The global physiotherapy services market is projected to grow substantially over the next decade, reaching a value of USD 79.34 billion by 2031. The rising prevalence of chronic diseases such as cardiovascular diseases, diabetes, and cancer has increased the demand for post-surgery rehabilitation, propelling market growth. Additionally, the growing geriatric population susceptible to injuries and chronic conditions has further expanded the need for physiotherapy services. This blog post delves into the market dynamics, trends, segment analysis, recent developments, market takeaways, regional outlook, and key players to provide insight into the growth of the physiotherapy services market.
Market Growth Projection:
- The global physiotherapy services market is estimated to be valued at US$55.23 billion in 2024 and is expected to achieve a CAGR of 5.3% between 2024 and 2031, reaching USD 79.34 billion by 2031.
Market Dynamics:
- Driven by the increasing prevalence of chronic diseases like cardiovascular diseases, diabetes, and cancer, necessitating post-surgery rehabilitation.
- The rapid geriatric population is more susceptible to injuries and chronic conditions, fueling demand for physiotherapy services.
Market Trends:
- The rising popularity of aquatic physiotherapy is due to its effectiveness in conditions like arthritis, back pain, and osteoporosis.
- The emergence of robot-assisted physiotherapy, utilizing robotics for precise and repeatable therapy sessions.
Segment Analysis:
- Cardiopulmonary Physiotherapy:
Expected to dominate the market due to addressing chronic respiratory conditions, heart disease, and post-surgical complications.
- Orthopedic Physiotherapy:
Significant growth is anticipated to improve mobility and reduce pain from musculoskeletal injuries and conditions.
Market Takeaways:
- Expected CAGR of 5.3% during 2024–2031, driven by a growing elderly population and chronic health conditions.
- The cardiopulmonary segment is poised to hold a dominant position with over 25% market share.
- The pediatrics segment is expected to lead in the end-use population.
Regional Outlook:
North America is set to dominate due to its developed healthcare infrastructure and increased healthcare spending.
Source: Coherent Market Insights
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