Global physiotherapy market to grow by 3.69% CAGR to $4.2b until 2028
The growth is attributed to the increasing demand for advanced patient care services.
The global market for physiotherapy is projected to grow by around $4.2b until 2028 at a compound annual growth rate (CAGR) of 3.69%.
A report by Technavio revealed that the market is witnessing notable growth with a focus on cardiovascular rehabilitation, muscle strengthening, and injury treatment amidst the increasing demand for advanced patient care services.
“Individuals are willing to spend more on treatments like disease diagnostics, hospital-based care, and post-treatment patient care,” The report said.
Furthermore, the market’s demand is driven by the ageing population, the rising prevalence of chronic diseases, and an increasing awareness of early intervention and preventive care benefits.
Meanwhile, growth, particularly in developing countries, may be impacted by less structured government policies that limit patient access to reimbursements and modern healthcare facilities.
The report also noted that the limited presence of organisations providing medical reimbursements hinders the market’s expansion by reducing the patient pool for physiotherapy products and therapies.