The Physical Therapy Services Market is likely to grow on a robust note in the next decade. The next decade would be seeing the integration of telehealth services with the physical ones that exist at the moment. Urgent care and primary care are bound to be accessed through virtual visits, along with improvement in collaboration with the clinics, dialysis centres, long-term care facilities, and mental health services. This shifting is to be witnessed in the healthcare vertical shortly.
Physical therapy services has helped a lot in promoting health and wellness, these are specially designed exercises to help patient gain physical abilities. The physical therapy is given to patients with musculoskeletal birth defects, effect of any injury or surgery or due to stroke. Thy physical therapist name differ from country to country, some countries calls physiotherapists, while some are known as kinesiologist.
The physiotherapist helps to restore the patient’s natural functional ability. Physical therapists help people at any age group from newborns to the ageing, injury, surgery, diseases, and disorders, or any environmental conditions. Physical therapy market trends propose that demands of such therapies will increase among end users due to rise in accidents, and sedentary lifestyle that follows diseases and disorders.
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Medical advances have increased the survival rate of premature infants, and trauma and stroke victims, who then need assessment and possible treatment in Physical related problems. These therapy help to restore the standard and quality of life, by looking at emotional, psychological, physical and social wellbeing. The physical therapy is a dynamic profession, which involves around theoretical and scientific base and has wide range of clinical applications. The work of physical therapist is to ensure clinical judgment, formulate diagnosis, provide consultation, implementation of the treatment programme, and determine the outcome of the treatment with recommendations for self- supervision.
Increase in awareness of the importance of physical therapy, without any side effects will boost the demand of Physical therapy services over the forecast years. Physical therapy are provided to people in variety of settings such as hospitals, outpatient clinics, private practices, sports and fitness activities and others. Demand of Physical therapy services is increasing in elementary and secondary school for special education students and in sports and fitness center. Increasing demand for contract based and direct services to individuals in hospitals, schools, and nursing care facilities is expected drive the growth of Physical therapy services in near future. Lack of knowledge about physical therapy, lack of physical therapy centers in developing countries and high cost may restrain the market growth in the near future.
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The global Physical Therapy Services market is segmented on basis of application, age group, end user, and geography
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The global Physical therapy services market is segmented by application, age group, end user and geography. On the basis of application, the physical therapy market is segmented based on orthopedic physical therapy, geriatric physical therapy, neurological physical therapy, cardiopulmonary and pulmonary physical therapy and various other applications such as vestibular rehabilitation and women’s health. Based on the age group, global physical therapy services market is segmented as pediatric, adult and elderly population.
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Rise in incidence of orthopedic disorders, increased awareness about physical therapy, greater insurance coverage for aging population, higher prevalence of chronic diseases among aging population and the will among adults to maintain the physical wellness and new services launch is expected to drive the global physical therapy services market during the forecast period. Whereas inadequate access to health care, cost and lack of availability of essential services in remote areas, insufficient number of healthcare professional for physical therapy and lack of standardized tools for treatment is expected to hinder the growth of global Physical therapy services market.
By Geography, the global Physical therapy services market is segmented into five broad regions viz. North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. North America is estimated to lead the global physical therapy services market due to rise in incidence of chronic disease and disorders, increase in geriatric population etc. Europe market is also projected to experience high growth in the near future due to establishment of physical therapy education programmes. Asia Pacific market is anticipated to grow at a substantial growth rate during the forecast period, owing to factors such as rising standard of living, lifestyle changes, increase in awareness for physical disorders and focusing on healthcare expenditures.
Some of the major players in global Physical therapy services market are Olean Physical Therapy, Graceville Physiotherapy, OSHER WORLDWIDE, AmeriCare Physical Therapy, Rehab Alternatives, FullMotion Physical Therapy, PIVOT Physical Therapy, SPI ProHealth Limited Hong Kong, Meier & Marsh Physical Therapy and Others.
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