The Physical Therapists industry has benefited in the past five years from an aging population and increased prevalence of chronic diseases, both of which have expanded demand for industry services. Additionally, higher rates of private health insurance resulting from federal healthcare reform have made industry services affordable to more of the population. Despite expanding revenue, however, physical therapists have faced significant cost pressures, and consolidation and specialization within the industry have increased. Furthermore, Medicare reimbursement caps and cuts could present an impediment to industry growth in the five years to 2021.
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.