Global physical therapy rehabilitation solutions market is estimated to be valued at USD 27.12 Bn in 2024 and is expected to reach USD 45.40 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 27.12 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
7.60% |
2031 Value Projection: |
US$ 45.40 Bn |
Figure. Physical Therapy Rehabilitation Solutions Market Share (%), By Region 2024
Global physical therapy rehabilitation solutions market growth is driven by increasing prevalence of chronic health conditions such as cardiovascular disorders, diabetes, and obesity. Physical therapy helps in improving mobility and managing pain caused by these medical conditions through various techniques and exercises. Moreover, rapid technological advancements in physical therapy equipment such as continuous passive motion devices, lasers, therapeutic ultrasound, and others have boosted the efficacy and accessibility of physical therapy solutions across the world. However, factors such as lack of awareness among people regarding physical therapy benefits and high treatment costs in some nations can pose challenge to the widespread adoption of physical therapy rehabilitation solutions.
Market Dynamics:
Rising geriatric population, growing incidence of sports injuries and road accidents, increasing awareness about physical therapy, and introduction of innovative physical therapy equipment can drive the global physical therapy rehabilitation solutions market growth. However, high cost of various physical therapy solutions and lack of reimbursement coverage in many developing nations can hamper the market growth. Increasing adoption of telehealth and virtual physical therapy can offer lucrative opportunities for the market growth. Growing health tourism industry in emerging nations can also provide opportunity for providers.
Key Features of the Study:
- This report provides in-depth analysis of the global physical therapy rehabilitation solutions market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global physical therapy rehabilitation solutions market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include DJO Global, BTL Industries, Performance Health, Patterson Companies, Enraf-Nonius, and Zynex Medical
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global physical therapy rehabilitation solutions market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global physical therapy rehabilitation solutions market
Detailed Segmentation-
- By Solution
- By Application
- Hip Joint
- Spinal Cord Injuries
- Forearms and Wrist Joints
- Shoulder and Elbow Join
- Knee Join
- Others
- By Deployment
- On-premise
- Cloud-based
- Hybrid
- By End User
- Hospita l& Clinics
- Ambulatory Surgical Center
- Commercial payer
- Government Organization
- Physiotherapy Clinics
- Homecare & Rehabilitation Centers
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- Reflexion Health
- AC INTERNATIONAL EAST
- Cerner Corporation
- Kareo, Inc.
- Therapy Sync
- eviCore Healthcare
- Meditab
- Isalus
- Smith+Nephew
- CoRehab SRL
- Hinge Health, Inc.
- SWORD Health, Inc.
- MIRA Rehab Limited
- Motekforce Link
- Gesture Tek Health