Global Physical Therapy Market By Application (Orthopedic Therapy, Pediatric Therapy, And Others), By Demography (Geriatric And Non-Geriatric), By End-Use (Hospitals & Clinics, Community Centers, And Other) By Region And Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2023-2032

Report Overview

Global Physical Therapy Market size is expected to be worth around USD 49.0 Bn by 2032 from USD 27.0 Bn in 2022, growing at a CAGR of 6.3% during the forecast period from 2023 to 2032.

Physical therapy is an actual therapy that helps to reduce pain and aids in better movement or making weak muscles strong. Another important goals are to show patients to do their activities to advance their health. Furthermore, these activities are not only done in practice or hospital but also done at home by yourself. Moreover, it is also used on patients after procedures such as the replacement of joints and restoration of muscle from which the bodily part is immobilized for a long period. Therefore, medical improvements have advanced treatment and evaluation for physical disorders. Hence, it is expected to increase the market growth from 2023 to 2032.

Market Scope

Application Analysis

Orthopedic Therapy Segment is the Most Lucrative in the Global Physical Therapy Market

Based on application, the market for physical therapy is segmented into orthopedic therapy, pediatric therapy, general therapy, geriatric therapy, neurological therapy, and others application. Among these applications, the orthopedic therapy segment is the most lucrative in the global physical therapy market with a market share of 23% across the globe. Owing to the treatment of the musculoskeletal system is in high demand in the market. Musculoskeletal system includes tendons, muscles, bones, joints, and ligaments. Owing to the stoppage of functional mobility and motion and any issue in these regions can further make daily tasks hard to do. Geriatric physical therapy helps old people with their conditions. It helps to reduce pain and increase movement with various exercises and treatments. Moreover, some main issues are osteoporosis, arthritis, and chronic ailments. Orthopedic therapy and geriatric therapy are rising owing to the rising geriatric population.

Demography Analysis

Non-geriatric Segment is Estimated to be the Most Lucrative Segment

By demography, the physical therapy market is further divided into geriatric and non-geriatric. Among them, the non-geriatric segment is estimated to be the most lucrative segment in the global physical therapy market with a market share of 56% and is anticipated to grow during the forecasted period. Owing to increase in hospital stays of non-geriatric people is going to increase the non-geriatric market growth in the forecasted period. Moreover, non-geriatric patients are significantly adults with spinal cord issues across the globe. These are increased due to domestic or various accidents creating health issues.

End-Use Analysis

Hospitals & Clinics Segment is Estimated to be the Most Lucrative Segment

By end-use, the physical therapy market is further divided into hospitals & clinics, community centers, sports centers, convalescent homes, schools & sports academies, and other end-use. Among these, the hospitals & clinics segment is estimated to be the most lucrative segment in the global physical therapy market with a market share of 44%, and is anticipated to grow at a constant CAGR during the forecast period. Owing to a lot of patients and the installation of several programs by different hospitals. Moreover, hospitals and clinics are increasing medical facilities to a specific unit that concentrates on physical therapies or after-surgery recovery programs. Other segments are expected to grow at a rate of 9% CAGR during the forecast period.

Key Market Segments

Based on Application

• Orthopedic Therapy
• Pediatric Therapy
• General Therapy
• Geriatric Therapy
• Neurological Therapy
• Others Application

Based on Demography

• Geriatric
• Non-Geriatric

Based on End-Use

• Hospitals & Clinics
• Community Centers
• Sports Centers
• Convalescent Homes
• Schools & Sports Academies
• Other End-Use

Market Dynamics

Drivers

Development in the Healthcare Departments, the Increasing Age of Individuals, and the Rising number of Various People Suffering from Diseases are Driver of the Market

The market is expected to increase due to the increasing number of patients across the globe. Furthermore, development in the healthcare departments and making available several types of therapy to cure by facilities like private places, hospitals, and others. The increasing number of aged individuals and the rising number of various people suffering from diseases are anticipated to increase the market growth in the forecast period. Moreover, less treatment of cost for the rehabilitation of various physical therapy. Increasing collaborations and partnerships between several players are increasing market growth. The need for physical therapy is high in various schools and especially in the sports and fitness section.

Restraints

High Spending and High Cost Sports Related Medicine Are Giving Several Issues to Reduce Increase of the Market

High spending on physical therapy related to research and development which needs infrastructure, high cost attached price tag to sports-related medicine, and less knowledge about physical therapy are restraining the market growth. Moreover, lack of remuneration states and technology in various developing countries.

Opportunity

Sports Interest, Rising Awareness Are Opportunities

A lot of people are interested in sports that are spread across the globe. They are contributing to the market growth. Furthermore, it is the main reason for the market growth. Moreover, geriatric people are more common in outdoor and indoor settings due to the increasing number of older people rapidly. This gives rise to physical therapy. Rising awareness among the people about several advantages without any fewer issues or fewer side effects is expected to increase the market growth in the forecast period. Various individuals get physical therapy in several places such as outpatient clinics, hospitals, sports & fitness activities, private offices, and others.

Trends

Artificial Technology, Wearable Technologies, and Telerehabilitation are Some of the Trends

The high need for telerehabilitation, AI & ML assisted in physiotherapy, physical therapy reimbursement, wearable technologies, and patient safety concentration are some of the latest trends in the market. Advancing technology is important in the market hence, the need for investment in research and development is important.

Regional Analysis

North America is Estimated to be the Most Lucrative Market

Global physical therapy market based on region segmented into MEA, Latin America, North America, Europe, and APAC. In 2022, North America is dominating with a market of 39% and will likely grow at a high CAGR rate in the forecast period from 2023 to 2032. Owing to increasing various accidents & several issues, rising osteoporosis, and rising geriatric individuals. Moreover, the increasing number of hospitals and at-home care is increasing the market growth. Physical therapy need is expected to grow owing to diseases such as stroke, spinal injury, paralysis, etc. In the Asia-Pacific region, it is going to show the highest CAGR with 9% during the forecasted period from 2023 to 2032. Owing to rising to reimburse, increasing age of Individuals, and increasing cardiovascular, & musculoskeletal disorders in the APAC regional market.

 Key Regions 

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Key Players Analysis

Strong key players in the market are using strategies like mergers, collaborations, expansion, and acquisitions which are expected to increase competition in the market. These strategies are helping to grow its reach and quality in the market. Significant key players are adopting these strategies to help to improve their market and boost their business.

Listed below are some of the most prominent bio-based surface disinfectant industry players.

Market Key Players

• BTL
• Zimmer MedizinSysteme GmbH
• Whitehall Manufacturing
• Storz Medical AG
• RICHMAR
• Rehab Alternatives PLLC
• PIVOT Physical Therapy
• Performance Health
• ITO Co., Ltd.
• Enraf-Nonius B.V.
• EMS Physio Ltd.
• Dynatronics Corporation
• DJO LLC
• AmeriCare Physical Therapy
• Other Key Players

Recent Developments

• In Apr 2020, ATI Physical Therapy a private institution that is recognized in the US healthcare organization depending on the United States that specifically in outpatient rehabilitation and its related healthcare services, advanced an online or virtual physical therapy service.

Report Scope