What’s The Growth Forecast For Physiotherapy Services Market Through 2023-2032?
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As per The Business Research Company’s Physiotherapy Services Global Market Report 2023, The global physiotherapy services market is expected to grow from $43.8 billion in 2022 to $47.06 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The physiotherapy services market is expected to reach $60.04 billion in 2027 at a CAGR of 6.3%.
What was the major driver in the physiotherapy services market?
The rising prevalence of orthopedic disorders is expected to propel the growth of the physiotherapy services market going forward. Orthopedic disorders refer to conditions that affect the musculoskeletal system, including the bones, joints, muscles, tendons, ligaments, and cartilage. Physiotherapy helps reduce pain caused by orthopedic injuries or conditions, improve strength, flexibility, and mobility, and prevent further damage. For instance, in February 2022, according to the Centers for Disease Control and Prevention, a US-based government health agency, the number of individuals with arthritis is expected to increase from 63.5 million in 2020 to 78.4 million adults (18 and older) by 2040, or 25.9% of the projected total adult population. Therefore, the increasing prevalence of orthopedic disorders is driving the growth of the physiotherapy services market.
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What was the key trend in the physiotherapy servicesmarket?
Technological advancements are a key trend gaining popularity in the physiotherapy services market. Major companies operating in the physiotherapy services market are adopting new technologies to sustain their position in the market. For instance, in May 2023, Universal Practice, an Australia-based health tech company, launched an online physiotherapy practice using body-tracking technology. Jump online, and a licensed physiotherapist will map out the patient’s body using the camera on the gadget, examine it, and create a customized holistic treatment plan. It promises to accompany patients on every step back to total health with rehabilitation programs, daily workouts, yoga, Pilates, and a “chat to a physio” option.
Which was the largest region in the physiotherapy services market?
North America was the largest region in the physiotherapy services market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the physiotherapy servicesmarketprominent players?
Major players in the physiotherapy services market are ITO Co. Ltd.,DJO Global Inc., Professional Physical Therapy, NovaCare Rehabilitation, Pivot Physical Therapy, Apollo Hospitals Enterprise Ltd., U.S. Physical Therapy Inc., BTL Industries Inc., ATI Physical Therapy LLC, Zynex Medical Inc., Zimmer MedizinSysteme GmbH, Storz Medical AG,Enraf-Nonius B.V., Patterson Medical Ltd., RICHMAR,eLuma, Rehab Alternatives, Maven Physical Therapy & Performance, Minsu’s Healing Oasis LLC, Elam Sports O’ahu Therapy & Training, Willis Street Physiotherapy Limited, Whitehall Manufacturing Inc., AmeriCare Physical Therapy, Olean Physical Therapy Professionals PLLC, Triumph Physical Therapy LLC, Meier & Marsh Professional Therapies, FullMotion Physical Therapy LLC, and EMS Physio Ltd.
Key physiotherapy servicesmarket segments
The global physiotherapy services market is segmented –
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
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The Physiotherapy Services Global Market Report 2023 provides a comprehensive overview on the physiotherapy services market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies
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