Overview and Scope
Physical therapy rehabilitation refers to the systematic process of restoring function, mobility, and strength to individuals recovering from injury, illness, or surgery. Physical therapists use specialized exercises, manual therapy, and other treatments to improve patients’ general well-being and help them regain independence in their everyday lives.
Sizing and Forecast
The physical therapy rehabilitation market size has grown strongly in recent years. It will grow from $22.97 billion in 2023 to $25.17 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to increased awareness of preventive healthcare, technological advancements, aging population, rising incidence of chronic diseases, and expanding insurance coverage.
The physical therapy rehabilitation market size is expected to see strong growth in the next few years. It will grow to $36.44 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to healthcare demand, technological advancements, aging population, insurance coverage, and regulatory changes. Major trends in the forecast period include growing demand for telerehabilitation services due to pandemic-induced restrictions on in-person visits, increasing integration of AI and wearable tech, expanding geriatric population, rise in sports injuries, and emphasis on preventive care and wellness.
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Segmentation & Regional Insights
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
North America was the largest region in the physical therapy rehabilitation market in 2023. 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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Major Driver Impacting Market Growth
The rising number of accidents and injury cases is expected to propel the physical therapy rehabilitation market going forward. The surge in the number of accidents and injury cases is due to distracted driving, inadequate safety measures, and heightened risk-taking behavior. Physical therapy rehabilitation is crucial in aiding recovery and restoring mobility for individuals involved in accidents and injury cases. For instance, in October 2023, according to a report by the European Commission, a Belgium-based part of the executive of the European Union, there were 20,640 deaths on EU roads last year, marking a 4% increase compared to 2021 as traffic levels recovered after the pandemic. Therefore, the rising number of accidents and injury cases is driving the growth of the physical therapy rehabilitation market.
Key Industry Players
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
The physical therapy rehabilitation market report table of contents includes:
1. Executive Summary
2. Physical Therapy Rehabilitation Market Characteristics
3. Physical Therapy Rehabilitation Market Trends And Strategies
4. Physical Therapy Rehabilitation Market – Macro Economic Scenario
5. Global Physical Therapy Rehabilitation Market Size and Growth
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32. Global Physical Therapy Rehabilitation Market Competitive Benchmarking
33. Global Physical Therapy Rehabilitation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Physical Therapy Rehabilitation Market
35. Physical Therapy Rehabilitation Market Future Outlook and Potential Analysis
36. Appendix
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