The Physiotherapy Market is being driven by Growing number of healthcare providers
The Physiotherapy Market is expected to grow at a CAGR of 5.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 16405.7 million. In the evolving healthcare landscape, diagnostic and clinical services, including hospitals, are transitioning from a supply-based infrastructure to a demand-driven model. This shift is fueled by the increasing consumer demand for personalized healthcare services and their willingness to invest in various treatments, such as disease diagnostics, hospital-based therapies, and post-treatment patient care. This surge in demand empowers service providers to upgrade their facilities with advanced laboratories, patient accommodations, and medical equipment. The enhancement of healthcare infrastructure and patient care services broadens the scope of hospital offerings, encompassing physiotherapy treatments to facilitate smoother recovery from illnesses.
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The market is segmented based on segments_for_ai.nslist
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
199 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.8% |
Market growth 2025-2029 |
USD 16405.7 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
5.2 |
Key countries |
US, China, Denmark, Germany, India, Japan, UK, Canada, South Korea, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The physiotherapy market caters to various healthcare needs, focusing on improving movement and function for individuals dealing with old age, injuries, pain, and disorders. Medical specialists, including physical therapists, play a crucial role in rehabilitating patients with chronic diseases, functional mobility issues, and conditions affecting ligaments, nerves, muscles, and even the back and neck. The aging population, road accidents, unhealthy eating habits, and stressful lifestyles contribute to the market's growth. Rehabilitation centers and physiotherapy devices are essential resources for addressing injuries and conditions like stroke, Parkinson's disease, and more.
The physiotherapy market, a significant segment of the healthcare industry, encompasses businesses providing services that enhance movement and function for individuals dealing with injuries, pain, illnesses, disorders, and functional mobility challenges. Driven by the aging population, this market's growth is substantial. By 2050, approximately one-quarter of the US and European populations are projected to be over 60 years old. This demographic shift increases the demand for physiotherapy services as medical specialists, families, and carers seek to improve the quality of life for older adults. The physiotherapy industry's growth is also influenced by the increasing prevalence of injuries and disorders. As medical innovations continue to emerge, physical therapists play a crucial role in restoring and maintaining optimal physical function.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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