The physical therapy software market size is expected to see strong growth in the next few years. It will grow to $38.15 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to continued professional development support, personalized treatment approaches, rise in mobile and cloud-based solutions, value-based care initiative, interoperability standards. Major trends in the forecast period include educational and training tools, emphasis on patient engagement, data security and compliance, integration and interoperability, focus on outcomes and analytics.
The rising prevalence of osteoporosis is anticipated to drive the growth of the physical therapy software market. Osteoporosis is a bone disease that occurs when bone mineral density and mass decrease or when bone structure or quality deteriorates. Individuals with low calcium intake are more susceptible to developing osteoporosis. Physical therapy software assists patients by providing information on treatment plans, claims, invoices, or home exercise recommendations throughout their clinical journey. For example, in May 2022, statistics published by Amgen Inc., a US-based biotechnology company, indicated that osteoporosis causes approximately 1.5 million fractures annually in the United States, leading to $19 billion in related costs. Additionally, the annual number of osteoporosis-related fractures is projected to increase by 68% from 2018 to 2040, rising from 1.9 million to 3.2 million. As a result, the increasing prevalence of osteoporosis is expected to boost the physical therapy software market.
The rising demand for physical therapists is projected to fuel the growth of the physical therapy software market. Physical therapists are healthcare professionals who help individuals with impaired physical functioning regain mobility and comfort. Physical therapy software is a critical tool for physical therapists, offering a range of features that streamline practice management, improve patient care, and enhance efficiency. For instance, in September 2023, the Bureau of Labor Statistics, a principal agency of the U.S. Federal Statistical System, reported that there were approximately 246,800 physical therapist jobs in 2022, with a projected 15% increase, adding 37,300 new jobs between 2022 and 2032. Therefore, the growing demand for physical therapists is driving the expansion of the physical therapy software market.
Major companies in the physical therapy software market are increasingly focusing on developing advanced technologies such as artificial intelligence (AI) to perform tasks typically requiring human intelligence and judgment. AI is integrated into physical therapy software to analyze, display, and understand complex medical and healthcare data about patients, mimicking human behavior. For example, in May 2024, Epic Systems, a US-based healthcare software company, introduced an open-source AI validation tool for physical therapy software aimed at helping healthcare organizations test and monitor AI models integrated with electronic health record systems. This tool is designed to ensure equitable performance and improve the integrity of AI applications in healthcare, enhancing the reliability of AI-driven patient care solutions in physical therapy.
Companies in the physical therapy software market are also focusing on developing advanced solutions like patient scheduling software to gain a competitive advantage. Patient scheduling software is a digital tool that streamlines the appointment booking process in healthcare environments. For instance, in July 2022, CORA Physical Therapy, a US-based physical therapy provider, launched a new digital platform to enhance patient convenience and streamline appointment scheduling. This innovative platform allows patients to book real-time appointments across CORA's network of over 250 locations, significantly reducing wait times and improving access to care. This initiative is part of CORA's broader digital transformation strategy to connect patients with the right care more efficiently.
In April 2022, Netsmart, a US-based health technology company, acquired TheraOffice for an undisclosed sum. This acquisition expands the Netsmart CareFabric platform by offering enhanced processes for therapy providers to better integrate with various healthcare settings. TheraOffice is a US-based provider of electronic medical record (EMR) software for physical therapy practices.
Major companies operating in the physical therapy software market are MPN Software Systems Inc., Practice Pro, TherapySync, Optima Healthcare Solutions LLC, Meditab Software Pvt Ltd., Systems4PT, Net Health, Phydeo, Optimis Corp., My Rehab Pro, Yocale, WebPT, BioEx Systems Inc., Warburg Pincus LLC, DrChrono Inc., ClinicSource, NXGN Management LLC, MICA Information Systems Inc., Healigo, Practice Fusion Inc., Casamba LLC, CLINICIENT, Fusion Web Clinic, TheraOffice, Raintree Systems, Pearle Computer Services, 3D Practice, RehabMyPatient, Practice Perfect, SimplePractice.
North America was the largest region in the physical therapy software market in 2024. The regions covered in the physical therapy software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the physical therapy software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Physical Therapy (PT) software constitutes a segment within Electronic Health Record (EHR) software, specifically tailored to cater to a spectrum of healthcare professional services. It serves the purpose of maintaining comprehensive and seamless EHR records for patients undergoing treatment for conditions such as accidents, osteoporosis, post-surgery rehabilitation, and various other medical needs.
The primary types of terminals in physical therapy software encompass PC terminals and mobile terminals. A PC terminal functions as a hardware device facilitating the input, retrieval, and display of electronic data. In the domain of physical therapy software, PC terminals play a crucial role in averting administrative errors within hospitals and rehabilitation centers. These systems are deployed in diverse environments including on-premises and cloud-based setups, strategically implemented across hospitals, clinics, and other relevant healthcare facilities.
The physical therapy software market research report is one of a series of new reports that provides physical therapy software market statistics, including physical therapy software industry global market size, regional shares, competitors with a physical therapy software market share, detailed physical therapy software market segments, market trends and opportunities, and any further data you may need to thrive in the physical therapy software industry. This physical therapy software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The physical therapy software market includes revenues earned by entities by providing practice management, patient relationship management, visit scheduling, telehealth, healthcare online assistance, billing, database information, task automation, quality control. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Physical Therapy Software Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on physical therapy software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for physical therapy software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The physical therapy software market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- the market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Terminal Type: PC Terminal; Mobile Terminal2) by Deployment: on-Premise; Cloud
3) by Application: Hospitals; Clinics; Others Applications
Subsegments:
1) by PC Terminal: Desktop Applications; Web-Based Applications For PCs2) by Mobile Terminal: Mobile Applications; Tablet Applications
Key Companies Mentioned: MPN Software Systems Inc.; Practice Pro; TherapySync; Optima Healthcare Solutions LLC; Meditab Software Pvt Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Physical Therapy Software market report include:- MPN Software Systems Inc.
- Practice Pro
- TherapySync
- Optima Healthcare Solutions LLC
- Meditab Software Pvt Ltd.
- Systems4PT
- Net Health
- Phydeo
- Optimis Corp.
- My Rehab Pro
- Yocale
- WebPT
- BioEx Systems Inc.
- Warburg Pincus LLC
- DrChrono Inc.
- ClinicSource
- NXGN Management LLC
- MICA Information Systems Inc.
- Healigo
- Practice Fusion Inc.
- Casamba LLC
- CLINICIENT
- Fusion Web Clinic
- TheraOffice
- Raintree Systems
- Pearle Computer Services
- 3D Practice
- RehabMyPatient
- Practice Perfect
- SimplePractice
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | February 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 27.32 Billion |
Forecasted Market Value ( USD | $ 38.15 Billion |
Compound Annual Growth Rate | 8.7% |
Regions Covered | Global |
No. of Companies Mentioned | 31 |