Physical Therapists in the US - Industry Market Research Report
Description
Physical Therapists in the US - Industry Market Research Report
Physical Therapists in the US
Physical therapists have an expanding role in public health. Demographic trends are behind this shift, as an aging population requires physical therapy (PT) to treat age-related ailments. Therapists also get a boost from broader healthcare trends as PT gains momentum as a solution to control healthcare costs and transition to value-based payments. Rising health expenditure and heightened insurance coverage have also facilitated access to physical therapy. But, COVID-19 disrupted the industry's growth as patient volumes dropped, creating long care backlogs. While practices have seen patient numbers recover, rising cost pressures and persistent workforce shortages continue to alter the industry's landscape. Recession concerns and steadying patient volumes will dent health expenditure in 2023, leading revenue to rise a subtle 0.3% in 2023. Yet, strong growth over the past five years offsets this, with revenue expanding at a CAGR of 1.6% to $48.8 billion.
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.
Physical Therapists in the US
Physical therapists have an expanding role in public health. Demographic trends are behind this shift, as an aging population requires physical therapy (PT) to treat age-related ailments. Therapists also get a boost from broader healthcare trends as PT gains momentum as a solution to control healthcare costs and transition to value-based payments. Rising health expenditure and heightened insurance coverage have also facilitated access to physical therapy. But, COVID-19 disrupted the industry's growth as patient volumes dropped, creating long care backlogs. While practices have seen patient numbers recover, rising cost pressures and persistent workforce shortages continue to alter the industry's landscape. Recession concerns and steadying patient volumes will dent health expenditure in 2023, leading revenue to rise a subtle 0.3% in 2023. Yet, strong growth over the past five years offsets this, with revenue expanding at a CAGR of 1.6% to $48.8 billion.
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.
Table of Contents
51 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
