by Physiotherapy services refer to treatments done to alleviate pain, prevent injuries and improve mobility. It involves applying various physical methods such as exercises, massage, heat treatment and electrotherapy. There has been a rise in chronic illnesses globally due to unhealthy lifestyle and obesity which has surged the demand for physiotherapy services. These services help in relieving pain, improving movement and managing conditions like arthritis, back pain, sports injuries and post-surgical rehabilitation. The growing geriatric population suffering from limited mobility and joint disorders has fuelled the need for physiotherapy.
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 Growth 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.
The key opportunities in the market include growing demand for sports physiotherapy and increasing focus on aquatic physiotherapy. There is a rise in sports-related injuries due to increase in sports participation which has opened avenues for sports physiotherapists. Aquatic physiotherapy is also gaining traction due to advantages like decreased pain and increased mobility in water.
Globally, the demand for physiotherapy is expanding across regions. Asia Pacific is emerging as a lucrative market due to growing health awareness, establishment of multi-specialty hospitals and increase in healthcare expenditure. Europe dominates the global market owing to high preference for non-surgical treatments, supportive reimbursement policies and presence of major market players.
Market drivers
Rise in geriatric population globally has majorly driven the physiotherapy services market. Older people are more prone to limited mobility and musculoskeletal disorders which increases the need for physiotherapy techniques like exercises and manual manipulation to improve flexibility. This has significantly boosted the growth of the physiotherapy market over the years.
PEST Analysis
Political: Physiotherapy services are regulated by government policies and guidelines. Regulations determine requirements for qualifications, licensure and practice standards of physiotherapists.
Economic: Changes in economic conditions influence demand for physiotherapy. During recessions, individuals may delay treatment due to cost or loss of insurance coverage. However, aging populations in developed nations continue supporting demand.
Social: Societal focus on health, wellness and disease prevention increases acceptance of physiotherapy. People seek physiotherapy for various lifestyle-related conditions to improve quality of life. Growth in health awareness and focus on rehabilitation benefit the industry.
Technological: Digital innovations aid patient management and treatment delivery. Technologies like virtual reality, telehealth and smart equipment enhance engagement and outcomes. Wearable sensors collect data for remote monitoring, improving access in remote areas.
Geographical regions:
The global physiotherapy services market is dominated by developed regions due to advanced healthcare infrastructure and higher spending ability of consumers. North America holds the largest share of the global market owing to significantly high demand from the United States. This can be attributed to increasing incidence of chronic diseases among the growing geriatric population as well as favorable reimbursement policies for physical therapy in the country. Europe is the second largest regional market led by countries like Germany, the United Kingdom and France. In terms of growth, Asia Pacific region is expected to witness highest CAGR during the forecast period supported by expanding medical tourism industry along with growing health awareness in developing countries like China, India and South Korea.
Fastest growing region:
The Asia Pacific region has emerged as the fastest growing market for physiotherapy services globally. Countries like India, China, Japan, South Korea and Australia are major contributors to the regional expansion. Factors such as growing medical tourism industry, increasing healthcare expenditure, rapid urbanization and rising prevalence of lifestyle diseases are fueling market growth. In India, favorable policies have been promoting private investments in healthcare delivery. The Indian medical tourism sector has been attracting international patients with quality services at relatively lower costs. This has positively impacted the development of specialized physiotherapy facilities. Moreover, rising purchasing power, health consciousness and need for rehabilitation are driving domestic demand across Asia. Constant government initiatives for modernizing healthcare infrastructure will further support market revenues through 2031.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
