by Physiotherapy services involve physical therapy interventions and treatments to help patients improve movement and manage pain. These services play a vital role in improving mobility and reducing disability in patients suffering from musculoskeletal conditions and other injuries. Physiotherapy utilizes physical techniques such as exercises, massage, and physical modalities like thermotherapy, electrotherapy and cryotherapy to treat musculoskeletal problems, sports injuries, neurological conditions, cardiac and pulmonary diseases. Physiotherapy services aim to enhance physical and functional abilities relative to the work and leisure through educated evaluation and the implementation of treatment plans established to restore function, improve mobility, relieve pain, and prevent or limit permanent physical disabilities.
The Global Physiotherapy Services Market is estimated to be valued at US$ 55.23 Bn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Global Physiotherapy Services market are ProRehab Physical Therapy, Physiotherapy Associates, Encompass Health, Upright Health, Select Medical Corporation, Rehacare, Celtic Healthcare, ATI Physical Therapy, GymnaUniphy, The Movement Clinic, Fyzical, Aspetar, Athletico Physical Therapy, Physitrack, Apollo Hospitals Enterprise Ltd. Key players are focusing on expansion strategies and partnerships to strengthen their market presence.
The key opportunities in the market include increasing awareness about Global Physiotherapy Services Market Growth and its benefits. The growing geriatric population suffering from mobility issues also present opportunities for service providers. Further, the increasing prevalence of chronic diseases like musculoskeletal disorders and cardiac conditions requiring physical rehabilitation also present lucrative growth prospects.
The market is witnessing rapid global expansion driven by growth in emerging economies with large patient pools and increasing healthcare expenditure. Several leading players are entering developing markets in Asia Pacific and Latin America through acquisitions and Greenfield projects to tap the high growth opportunities.
Market drivers
Rising geriatric population is one of the major drivers propelling growth of the physiotherapy services market. As per WHO, the number of people aged 60 years and older is expected to double from current 12% to 22% by 2050. The elderly population is more susceptible to mobility issues, injuries and chronic diseases requiring physiotherapy for treatment and management. This growing geriatric demographic will significantly drive demand for physiotherapy services in the coming years.
PEST Analysis
Political: Physiotherapy services are regulated by government policies relating to certification of physiotherapists and treatment guidelines. Regulatory changes could impact market dynamics.
Economic: Growth in the global economy impacts healthcare spending levels which drives demand for physiotherapy services among patients. Higher incomes increase affordability and utilization rates.
Social: Aging populations and growing incidence of chronic diseases and lifestyle conditions like obesity drive social need for physiotherapy services. Convenience and accessibility influence choices for such services.
Technological: Use of virtual/digital tools for remote consultation and treatment monitoring as well as advanced equipment aids in boosting treatment efficacy. Technologies help expand reach into new geographies.
Geographical Concentration
In terms of value, North America represents the largest regional market for physiotherapy services globally due to developed healthcare infrastructure and systems in countries like the US. Growing healthcare costs have prioritized preventive care through services such as physiotherapy.
Fastest Growing Region
The Asia Pacific region is poised to record the fastest growth in the global physiotherapy services market over the forecast period supported by improving standards of living, rapid economic development and expansions underway in healthcare capacity and coverage across developing nations. Steep population increases combined with delayed effects of urbanization and lifestyle changes on health present a solid demand base.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
