Physical Therapy Software Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The physical therapy software market size has grown strongly in recent years. It will grow from $24.56 billion in 2023 to $26.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increasing healthcare costs, focus on patient-centric care, integration of diagnostic tools, demand for outcome-based care, rising demand for remote healthcare.

The physical therapy software market size is expected to see strong growth in the next few years. It will grow to $34.87 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to continued professional development support, personalized treatment approaches, rise in mobile and cloud-based solutions, value-based care initiative, interoperability standards. Major trends in the forecast period include educational and training tools, emphasis on patient engagement, data security and compliance, integration and interoperability, focus on outcomes and analytics.

Market Overview -
Physical Therapy (PT) software is a component of EHR (Electronic Health Record) software that is designed for a variety of health professional services. It is utilized to provide seamless EHR record of patients during treatment of patients suffering from accidents, osteoporosis, and post-surgery treatment, and others.

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Impact Of Osteoporosis Prevalence On The Growth Of The Physical Therapy Software Market
The increasing prevalence of osteoporosis is expected to propel the growth of the physical therapy software market. Osteoporosis is a bone disease that occurs when bone mineral density and mass bone decline or when bone quality or structure changes. People who have a low calcium intake are more likely to develop osteoporosis. Physical therapy software helps patients with information on treatment plans, claims, invoices, or home exercise recommendations during their clinical process. For instance, in May 2022, according to statistics published by Amgen Inc., a US-based biotechnology company, states that every year, osteoporosis causes roughly 1.5 million fractures in the United States, resulting in $19 billion in associated costs. Furthermore, the annual number of fractures caused by osteoporosis is expected to rise by 68% from 2018 to 2040, i.e., from 1.9 million to 3.2 million. Therefore, an increase in the prevalence of osteoporosis will drive the physical therapy software market.

Competitive Landscape -
Major companies operating in the physical therapy software market report are MPN Software Systems Inc., Practice Pro, TherapySync, Optima Healthcare Solutions LLC, Meditab Software Pvt Ltd., Systems4PT, Net Health, Phydeo, Optimis Corp., My Rehab Pro, Yocale, WebPT, BioEx Systems Inc., Warburg Pincus LLC, DrChrono Inc., ClinicSource, NXGN Management LLC, MICA Information Systems Inc., Healigo, Practice Fusion Inc., Casamba LLC, CLINICIENT, Fusion Web Clinic, TheraOffice, Raintree Systems, Pearle Computer Services, 3D Practice, RehabMyPatient, Practice Perfect, SimplePractice

Integration Of Artificial Intelligence For Predicting Ehr-Based Clinical Outcomes In Physical Therapy Software
Incorporating artificial intelligence (AI) to predict EHR-based clinical outcomes has emerged as a key trend gaining popularity in the physical therapy software market. Artificial intelligence (AI) is a computer's robotic ability to perform tasks that would typically require human intelligence and judgment. AI is used in physical therapy software to analyze, display, and comprehend complex medical and healthcare data about patients in a way that simulates human behavior. For instance, In February 2021, Fujitsu Limited, a Japan-based information and communications technology equipment and services corporation, launched the AI-powered physical rehabilitation solution ""HOPE ROMREC"" in Japan. The technique uses a breakthrough AI technique to automatically quantify the range of motion of the shoulder and elbow joints from videos of patients' rehabilitation sessions, allowing data to be conveniently linked with electronic medical record systems. This solution eliminates the need for therapists to take notes and enter measurement values into the system, allowing measurement data to be recorded efficiently and promptly through the voice input function.

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Key Segments -
The physical therapy software market covered in this report is segmented -
1) By Terminal Type: PC Terminal, Mobile Terminal
2) By Deployment: On-Premise, Cloud
3) By Application: Hospitals, Clinics, Others Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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