Global Physical Therapy Rehabilitation Market 2024 - Business Opportunities, Industry Growth, Regional Analysis And Forecast To 2033
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
....................................
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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