Physical Therapists in the US - Industry Market Research Report

Physical Therapists in the US - Industry Market Research Report

  • November 2020 •
  • 54 pages •
  • Report ID: 198589 •
  • Format: PDF
On the rebound: Medicare reimbursement caps for physical therapy may constrain revenue growth

Abstract

Physical Therapists in the US
Over the five years to 2019, the role of physical therapy in promoting health and wellness has increased, benefiting this industry. As the number of individuals aged 50 and older has grown, more people have required physical rehabilitation to improve mobility, relieve pain and prevent or limit physical disabilities. Furthermore, many therapists in conjunction with other healthcare providers have assisted patients with chronic illnesses by creating individually tailored wellness programs. Although physical therapy provided by hospitals is excluded from this industry, many hospitals outsource their physical therapy services, benefiting industry operators. Over the five years to 2024, industry revenue is forecast to continue growing.

Operators in this industry include independent health practitioners primarily engaged in outpatient services. These services include administering medically prescribed rehabilitation for patients suffering from injuries or muscle, nerve, joint and bone disease; planning and administering educational, recreational and social activities designed to help patients or individuals with disabilities; and diagnosing and treating speech, language or hearing problems.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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