PHYSICAL THERAPY REHABILITATION SOLUTIONS MARKET ANALYSIS

Physical Therapy Rehabilitation Solutions Market Size and Trends

Global physical therapy rehabilitation solutions market is estimated to be valued at USD 27.12 Bn in 2024 and is expected to reach USD 45.40 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.

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Global physical therapy rehabilitation solutions market growth is driven by rising geriatric population, increasing incidence of chronic diseases like arthritis, cancer, cardiovascular diseases and neurological disorders. As physical therapy plays an important role in treatment of these medical conditions, there has been huge demand for physical therapy rehabilitation solutions from hospitals, specialty clinics, long-term care centers and others is projected to increase markedly. Additionally, technological advancements in physical therapy equipment will further contribute to the growth of this market in the coming years.

Rising incidences of sports-related injuries

Rising incidences of sports injuries can drive the market growth. Nowadays, many people are taking up sports and fitness activities for leisure and as a career. However, this led to increase in the number of injuries caused due to overexertion or improper training techniques. Sports like football, basketball, rugby, and others can cause musculoskeletal injuries like tears, fractures if preventive measures are not taken. According to the data published by WHO in 2021, sports injuries accounted for over 10% of all physical injuries from non-fatal road accidents. Knee injuries were the most commonly reported sports injury, followed by ankle sprains. Thus, there has been increase in economic burden of medical costs for treating such injuries. This boosts demand for physical therapy and rehabilitation solutions. With the help of techniques like cryotherapy, heat therapy, ultrasound, massage and specific exercises, physical therapists help injured athletes and sports enthusiasts recover faster and prevent long-term damage. These assist in reducing pain, regenerating tissues, improving range of motion and regaining muscle strength. Various pumps, wraps and other tools aid in speeding up the healing process. Growing sports culture and awareness about benefits of early physical therapy intervention drives more people to opt for such treatment measures. Sports federations and clubs are also focusing on strengthening injury prevention and rehabilitation programs. For instance, according to NSC Injury Facts in July 2021, approximately 3.2 million individuals in the U.S. sought emergency department treatment for injuries related to sports and recreational activities like exercise, cycling, and basketball. According to an published by Orthopaedic Journal of Sports Medicine in June 2022, 6,785 injuries from soccer matches and 5,035 injuries from soccer training sessions were reported in Italy in 2021.

Rapid aging of global population

Aging is a worldwide phenomenon with projections indicating a sharp rise in the percentage of elderly individuals aged 65 years and above in the total population over the coming decades. Advanced age naturally increases the biological degeneration in body structures and predisposes an individual to mobility issues, muscle weakness, loss of balance and risk of falls. Post-operative recovery, joint replacements and age-related declines often necessitate physical therapy for the older population. Physiotherapists perform comprehensive geriatric assessments to evaluate areas of concern related to activities of daily living, identify deficits and tailor therapy programs focused on safety, falls prevention and functional independence. These even train caregivers to correctly assist senior citizens at home. With advanced medical interventions extending lifespans, there has been huge demand for rehabilitative care in elderly care settings and retirement communities to enhance quality of remaining years and help aging-in-place. Nations with expanded medical services and better socio-economic conditions witness increase in life expectancies, and this will boost demand for physical therapy services in the near future.