by Physiotherapy services provide treatment and rehabilitation for chronic injuries and physical problems through non-invasive techniques such as exercise, massage, hot/cold therapies, electrotherapies and manual techniques. Physiotherapists help patients recover their physical abilities and manage pain after injuries or surgeries like joint replacements, fractures, strokes and spinal injuries.
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 emergence of telehealth and digital physiotherapy solutions are expected to open new opportunities for players to reach more customers and drive market growth.
Globally, physiotherapy service providers are expanding into new regions through collaborations with hospitals, clinics and rehabilitation centers. For example, Select Medical Corporation expanded into Southeast Asia through partnerships with major hospitals in Thailand and Philippines. Key players are also focusing on mergers and acquisitions to broaden their service offerings and geographic presence.
Market drivers
The global physiotherapy services market is mainly driven by the rising prevalence of chronic diseases and injuries globally. According to the World Health Organization (WHO), more than 1.5 billion people suffer from some form of musculoskeletal condition worldwide. The increasing geriatric population is also prone to mobility issues, arthritis, joint pains which is expected to boost demand for physiotherapy services over the forecast period. The market is also witnessing increased uptake of digital physiotherapy solutions during the pandemic through telehealth and home-based rehabilitation models which enabled continuity of care.
PEST Analysis
Political: Physiotherapy services are regulated by government policies related to healthcare services. Regulations related to licensing, standards of practice etc. help maintain quality of services.
Economic: Changes in spending power and demand for quality healthcare impacts utilization of physiotherapy services. Cost of treatments plays a role in access and adoption rates.
Social: Growing health awareness, willingness to adopt preventive healthcare and focus on active lifestyles are driving the demand for physiotherapy services. Ageing population also contributes as elderly are more prone to physical ailments.
Technological: Technologies like therapeutic robots, virtual reality, mobile apps are enhancing physiotherapy. Digital tools help assess patients remotely, deliver home-based therapies and expand access through telehealth. Wearables also assist monitoring recovery and progress.
North America accounts for the largest value share in the global physiotherapy services market led by developed healthcare infrastructure and awareness levels in countries like the US and Canada. Growing prevalence of chronic diseases and ageing population contribute to regional growth.
Asia Pacific is expected to be the fastest growing regional market for physiotherapy services over the forecast period supported by factors like rising healthcare spending, increasing incidence of lifestyle diseases and development of modern medical facilities in developing economies.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
