapist.

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Which Regions Are Leading the Charge in Physiotherapy Services Market Development?

North America was the largest region in the physiotherapy services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the physiotherapy services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Physiotherapy Services Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the physiotherapy services market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Physiotherapy Services Market Include

1. Physiotherapy Services Market Executive Summary

2. Physiotherapy Services Market Segments

3. Physiotherapy Services Market Size And Template Market Growth Rate

4. Key Physiotherapy Services Market Trends

5. Major Physiotherapy Services Market Drivers

……

25. Key Mergers And Acquisitions In The Physiotherapy Services Market

26. Top Physiotherapy Services Companies

27. Physiotherapy Services Market Opportunities And Strategies

28. Physiotherapy Services Market, Conclusions And Recommendations

29. Appendix

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