Physiotherapy Services Market to Propel at Rapid Pace Owing to Growing Prevalence of Chronic Diseases
Physiotherapy services involves treatment of injuries, conditions, or disabilities through physical methods such as massage, exercise and physical manipulation. It helps patients recover from injury and surgery or manage long-term musculoskeletal pain and physical impairments. Today, physiotherapy is playing a crucial role in the management of chronic diseases like arthritis, cardiovascular disorders, diabetes, obesity and several neurological disorders. With the increasing geriatric population and prevalence of such long-term health conditions worldwide, demand for physiotherapy services has surged significantly.
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.
Physiotherapy helps reduce pain and improve mobility for patients suffering from musculoskeletal problems. Additionally, growing awareness regarding the benefits of physiotherapy in post-surgical recovery and managing chronic diseases is fueling the market growth. However, high costs associated with physiotherapy treatments and shortage of skilled professionals are some factors restraining the market.
Key Takeaways
Key players operating in the Global Physiotherapy Services Market Size 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. Growing geriatric population prone to mobility issues and a rising number of accidents/sports injuries are driving the demand for physiotherapy services. Furthermore, advancements in physiotherapy equipment and introduction of virtual/telephysiotherapy sessions amid pandemic are aiding the market growth.
Market Trends
Increasing Adoption of Technology - Leading market players are developing digital physiotherapy platforms and smart equipment to make treatments more effective and engaging for patients. This includes virtual reality, wearable sensors and cloud-based software.
Growing Focus on Sports Injuries - With rising popularity of sports globally, the number of sports injuries has increased creating demand for expert physiotherapists. Many players are offering specialised treatments for knee, shoulder and ankle injuries in athletes.
Market Opportunities
Emerging Markets - Markets like Asia, Latin America, Africa offer massive untapped growth potential for physiotherapy due to increasing healthcare investments, surging medical tourism and growing middle class.
Geriatric Care - With a rapidly aging global population vulnerable to age-related mobility issues, opportunities exist for home-based and assisted care physiotherapy services catering to the elderly.
Impact of COVID-19 on Global Physiotherapy Services Market
The COVID-19 pandemic has negatively impacted the global physiotherapy services market in terms of growth. Due to lockdowns and quarantines imposed worldwide, both outpatient and inpatient physiotherapy services were disrupted. Physiotherapy clinics had to shut down temporarily or limit their operations to emergency cases only. This led to a decline in the number of physiotherapy sessions and therefore affected the market revenue in 2020. The demand for physiotherapy reduced significantly as patients avoided visiting clinics for non-critical treatments due to fears of viral transmission. Telephysiotherapy services emerged as an alternative but could not compensate fully for the loss of in-person consultations.
However, with the rollout of vaccination programs globally in 2021, the market has started recovering gradually. As lockdowns ease in most countries, both patients and service providers are more confident about resuming regular physiotherapy activities while observing necessary precautions. Many clinics are implementing strict sanitization and social distancing protocols to reassure clients. There is also growing utilization of digital health solutions like telephysiotherapy and remote patient monitoring to supplement traditional models. It is expected that the market will return to its pre-pandemic growth trajectory by 2023, supported by steady rise in lifestyle diseases, aging population and injury cases. In the long run, the demand for physiotherapy services is forecast to increase substantially due to growing awareness of its benefits.
North America Physiotherapy Services Market Geographical Analysis
North America dominates the global physiotherapy services market in terms of revenues, accounting for over 35% of the total value. The United States leads the region's growth owing to factors such as high healthcare spending, growing geriatric populace, rising obesity and sedentary lifestyle-related issues. Sports injuries are also a major driver for physiotherapy demand in the country. Increased acceptance and insurance coverage for physiotherapy as a treatment option further supports market expansion. Canada trails the US and is growing at a steady pace, fueled by initiatives to promote physical activity and active aging. Established healthcare systems in both nations facilitate easy access to affordable physiotherapy care for a wide segment of the population.
Asia Pacific Fastest Growing Region for Physiotherapy Services Market
Asia Pacific region is expected to witness the fastest gains in the global physiotherapy services market during the forecast period from 2024 to 2031. This can be attributed to rising middle class population, increasing incidence of non-communicable diseases, growing medical tourism industry especially in India and Thailand and expansion of private healthcare facilities. Countries like China, India and South Korea are major revenue contributors due to their large population bases and rapid economic development. Favorable government policies supporting establishment of modern healthcare infrastructure are boosting service availability. Rising health consciousness and disposable incomes are also positively impacting market growth across Asia Pacific.
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