$34 Billion Physical Therapy Industry Recovers from 16% Revenue Decline During Pandemic
Demand for physical therapy services is growing, for several reasons: an aging American population, rising obesity levels, consumers seeking alternatives to opioids for pain management, and the cost savings and effectiveness of outpatient rehab.
Demand for physical therapy services is growing, for several reasons: an aging American population, rising obesity levels, consumers seeking alternatives to opioids for pain management, and the cost savings and effectiveness of outpatient rehab. This is a fragmented but growing $34 billion per year industry of small physical therapy clinics, and a few large chains. Throughout the pandemic, physical therapy services have been treated as essential by federal, state, and local guidance, although many physical therapists proactively stopped nonessential in-person care. Physical therapy clinics that stayed open during the early stages of the pandemic had fewer consumers walking through their doors. Clinics pivoted to telehealth/video visits, but patient volumes remained low in 2020. Here are some things to know about this healthcare sector: To find out more about the physical therapy industry, be sure to check out a new report by Marketdata titled U.S. Physical Therapy Clinics: An Industry Analysis. This 86-page report provides key information on the following: If you need hard data and current insights to guide your business strategies, be sure to check out Marketdata's comprehensive report on the U.S. physical therapy industry. About the Author: John LaRosa is the President of Marketdata LLC and is the author of 100+ industry and market studies. His research appears in top media outlets including ABC, CNN, Fox, Forbes, USA Today, The Wall Street Journal, The New York Times, and a variety of trade journals. Where to Learn More
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