According to Coherent Market Insights’ analyst, Global Physiotherapy Services Market is estimated to be valued at US$ 55.23 Bn in 2024. It is expected to exhibit a CAGR of 5.3% over the forecast period 2024-2031.
The growth of
the global physiotherapy services market is majorly attributed to the rising prevalence
of chronic diseases. It includes cardiovascular diseases, diabetes, cancer, and
respiratory diseases. According to the World Health Organization (WHO), chronic
diseases accounted for around 70% of all deaths worldwide in 2019.
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As per the U.S.
Census Bureau, the global geriatric population (aged 65 years or above) is
expected to reach 1.5 billion by 2050 from 703 million in 2019. The aged
population is more susceptible to musculoskeletal disorders which increases the
demand for physiotherapy services.
Market Trends Growing adoption
of evidence-based physiotherapy practices is one of the emerging trend that
drives market growth. Physiotherapists are adopting evidence-based practices to
ensure effectiveness and standardization of treatment procedures. For instance,
as per a study published in the Brazilian Journal of Physical Therapy in 2021,
over 90% of physiotherapists were using evidence-based practices in their
treatment approaches. Increasing use
of digital healthcare tools for physiotherapy treatments is also expected to
propel the market growth. Technologies such as telerehabilitation, virtual
reality, 3D motion sensors, and wearable sensors are being used by
physiotherapists to improve patients' accessibility and engagement in
rehabilitation programs. Global
Physiotherapy Services Market Report Coverage
Report
Coverage Details Market
Revenue in 2024 $55.23
billion Estimated
Value by 2031 $79.34
billion Growth
Rate Poised
to grow at a CAGR of 5.3% Historical
Data 2019–2023 Forecast
Period 2024–2031 Forecast
Units Value
(USD Million/Billion) Report
Coverage Revenue
Forecast, Competitive Landscape, Growth Factors, and Trends Segments
Covered By
Physiotherapy Type, By End User Population, By Service Providers Geographies
Covered North
America, Europe, Asia Pacific, and Rest of World Growth
Drivers •
Rising Prevalence of Chronic Diseases •
Growing ageing population Restraints
& Challenges •
High cost of physiotherapy services •
Lack of reimbursement policies
Market
Opportunities
Cardiopulmonary
physiotherapy segment is expected to be the dominant segment, accounting for
over 30% of the global market in 2024. This is due to the rising prevalence of
cardiovascular and pulmonary diseases worldwide. Physiotherapy plays a key role
in the treatment and management of various heart and lung conditions. These
conditions include heart failure, chronic obstructive pulmonary disease (COPD),
and asthma. It helps improve cardiorespiratory endurance, muscle strength,
flexibility, and overall functionality of patients suffering from these
diseases.
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The geriatric
population segment is anticipated to witness the highest growth during the
forecast period. This is attributed to the growing aging population with mobility
issues, musculoskeletal disorders, and age-related health conditions requiring
physiotherapy. According to the UN, the population aged 60 years and above is
expected to reach nearly 2.1 billion by 2050 from 1 billion in 2020.
Physiotherapy can help improve balance and coordination, manage pain, and
enhance quality of life for the elderly.
Key Market
Takeaways The global
physiotherapy services market is anticipated to witness a CAGR of 5.3% during
the forecast period 2024-2031. This is owing to the increasing prevalence of
chronic diseases and rise in sports and accident-related injuries globally.
On the basis of
physiotherapy type, cardiopulmonary physiotherapy segment is estimated to account
for over 30% of the market share in 2024. This is due to the increasing burden
of cardiovascular and pulmonary disorders.
On the basis of
end user population, the paediatrics segment is expected to be the dominant segment
over the forecast period. This is owing to the active participation of kids in
sports activities.
On the basis of
service providers, hospitals segment is expected to hold the major market share
during the forecast period. This is due to the growing number of physiotherapy
departments being set up in hospitals.
North America is
expected to hold a dominant position over the forecast period owing to advanced
healthcare infrastructure and rising healthcare expenditure.
Competitor Insights - 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
Recent Developments:
In November
2022, Movement Solutions announced the addition of mobile physiotherapy to its
offering. Movement Solutions is a pioneer in physiotherapy service provider,
remedial massage, and movement classes.
In January 2022,
Pure Physiotherapy announced that it would establish a new Rochdale facility on
February 21, 2022. Pure Physiotherapy is a clinically-les physiotherapy
company.
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Detailed Segmentation: By Physiotherapy Type: By End User Population: By Service Providers: By Region:
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