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What Is the Growth Rate of the Physical Therapy Market?

The size of the physical therapy market has seen robust growth in recent past. The projections suggest an increase from $27.89 billion in 2024 to $29.95 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 7.4%. Factors contributing to the growth during the historic period include an aging population, the rise in chronic conditions, occurrence of occupational and sports injuries, emphasis on preventative healthcare, and extended scope in healthcare settings.

What Growth Rate Is Forecasted for the Physical Therapy Market by 2029?

The market size of physical therapy is anticipated to experience robust expansion in the forthcoming years, expanding to a value of $37.54 billion in 2029 with a compound annual growth rate (CAGR) of 5.8%. This growth during the predicted time scale can be credited to the adoption of telehealth services, the growing understanding of physical activity benefits, strategies centered on aging-on-site, personalized therapy plans, and interdisciplinary healthcare methodologies. The forecasted period is expected to be defined by major trends such as technological evolution in rehabilitation, developments in rehabilitative technologies, digitized health amalgamation, as well as tech-facilitated rehabilitation in the areas of orthopedics and sports.

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Which Key Companies Are Shaping the Future 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.

Which Factors Are Driving Demand in the Physical Therapy Industry?

The escalating incidence of musculoskeletal disorders (MSDs) is set to boost the physical therapy market’s expansion. MSDs, a set of medical ailments affecting the muscles, bones, tendons, ligaments, and other components of the musculoskeletal system, necessitate physical therapy for prevention, treatment, and management. Physical therapy provides education, ergonomic training, workplace safety alterations, on-site treatment, and return-to-work programs. For example, the World Health Organization reported in July 2022 that nearly 1.71 billion people globally are afflicted with musculoskeletal conditions. A survey released in PubMed Central (PMC) in March 2022, which analyzed data from 282 students on digital device usage, physical activity, sitting duration, walking frequency, and ergonomics, revealed increased device usage and sedentary behavior amid decreased physical activity and walking during the pandemic. The survey reported that a significant 75.9% experienced musculoskeletal pain, concentrated mainly in the shoulders and neck (65%). Moreover, 46% of students using laptops or phones for remote work suffered from text neck syndrome. Thus, the surging prevalence of musculoskeletal disorders is anticipated to spur the physical therapy market’s growth. The surge in the physical therapy market is being fueled by a steadily aging population. This segment is defined by a demographic trend of an increasing number of elderly individuals in a population or society. Physical therapy is a critical healthcare strategy for the aging population to address age-related health issues, augment mobility, relieve pain, and enhance overall functional autonomy. In October 2022, the World Health Organization (WHO) projected the global population of individuals aged 60 and above to double by 2050 to reach 2.1 billion, highlighting the rapid aging trend. Hence, the swelling aging population is propelling the growth of the physical therapy market.

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How Is the Physical Therapy Market Segmented by Several Divisions?

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 are the Emerging Market Trends Driving the Growth of the Physical Therapy Industry?

Key players in the physical therapy sector are amalgamating digital technology with in-person care for an enhanced patient experience. This integrated approach allows patients to access tailored, tactile treatment while leveraging the comfort and reinforcement of digital resources. For instance, Hinge Health, a company in the US offering physical therapy services, initiated a home visit physical therapy service in January 2023, initially in Chicago with an ambition for nationwide expansion. This innovative service strives to provide face-to-face physical therapy, augmenting Hinge Health’s prevailing digital care services, and allows patients to undergo therapy in their own homes or offices. The service offers flexible scheduling, including appointments for the following day and weekends. Each therapy session typically runs for around 45 minutes and incorporates a meticulous evaluation of the patient’s physical abilities and domestic setting. This endeavor is intended to boost the patient experience by combining digital and in-person care, tackling obstacles like transport and technology availability, and ultimately promoting health equality.

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Which Regions Are Driving Growth in 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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This Report Delivers Insight On:

1. How big is the physical therapy market, and how is it changing globally?

2. Who are the major companies in the physical therapy market, and how are they performing?

3. What are the key opportunities and risks in the physical therapy market right now?

4. Which products or customer segments are growing the most in the physical therapy market?

5. What factors are helping or slowing down the growth of the physical therapy market?

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