The physical therapy rehabilitation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Physical Therapy Rehabilitation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The physical therapy rehabilitation market size has grown strongly in recent years. It will grow from $22.97 billion in 2023 to $25.17 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to increased awareness of preventive healthcare, technological advancements, aging population, rising incidence of chronic diseases, and expanding insurance coverage.
The physical therapy rehabilitation market size is expected to see strong growth in the next few years. It will grow to $36.44 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to healthcare demand, technological advancements, aging population, insurance coverage, and regulatory changes. Major trends in the forecast period include growing demand for telerehabilitation services due to pandemic-induced restrictions on in-person visits, increasing integration of AI and wearable tech, expanding geriatric population, rise in sports injuries, and emphasis on preventive care and wellness.
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Scope Of Physical Therapy Rehabilitation Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Physical Therapy Rehabilitation Market Overview
Market Drivers –
The rising number of accidents and injury cases is expected to propel the physical therapy rehabilitation market going forward. The surge in the number of accidents and injury cases is due to distracted driving, inadequate safety measures, and heightened risk-taking behavior. Physical therapy rehabilitation is crucial in aiding recovery and restoring mobility for individuals involved in accidents and injury cases. For instance, in October 2023, according to a report by the European Commission, a Belgium-based part of the executive of the European Union, there were 20,640 deaths on EU roads last year, marking a 4% increase compared to 2021 as traffic levels recovered after the pandemic. Therefore, the rising number of accidents and injury cases is driving the growth of the physical therapy rehabilitation market.
Market Trends –
Major physical therapy rehabilitation market companies are focused on adopting advanced technologies with artificial intelligence (AI)-powered physical therapy rehabilitation solutions to gain a competitive edge. These AI-based solutions enhance patient care, streamline therapy sessions, and improve patient treatment outcomes. It utilizes machine learning algorithms to analyze patient data, track progress, customize treatment plans, and provide real-time feedback to therapists and patients. For instance, in February 2021, Fujitsu Limited, a Japan-based information and communication technology company, launched Fujitsu Healthcare Solution HOPE ROMREC, an AI-powered physical rehabilitation solution. The solution leverages AI technology to measure shoulder and elbow joint range of motion from rehabilitation session videos, offering medical institutions such as hospitals and clinics an efficient tool for rehabilitation and orthopedic therapies. The key features include an automatic joint range of motion measurement using an image analysis AI engine, a voice input function for measured values, and accessible data linkage with electronic medical records systems.
The physical therapy rehabilitation market covered in this report is segmented –
1) By Solution: Software, Hardware
2) By Application: Hip Joint, Spinal Cord Injuries, Forearms And Wrist Joints, Shoulder And Elbow Joint, Knee Joint, Other Applications
3) By End User: Ambulatory Surgical Centre, Self-insured Employer, Healthcare IDN (Integrated Delivery Network), Commercial Payer, Government Organization, Physiotherapy Clinics, Hospitals, Homecare And Rehabilitation Centers
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Regional Insights –
North America was the largest region in the physical therapy rehabilitation market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the physical therapy rehabilitation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the physical therapy rehabilitation market are Medline Industries LP, Baxter International Inc., Cerner Corporation, Smith+Nephew, Invacare Corporation, Caremax Rehabilitation Equipment Co. Ltd, eviCore healthcare MSI LLC, Drive DeVilbiss Healthcare, SWORD Health Inc, Kareo Inc, Hinge Health Inc, Saunders Group, Reflexion Health, Graham-Field, Isalus LLC, Dynatronics Corporation, Meditab, Alimed Medical Supplies, Carex Health Brands, Roma Medical Aid Ltd, Motekforce Link, Hausmann Industries, GestureTek HEALTH, TherapySync, MIRA Rehab Limited
Table of Contents
1. Executive Summary
2. Physical Therapy Rehabilitation Market Report Structure
3. Physical Therapy Rehabilitation Market Trends And Strategies
4. Physical Therapy Rehabilitation Market – Macro Economic Scenario
5. Physical Therapy Rehabilitation Market Size And Growth
…..
27. Physical Therapy Rehabilitation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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