GLOBAL PHYSIOTHERAPY SERVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global Physiotherapy Services Market Size and Trends

Physiotherapy services market is estimated to be valued at USD 55.23 Bn in 2024 and is expected to reach USD 79.34 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.

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The market is witnessing positive growth trends over the past few years. With rising geriatric population worldwide and growing prevalence of chronic diseases such as diabetes, cardiovascular disorders and obesity, the need for physiotherapy services has increased tremendously. Moreover, advancement in physiotherapy treatments along with gaining popularity of innovative options like aquatic therapy, PILATES and gyrokinesis is driving more patients to opt for these services. Further, growing awareness about the role of physiotherapy in expedited recovery from injuries and surgeries has boosted market penetration. However, shortage of skilled professionals especially in developing nations and low awareness in rural areas poses a challenge to market growth.

Rising Prevalence of Chronic Diseases

Physiotherapy services are witnessing increased demand primarily due to rising prevalence of chronic diseases and disorders worldwide. Chronic conditions such as cardiovascular diseases, diabetes, obesity, neurological disorders, and others are no longer restricted to older age groups alone. Younger population is also getting affected nowadays, owing to changing lifestyles and increased stress levels. Physiotherapy plays a crucial role in managing many chronic health issues and improving quality of life for patients. As healthcare providers and insurance firms look to scale up prevention-focused services, physiotherapists are expected to play a much bigger role as part of multidisciplinary teams managing chronic care patients. This will contribute towards greater acceptance and utilization of physiotherapy clinics as first point of contact for several chronic diseases.

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Another important driver for  growth of physiotherapy service market is ageing demographics in many countries worldwide. With substantial increase in average life expectancy, the number of elderly citizens requiring some form of medical assistance or support is proliferating rapidly. Old age directly translates to higher risk of mobility issues, musculoskeletal conditions, frailty and injuries resulting from falls. Physiotherapy is imperative in this context as it focuses on restoration, maintenance and promotion of optimum physical functionality among geriatric patients.

Concerns around musculoskeletal health assume special significance as bone density and muscle strength gradually weaken with advancing age. Physiotherapy plays a role in fall prevention, chronic pain management, age-related joint and spinal issues through tailored therapeutic exercises and manual therapies. It also supports independent living among older adults by improving balance, gait, overall mobility and quality of life.