US Physical Therapy Market is expected to reach US$ 87.83 billion by 2031

Ultrasound Therapy Segment to Lead US Physical Therapy Market During 2023–2031

According to our new research study on “US Physical Therapy Market Forecast to 2031 – Global Analysis – by Therapy, Application, Age Group, End User, and Geography,” the market was valued at US$ 46.75 billion in 2023 and is projected to reach US$ 87.83 billion by 2031; it is expected to register a CAGR of 8.2% from 2023 to 2031. Physical therapy is a component of rehabilitation that involves exercises of parts such as the back, upper arms, and legs to modulate their physiology for the betterment of health. This type of therapy aids in improving joint and muscle function, helping people stand, balance, walk, and climb stairs with confidence. Physical therapy includes exercises aiding active body movements, and the treatments are based on physical stimuli such as heat, cold, electrical currents, and ultrasound. Key factors driving the market growth include the surging importance of physical therapists in the recovery process of patients undergoing treatments for disabilities, injuries, and chronic conditions. Physical therapy is crucial in effectively managing conditions such as neurological diseases, and sports injuries. In addition, therapists can offer preventive care, rehabilitation, education, and treatment to patients with chronic conditions. Moreover, physical therapists these days are highly stressed as they need to deliver excellent patient care with limited time and resources, which may hamper the US physical therapy market growth.

US Physical Therapy Market Analysis Based on Segmental Evaluation:

The scope of the US physical therapy market report entails its analysis based on the following segments: therapy, application, age group, and end user. By therapy, the market is categorized into laser therapy, electrotherapy, cryotherapy, ultrasound, heat therapy, and other therapies. The ultrasound therapy segment held a significant US physical therapy market share in 2023, and it is estimated to register a high CAGR during the forecast period. Ultrasound is a proven physical therapy method with high safety and efficiency. It is commonly employed to treat muscle strains and sports injuries, osteoarthritis, chronic back pain, and joint inflammation, among other conditions. It is used in chronic pain management by improving tissue extensibility and circulation to enhance the healing process of muscles, joints, and ligaments.

US Physical Therapy Market

Based on application, the market is segmented into orthopedic, neurological, cardiovascular and pulmonary, and others. The orthopedic segment held a significant US physical therapy market share in 2023, and it is further estimated to register the highest CAGR during 2023–2031. The growing prevalence of musculoskeletal disorders, increasing participation in sports activities, and surging incidence of sports injuries and fractures are the key factors contributing to the growth of the market for the orthopedic segment. According to the Osteoarthritis Action Alliance 2023, arthritis affected ~53.2 million adults in the US in 2021; the number is further expected to reach 78 million by 2040. Per the same source, osteoarthritis is the most common form of arthritis affecting US citizens, with nearly 32.5 million adults in the country suffering from the condition. Many adults with arthritis have moderate or severe joint pain. Various physical therapy services provided by orthopedic physical therapists include injury recovery/surgery recovery, pain management exercises, sports injury rehabilitation, sports medicine education and exercises, and strength-building exercises. Thus, the burgeoning demand for physical therapy for different medical applications fuels the expansion of the US physical therapy market size.

By end user, the US physical therapy market is segmented into hospitals and clinics, rehabilitation centers, sports and fitness facilities, and other end users. The market for the rehabilitation center segment is estimated to grow at the highest CAGR during the forecast period; the projected market growth can be attributed to the speedy recovery and decreased possibility of re-injury among patients in these centers after they undergo physical therapy sessions.

The demand for physical therapy is expected to rise in the US, largely due to an aging population and an increase in chronic conditions. According to the Parkinson's Foundation, symptoms of Parkinson's disease become evident at an average age of 60. For instance, ~90,000 Americans are diagnosed with Parkinson's disease yearly. The organization also states that nearly 1 million people in the US have this disease, and the number is expected to reach ~1.2 million by 2030. According to the National Spinal Cord Injury Data Sheet 2022, nearly 18,000 new Spinal Cord Injury cases are diagnosed yearly in the US. The 2023 United States Spinal Cord Injury Statistics state that ~302,000 people in the country have suffered a traumatic spinal cord injury. Neurological physical therapy is a specialty focused on treating individuals with neurological conditions and helping them restore functional mobility, strength, balance, and coordination. According to Back Pain Statistics & Facts published in June 2023, 8 in 10 Americans experience back pain in their lifetime. Annually, 50% of all working Americans (80 million people) struggle with back pain symptoms. As per the Disability & Health data updated by the Centers for Disease Control and Prevention in May 2023, 27% of adults (1 in 4) in the US have some disability, and nearly 39 million Americans have motor impairments. Physical impairment is the most common disability in the US, and 12.1% (1 in 7 adults) of adults have a mobility disability with difficulty walking or climbing stairs. Physical therapists help improve motor skills and prevent the worsening of movement issues over time.

Physical therapists are qualified medical professionals who prescribe therapeutic exercises, provide hands-on treatment, and educate patients to enhance their quality of life. According to the Physical Therapy Statistics & Facts published in July 2023, the US had ~578,565 physical therapists. The country records ~300 million physical therapy visits annually in various settings, ranging from private clinics and local hospitals to residential care facilities. Physical therapists provide care for patients of all ages in the country, treating a wide variety of conditions. Many physical therapists acquire board certification from the American Board of Physical Therapy Specialties to practice in specific areas, including neurology, wound care, pulmonology, clinical electrophysiology, and orthopedics. Thus, the growing burden of chronic conditions, increasing need for physical therapists, rising initiatives to open therapy clinics and surging number of physical therapy clinics bolster the US physical therapy market growth.

ATI Physical Therapy, Inc, Physical Therapy Now, The Jackson Clinics, Select Physical Therapy, Onward Physical Therapy, PT SOLUTIONS, Athletico Physical Therapy, Confluent Therapy Solutions, Upstream Rehabilitation Inc., and Peak Performance Physical Therapy are among the leading companies profiled in the US physical therapy market report.

Based on therapy, the US physical therapy market is categorized into laser therapy, electrotherapy, cryotherapy, ultrasound, heat therapy, and other therapies. In terms of application, the market is classified into orthopedic, neurological, cardiovascular and pulmonary, and others. By age group, the market is categorized into pediatrics, adult, and geriatric. In terms of end user, the market is segmented into hospitals and clinics, rehabilitation centers, sports and fitness facilities, and other end users.

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