Physical Therapy Rehabilitation Centers in the US - Industry Research Report

Getting stronger: Economic recovery alongside an aging population will likely support industry revenue growth

The Physical Therapy Rehabilitation Centers industry comprises inpatient and outpatient facilities that provide physical therapy, speech pathology and occupational therapy services. For most of the past five years, rehabilitation centers have experienced revenue growth as a result of the aging population and increasing acceptance of the benefits of physical therapy services. The number of adults aged 65 and older has also helped support industry revenue growth because seniors are more likely to require physical therapy services due to the increased prevalence of injuries, illnesses and chronic conditions in that age group. However, in 2020, revenue declined as COVID-19 kept patients in their homes and away from inpatient facilities. This trend began to reverse in 2021, but declines in insurance enrollment rates limited recovery. Over the five years to 2023, revenue is expected to decrease at a CAGR of 0.2% to $43.2 billion. As the healthcare sector fully recovers from the pandemic, physical therapy rehabilitation centers are expected to see revenue climb 3.0% in 2023.

Physical therapy rehabilitation centers are facilities that provide therapy and training for rehabilitation. Industry establishments include freestanding rehabilitation hospitals, acute care hospitals with inpatient rehabilitation centers and outpatient rehabilitation centers that provide physical, occupational or speech therapy services. This report excludes drug, alcohol and other rehabilitation services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.