Physical Therapy Market Size, Demand, Growth Factors And Trends, Forecast 2033

The new report published by The Business Research Company, titled ""Physical Therapy Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the physical therapy market size has grown strongly in recent years. It will grow from $25.95 billion in 2023 to $27.89 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The physical therapy market size is expected to see strong growth in the next few years. It will grow to $35.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.

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Increasing Musculoskeletal Disorders Fuels The Growth Of The Market
Increasing musculoskeletal disorders are expected to propel the growth of the physical therapy market going forward. Musculoskeletal disorders (MSDs) are a group of medical conditions that affect the muscles, bones, tendons, ligaments, and other parts of the musculoskeletal system. Physical therapy is essential in the prevention, treatment, and management of MSDs, as it focuses on education, ergonomics training, workplace safety modifications, on-site treatment, and return-to-work programs. For instance, in July 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, approximately 1.71 billion people have musculoskeletal conditions worldwide. Furthermore, in May 2022, according to the Office for Health Improvement and Disparities, a UK-based government organization, the prevalence of people aged 16 and over self-reporting a long-term musculoskeletal (MSK) condition, was 17.0% in 2021 and the prevalence of adults self-reporting a long-term MSK condition showed an increase with age, from 2.3% among 16 to 24-year-olds to 50.3% among those aged 85 years and over. Therefore, increasing musculoskeletal disorders is expected to propel the growth of the physical therapy market.

Increasing Focus On Use of Technology-based Physiotherapy To Drive The Revenues
Major companies operating in the physical therapy market are focused on developing technologies, such as Luna protocols capability to improve the quality and standardization of care. Luna Protocols enable therapists to ensure that all patients are on track to complete their recovery and proactively notify the surgeon's team of timely clinical escalations. For instance, in April 2021, Luna Physical Therapy, a US-based on-demand physical therapy company, launched Luna Protocol's innovative capabilities for orthopedic groups to standardize the quality of outpatient physical therapy. The new Luna Protocols capability aims to provide outpatient physical therapy at home, matching patients with therapists based on specialty, geography, schedules, and other factors. This allows patients to receive in-person care at the time and location of their choosing, ensuring ongoing coaching and the same therapist for each visit to track the patient's progress over time.

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 Acadamies, Other End-Uses

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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.

Contents of the report:
1. Executive Summary
2. Physical Therapy Market Report Structure
3. Physical Therapy Market Trends And Strategies
4. Physical Therapy Market - Macro Economic Scenario
5. Physical Therapy Market Size And Growth
…..
27. Physical Therapy Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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