Dublin, Aug. 23, 2024 (GLOBE NEWSWIRE) -- The "US Physical Therapy Market Size and Forecast, Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Therapy, Application, Age Group, End User, and Country" report has been added to ResearchAndMarkets.com's offering.
The US physical therapy market is exhibiting a robust growth trend, with projections indicating a notable rise from $46.75 billion in 2023 to an impressive $87.83 billion by 2031. With a healthy Compound Annual Growth Rate (CAGR) of 8.2% forecasted between 2023 and 2031, industry stakeholders are poised to witness a dynamic expansion in the upcoming years.
Physical therapy remains an essential service in the healthcare sector, offering interventions that improve mobility, alleviate pain, and foster overall well-being. As an integral part of rehabilitation processes, physical therapy is centered around exercises that enhance bodily functions. The propensity for employing such therapeutic practices is driven by their proven effectiveness in recovering joint and muscle operations, thereby empowering individuals to undertake daily activities with increased confidence and reduced discomfort.
Contributing Factors and Challenges
A myriad of factors contribute to the growth of the US physical therapy market, including a discernible increase in patient autonomy, allowing direct access to therapeutic services. Furthermore, the heightened significance of physical therapists in managing health conditions underlines the market's potential for further expansion.
Despite the positive outlook, the sector confronts challenges, notably burnout among practitioners. Physical therapists are grappling with stress-induced by a necessity to provide top-tier patient care against a backdrop of stringent temporal and resource constraints.
Rehabilitation Centers Spearhead Industry Advancements
An in-depth analysis of the end-user landscape reveals that rehabilitation centers dominate the market share as of 2023 and project sustained growth through 2031. These institutions, distinct from those dealing with criminal or substance rehabilitation, are dedicated to delivering immediate and competent physical therapy, occupational therapy, and vestibular rehabilitation, among others.
Rehabilitation centers have carved a niche in the swift recuperation of patients, mitigating the hazard of repeat injuries and catering to long-term convalescents. They employ adept professionals and offer individualized care programs, advocating for the recuperation and enhanced independence of their clientele.
Expert Insights and Data Sources
The findings and forecasts presented in the US physical therapy market report are rooted in authoritative sources, such as the Parkinson's Foundation, Centers for Disease Control and Prevention, National Spinal Cord Injury Data Sheet, and Back Pain Statistics & Facts. The sourcing of data from preeminent organizations ensures that market stakeholders are well-informed and aligned with the most up-to-date insights in the field.
As the US physical therapy market advances, the confluence of these in-depth analyses and observed trends paints a picture of a healthcare sector that is both burgeoning and facing modern challenges with a steadfast commitment to enhancing patient care and well-being.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 80 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value (USD) in 2023 | $46.75 Billion |
| Forecasted Market Value (USD) by 2031 | $87.83 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | United States |
A selection of companies mentioned in this report includes, but is not limited to:
- ATI Physical Therapy, Inc.
- Physical Therapy Now
- The Jackson Clinics
- Select Physical Therapy
- Onward Physical Therapy
- PT SOLUTIONS
- Athletico Physical Therapy
- Confluent Therapy Solutions
- Peak Performance Physical Therapy
- Upstream Rehabilitation Inc.
For more information about this report visit https://www.researchandmarkets.com/r/xrre9q
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
