Physical Therapy Market Insights 2025-2034: Growth Dynamics, Trends, and Strategic Opportunities
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What are the Key Projections for the CAGR of the Physical Therapy Market From 2025 to 2034?
There’s been significant growth in the physical therapy market size in the past few years. Projections indicate an increase from $27.89 billion in 2024 to $29.95 billion in 2025, maintaining a compound annual growth rate (CAGR) of 7.4%. The spike in growth during the historic period can be linked to factors such as a growing elder population, the prevalence of chronic ailments, work-related and sports injuries, emphasis on preventive healthcare, and expanding parameters within healthcare settings.
Expectations are high for considerable expansion of the physical therapy market in the coming years. The projection of it growing to $37.54 billion by 2029, with a compound annual growth rate (CAGR) of 5.8%, indicates prosperity within this sector. The growth expected in this period may be attributed to multiple factors including the integration of telehealth services, growing recognition of the advantages of regular physical activity, emphasis on strategies promoting aging in place, the prioritization of personalized treatment plans, and the adoption of comprehensive healthcare approaches. Technological innovation in rehabilitation, progression in rehabilitation technologies, integration of digital health, orthopedic and sports rehabilitation, along with technologically supported rehabilitation, are anticipated to be dominant trends during this forecast period.
What Combination of Drivers Is Leading to Accelerated Growth in the Physical Therapy Market?
The escalating instances of musculoskeletal disorders (MSDs) are anticipated to boost the physical therapy market’s expansion. MSDs, known as conditions affecting the bones, muscles, tendons, ligaments, and other musculoskeletal system elements, require physical therapy for curbing, managing and preventing these ailments. Intervention strategies include patient education, teaching ergonomics, modifying workplace safety, on-site treatment, and creating return-to-work programs. As per data from the World Health Organization in July 2022, around 1.71 billion people globally have been diagnosed with musculoskeletal conditions. Similarly, in a recent March 2022 survey published in PubMed Central (PMC), results from 282 students highlighted an upsurge in device use, prolonged sitting time, decreased physical activity and walking regimen during the pandemic. Significantly, 75.9% reported experiencing musculoskeletal discomfort, predominantly focusing on the shoulders and neck (65%). Around 46% of students who used laptops or phones from home revealed symptoms of text neck syndrome. Consequently, the rising cases of musculoskeletal disorders are predicted to galvanize the physical therapy market’s growth. The swelling numbers of the aging population are set to augment the physical therapy market’s expansion in the future. The aging demographic, distinguished by an increasing rate of senior citizens in a given community or population, often resort to physical therapy. It serves as a crucial healthcare measure aimed at tackling health issues associated with aging, enhancing movement, relieving pain, and promoting overall functional autonomy. Data from the World Health Organization (WHO) in October 2022 indicates that the global population of individuals 60 years and older is expanding at a fast pace, with projections for a twofold increase by 2050 to eventually reach 2.1 billion. Therefore, the growing elderly population is contributing to the physical therapy market’s progression.
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What Are the Key Industry Players Leading the Charge in the Physical Therapy Market’s Growth?
Major companies operating in the physical therapy market report are HCA Healthcare, Geisinger Health System (GHS), Select Medical Corporation, Kindred Healthcare Holdings LLC, Genesis HealthCare, Mercy Aged and Community Care Ltd., Rush-Copley Medical Center, Savaseniorcare LLC, DJO LLC, Concentra Inc., Professional Physical Therapy, Benchmark Physical Therapy, ATI Physical Therapy, US Physical Therapy Inc., PIVOT Physical Therapy, Athletico Physical Therapy, ProHealth Limited, NovaCare Rehabilitation, OrthoCarolina, Performance Health Supply Inc., Dynatronics Corporation, Enraf-Nonius B.V., Rehab Alternatives PLLC, BTL Industries, EMS Physio Ltd., Knight Health Holdings LLC, ProActive Physical Therapy, ITO Co. Ltd., AmeriCare Physical Therapy, Therapydia Inc.
How Are Market Trends and Shifts Impacting the Growth Trajectory of the Physical Therapy Market?
Key players in the physical therapy sector, such as Hinge Health, are merging digital care with traditional in-person treatment to enhance patient experiences. This amalgamation enables patients to get personalized care physically, while also gaining the benefits and support of digital tools. For instance, in January 2023, Hinge Health, based in the US, rolled out a unique house call physical therapy service, initially in Chicago but with intentions for a countrywide expansion. This novel service is devised to deliver in-person physical therapy that supplements Hinge Health’s current digital care services, letting patients get therapy at the coziness of their homes or workplaces. Its features include flexible scheduling, next-day and weekend appointments, and each session approximately lasts 45 minutes complete with a detailed assessment of the patient’s physical abilities and home environment. The goal is to enhance patient experience by converging digital and physical care, tackling challenges such as transportation and technology accessibility, and thereby promoting overall health equity.
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What Are the Strategic Segments Comprising the Physical Therapy Market and Their Growth Contributions?
The physical therapy market covered in this report is segmented –
1) By Type: Orthopedic Physical Therapy, Geriatric Physical Therapy, Neurological Physical Therapy, Cardiopulmonary and Pulmonary Physical Therapy, Other Types
2) By Age Group: Pediatrics, Adults, Elderly
3) By End-Use: Hospitals And Clinics, Community Centers, Sports Centers, Convalescent Homes, Schools And Sports Academies, Other End-Uses
Subsegments:
1) By Orthopedic Physical Therapy: Post-Surgical Rehabilitation, Sports Injury Rehabilitation, Joint And Muscle Pain Management, Fracture And Trauma Recovery
2) By Geriatric Physical Therapy: Fall Prevention And Balance Training, Arthritis And Osteoporosis Management, Mobility And Strength Training, Neuromuscular Disorders Treatment
3) By Neurological Physical Therapy: Stroke Rehabilitation, Parkinson’s Disease Therapy, Spinal Cord Injury Rehabilitation, Multiple Sclerosis Therapy, Traumatic Brain Injury (TBI) Recovery
4) By Cardiopulmonary And Pulmonary Physical Therapy: Cardiovascular Rehabilitation, Pulmonary Rehabilitation (COPD, Asthma), Post-Heart Surgery Rehabilitation, Breathing Exercises And Techniques
5) By Other Types: Pediatric Physical Therapy, Women’s Health Physical Therapy, Vestibular Therapy, Occupational Therapy And Pain Management
What Regions Are Influencing the Dynamics of the Physical Therapy Market?
North America was the largest region in the physical therapy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the physical therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Is the Definition of the Physical Therapy Market Impacting Future Growth?
Physical therapy is a healthcare profession and rehabilitation specialty that focuses on helping individuals recover from injuries, surgeries, illnesses, or physical disabilities. The primary goal of the therapy is to restore and improve a person’s physical function, mobility, and overall quality of life.
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