Physical therapists have continued gaining popularity and have become essential to promoting health and wellness. Therapists have benefited from an aging population as adults aged 65 and older endure health conditions that require physiotherapy (think hip and knee replacements and arthritis). While the pandemic caused issues for many sectors, healthcare was deemed essential and therapists continued to treat patients at a limited rate. Some offices implemented several barriers and precautions to prevent the spread of the virus, while others conducted virtual sessions through video calls. Overall, industry revenue is expected to grow at a CAGR of 3.0% to $4.3 billion over the five years to 2023, including a 2.3% rise in 2023, when profit will reach 32.9%. This industry administers medically prescribed physical therapy treatments; plans and administers educational, recreational and social activities designed to help patients with disabilities regain physical or mental functioning or adapt to their disabilities; and diagnoses and treats speech, language or hearing problems.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Lifemark Health Corporation
Methodology
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