Physiotherapy Services Market: Global Industry Forecast (2022-2029) by Application, Mode of Treatment, Type, End User, and Region

Physiotherapy Services Market size was valued at USD 50.28 Bn. in 2021 and the total Physiotherapy Services revenue is expected to grow by 5.8% from 2022 to 2029, reaching nearly USD 78.94 Bn.

Physiotherapy Services Market Overview:

Physical therapists give services to people and groups to help them acquire, maintain, and regain optimum mobility and functional ability throughout their lives. The service is offered in situations where movement and function are jeopardized due to age, injury, pain, illnesses, disorders, conditions, and/or environmental variables, with the notion that functional movement is important to what it means to be healthy. Physical therapy is a collaborative process that involves the physical therapist, patients/clients, other health professionals, families, caregivers, and communities in which movement potential is examined/assessed and goals are established using knowledge and skills unique to physical therapists. Physical therapists are concerned with identifying and optimizing the quality of life and mobility potential through promotion, prevention, treatment/intervention, and rehabilitation. These areas of well-being include physical, psychological, emotional, and social well-being. Physiotherapy Services Market  

Physiotherapy Services Market Dynamics:

Rising demand for Physiotherapy Centers

The primary aim of physiotherapy and rehabilitation therapies is to enhance strength and mobility while avoiding complications. If a person has fallen, a physiotherapist may advise utilizing walking aids and an exercise program to enhance balance and strength. Rehabilitation can also aid with stamina management for those suffering from asthma, chronic fatigue syndrome, or recovering from major surgery. With increased access to more advanced medical, emergency, and trauma treatment, physiotherapy-based rehabilitative care is gaining relevance internationally. Rehabilitation care is an essential component of treatment for patients who have or are at risk of having short/long-term disability as a result of accidents or disease. Integrating rehabilitation therapy within the healthcare continuum has helped both patients and caregivers tremendously. Healthcare providers may satisfy value-based care criteria by lowering patient admission time with improved treatment and faster patient recovery. Similarly, patients can assure the best results for medical and surgical procedures. As a result, many healthcare facilities are including rehabilitation therapy within their care continuum. As a result, there is also a greater need for rehabilitation equipment and, indirectly, physiotherapy equipment.  

Uncertain physiotherapy reimbursement situation

Changes in the healthcare insurance policy and coverage have a significant impact on individuals' out-of-pocket spending. This may result in service variations and a reduction in care quality. The disparity in coverage across and among government and commercial payers frequently forces patients to pay out of cash. Patients may be required to pay a co-pay, co-insurance, facility fees, and a large deductible until co-insurance kicks in. Co-pays for various physiotherapy treatments might be rather costly. The accompanying expenditures might restrict patients’ access to therapies, leading to cases when patients do not obtain therapy. Some patients, on the other hand, may be unable to return to work or engage in regular activities. Patients are also subjected to arbitrary annual visit restrictions that do not correspond to the initial diagnostic or severity criteria, resulting in variations in rehabilitation progress and consequences. As a result, most patients exceed their insurance benefit restrictions for obtaining therapy, and out-of-pocket paying is the only choice if people choose to continue receiving services. As a result, variations in coverage would restrict the overall growth of the market.  

Acupuncture acts as an Alternative therapy

Acupuncture is widely used and recognized throughout the medical profession as a feasible alternative to physical therapy owing to various advantages, such as high patient compliance and low cost. As part of physiotherapy management, many physiotherapists provide acupuncture as a therapeutic option. Acupuncture may be recommended for several ailments. It is frequently used as a supplement in the treatment of acute and chronic injuries, back and neck pain, muscle and joint issues, nerve discomfort, headaches and migraines, and sports injuries. Because of its wide variety of advantages and inexpensive prices, many patients prefer acupuncture to alternative physiotherapy treatments, which affects market growth to some extent.

Physiotherapy Services Market Segment Analysis:

By Mode of Treatment, the Manual Therapy segment is expected to hold the largest market share and dominate the market at the end of the forecast period. Manual therapy is personalized to each patient's specific needs, making it a highly individualized treatment option. Manual therapy is included in a patient's treatment plan based on a thorough analysis of their ailment and their body's demands. Manual Therapy is one of the most often utilized therapeutic approaches for the treatment of pain and musculoskeletal diseases. Manual therapy helps a patient to benefit from a combination of art and science because it is very hands-on. Each patient can create successful movement patterns and progress toward their specific health objectives by utilizing several strategies When it comes to treating patients, physical therapists and hand therapists use a variety of strategies, each of which is effective in its way. Massage, for example, may relieve inflammation, improve muscle and fascial flexibility and mobility, increase the mobility of adhesions between soft tissues, or give muscle extensibility, depending on the patient and condition. Similarly, joint mobilization and manipulation reduce discomfort and increase mobility. Manual therapy is performed in conjunction with physical training to help the treated area and the overall body regains function. Physiotherapy Services Market Musculoskeletal (MSK) pain issues are the leading cause of global and a significant socioeconomic burden. However, there is little guidance to help primary care providers implement non-pharmacological treatments like manual therapy in addition to, or instead of, pharmacological treatment. This tool is intended to boost primary care providers' confidence in executing an evidence-based multimodal pain management program that includes patient education, exercise, and manual treatment. It will assist providers in referring patients for manual treatment by a chiropractor, physiotherapist, or registered massage therapist (RMT), as well as in assessing patient results. By Application, the Orthopaedic Physical Therapy and Geriatric Physical Therapy segments are expected to grow rapidly at a CAGR of 4.5% and 4.9% during the forecast period. Physical treatment for the musculoskeletal system is known as orthopedic physical therapy. Tendons, ligaments, muscles, bones, and joints make up the musculoskeletal system. Due to restricted functional mobility and range of motion, any injury to these areas could make day-to-day tasks uncomfortable. Orthopedic physical therapy is used to help you recover from your injury and address any discomfort you may be experiencing. Orthopaedic Physical Therapy provides many benefits such as improved mobility, avoiding surgery, and reducing/eliminating pain. Physiotherapy Services Market Geriatric physical therapy is a sort of physical therapy that is used to treat diseases associated with old age. In general, it tries to alleviate pain and improve mobility using a range of exercises and treatments. Arthritis, osteoporosis, and chronic ailments mostly affect our elderly. Geriatric physical therapists have a great lot of responsibility for the physical health and comfort of our grandparents and the elderly. The demand for Orthopedic Physical Therapy and Geriatric physical therapy is growing due to the growing senior population, which is more vulnerable to mobility disabilities and joint impairments due to bone fragility. The benefits of geriatric physiotherapy in solving, preventing, treating, and managing a variety of conditions are well-established. It's particularly useful for Pain relief: Physiotherapy can help relieve discomfort in the neck, back, and joints, which are common in seniors. By type, the Ultrasound segment dominated the physiotherapy service market with a share of 41.7% in 2021 and is expected to grow at a high CAGR during the forecast period. Ultrasound treatment accelerates recovery by lowering swelling and edema. Manufacturers are contributing to segment growth through regulatory approval and the launch of novel goods. For example, in December 2016, BTL got FDA approval for its BTL-4000 Smart and Premium line, which is intended to treat musculoskeletal diseases. In 2021, the thermoelectric stimulation segment held the second-largest market share. Electrical stimulation treatment is mostly used to treat neurological illnesses including stroke, cerebral palsy, multiple sclerosis, and Parkinson's disease. Companies that make functional electrical stimulators include Ottobock, Bioness, and WalkAide. The increased prevalence of pain and neurological illnesses would drive segment growth. Physiotherapy Services Market Hydrotherapy is the use of water's mechanical and thermal therapeutic qualities to treat conditions such as muscular swelling, stress, depression, and arthritis. Showers and baths, sitz baths, foot baths, steam inhalation, cold mitten friction rub, alternating cold & hot compresses, body wraps, salt glow, and wet sheet packs are currently accessible hydrotherapy treatments. Increased awareness and an increase in the number of hydrotherapy providers are expected to drive market growth.

Physiotherapy Services Market Regional Insights:

North America region dominated the market with the highest market share of about 38% in 2021 and is expected to maintain its dominance at the end of the forecast period for the Physiotherapy Services Market. The rise in chronic diseases such as cardiovascular disease and neurological disease among the senior population is expected to be the most significant driver for the growth of the North American region market during the forecast period. Other key factors include a growing patient pool, a high standard of treatment, rising healthcare costs, and favorable government efforts in this region. In addition, the factors driving regional growth are an increase in accidents and mishaps, an increase in osteoporosis, and an increase in the senior population. The presence of numerous hospitals and home care providers for the aging population is also increasing market growth. The increased prevalence of chronic disorders such as Parkinsonism, stroke, paralysis, and spinal injuries is also expected to drive market growth for physiotherapy. According to a 2020 poll done in the United States by the National Center for Health Statistics, 53.4% of persons aged 18 and older felt pain from any muscle, joint, or bone, with lower back pain being the most frequent, affecting 29.8% of the participants. The U.S. market is expected to grow significantly during the forecast period. According to the Federation of State Boards of Physical Therapy statistics that are based on the population of the United States as of 2019, there were 312,716 licensed physical therapists and 127,750 licensed physical therapist assistants. There are 95 physical therapists per 100,000 persons and 39 physical therapist assistants per 100,000 individuals. The availability of significant Physical Therapists in the U.S. makes the service easily available to the end-users. In addition, the growth of rehabilitation centers' facilities and the growing prevalence of disabilities are driving the growth of the Physiotherapy services market. Physiotherapy Services Market The Asia Pacific is expected to grow rapidly with a CAGR of 4.9% during the forecast period. Improving reimbursement scenarios for physical therapy, an aging population, and an increase in the frequency of degenerative neurological, cardiovascular, pulmonary, and musculoskeletal disorders are expected to drive the Asia Pacific market. In addition, increased awareness of these treatments' ability to enhance the quality of life of patients with functional limitations, particularly under postoperative circumstances, is driving the market growth. Countries such as China, India, and Japan are expected to drive demand for physiotherapy equipment. The modern Chinese healthcare system has grown by incorporating both traditional Chinese medicine and Conventional medical. China is the only country in the world with more physicians than nurses, but education programs for other health professions, such as physical therapy, have been slow to emerge. In the instance of physical therapy, it was not until China won the bid for the Olympic Games that authorization to construct the first physical therapy program was granted. Since then China has undergone a period of rapid economic growth enabling many people to have a higher standard of living and improved health, but at the same time the country is faced with massive urbanization, industrialization, increasing environmental health threats, increased health disparities, and an aging population. With the support of the Chinese Association of Rehabilitation Medicine, increased investment by the Government in public health and rehabilitation, and engagement of international education experts, entry-level education programs for physical therapy have started to develop and there are now nine which are modeled, at least to some extent, on the World Confederation for Physical Therapy's international guidelines. Since then, China has experienced rapid economic growth, allowing many people to enjoy a higher standard of living and better health, but the country is also dealing with massive urbanization, industrialization, rising environmental health threats, increased health disparities, and an aging population. With the support of the Chinese Association of Rehabilitation Medicine, increased government investment in public health and rehabilitation, and the involvement of international education experts, entry-level physical therapy education programs have begun to develop, and there are nine of them that are modeled, at least in part, on the World Confederation for Physical Therapy's international guidelines.

Physiotherapy Services Market Scope: Inquiry Before Buying

Global Physiotherapy Services Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 50.28 Bn.
Forecast Period 2022 to 2029 CAGR: 5.8% Market Size in 2029: US $ 78.94 Bn.
Segments Covered: by Application • Orthopaedic Physical Therapy • Geriatric Physical Therapy • Neurological Physical Therapy • Cardiopulmonary and Pulmonary Physical therapy • Others
by Mode of Treatment • Exercise • Manual Therapy • Specialized Treatments • Relaxation Techniques • Posture Correction Methods
by Type • Hydrotherapy • Cryotherapy • Ultrasound • Electric Stimulation • Heat Therapy
by End User • Hospitals • Private practices • Outpatient Clinics • Sports and Fitness facility Centers • Others

Physiotherapy Services Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Physiotherapy Services Market Key Players

Ameri Care Physical Therapy • Meier & Marsh Physical Therapy • Rehab Alternatives • FullMotion Physical Therapy • Elam Sports Oahu • Minsu's Healing Oasis • Apollo Hospitals Enterprise Ltd. • Willis Street Physiotherapy • BTL Industries • DJO Global • EMS Physio • Zynex Medical Inc. • Enraf-Nonius BV • Patterson Medical • RICHMAR • Performance Health • Storz Medical AG • Zimmer MedizinSysteme GmbH • ITO Co., Ltd. • Whitehall Manufacturing Frequently Asked Questions: 1] Which region is expected to hold the highest share in the Physiotherapy Services Market? Ans. North America is expected to hold the highest share in the Physiotherapy Services Market. 2] Who are the top key players in the Physiotherapy Services Market? Ans. AmeriCare Physical Therapy, Meier & Marsh Physical Therapy, Rehab Alternatives, FullMotion Physical Therapy, Elam Sports Oahu, and Minsu's Healing Oasis are the top key players in the Physiotherapy Services Market. 3] Which segment holds the largest market share in the Physiotherapy Services market by 2029? Ans. Manual Therapy segment hold the largest market share in the Physiotherapy Services Market by 2029. 4] What is the market size of the Physiotherapy Services market by 2029? Ans. The market size of the Physiotherapy Services Market is expected to reach US $ 78.94 Bn. by 2029. 5] What was the market size of the Physiotherapy Services market in 2021? Ans. The market size of the Physiotherapy Services Market was worth US $ 50.28 Bn. in 2021.
1. Global Physiotherapy Services Market: Research Methodology 2. Global Physiotherapy Services Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Physiotherapy Services Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Physiotherapy Services Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Physiotherapy Services Market Segmentation 4.1 Global Physiotherapy Services Market, by Application (2021-2029) • Orthopaedic Physical Therapy • Geriatric Physical Therapy • Neurological Physical Therapy • Cardiopulmonary and Pulmonary Physical therapy • Others 4.2 Global Physiotherapy Services Market, by Mode of Treatment (2021-2029) • Exercise • Manual Therapy • Specialized Treatments • Relaxation Techniques • Posture Correction Methods 4.3 Global Physiotherapy Services Market, by Type (2021-2029) • Hydrotherapy • Cryotherapy • Ultrasound • Electric Stimulation • Heat Therapy 4.4 Global Physiotherapy Services Market, by End User (2021-2029) • Hospitals • Private practices • Outpatient Clinics • Sports and Fitness facility Centers • Others 5. North America Physiotherapy Services Market (2021-2029) 5.1 North AmericaPhysiotherapy Services Market, by Application (2021-2029) • Orthopaedic Physical Therapy • Geriatric Physical Therapy • Neurological Physical Therapy • Cardiopulmonary and Pulmonary Physical therapy • Others 5.2 North America Physiotherapy Services Market, by Mode of Treatment (2021-2029) • Exercise • Manual Therapy • Specialized Treatments • Relaxation Techniques • Posture Correction Methods 5.3 North America Physiotherapy Services Market, by Type (2021-2029) • Hydrotherapy • Cryotherapy • Ultrasound • Electric Stimulation • Heat Therapy 5.4 North America Physiotherapy Services Market, by End User (2021-2029) • Hospitals • Private practices • Outpatient Clinics • Sports and Fitness facility Centers • Others 5.5 North America Physiotherapy Services Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Physiotherapy Services Market (2021-2029) 6.1. EuropePhysiotherapy Services Market, by Application (2021-2029) 6.2. EuropePhysiotherapy Services Market, by Mode of Treatment (2021-2029) 6.3. Europe Physiotherapy Services Market, by Type (2021-2029) 6.4. EuropePhysiotherapy Services Market, by End User (2021-2029) 6.5. EuropePhysiotherapy Services Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Physiotherapy Services Market (2021-2029) 7.1. Asia Pacific Physiotherapy Services Market, by Application (2021-2029) 7.2. Asia Pacific Physiotherapy Services Market, by Mode of Treatment (2021-2029) 7.3. Asia Pacific Physiotherapy Services Market, by Type (2021-2029) 7.4. Asia Pacific Physiotherapy Services Market, by End User (2021-2029) 7.5. Asia Pacific Physiotherapy Services Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. South AmericaPhysiotherapy Services Market (2021-2029) 8.1. South AmericaPhysiotherapy Services Market, by Application (2021-2029) 8.2. South AmericaPhysiotherapy Services Market, by Mode of Treatment (2021-2029) 8.3. South AmericaPhysiotherapy Services Market, by Type (2021-2029) 8.4. South AmericaPhysiotherapy Services Market, by End User (2021-2029) 8.5. South AmericaPhysiotherapy Services Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 9. Middle East and Africa Physiotherapy Services Market (2021-2029) 9.1 Middle East and Africa Physiotherapy Services Market, by Application (2021-2029) 9.2. Middle East and Africa Physiotherapy Services Market, by Mode of Treatment (2021-2029) 9.3. Middle East and Africa Physiotherapy Services Market, by Type (2021-2029) 9.4. Middle East and Africa Physiotherapy Services Market, by End User (2021-2029) 9.5. Middle East and Africa Physiotherapy Services Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 10. Company Profile: Key players 10.1. AmeriCare Physical Therapy 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Meier & Marsh Physical Therapy 10.3. Rehab Alternatives 10.4. FullMotion Physical Therapy 10.5. Elam Sports Oahu 10.6. Minsu's Healing Oasis 10.7. Apollo Hospitals Enterprise Ltd. 10.8. Willis Street Physiotherapy 10.9. BTL Industries 10.10. DJO Global 10.11. EMS Physio 10.12. Zynex Medical Inc. 10.13. Enraf-Nonius BV 10.14. Patterson Medical

About This Report

Report ID 87625
Category Healthcare
Published Date Sept 2022
Updated Date
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