The physical therapy software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Physical Therapy Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The physical therapy software market size has grown strongly in recent years. It will grow from <b>$24.56 billion in 2023 to $26.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. </b> 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 <b>$34.87 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. </b> 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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Scope Of Physical Therapy Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Physical Therapy Software Market Overview
Market Drivers –
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.
Market Trends –
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.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Physical Therapy Software Market characterstics
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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