How Will the Physical Therapy Rehabilitation Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How Will the Physical Therapy Rehabilitation Market Grow Over the Forecast Period Based on Its Expected CAGR?
There has been substantial growth in the physical therapy rehabilitation market over recent years, expanding from a market size of $25.17 billion in 2024 to an expected $27.67 billion in 2025. This represents a compound annual growth rate (CAGR) of 10.0%. The factors contributing to this growth during the previous period include heightened awareness of preventative healthcare, advancements in technology, an aging demographic, an increase in chronic illnesses, and broader insurance coverage.
The market for physical therapy rehabilitation is set to witness robust expansion in the forthcoming years. It’s projected to escalate to a market size of $39.88 billion by 2029, with a compound annual growth rate (CAGR) of 9.6%. The growth during this forecast period can be related to factors such as demand for healthcare, advancements in technology, an aging demographic, the scope of insurance coverage, and regulatory shifts. Key trends observed in this period are the heightened demand for telerehabilitation services owing to restrictions on face-to-face consultations amidst the pandemic, increased incorporation of AI and wearable technology, a growing geriatric populace, an increase in sports-related injuries, and a focus on preventive healthcare and wellness.
What Key Drivers Are Accelerating the Growth of the Physical Therapy Rehabilitation Market During the Forecast Period?
The physical therapy rehabilitation market is expected to be boosted by the increasing number of accidents and injury cases. The escalation in these incidents can be attributed to factors such as distracted driving, insufficient safety precautions, and an increase in risky behavior. Physical therapy rehabilitation plays a vital role in facilitating recovery and reestablishing mobility for those affected by accidents or injuries. As an example, a report from the European Commission – a Belgium-based arm of the European Union executive – from October 2023, disclosed that there were 20,640 fatalities on EU roads in the prior year, a 4% rise from 2021 as transportation activity rebounded post-pandemic. Consequently, the escalating number of accidents and injuries is catalyzing the growth of the physical therapy rehabilitation market.
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Who Are the Dominant Players Expanding Their Reach in the Physical Therapy Rehabilitation Market?
Major companies operating in the physical therapy rehabilitation market are Medline Industries LP, Baxter International Inc., Cerner Corporation, Smith+Nephew, Invacare Corporation, Caremax Rehabilitation Equipment Co. Ltd., eviCore healthcare MSI LLC, Drive DeVilbiss Healthcare, SWORD Health Inc., Kareo Inc., Hinge Health Inc., Saunders Group, Reflexion Health, Graham-Field, Isalus LLC, Dynatronics Corporation, Meditab, Alimed Medical Supplies, Carex Health Brands, Roma Medical Aid Ltd., Motekforce Link, Hausmann Industries, GestureTek HEALTH, TherapySync, MIRA Rehab Limited
What Are the Top Trends Shaping the Evolution of the Physical Therapy Rehabilitation Market?
Leading companies in the physical therapy rehabilitation market are strategically embracing advanced technology into their operations, particularly those powered by artificial intelligence (AI). AI-driven physical therapy rehabilitation solutions give them a competitive advantage by optimizing patient care and therapy sessions, and enhancing patient treatment results. The solutions employ machine learning algorithms, analyzing patient information, monitoring progress, personalizing treatment plans, and offering instant feedback to both therapists and patients. An example of this is GE HealthCare Technologies, Inc., a medical technology company from the US. In December 2023, the company introduced the SIGNA Champion AI-enhanced MRI System. Equipped with AI capabilities such as AIR Recon DL and Sonic DL, the system enhances efficiency while ensuring high-quality imaging. SIGNA Champion is a 1.5T wide bore MRI system integrated with GE HealthCare’s AIR Coils.
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How Are the Key Segments of the Physical Therapy Rehabilitation Market Impacting Its Expansion and Revenue Streams?
The physical therapy rehabilitation market covered in this report is segmented –
1) By Solution: Software, Hardware
2) By Application: Hip Joint, Spinal Cord Injuries, Forearms And Wrist Joints, Shoulder And Elbow Joint, Knee Joint, Other Applications
3) By End User: Ambulatory Surgical Centre, Self-insured Employer, Healthcare IDN (Integrated Delivery Network), Commercial Payer, Government Organization, Physiotherapy Clinics, Hospitals, Homecare And Rehabilitation Centers
Subsegments:
1) By Software: Rehabilitation Management Software, Electronic Health Records (EHR) Software, Patient Monitoring Software, Tele-Rehabilitation Software
2) By Hardware: Therapeutic Equipment, Exercise Equipment, Mobility Devices, Therapeutic Robots And Devices
Which Regions Are Setting the Pace for Physical Therapy Rehabilitation Market Growth?
North America was the largest region in the physical therapy rehabilitation market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the physical therapy rehabilitation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Defines the Scope of the Physical Therapy Rehabilitation Market?
Physical therapy rehabilitation refers to the systematic process of restoring function, mobility, and strength to individuals recovering from injury, illness, or surgery. Physical therapists use specialized exercises, manual therapy, and other treatments to improve patients’ general well-being and help them regain independence in their everyday lives.
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