How Will the Physical Therapy Market Grow? Key Trends and Opportunities for 2025 and Beyond
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What key factors are powering the surge in the physical therapy market right now?
The physical therapy market has seen robust growth in recent years and is forecasted to grow from $27.89 billion in 2024 to $29.95 billion in 2025 at a CAGR of 7.4%. Growth in the past period was driven by an aging population, the prevalence of chronic conditions, occupational and sports injuries, a focus on preventive healthcare, and an expanded role in healthcare settings.
How fast Is the physical therapy market expected to grow, and what’s its future value?
The physical therapy market is expected to expand, reaching $37.54 billion in 2029 at a CAGR of 5.8%. Growth drivers include telehealth integration, rising awareness of physical activity benefits, aging-in-place strategies, personalized treatments, and interdisciplinary healthcare approaches. Trends involve technological advancements in rehabilitation, digital health solutions, orthopedic and sports rehabilitation innovations, and AI-driven rehabilitation tools.
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What are the leading drivers of 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.
What are the key segments defining the physical therapy market?
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
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Who are the key players steering the development of the physical therapy market?
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.
What emerging trends are influencing the growth 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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Which regions are most influential in expanding 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.
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