Key Trends and Insights into the Physical Therapy Rehabilitation Market: Growth Rate and Opportunities to 2034
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How has the physical therapy rehabilitation market size evolved in recent years?
The physical therapy rehabilitation market has expanded significantly in recent years and is expected to rise from $25.17 billion in 2024 to $27.67 billion in 2025 at a CAGR of 10.0%. Growth in previous years was influenced by greater awareness of preventive healthcare, technological advancements, an aging population, the rising incidence of chronic diseases, and increased insurance coverage.
What are the predictions for the physical therapy rehabilitation market size in the coming years?
The physical therapy rehabilitation market is projected to grow, reaching $39.88 billion in 2029 with a CAGR of 9.6%. Growth factors include rising healthcare demand, technology adoption, an aging population, insurance coverage expansion, and regulatory changes. Key trends include increased telerehabilitation services, AI and wearable tech integration, a growing geriatric population, rising sports injuries, and preventive care emphasis.
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What key factors are fueling the growth of the physical therapy rehabilitation market?
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.
How is the global physical therapy rehabilitation market divided into key segments?
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
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Who are the key firms paving the way for growth 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
Which trends are expected to transform 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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What regions are contributing significantly to the growth of the physical therapy rehabilitation market?
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.
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