Physiotherapy Services Market Size, Share, and Industry Analysis, By Type (Hydrotherapy, Laser Light Therapy, Interferential Current Therapy, and Others), By Application (Orthopedic Therapy, General Therapy, Neurological Therapy, Cardiovascular Therapy, and Others), By Age Group (Pediatric and Adults), By Insurance (Public Health Insurance, Private Health Insurance, and Out-of-Pocket), By Service Provider (Hospitals, Outpatient Clinics, Physiotherapy Centers, and Others), and Regional Forecast, 2024-2032

Physiotherapy services are science-based healthcare services that aim to promote health and well-being practices among the general population. These services facilitate the development and aid in the patient's recovery, allowing them to function better and move normally. Physiotherapy services combine the hands-on manual and exercise-based techniques to enable the patients to achieve optimal outcomes.

The increasing prevalence of chronic diseases, including cardiovascular disorders and neurological disorders, amongst others, is resulting in the growing demand for physiotherapy services among the patient population. Additionally, the growing geriatric population requiring rehabilitation services to maintain their health and well-being and the increasing awareness about the benefits of physiotherapy services, among others, are other factors supporting the growing adoption of these services among patients.

Furthermore, the increasing number of physiotherapists, the rising emergence of customized treatment plans for physiotherapy services amongst patients, and the growing focus on reimbursement policies for these services are some of the other major factors contributing to the growing adoption of these services in the market.

• For instance, according to the 2022 statistics published by the World Physiotherapy Report, there are approximately 1,917,615 physiotherapists globally.

The COVID-19 pandemic hampered the market as the governments in several countries imposed various restrictions, such as a temporary halt for all elective services, which subsequently declined the demand for these services during the pandemic. Thus, the demand for these services further declined the overall adoption of physiotherapy services among patients, thus hampered the growth of the market during the pandemic.

Segmentation

Key Insights

The report covers the following key insights:

• Overview of Technological Advancements


• Prevalence of Key Diseases, Key Countries, 2023


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Physiotherapy Services Market

Analysis by Type

By type, the market is segmented into hydrotherapy, laser light therapy, interferential current therapy, and others. The hydrotherapy segment held a significant proportion of the global market in 2023. The growth is owing to the growing prevalence of mobility disorders amongst the population, further leading to a growing patient preference toward better treatment options such as physiotherapy services to maintain their health and well-being.

• For instance, according to data published by the Centers for Disease Control and Prevention, approximately 12.1% of adults have a mobility disability with serious difficulty walking or climbing stairs in the U.S.

This, along with the increasing benefits of hydrotherapy, including improved walking techniques, improved balance and coordination, and faster recovery after surgery, among others, are some of the other factors resulting in the growing adoption of hydrotherapy among patients, thereby contributing to the growth of the segment.

On the other hand, the laser light therapy segment is also expected to grow during the forecast period. The growth is due to the rising technological advancements in these devices, resulting in the rising demand for these physiotherapy services among the patient population. This, along with the growing focus of key players toward the introduction of innovative physiotherapy services among patients, is further likely to boost the growth of the segment in the market.

Regional Analysis

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The global market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominated the market in 2023 owing to the growing prevalence of cardiovascular diseases coupled with an increasing number of health-conscious population in the U.S. Individuals are actively shifting toward adopting non-invasive methods to maintain their well-being, which is one factor contributing to the market growth. In addition, the presence of key market players in the region who are significantly investing in research and development activities to launch new innovative services into the market to meet the growing needs of patients is also likely to support the growth of the market in the region.

On the other hand, Europe is also expected to grow with a considerable CAGR during the forecast period. The growth is due to the emerging geriatric population, which is resulting in a rising demand for these physiotherapy services among the general population. This, along with a rising focus of key players toward the acquisitions and partnerships to strengthen their presence, is further likely to support the growth of the market in the region.

• For instance, In May 2023, Bupa partnered with Ascenti, a healthcare provider, with an aim to offer face-to-face physiotherapy appointments across the U.K. Thus, a growing number of partnerships and collaborations among the key players is likely to support the growing adoption of these services among the patients

Key Players Covered

The report includes the profiles of key players, such as Full Motion Physio, Graceville Physiotherapy, AmeriCare Physical Therapy, Olean Physical Therapy Professionals, and P.T. Services Rehabilitation, Inc.

Key Industry Developments

• In January 2024, Modus Physiotherapy collaborated with Shrewsbury School to provide physiotherapy treatment clinics for quick assessments of any musculoskeletal injuries among pupils.


• In November 2023, HBF Physio Clinics established six clinics to cater to the growing demand for physiotherapy services among the general population across Western Australia.


• In January 2023, Hydro Physio, a U.K.-based manufacturer, launched a new hydrotherapy system to improve general fitness and rehabilitation following injury or surgery among Arab Health patients.