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.
