Key Takeaways
Key players operating in the global physiotherapy services market: Key players operating in the global physiotherapy services market are ProRehab Physical Therapy, Physiotherapy Associates, Encompass Health, Upright Health, Select Medical Corporation, Rehacare, Celtic Healthcare, ATI Physical Therapy, GymnaUniphy, The Movement Clinic, Fyzical, Aspetar, Athletico Physical Therapy, Physitrack, Apollo Hospitals Enterprise Ltd.
Growing demand in the market: Rising geriatric population, increasing cases of sports injuries and accidents, growing incidence of chronic diseases and disorders are fueling the demand for physiotherapy services globally. Physiotherapy helps reduce pain and disability, improve or restore mobility and manage long-term health conditions.
Global expansion of market: Key players in the physiotherapy services market are expanding their global footprint by entering emerging markets through acquisitions, collaborations and opening new clinics. Strategic partnerships with hospitals, sports organizations and establishing telephysiotherapy services are further facilitating global market expansion.
Market Drivers
Aging population: The proportion of elderly people aged 65 years and above is growing worldwide due to increased life expectancy and declining fertility rates. Older adults are more prone to mobility issues, chronic conditions and injuries requiring physiotherapy interventions, driving higher demand.
Growing incidence of non-communicable diseases: Conditions like cardiovascular diseases, cancer, diabetes and musculoskeletal disorders requiring physiotherapy are on the rise globally due to lifestyle changes and urbanization. This is a major growth driver for Global Physiotherapy Services Market Size worldwide.
The current geopolitical situation is expected to impact the growth of the global physiotherapy services market over the forecast period in various ways. The ongoing Russia-Ukraine conflict and rising political tensions between major economies are leading to supply chain disruptions and inflated costs of equipment, materials and medicines required for physiotherapy treatments. This is negatively impacting the accessibility as well as affordability of physiotherapy services globally. Furthermore, diversion of healthcare resources towards war-related medical aid is reducing funding and focus on preventive and rehabilitative care like physiotherapy in many countries.
At the same time, societal emphasis on maintaining good physical and mental health is increasing post-pandemic. This is bolstering demand for physiotherapy treatments targeting conditions like back pain, arthritis, injury recovery etc. To counter prevailing challenges, key players must forge international collaborations, optimize available local resources and expand service offerings through online and hybrid modes of delivery. Telephysiotherapy is gaining traction and allows serving wider areas cost-effectively. Players should also focus on emerging economies in Asia Pacific and Latin America which are relatively less impacted currently and have growing geriatric populations.
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