PUBLISHER: Grand View Research | PRODUCT CODE: 1587410
PUBLISHER: Grand View Research | PRODUCT CODE: 1587410
U.S. Physical Therapy Services Market Size, Share & Trends Analysis Report By Application, By Settings, By Payer, And Segment Forecasts, 2025 - 2030
U.S. Physical Therapy Services Market Growth & Trends:
The U.S. physical therapy services market size is estimated to reach USD 61.70 billion by 2030, exhibiting a CAGR of 4.60% from 2025 to 2030 according to a new report by Grand View Research, Inc. Physical therapy (PT) can help in reducing overall treatment costs and improving outcomes. This, coupled with the rising prevalence of pain and musculoskeletal diseases, is driving market growth. According to the U.S. Bureau of Labor Statistics, employment of PTs is expected to increase by 17% from 2021 to 2031. In addition, approximately 15,400 yearly average openings for physical therapists are projected over the next ten years. Providers and purchasers of traditional healthcare services, such as insurance companies, health maintenance organizations, businesses, and industries, are constantly seeking cost savings.
PT services are a cost-effective method for preventing short-term disabilities from becoming chronic conditions, avoiding invasive procedures, accelerating recovery, and eliminating or reducing the need for opioids. The patient who takes PT can save an average of USD 2,736 on treatment costs. In the United States, approximately 19.7% of children & adolescents aged 2 to 19 years are obese. This represents over 14.7 million children & adolescents. The prevalence of obesity among adults was 41.9% during 2017-2020. Furthermore, the annual medical cost of obesity was estimated to be around USD 173 billion in 2019. PT services help obese individuals become more active and fit with the help of pain-free movement techniques.
The COVID-19 pandemic has negatively impacted market growth. In April and May 2020, according to national surveys conducted by the American Physical Therapy Association (APTA), 54% of physical therapists reported a decrease in work hours since the start of the pandemic. Nearly 36% reported a decrease in hours in July 2020, while 7% reported being laid off, 16% furloughed, and 2% resigned or quit. Nearly 98% of therapists did not offer telehealth consultations to patients before the COVID-19 outbreak. However, by July 2020, 47% reported using telehealth, a percentage that is likely to increase in the future. Due to the COVID-19 emergency, policy modifications have facilitated telehealth utilization in PT services.
U.S. Physical Therapy Services Market Report Highlights:
- Based on application, the orthopedic therapy segment dominated the industry in 2024 owing to the increased cases of orthopedic-related disorders
- The geriatric therapy application segment is anticipated to register the fastest growth rate during the forecast period owing to the high number of patients suffering from chronic diseases and the inclusion of PT services in long-term care facilities
- In terms of the payer, the private insurance segment held the maximum revenue share due to the presence of corporate insurance and a large number of people taking commercial insurance
- The outpatient clinics settings segment accounted for the largest revenue share in 2024 on account of the shift towards outpatient settings and the increased number of standalone physical therapists
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Segment Definitions
- 1.2. Estimates and Forecast Timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Primary Research
- 1.4.5. Details of Primary Research
- 1.4.6. Research Assumption
- 1.5. Information or Data Analysis
- 1.5.1. Data Analysis Models
- 1.6. Market Formulation & Data Visualization
- 1.7. Model Details
- 1.7.1. Volume Price Analysis
- 1.8. Objectives
- 1.8.1. Objective - 1
- 1.8.2. Objective - 2
- 1.8.3. Objective - 3
- 1.9. List of Secondary Sources
- 1.10. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. U.S. Physical Therapy Services Market
- 2.1.1. Market Snapshot
- 2.1.2. Segment Snapshot
- 2.1.2.1. Application
- 2.1.2.2. Settings
- 2.1.2.3. Payer
- 2.1.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/Ancillary Market Outlook
- 3.2. Market Trends and Outlook
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.1.1. Rising prevalence of sports injury and chronic pain
- 3.3.1.2. Favorable reimbursement policies
- 3.3.1.3. Growing number of physical therapists
- 3.3.2. Market Restraint Analysis
- 3.3.2.1. Lower patient retention rates
- 3.3.1. Market Driver Analysis
- 3.4. Regulatory Framework
- 3.5. Business Environment Analysis Tools
- 3.5.1. Industry Analysis - Porter's Five Forces Analysis
- 3.5.1.1. Supplier power
- 3.5.1.2. Buyer power
- 3.5.1.3. Substitution threat
- 3.5.1.4. Threat of new entrant
- 3.5.1.5. Competitive rivalry
- 3.5.2. PESTEL Analysis
- 3.5.1. Industry Analysis - Porter's Five Forces Analysis
Chapter 4. U.S. Physical Therapy Services Market: Application Estimates & Trend Analysis
- 4.1. U.S. Physical Therapy Services Market: Application Movement Analysis
- 4.2. U.S. Physical Therapy Services Market: Application Segment Dashboard
- 4.3. Application Movement & Market Share Analysis, 2024 & 2030
- 4.4. U.S. Physical Therapy Services Market Estimates & Forecast, by Application
- 4.5. Orthopedic Therapy
- 4.5.1. Orthopedic therapy market, 2018 - 2030 (USD Billion)
- 4.6. Neurological Therapy
- 4.6.1. Neurological therapy market, 2018 - 2030 (USD Billion)
- 4.7. Geriatric Therapy
- 4.7.1. Geriatric therapy market, 2018 - 2030 (USD Billion)
- 4.8. Pediatric Therapy
- 4.8.1. Pediatric therapy market, 2018 - 2030 (USD Billion)
- 4.9. Women Health
- 4.9.1. Women health market, 2018 - 2030 (USD Billion)
- 4.10. Cardiopulmonary Therapy
- 4.10.1. Cardiopulmonary therapy market, 2018 - 2030 (USD Billion)
- 4.11. Others
- 4.11.1. Others market, 2018 - 2030 (USD Billion)
Chapter 5. U.S. Physical Therapy Services Market: Settings Estimates & Trend Analysis
- 5.1. U.S. Physical Therapy Services Market: Settings Movement Analysis
- 5.2. U.S. Physical Therapy Services Market: Settings Segment Dashboard
- 5.3. Settings Movement & Market Share Analysis, 2024 & 2030
- 5.4. U.S. Physical Therapy Services Market Estimates & Forecast, by Settings
- 5.5. Outpatient Clinics
- 5.5.1. Outpatient clinics market, 2018 - 2030 (USD Billion)
- 5.6. Hospitals
- 5.6.1. Hospitals market, 2018 - 2030 (USD Billion)
- 5.7. Home Healthcare
- 5.7.1. Home healthcare market, 2018 - 2030 (USD Billion)
- 5.8. Others
- 5.8.1. Others market, 2018 - 2030 (USD Billion)
Chapter 6. U.S. Physical Therapy Services Market: Payer Estimates & Trend Analysis
- 6.1. U.S. Physical Therapy Services Market: Payer Movement Analysis
- 6.2. U.S. Physical Therapy Services Market: Payer Segment Dashboard
- 6.3. Payer Movement & Market Share Analysis, 2024 & 2030
- 6.4. U.S. Physical Therapy Services Market Estimates & Forecast, by Payer
- 6.5. Public Insurance
- 6.5.1. Public insurance market, 2018 - 2030 (USD Billion)
- 6.6. Private Insurance
- 6.6.1. Private insurance market, 2018 - 2030 (USD Billion)
- 6.7. Out of Pocket
- 6.7.1. Out of pocket market, 2018 - 2030 (USD Billion)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Position Analysis
- 7.3. Company Profiles/Listing
- 7.3.1. Select Physical Therapy
- 7.3.1.1. Overview
- 7.3.1.2. Financial performance
- 7.3.1.3. Service benchmarking
- 7.3.1.4. Strategic initiatives
- 7.3.2. U.S. Physical Therapy, Inc.
- 7.3.2.1. Overview
- 7.3.2.2. Financial performance
- 7.3.2.3. Service benchmarking
- 7.3.2.4. Strategic initiatives
- 7.3.3. ATI Physical Therapy
- 7.3.3.1. Overview
- 7.3.3.2. Financial performance
- 7.3.3.3. Service benchmarking
- 7.3.3.4. Strategic initiatives
- 7.3.4. Athletico Physical Therapy
- 7.3.4.1. Overview
- 7.3.4.2. Financial performance
- 7.3.4.3. Service benchmarking
- 7.3.4.4. Strategic initiatives
- 7.3.5. Drayer Physical Therapy Institute
- 7.3.5.1. Overview
- 7.3.5.2. Financial performance
- 7.3.5.3. Service benchmarking
- 7.3.5.4. Strategic initiatives
- 7.3.6. Professional Physical Therapy
- 7.3.6.1. Overview
- 7.3.6.2. Financial performance
- 7.3.6.3. Service benchmarking
- 7.3.6.4. Strategic initiatives
- 7.3.7. CORA
- 7.3.7.1. Overview
- 7.3.7.2. Financial performance
- 7.3.7.3. Service benchmarking
- 7.3.7.4. Strategic initiatives
- 7.3.8. PT SOLUTIONS
- 7.3.8.1. Overview
- 7.3.8.2. Financial performance
- 7.3.8.3. Service benchmarking
- 7.3.8.4. Strategic initiatives
- 7.3.9. Boston Children's Hospital
- 7.3.9.1. Overview
- 7.3.9.2. Financial performance
- 7.3.9.3. Service benchmarking
- 7.3.9.4. Strategic initiatives
- 7.3.10. ApexNetwork Physical Therapy
- 7.3.10.1. Overview
- 7.3.10.2. Financial performance
- 7.3.10.3. Service benchmarking
- 7.3.10.4. Strategic initiatives
- 7.3.1. Select Physical Therapy
List of Tables
- Table 1. List of secondary sources
- Table 2. List of abbreviations
- Table 3. U.S. physical therapy services market revenue estimates and forecast, by application, 2018 - 2030 (USD Billion)
- Table 4. U.S. physical therapy services market revenue estimates and forecast, by settings, 2018 - 2030 (USD Billion)
- Table 5. U.S. physical therapy services market revenue estimates and forecast, by payer, 2018 - 2030 (USD Billion)
List of Figures
- Fig 1. U.S. physical therapy services market segmentation
- Fig 2. Market research process
- Fig 3. Information procurement
- Fig 4. Primary research pattern
- Fig 5. Market research approaches
- Fig 6. Value chain based sizing & forecasting
- Fig 7. QFD modelling for market share assessment
- Fig 8. Market formulation & validation
- Fig 9. Market snapshot
- Fig 10. Application segment outlook
- Fig 11. Settings segment outlook
- Fig 12. Payer segment outlook
- Fig 13. Competitive landscape
- Fig 14. U.S. physical therapy services market: Market dynamics
- Fig 15. U.S. physical therapy services market: Porter's analysis
- Fig 16. U.S. physical therapy services market: PESTLE analysis
- Fig 17. U.S. physical therapy services market: Application segment dashboard
- Fig 18. U.S. physical therapy services market: Application movement share analysis
- Fig 19. Orthopedic therapy market, 2018 - 2030 (USD Billion)
- Fig 20. Neurological therapy market, 2018 - 2030 (USD Billion)
- Fig 21. Geriatric therapy market, 2018 - 2030 (USD Billion)
- Fig 22. Pediatric therapy market, 2018 - 2030 (USD Billion)
- Fig 23. Women health market, 2018 - 2030 (USD Billion)
- Fig 24. Cardiopulmonary therapy market, 2018 - 2030 (USD Billion)
- Fig 25. Others market, 2018 - 2030 (USD Billion)
- Fig 26. U.S. physical therapy services market: Settings segment dashboard
- Fig 27. U.S. physical therapy services market: Settings movement share analysis
- Fig 28. Outpatient clinics market, 2018 - 2030 (USD Billion)
- Fig 29. Hospitals market, 2018 - 2030 (USD Billion)
- Fig 30. Home healthcare market, 2018 - 2030 (USD Billion)
- Fig 31. Others market, 2018 - 2030 (USD Billion)
- Fig 32. U.S. physical therapy services market: Payer segment dashboard
- Fig 33. U.S. physical therapy services market: Payer movement share analysis
- Fig 34. Public insurance market, 2018 - 2030 (USD Billion)
- Fig 35. Private insurance market, 2018 - 2030 (USD Billion)
- Fig 36. Out of pocket market, 2018 - 2030 (USD Billion)
- Fig 37. Company categorization
- Fig 38. Company market position analysis
- Fig 39. Strategic framework
