Global Physiotherapy Services Market is Anticipated to Witness High Growth Owing to Rising Incidences of Chronic Diseases

 
Global Physiotherapy Services Market

The global physiotherapy services market involves providing physical treatment techniques to patients experiencing pain or limited mobility in order to help improve movement and manage pain. This includes treatments like electrotherapy, exercise therapy, massage therapy, therapeutic ultrasound, and more to help prevent or treat injuries, pain related to certain medical conditions such as arthritis, and temporary or long term disabilities arising from injury, illness or surgery. The need for physiotherapy services is being driven by rising incidences of chronic conditions such as cardiovascular diseases, diabetes, chronic obstructive pulmonary disease, cancer, and musculoskeletal disorders due to increasing urbanization, sedentary lifestyles and expanding geriatric populations worldwide.

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 from 2024 to 2031.

Key Takeaways

Key players operating in the Global Physiotherapy Services Market Demand 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. These key players are focusing on new product launches, partnerships and acquisitions to consolidate their market positions.

There is a growing demand for home-based and tele-physiotherapy services due to changing consumer preferences towards virtual and remote healthcare treatments amid the COVID-19 pandemic. Key players are expanding their virtual care and telehealth offerings to capitalize on this trend and address the needs of a wider consumer base.

The market is witnessing increased global expansion activities by major players through joint ventures and collaborations with regional providers to establish their presence across international markets and tap into high growth opportunities in emerging economies.

Market Drivers
Rising geriatric population- The global elderly population is growing at an unprecedented rate. Age related physical impairments make the elderly major consumers of physiotherapy services driving market growth.

Increasing Healthcare Expenditure- Growing healthcare spending globally is supporting investments in advanced treatment methods and expansion of service infrastructure increasing demand for physiotherapy services.

Market Restraints
High Cost of Treatment- Physiotherapy treatments can be expensive depending on the nature of services required and the kind of injury or condition. This limits market growth to some extent.

Shortage of Physiotherapists- The market faces challenges due to worldwide shortage of qualified physiotherapists making it difficult to cater to growing patient requirements which restrains market expansion.


Segment Analysis

Physiotherapy services market can be segmented into musculoskeletal, neurology, cardiopulmonary and other segments. Musculoskeletal segment dominates the market as musculoskeletal disorders like low back pain, neck pain are highly common and physiotherapy provides non-invasive pain relief. Physiotherapy is effective in treating musculoskeletal problems without any side effects unlike medication.

Global Analysis

North America dominates the global physiotherapy services market owing to advanced physiotherapy infrastructure and availability of skilled physiotherapists. Presence of major players, rising geriatric population susceptible to musculoskeletal disorders further supplements market growth in the region. Asia Pacific is expected to witness fastest growth during the forecast period due to rising health awareness, increasing healthcare spending in developing countries like India and China. Growing popularity of physical therapy to manage chronic diseases and post-surgery care supports market expansion across Asia Pacific.

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