Physical Therapy Services Market Size & Share, by Type (Pediatrics, Adults, Elderly); Application (Orthopedic, Geriatric, Neurological, Cardiopulmonary and Pulmonary) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 6146
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025 - 2037

Physical Therapy Services Market size was over USD 129.74 billion in 2024 and is poised to exceed USD 247.69 billion by 2037, witnessing over 5.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of physical therapy services is evaluated at USD 135.03 billion.

The market growth is attributed to the rising cases of chronic diseases and an increasing number of sports injuries which have increased the demand for physical therapy services. According to a recent report, almost half of the U.S. population, or 133 million Americans are living with at least one chronic condition and 40% of adults suffer from two or more.


Physical Therapy Services Market overview
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Physical Therapy Services Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing preference towards physical therapy services for pain management - The growing side effects of traditional medication therapies have increased the demand for physical therapy services. Several side effects of medication therapies include overdose- related deaths due to opioids and misuse of prescriptions. Moreover, increasing awareness about the benefits of physical therapy for pain management solutions has popularized the therapy services among people. According to a source, over 50 million Americans seek physical therapy services each year. Additionally, the aging population which is mostly suffering from chronic diseases needs physical therapy services that further boost its market growth.
  • Increasing awareness about preventive care and wellness -Due to the changing lifestyles and eating habits, cardiovascular diseases, obesity, and diabetes are rising which have increased the need for preventive care and wellness. According to WHO, about 16% of adults aged 18 years and older worldwide were obese in 2022. Furthermore, people are becoming aware of healthy lifestyles and adopting physical therapies and lifestyle counseling. The prevention of diseases is only possible through implementing preventive care physical therapies and this is predicted to increase the market size of physical therapy services.
  • Adoption of advanced technology in physical therapy - The growing adoption of advanced technologies and innovations in physical therapies improve the patient’s experience and offer better treatment. The use of advanced technologies in physical therapy services includes the inclusion of virtual reality (VR), and Artificial Intelligence (AI).

    Moreover, the use of AI is to measure and analyze patient data and offer personalized treatment recommendations. Additionally, wearable technology has various benefits in physical therapy such as it offers real-time data on patient’s movements and monitoring their health by creating exercise plans. Technology has a crucial role in revolutionizing physical therapy which further boosts the market growth of physical therapy services.

Challenges

  • Emerging competition from alternative providers - The growing availability of various healthcare providers which include massage therapists and chiropractors poses a challenge to market growth. Patients may opt for the services of alternative therapy solutions which will limit the adoption of physical therapy services.
  • Lack of qualified therapists - The shortage of qualified and skilled physical therapists limits the sustainability of physical therapy practices. The shortage of staff may affect the patient’s overall experience with physical therapy services which further hamper its market growth.  

Physical Therapy Services Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

5.1%

Base Year Market Size (2024)

USD 129.74 billion

Forecast Year Market Size (2037)

USD 247.69 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Physical Therapy Services Segmentation

By Type (Pediatrics, Adults, Elderly)

Pediatrics segment is estimated to dominate over 55% physical therapy services market share by 2037. The segment growth can be attributed to its various benefits which improve the overall health of pediatric patients such as infants and children. Pediatric physical therapy helps in developing the patient’s motor skills to activate muscles, increase flexibility, and strengthen the movements that lead to stimulating segment growth. According to a recent report, in 2022, the number of total pediatric patients reported in India was the highest in UP with over 32,200 cases.

By Application (Orthopedic, Geriatric, Neurological, Cardiopulmonary and Pulmonary)

By 2037, orthopedic segment is poised to dominate over 51% physical therapy services market share. The segment growth can be attributed to the increasing cases of orthopedic conditions and age-related diseases. Orthopedic physical therapy focuses on addressing musculoskeletal issues by incorporating physical exercises that help in pain management and improve flexibility.

Moreover, due to the growing aging population, the demand for orthopedic physical therapy services is anticipated to grow which may boost the segment growth.

Our in-depth analysis of the market includes the following segments:

          Type

  • Pediatrics
  • Adults
  • Elderly

          Application

  • Orthopedic
  • Geriatric
  • Neurological
  • Cardiopulmonary and Pulmonary

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Physical Therapy Services Industry - Regional Synopsis

North America Market Statistics

North America industry is anticipated to dominate majority revenue share of 46% by 2037. The market growth in the region is also expected on account of the presence of well-established healthcare infrastructure and rising research initiatives.

The rising cases of sports-related injuries due to the high popularity of sports events have increased the demand for physical therapy services in the US. The role of physical therapy is crucial in addressing sports related injuries as it reduces the pain and improves muscle flexibility.

In Canada, there are various companies available that offer physical therapy services at affordable prices to expand their network and accessibility that expand the market size of physical therapy services. According to a source, in 2022, 19,798 physiotherapists were employed in direct patient care in Canada.  

APAC Market Analysis

The Asia Pacific region will also encounter huge growth for the physical therapy services market during the forecast period and will hold the second position owing to the large number of population and increasing number of diseases.

The presence of large number of physical therapy services in India which easily meet the increasing need for physical therapy at affordable prices. According to a source, there are a total of 15368 physiotherapists in India as of April 2024. 

In China, the rising middle-class income has increased the demand for quality healthcare services. According to a recent report, as of January 2022, the largest share of Chinese middle-class families has an annual income of between 100 thousand and 300 thousand Yuan per year. Furthermore, growing awareness about well-being and healthy lifestyles has contributed to the market growth of physical therapy services in the China.

Research Nester
Physical Therapy Services Market size
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Companies Dominating the Physical Therapy Services Landscape

    The market of physical therapy services consists of various key players. Some of the companies dominating the market are ATI Holdings, Athletico Physical Therapy, and Pro-Health Limited among others.

    • Encompass Health Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • ATI Holdings
    • Athletico Physical Therapy
    • Upstream Rehabilitation Inc.
    • Select Medical Corporation
    • Pro-Health Limited
    • NovaCare Rehabilitation
    • EMS Physio Ltd.
    • Professional Physical Therapy
    • CORA Health Services

In the News

  • Athletico Physical Therapy - Athletico Physical Therapy, a leading provider of orthopedic rehabilitation services announced a partnership with Grand Rapids Ballet. In this partnership, the company’s Performing Arts Rehabilitation Program experts will provide onsite coverage at GRB rehearsals to address dance-related injuries and prevention. Additionally, GRB professional dancers have received physical therapy services from Athletico for some time. Furthermore, in this partnership, Athletico assures that it will provide injury treatment and prevention.
  • Encompass Health Corporation - Encompass Health Corporation announced preliminary plans to build a 50-bed patient rehabilitation hospital in San Antonio. The hospital will treat patients recovering from injuries such as strokes, spinal cord injuries, and other neurological disorders. This hospital will have many facilities including a patient private room, dining room, and therapy gym. Moreover, the construction of the hospital is a part of the corporation’s national network of rehabilitation hospitals.

Author Credits:  Radhika Pawar


  • Report ID: 6146
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of physical therapy services is evaluated at USD 135.03 billion.

The physical therapy services market size was over USD 129.74 billion in 2024 and is poised to exceed USD 247.69 billion by 2037, witnessing over 5.1% CAGR during the forecast period i.e., between 2025-2037. The market growth is attributed to rising cases of chronic diseases and an increasing number of sports injuries which have increased the demand for physical therapy services.

North America industry is anticipated to dominate majority revenue share of 46% by 2037, impelled by presence of well-established healthcare infrastructure and rising research initiatives in the region.

The major players in the market are Encompass Health Corporation, ATI Holdings, Athletico Physical Therapy, Upstream Rehabilitation Inc., Select Medical Corporation, Pro-Health Limited, NovaCare Rehabilitation, CORA Health Services, EMS Physio Ltd., Professional Physical Therapy, and others.
Physical Therapy Services Market Report Scope
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