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Physical Therapy Software Market – By Device Type, By Deployment, By Application, By End Use – Global Forecast, 2024 – 2032
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Physical Therapy Software Market
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Base Year: 2023
Companies covered: 15
Tables & Figures: 128
Countries covered: 19
Pages: 135
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Physical Therapy Software Market Size
The global physical therapy software market size was valued at around USD 1.1 billion in 2023 and is estimated to grow at 9.7% CAGR from 2024 to 2032. The market growth is propelled by the increasing incidence of musculoskeletal disorders and the heightened expectations for physical therapy services.
The prevalence of musculoskeletal disorders (MSDs) is one of the factors that is inarguably fueling the growth of the market. Disorders, for instance arthritis, backache and repetitive strain injuries, force the majority of patients towards seeking physical therapy as their go to option. In response to the growing need for physical therapy services, offices are deploying software to enhance patient management, improve health services, and automate administrative tasks.
For example, a rough estimate done by the Centers for Disease Control and Prevention (CDC) is that around 23% of American adults suffer from some form of arthritis, which is one of the leading MSDs. Because of the high incidence of these disorders, there is a strong need for physical therapies, which has made it relevant for even primary healthcare providers to adopt these digital platforms to manage their growing workload, keep patients in the loop, and improve the efficacy of therapy, which in turn drives the physical therapy software market.
Physical therapy software fosters the efficiency and effectiveness of physical therapy clinics through patient management, treatment documentation, billing, and the comprehension of treatment plans. This software is capable of scheduling, charting, tracking patient progress, as well as dealing with insurance claims, thus allowing therapists to increase the amount of individual attention they administer while improving the business side of the practice.
Physical Therapy Software Market Trends
Physical Therapy Software Market Analysis
Based on device type, the market is segmented into desktop & laptop, and mobile & tablet. The desktop & laptop segment dominated the market in 2023 and accounted for USD 633.8 million.
Based on deployment, the physical therapy software market is segmented into cloud-based and on-premises. The cloud-based segment is anticipated to reach USD 1.6 billion by 2032.
Based on application, the physical therapy software market is segmented into patient management, billing and insurance, exercise program management, and other applications. The patient management segment dominated the market in 2023 with a market share of 35.7%.
Based on end use, the physical therapy software market is segmented into hospitals, clinics, and other end users. The hospitals segment is anticipated to reach USD 1.3 billion by 2032.
The U.S. dominated the North American market with the largest revenue of USD 382.3 million in 2023 and is anticipated to witness considerable growth rate over the forecast period.
Asia Pacific physical therapy software market is anticipated to witness lucrative growth between 2024 and 2032.
UK is anticipated to witness robust growth in the global physical therapy software market.
Japan is anticipated to witness high growth in physical therapy software market, during the forecast period.
Physical Therapy Software Market Share
The struggle for dominance in the market has intensified as the demand for better, more efficient ways to manage therapy has risen. Alongside traditional players, niche platforms offering additional services like remote patient monitoring, exercise therapy, and advanced patient metrics are springing up, especially in North America, where the focus is on innovation.
Developed digital health solutions such as AI-based evaluation and tracking of patients have emerged as the most important contestable assets, making it essential for companies to strengthen ties with equipment manufacturers and research institutes to build quality and efficient software. This implies that for all businesses that seek to penetrate and compete in this market, a constant need for innovation and integration of newer technological solutions will be required.
USPs for top market players
Physical Therapy Software Market Companies
Prominent players operating in the physical therapy software industry include:
Physical Therapy Software Industry News:
Physical therapy software market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Device Type
Market, By Deployment
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries: