Overview and Scope
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.
Sizing and Forecast
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..
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Segmentation & Regional Insights
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
Top Major Players:
MPN Software Systems Inc
Practice Pro
TherapySync
Optima Healthcare Solutions LLC
Meditab Software Pvt Ltd
North America was the largest region in the physical therapy software market in 2023.
North America was the largest region in the physical therapy software market in 2023. The regions covered in the physical therapy software 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 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.
Key Industry Players
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
The physical therapy software market report table of contents includes:
1. Executive Summary
2. Physical Therapy Software Market Characteristics
3. Physical Therapy Software Market Trends And Strategies
4. Physical Therapy Software Market – Macro Economic Scenario
5. Global Physical Therapy Software Market Size and Growth
…
31. Global Physical Therapy Software Market Competitive Benchmarking
32. Global Physical Therapy Software Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Physical Therapy Software Market
34.Physical Therapy Software Market Future Outlook and Potential Analysis
35. Appendix
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