Physical Therapy Services Market Trends and Projections

The physical therapy services market is estimated to increase from US$70.7 Bn in 2024 to US$102.2 Bn by 2031. The market is projected to record a CAGR of 5.4% during the forecast period from 2024 to 2031. The market is driven by factors such as an aging population, rising chronic conditions, and the adoption of telehealth services. This growth can be attributed to several key factors, including increased recognition of the importance of rehabilitation and therapy in post-surgery recovery, rising sports injuries, and a growing population of aging individuals. The expansion of physical therapy services is not limited to traditional clinic settings but is expanding into new modalities such as home care, telehealth, and outpatient rehabilitation services.