Physical Therapy Market is expected to reach USD 40,891.63 million by 2030

Physical therapy is a term that refers to a variety of procedures used to relieve pain and restore mobility to injured human body parts like limbs and joints. It gives those with serious musculoskeletal and neuromuscular issues, whether acquired or inherited, a new lease on life. It is also administered to patients after procedures such as joint replacement and muscle restoration, in which a bodily portion is immobilised for an extended length of time. Physical therapy involves the use of various products and equipment to aid in the rehabilitation, treatment, and management of physical impairments or injuries. Products used in physical therapy are: therapeutic exercise equipment, modalities, assistive devices, massage tools and among others. This is propelling the global physical therapy market to new heights.

Data Bridge Market Research analyses that the global physical therapy market which was USD 24,708.00 million in 2022, is expected to reach USD 40,891.63 million by 2030, and is expected to undergo a CAGR of 6.50% during the forecast period of 2023 to 2030. "Orthopaedic physical therapy" dominates the application segment of the global physical therapy market owing increasing prevalence of diseases in addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Market Definition

Physical therapy is a type of treatment that employs practises such as exercise, massage, and others to alleviate any sickness or wound. Geriatric physical treatments, cardiac and pulmonary physiotherapy, neurological physiotherapy, and other sorts of fleshly therapies are some of the most common. It gives those with serious musculoskeletal and neuromuscular issues, whether acquired or inherited, a new lease on life. It is also administered to patients after procedures like joint replacement and muscle restoration, in which a bodily portion is immobilised for an extended length of time.

Drivers

Aging Population
As the global population continues to age, the demand for physical therapy services increases. Older individuals are more susceptible to various musculoskeletal and neurological conditions that require physical therapy interventions for pain management, mobility improvement, and rehabilitation.

Rising Prevalence of Chronic Diseases
The prevalence of chronic diseases such as arthritis, cardiovascular disorders, diabetes, and obesity is on the rise globally. Physical therapy plays a crucial role in managing and treating these conditions, leading to increased demand for physical therapy services.

Increasing Awareness of Physical Therapy Benefits
The awareness about the benefits of physical therapy is growing among individuals, healthcare professionals, and insurers. Physical therapy is recognized as an effective and non-invasive treatment option for a wide range of conditions, leading to greater acceptance and demand.

Opportunities

Telehealth and Remote Services
The COVID-19 pandemic has accelerated the adoption of telehealth and remote healthcare services. Physical therapy providers can leverage this opportunity by offering vir​​​​​​​tual consultations, remote monitoring, and home-based exercise programs. Telehealth allows for increased access to care, especially for individuals in rural or underserved areas.

Preventive and Wellness Services
Physical therapy is not only used for treating injuries and conditions but also for preventive care and promoting wellness. There is an opportunity to expand physical therapy services to include preventive screenings, ergonomic assessments, workplace wellness programs, and fitness consultations.

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Physical Therapy Market Scope
The global physical therapy market is segmented on the basis of application, age group, end-user, and treatment procedure. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

Orthopedic Physical Therapy
Geriatric Physical Therapy
Neurological Physical Therapy
Cardiopulmonary and Pulmonary Physical Therapy
Others
Age Group

Pediatrics
Adults
Elderly
End-User

Hospitals
Private Practices
Outpatient Clinics
Sports and Fitness Facility Centers
Others
Treatment Procedure

Equipment
Therapies
Products

Some of the major players operating in the global physical therapy market are:

AmeriCare Physical Therapy (U.S.)
Rehab Alternatives PLLC (U.S.)
PIVOT Physical Therapy (U.S.)
ProHealth Limited (Hong Kong)
BTL (India)
DJO LLC (U.S.)
Performance Health (U.S.)
Athletico Physical Therapy (U.S.)
Geisinger Health (U.S.)
Select Medical Corporation (U.S.)
Knight Health Holdings, LLC (U.S.)
Concentra, Inc. (U.S.)
EMS Physio Ltd. (U.K.)
US Physical Therapy, Inc. (U.S.)
Isokinetics.net (U.S.)

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