Categories: Chemicals

Physiotherapy Services Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Physiotherapy Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Physiotherapy Services Global Market Report 2024, The physiotherapy services market size has grown strongly in recent years. It will grow from $47.06 billion in 2023 to $50.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rise in musculoskeletal disorders and injuries, aging population leading to increased healthcare demand, expansion of rehabilitation services in healthcare, growth in awareness of the benefits of physiotherapy, adoption of telehealth and remote physiotherapy services.

The physiotherapy services market size is expected to see strong growth in the next few years. It will grow to $64.13 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to expansion of preventive and wellness-focused physiotherapy, rise in demand for home-based physiotherapy services, growth of patient-centric and personalized physiotherapy, impact of changing lifestyles on musculoskeletal health, increasing prevalence of chronic diseases and conditions. Major trends in the forecast period include advancements in medical technology and equipment, collaboration between physiotherapists and fitness industry, integration of artificial intelligence in rehabilitation programs, advances in wearable technology for physiotherapy monitoring, adoption of virtual reality in physiotherapy exercises.

The rising prevalence of orthopedic disorders is expected to propel the growth of the physiotherapy services market going forward. Orthopedic disorders refer to conditions that affect the musculoskeletal system, including the bones, joints, muscles, tendons, ligaments, and cartilage. Physiotherapy helps reduce pain caused by orthopedic injuries or conditions, improve strength, flexibility, and mobility, and prevent further damage. For instance, in February 2022, according to the Centers for Disease Control and Prevention, a US-based government health agency, the number of individuals with arthritis is expected to increase from 63.5 million in 2020 to 78.4 million adults (18 and older) by 2040, or 25.9% of the projected total adult population. Therefore, the increasing prevalence of orthopedic disorders is driving the growth of the physiotherapy services market.

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The physiotherapy services market covered in this report is segmented –

1) By Type: Hydrotherapy, Electric Stimulation, Ultrasound, Heat Therapy, Therapeutic Exercise, Continuous Passive Motion (CPM)

2) By Application: Cardiovascular And Pulmonary, Geriatric, Integumentary, Neurological, Orthopedic, Palliative Care, Pediatric, Women’s Health, Other Applications

3) By End-User: Hospitals, Private Practices, Outpatient Clinics, Sports And Fitness Facility Centers, Other End-Users

Technological advancements are a key trend gaining popularity in the physiotherapy services market. Major companies operating in the physiotherapy services market are adopting new technologies to sustain their position in the market. For instance, in May 2023, Universal Practice, an Australia-based health tech company, launched an online physiotherapy practice using body-tracking technology. Jump online, and a licensed physiotherapist will map out the patient’s body using the camera on the gadget, examine it, and create a customized holistic treatment plan. It promises to accompany patients on every step back to total health with rehabilitation programs, daily workouts, yoga, Pilates, and a chat to a physio option.

The physiotherapy services market report table of contents includes: