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The market for occupational and physical therapy services is anticipated to grow at a CAGR of 17.8% from 2023 to 2030.
Recently, the U.S. has seen a sharp increase in the demand for occupational and physical therapy treatments. The quality of life for those with cognitive impairments, mobility disorders, chronic pain, and injuries is greatly improved by these treatments. Additionally, these treatments assist in reducing the development of chronic illnesses from short-term disability. The main factors boosting the market's growth are the rising incidence of chronic diseases in the U.S. and the rise in sports injuries.
The market for occupational and physical therapy services was growing before the COVID-19 epidemic. For instance, a cross-sectional survey was carried out in Japan in June 2022, according to a study that was published in Frontiers in Public Health. When compared to occupational therapists working in the physical health field, it was shown that mental health occupational therapists experienced a greater decline in therapy quality, an increase in workload, and a slower rate of decline in working hours. Additionally, according to an article that appeared in RBMT in April 2021, a sizeable portion of the working population has been affected by the pandemic, and those who require prolonged hospitalization and intensive care have suffered physical, psychological, and cognitive effects that have resulted in functional incapacity. Therefore, in order to recover from their medical condition, this population needed both physical and occupational treatments. The pandemic's effect on market growth has been caused by this. However, the demand for occupational and physical therapy services has increased due to the rise in sports injuries and resumption of therapy services, and the market is anticipated to reach its full potential over the course of the projected period.
The market is anticipated to increase as a result of factors including the rise in occupational and physical therapists, accessibility of medical reimbursements, and the frequency of sports injuries. Around the world, governments are paying close attention to occupational health. Following the level of health of all workers, new laws and policies have been drafted, or some current laws and policies have been revised. To unify and reform the legislation governing workplace safety and health, for instance, the Indian government passed the workplace Health and Safety Act in September 2020. The working conditions of those who are employed in an establishment as well as items related thereto will be modified by this act. These government initiatives, which are promoting the development of the market under study, are aimed at raising awareness of occupational health and safety among working groups.
Virtual reality, robotics, and 3D printing are a few of the major technological advances in Occupational & Physical Therapy Services. In order to aid patients with rehabilitation, virtual reality is being employed more and more in occupational and physical therapy services. It can be used to motivate patients and give them feedback as well as to assist them practice activities and movements. Another topic that is growing in popularity in occupational and physical therapy services is robotics. Patients can benefit from robotic assistance for activities including lifting, moving, and walking. Additionally, the usage of 3D printing in occupational and physical therapy services is increasing. Custom braces, splints, and other tools can be produced via 3D printing to assist patients in their recovery.
Setting, application, payer, and location are the segments used to divide the market for occupational and physical therapy services. The market is divided into hospitals, outpatient clinics, and other settings. The market is divided into categories for orthopedic physical therapy, geriatric physical therapy, neurological physical therapy, and cardiac and pulmonary physical therapy based on the applications they are used for. The market is divided into two groups based on payor: public health insurance and private health insurance/out-of-pocket. The market is divided into four geographic groups: North America, Europe, Asia-Pacific, and the Rest of the World.
Report Coverage
Global Occupational & Physical Therapy Services research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Occupational & Physical Therapy Services report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Occupational & Physical Therapy Services competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Occupational & Physical Therapy Services market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Occupational & Physical Therapy Services market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Occupational & Physical Therapy Services market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Athletico Physical Therapy, Upstream Rehabilitation Inc., U.S. Physical Therapy, Encompass Health Corporation, ATI Physical Therapy, PT SOLUTIONS, Select Medical, WebPT, Premise Health and Kindred Healthcare, LLC, LifePoint Health, Inc (U.S.), others
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Occupational & Physical Therapy Services market based on the below-mentioned segments:
Global Occupational & Physical Therapy Services Market, By Setting
Hospitals
Outpatient Clinics
Others
Global Occupational & Physical Therapy Services market, By Application
Orthopedic Therapy
General Therapy
Geriatric Therapy
Pediatric Therapy
Neurological Therapy
Others
Global Occupational & Physical Therapy Services market, Regional Analysis
Recently, the U.S. has seen a sharp increase in the demand for occupational and physical therapy treatments. The quality of life for those with cognitive impairments, mobility disorders, chronic pain, and injuries is greatly improved by these treatments. Additionally, these treatments assist in reducing the development of chronic illnesses from short-term disability. The main factors boosting the market's growth are the rising incidence of chronic diseases in the U.S. and the rise in sports injuries.
The market for occupational and physical therapy services was growing before the COVID-19 epidemic. For instance, a cross-sectional survey was carried out in Japan in June 2022, according to a study that was published in Frontiers in Public Health. When compared to occupational therapists working in the physical health field, it was shown that mental health occupational therapists experienced a greater decline in therapy quality, an increase in workload, and a slower rate of decline in working hours. Additionally, according to an article that appeared in RBMT in April 2021, a sizeable portion of the working population has been affected by the pandemic, and those who require prolonged hospitalization and intensive care have suffered physical, psychological, and cognitive effects that have resulted in functional incapacity. Therefore, in order to recover from their medical condition, this population needed both physical and occupational treatments. The pandemic's effect on market growth has been caused by this. However, the demand for occupational and physical therapy services has increased due to the rise in sports injuries and resumption of therapy services, and the market is anticipated to reach its full potential over the course of the projected period.
The market is anticipated to increase as a result of factors including the rise in occupational and physical therapists, accessibility of medical reimbursements, and the frequency of sports injuries. Around the world, governments are paying close attention to occupational health. Following the level of health of all workers, new laws and policies have been drafted, or some current laws and policies have been revised. To unify and reform the legislation governing workplace safety and health, for instance, the Indian government passed the workplace Health and Safety Act in September 2020. The working conditions of those who are employed in an establishment as well as items related thereto will be modified by this act. These government initiatives, which are promoting the development of the market under study, are aimed at raising awareness of occupational health and safety among working groups.
Virtual reality, robotics, and 3D printing are a few of the major technological advances in Occupational & Physical Therapy Services. In order to aid patients with rehabilitation, virtual reality is being employed more and more in occupational and physical therapy services. It can be used to motivate patients and give them feedback as well as to assist them practice activities and movements. Another topic that is growing in popularity in occupational and physical therapy services is robotics. Patients can benefit from robotic assistance for activities including lifting, moving, and walking. Additionally, the usage of 3D printing in occupational and physical therapy services is increasing. Custom braces, splints, and other tools can be produced via 3D printing to assist patients in their recovery.
Setting, application, payer, and location are the segments used to divide the market for occupational and physical therapy services. The market is divided into hospitals, outpatient clinics, and other settings. The market is divided into categories for orthopedic physical therapy, geriatric physical therapy, neurological physical therapy, and cardiac and pulmonary physical therapy based on the applications they are used for. The market is divided into two groups based on payor: public health insurance and private health insurance/out-of-pocket. The market is divided into four geographic groups: North America, Europe, Asia-Pacific, and the Rest of the World.
Report Coverage
Global Occupational & Physical Therapy Services research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Occupational & Physical Therapy Services report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Occupational & Physical Therapy Services competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Occupational & Physical Therapy Services market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Athletico Physical Therapy, Upstream Rehabilitation Inc., U.S. Physical Therapy, Encompass Health Corporation, ATI Physical Therapy, PT SOLUTIONS, Select Medical, WebPT, Premise Health and Kindred Healthcare, LLC, LifePoint Health, Inc (U.S.), others |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Occupational & Physical Therapy Services Market from 2021 to 2030.
- Market Forecast for Occupational & Physical Therapy Services Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Occupational & Physical Therapy Services competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Occupational & Physical Therapy Services
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Occupational & Physical Therapy Services market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Occupational & Physical Therapy Services market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Athletico Physical Therapy, Upstream Rehabilitation Inc., U.S. Physical Therapy, Encompass Health Corporation, ATI Physical Therapy, PT SOLUTIONS, Select Medical, WebPT, Premise Health and Kindred Healthcare, LLC, LifePoint Health, Inc (U.S.), others
Primary Target Market
- Market Players of Occupational & Physical Therapy Services
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Occupational & Physical Therapy Services market based on the below-mentioned segments:
Global Occupational & Physical Therapy Services Market, By Setting
Hospitals
Outpatient Clinics
Others
Global Occupational & Physical Therapy Services market, By Application
Orthopedic Therapy
General Therapy
Geriatric Therapy
Pediatric Therapy
Neurological Therapy
Others
Global Occupational & Physical Therapy Services market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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