US Physical Therapy Market Size and Forecast (2021-2031)

US Physical Therapy Market Size and Forecast (2021-2031)

US Physical Therapy Market Size and Forecast (2021 – 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Therapy (Laser Therapy, Electrotherapy, Cryotherapy, Ultrasound, Heat Therapy, and Other Therapies), Application (Orthopedic, Neurological, Cardiovascular and Pulmonary, and Other), Age Group (Pediatrics, Adult, and Geriatric), End User (Hospitals and Clinics, Rehabilitation Centers, Sports and Fitness Facilities, and Other End Users), and Country

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Description

The US physical therapy market size is expected to grow from US$ 46.75 billion in 2023 to US$ 87.83 billion by 2031; it is projected to register a CAGR of 8.2% during 2023-2031.

Physical therapy is a component of rehabilitation that involves exercises of parts such as the back, upper arms, and legs to modulate their physiology for the betterment of health. This type of therapy aids in improving joint and muscle function, helping people stand, balance, walk, and climb stairs with confidence. Physical therapy includes exercises aiding active body movements, and the treatments are based on physical stimuli such as heat, cold, electrical currents, and ultrasound. These therapies can be used to treat short-term disabilities associated with accidental injuries and acute orthopedic conditions that become chronic conditions. The growing importance of physical therapists and increasing direct access to therapy are noteworthy factors contributing to the expansion of the US physical therapy market size. However, burnout among physical therapists hinders the US physical therapy market growth as physical therapists these days are highly stressed as they need to deliver excellent patient care with limited time and resources.

End User-Based Insights

Based on end user, the US physical therapy market is segmented into hospitals and clinics, rehabilitation centers, sports and fitness facilities, and other end users. The rehabilitation centers segment held the largest US physical therapy market share in 2023 and is expected to register the highest CAGR in the market during 2023–2031. Rehabilitation centers for physical therapy are specifically associated with physical treatment and do not refer to criminal rehabilitation or substance abuse. They play a vital role in enabling speedy recovery and help decrease the chance of re-injury among patients. These healthcare facilities offer unique and individual programs for the betterment of patients with chronic conditions. The rehabilitation centers for physical therapy are inpatient facilities where patients can receive acute care therapies such as physical therapy, occupational therapy, and vestibular rehabilitation that help a person reinstate function after injury, illness, or post-surgical conditions. Rehabilitation centers offer therapy for patients suffering from injuries and nervous system disorders and for those who have undergone hip replacement surgeries. They assist in improving their function and help reduce the symptoms of immobility. These centers appoint highly skilled professionals and their teams that provide support to patients during their treatment. Thus, the ultimate purpose of rehabilitation centers for physical therapy is to provide assistance to patients in recovering and resuming as much independence as possible in their homes.

Parkinson’s Foundation, Centers for Disease Control and Prevention, National Spinal Cord Injury Data Sheet, and Back Pain Statistics & Facts are among the primary and secondary sources referred to while preparing the US physical therapy market report.

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Orthopedic Segment to Lead Global US Physical Therapy Market During 2023–2031

According to our new research study on “US Physical Therapy Market Forecast to 2031 – Global Analysis – by Therapy, Application, Age Group, End User, and Geography,” the market is expected to grow from US$ 46.75 billion in 2023 to US$ 87.83 billion by 2031; it is estimated to record a CAGR of 8.2% from 2023–2031. Physical therapy helps to treat spine, shoulder, knee, and neck injuries or pain. The traditional role of physical therapists is to recommend exercises and provide hands-on care to facilitate patients develop, maintain, and restore functional ability that injuries, aging, and chronic or progressive diseases may restrict. Key factors driving the growth of the US physical therapy market are the growing importance of physical therapists and increasing direct access to therapy. However, burnout among physical therapists hinders the market’s growth.

With the growing digital era, innovative technologies can be employed to improve treatment delivery and patient outcomes of physical therapy practices. With the use of virtual reality to monitor rehabilitation through wearable devices, the field of physical therapy is experiencing a remarkable transformation. Adopting wearable devices and telehealth services heightens patient engagement in their recovery journey. Further, some physical therapists in the US have started offering telehealth services, especially after the COVID-19 pandemic, to treat patients. According to a report published by the APTA, 98.0% of physical therapists surveyed were not providing telehealth consultations to patients prior to the pandemic. However, after July 2020, over 47.0% reported using telehealth, and the number is further anticipated to increase in the future.

Virtual reality introduces an unprecedented level of patient engagement through the recovery process, allowing patients to contribute to therapeutic exercises that enhance their physical and mental well-being. The technology particularly benefits those dealing with mobility challenges by simulating real-world scenarios to aid in mobility. In addition, launching virtual physical therapy programs in the country will also improve patient access. In May 2022, United Healthcare partnered with Kaia Health, a digital therapeutics startup, to introduce a virtual physical therapy program. Through this program, the companies planned to offer 24/7 on-demand feedback on physical therapy exercises to eligible patients with musculoskeletal conditions to help them complete the physical therapy movements correctly.

Wearable technology, which has grown in popularity in the last few decades, enables physical therapists to accurately monitor patients’ progress using devices such as smartwatches and motion sensors. These wearables track essential metrics such as heart rates, sleep patterns, and physical activity, providing valuable data for the overall treatment plan. The immediate, continuously updated feedback provided by wearables enhances patient commitment, leading to more successful treatment outcomes in the future. As a result, telehealth services and wearable devices offering real-time feedback during exercises can help to personalize treatment plans and improve outcomes. Thus, an upsurge in patient engagement with the adoption of state-of-the-art approaches such as telehealth, virtual reality-based simulations, and wearable devices bring new US physical therapy market trends, allowing therapists to reach a wider patient base and patients to receive treatments from their homes per their convenience.

Based on application, the US physical therapy market is segmented into orthopedic, neurological, cardiovascular and pulmonary, and others. The orthopedic segment held the largest US physical therapy market share in 2023, and it is expected to register the highest CAGR from 2023 to 2031. Orthopedic application of physical therapy includes all types of musculoskeletal disorders. As per the Bone and Joint Initiative USA, nearly 50% of Americans aged 18 and above (i.e., ~124 million people) have musculoskeletal disorders. The growth of the US physical therapy market in the orthopedic segment can be attributed to the growing prevalence of musculoskeletal disorders, increasing participation in sports activities, and surging incidence of sports injuries and fractures. According to the Osteoarthritis Action Alliance 2023, arthritis affected ~53.2 million adults (1 in 5 people) in the US in 2021; the number is further expected to reach 78 million by 2040. Per the same source, osteoarthritis is the most common form of arthritis affecting US citizens, with nearly 32.5 million adults in the country suffering from the condition. Many adults with arthritis have moderate or severe joint pain. Orthopedic physical therapists provide various physical therapy services, such as injury recovery/surgery recovery, pain management through exercise, sports injury rehabilitation, sports medicine education and exercises, and strength-building exercises, thereby providing pain relief as well as aiding in recovery.

The market, by age group, is segmented into pediatrics, adult, and geriatric. The adult segment accounts for a significant US physical therapy market share in 2023, owing to growing awareness about physical therapy among adults as a recreational option that can help manage any new aches or pains while helping in the development of a comprehensive exercise regimen for patients. According to the Centers for Disease Control and Prevention data published in 2022, 6 in 10 adults have a chronic disease (arthritis, cancer, chronic obstructive pulmonary disease, stroke, etc.) in the US. In addition, 4 in 10 adults have 2 or more chronic diseases. As per the Bronchitis Facts and Statistics published in November 2022, bronchitis is a common reason for the hospitalization of adults in the US. Approximately 1 in 20 US adults suffer from acute bronchitis yearly, and ∼10 million people (i.e., 3% of the population) are affected by chronic bronchitis. Further, according to Statista, between 2010 and 2020, road traffic injuries grew by ~34,000 incidents to ~2.28 million road traffic-related injuries in 2020 in the US. As per the data released by the National Highway Traffic Safety Administration in April 2024, ~290,000 people were injured in crashes in 2022 in the country. Accidents result in physical and mental trauma, requiring immediate medical attention.

Physical therapy focuses on strengthening the muscles and bones that have suffered from physical trauma. Throughout each decade of adulthood, physical therapists can offer innovative solutions and expert guidance to help reduce pain, maintain fitness, and proactively prepare for the future. In addition, physical therapy includes many recreational options that can help to manage any new aches or pains while helping in the development of a comprehensive exercise regimen for patients. Thus, the abovementioned factors support the segment growth in the US physical therapy market.

ATI Physical Therapy, Inc., Physical Therapy Now, The Jackson Clinics, Select Physical Therapy, Onward Physical Therapy, PT SOLUTIONS, Athletico Physical Therapy, Confluent Therapy Solutions, Upstream Rehabilitation Inc., and Peak Performance Physical Therapy are among the leading companies profiled in the US physical therapy market report.

Based on therapy, the US physical therapy market is segmented into laser therapy, electrotherapy, cryotherapy, ultrasound, heat therapy, and other therapies. In terms of application, the market is classified into orthopedic, neurological, cardiovascular and pulmonary, and others. By age group, the market is categorized into pediatrics, adult, and geriatric. In terms of end user, the market is segmented into hospitals and clinics, rehabilitation centers, sports and fitness facilities, and other end users.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the US physical therapy market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the US physical therapy market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
4. Physical Therapy Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Physical Therapy Market – Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Physical Therapy Market – US Market Analysis
6.1 Physical Therapy – US Market Overview
6.2 Physical Therapy – US Market and Forecast to 2031
7. Physical Therapy Market – Revenue Analysis (USD Million) – By Therapy, 2021-2031
7.1 Overview
7.2 Laser Therapy
7.3 Electrotherapy
7.4 Cryotherapy
7.5 Ultrasound
7.6 Heat Therapy
7.7 Other Therapies
8. Physical Therapy Market – Revenue Analysis (USD Million) – By Application, 2021-2031
8.1 Overview
8.2 Orthopedic
8.3 Neurological
8.4 Cardiovascular and Pulmonary
8.5 Others
9. Physical Therapy Market – Revenue Analysis (USD Million) – By Age Group, 2021-2031
9.1 Overview
9.2 Pediatrics
9.3 Adult
9.4 Geriatric
10. Physical Therapy Market – Revenue Analysis (USD Million) – By End User, 2021-2031
10.1 Overview
10.2 Hospitals and Clinics
10.3 Rehabilitation Center
10.4 Sports and Fitness Facilities
10.5 Other End Users
11. Industry Landscape
11.1 Mergers and Acquisitions
11.2 Agreements, Collaborations, Joint Ventures
11.3 New Product Launches
11.4 Expansions and Other Strategic Developments
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning and Concentration
13. Physical Therapy Market – Key Company Profiles
13.1 ATI Physical Therapy
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
Note – Similar information would be provided for below list of companies

13.2 Physical Therapy NOW
13.3 The Jackson Clinics
13.4 Select Physical Therapy
13.5 Onward Physical Therapy
13.6 PT SOLUTIONS
13.7 Peak Performance Physical Therapy
13.8 Athletico Physical Therapy
13.9 Upstream Rehabilitation Inc.
13.10 Confluent Therapy Solutions
14. Appendix
14.1 Glossary
14.2 About the Research Team
14.3 Market Intelligence Cloud

LIST OF TABLES

Table 1. US Physical Therapy Market Segmentation
Table 2. US Physical Therapy Market – Revenue and Forecast to 2031 (US$ Million) – by Therapy
Table 3. US Physical Therapy Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 4. US Physical Therapy Market – Revenue and Forecast to 2031 (US$ Million) – by Age Group
Table 5. US Physical Therapy Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 6. Recent Organic Growth Strategies in US Physical Therapy Market
Table 7. Recent Inorganic Growth Strategies in the US Physical Therapy Market
Table 8. Glossary of Terms, US Physical Therapy Market

LIST OF FIGURES

Figure 1. PEST Analysis
Figure 2. Impact Analysis of Drivers and Restraints
Figure 3. US Physical Therapy Market Revenue (US$ Million), 2023–2031
Figure 4. US Physical Therapy Market Share (%) – by Therapy, 2023 and 2031
Figure 5. Laser Therapy: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 6. Electrotherapy: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 7. Cryotherapy: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 8. Ultrasound: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 9. Heat Therapy: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 10. Other Therapies: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 11. US Physical Therapy Market Share (%) – by Application, 2023 and 2031
Figure 12. Orthopedic: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 13. Neurological: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 14. Cardiovascular and Pulmonary: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 15. Other: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 16. US Physical Therapy Market Share (%) – by Age Group, 2023 and 2031
Figure 17. Pediatrics: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 18. Adult: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 19. Geriatric: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 20. US Physical Therapy Market Share (%) – by End User, 2023 and 2031
Figure 21. Hospitals and Clinics: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 22. Rehabilitation Centers: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 23. Sports and Fitness Facilities: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 24. Other End Users: US Physical Therapy Market– Revenue and Forecast to 2031 (US$ Million)
Figure 25. Growth Strategies in US Physical Therapy Market

The List of Companies – US Physical Therapy Market
o ATI Physical Therapy, Inc.
o Physical Therapy Now
o The Jackson Clinics
o Select Physical Therapy
o Onward Physical Therapy
o PT SOLUTIONS
o Athletico Physical Therapy
o Confluent Therapy Solutions
o Peak Performance Physical Therapy
o Upstream Rehabilitation Inc.

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