Physical Therapy Software Market: How the Market has witnessed Substantial Growth in recent years?

Physical Therapy Software Market Snapshot:

Physical therapy software is used to deliver seamless treatment to the patients suffering from accidents, osteoporosis, and post-surgery treatment, among others. The software offers umpteen services, which include customer relationship management, scheduling, online assistance, eliminating billing errors, centralized database of patient information, enhanced record keeping, automation of tasks, and better quality control.
Technological advancement has transformed the healthcare sector in the last few years; for instance, the integration of software applications with in-built tools aids in managing patient data. The ‘Administrative Errors: Technical Series on Safer Primary Care, 2016’ report published by the World Health Organization (WHO) estimated that about 5%–50% of medical errors in primary care were caused due to administrative fallacies, which further increases the need for physical therapy software.

The geriatric population is highly susceptible to home-accidents and bone-related diseases such as osteoporosis, further increasing the need for physiotherapy treatments to build strength and stamina. As per the Asecurelife Statistics, in the U.S., about 300,000 geriatrics are hospitalized for hip fracture cases every year. As per the CDC, around 36,338 people die due to unintentional falls every year. In Japan, approximately 27% of the population is above the age of 65 years, followed by Italy with 23%. The market players are channelizing efforts to develop software that offers umpteen services in the comfort of home. Recently, Meditab developed software “Physical Therapy EHR Software” that comprises integrated exercise routines, easy operability, scheduling, and outcome tracking.

The increasing number of administrative errors in the hospitals and clinics have fostered market growth. The administrative errors comprise of the patient record errors, investigation requests, and results errors, follow up system errors, communications errors, and patient identification errors among others. The ‘Administrative Errors: Technical Series on Safer Primary Care, 2016’ report published by the World Health Organization (WHO) estimated that nearly 65% of the diagnostic errors were caused due to system errors. Additionally, according to the Health IT Dashboard, U.S. Government, more than 95% of the hospitals have a certified EHR technology that includes 99% of large hospitals.

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The Major Prominent Players Covered in this Report:
MPN Software Systems (the U.S.)
PT Practice Pro (the U.S.)
TherapySync (the U.S.)
Optima Healthcare Solutions (the U.S.)
Meditab Software (the U.S.)
Yocale (Canada)
Systems4PT (the U.S.)
Net Health (the U.S.)
Phydeo (Canada)
GoMotive (the U.S.)
My Rehab Pro (the U.S.)
OptimisCorp (the U.S.)

By Deployment Type, On-premise, Cloud-based,
By Application, Hospital, Specialty clinic

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Physical Therapy Software in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Physical Therapy Software market during the forecast period 2019-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Physical Therapy Software and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Physical Therapy Software. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Recent Developments:
In August 2019, PT Practice Pro collaborated with Kno2 to connect with occupational therapy practices and deliver interoperability.

In June 2014, Net Health acquired The Rehab Documentation Company. The latter company is one of the leaders in physical, occupational, and speech therapy software.

In February, 2020, Net Health launched a Private Practice Solution that works on the companies xfit platform that will aid the clinics that are trying to scale their operations for complex processes.

In April 2013, Meditab offered its cloud-based solutions to the Allergy EHRShot lab thus transforming the paer based management to an electronic format.

According to the Health IT Dashboard, U.S. Government, in 2008, only 42% of the office-based physicians used the EHR while in 2017 85.9% of the physicians used the EHR thus observing a two-fold rise is noticed in the EHR adoption rate.

Key Questions Answered in The Report:
What will the Physical Therapy Software market growth rate?
What are the key factors driving the global Physical Therapy Software market?
Who are the key manufacturers in the Physical Therapy Software market space?
What are the market opportunities, market risk, and market overview of the Physical Therapy Software market?
What are sales, revenue, and price analysis of top manufacturers of the Physical Therapy Software market?
Who are the distributors, traders, and dealers of the Physical Therapy Software market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Physical Therapy Software Industry?
What are sales, revenue, and price analysis by regions of Physical Therapy Software industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Physical Therapy Software Market Trends:
- The report identifies, determines, and forecasts the Global Physical Therapy Software Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Physical Therapy Software Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Physical Therapy Software Market.

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