Pune, India, March 09, 2022 (GLOBE NEWSWIRE) -- The U.S. occupational & physical therapy services market size was USD 46.44 billion in 2020. The market is projected to grow from USD 49.28 billion in 2021 to USD 71.75 billion in 2028 at a CAGR of 5.5% during the 2022-2028 period. This vital information is presented by Fortune Business Insights™, in its report, titled, “U.S. Occupational & Physical Therapy Services Market, 2022-2028.” Factors such as improving patients’ quality of life and rising prevalence of chronic diseases in the region will increase the footprint of the market during the forecast period. Additionally, favorable reimbursement policies will boost the growth of the market.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/u-s-occupational-physical-therapy-services-market-106420
Factors such as the growing number of patients suffering from chronic diseases and the rising elderly population in the region will boost the U.S. occupational & physical therapy services market growth during the forecast period. Additionally, favorable reimbursement policies and rising number of physical and occupational therapists will increase the footprint of the market. Also, a shifting trend from medication toward alternative forms of rehabilitation for pain management will fuel the growth of the market.
However, policies such as reimbursement capping for physical and occupational therapies will limit the growth of the market during the forecast period. Also, a higher claim denial rate will hinder the market growth.
COVID-19 Impact
Decreased Outpatient Visits to Negatively Impact Market During the Pandemic
The COVID-19 pandemic led to the closing of various occupational & therapy clinics due to lockdowns and movement restrictions on the general population. Additionally, shutdown of non-elective procedures during the peak of the pandemic led to further hampering the market value. A sharp decline in hospital visits further slowed down the adoption rate of the U.S occupational & physical therapy services market during the forecast period. However, the market is expected to witness a revival as patients recovering from COVID-19 were suggested physical therapy.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/u-s-occupational-physical-therapy-services-market-106420
Setting, Application, Payor, and Region are Studied
Based on setting, the market can be divided into hospitals, outpatient clinics, and others.
By application, the market can be broken down into orthopedic therapy, general therapy, geriatric therapy, pediatric therapy, neurological therapy, and others.
With respect to payor, the market can be segmented into public health insurance and private health insurance/out-of-pocket.
Report Coverage
The market report of the U.S. occupational & physical therapy services is aimed at providing qualitative & quantitative insights into the industry by analyzing critical aspects such as competitive landscape & detailed segmentation. Additionally, the report offers insights into the market by encompassing the ongoing market trends & recent industry developments. The report further contains factors that are expected to impact the market in a positive/negative manner during the forecast period.
Quick Buy - U.S. Occupational & Physical Therapy Services Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/106420
Collaborations & Product Development to Bolster Market Share for Dominant Players
The market for the U.S. occupational & physical therapy services is extremely shattered due to a number of players operating in the market. The dominant players hold a significant U.S. occupational & physical therapy services market share due to employing various tactics such as collaborations, introducing innovative technologies, and integrating inorganic growth. For example, in September 2021, Upstream Rehabilitation Inc. announced the acquisition of Results Physiotherapy. This acquisition will make the latter firm the largest outpatient physical therapy provider in the U.S. Additionally, players are also focused on engaging in strategic expansive activities for establishing their presence in the U.S.
Industry Development
- October 2021: Kindred Healthcare announced a new healthcare firm, ScionHealth. This announcement will help Kindred Healthcare expand its market presence in the physical therapy and occupational therapy market by improving its service offerings.
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/u-s-occupational-physical-therapy-services-market-106420
List of Key Players Present in the Market
- Athletico Physical Therapy (Illinois, U.S.)
- ATI Physical Therapy (Illinois, U.S.)
- Encompass Health Corporation (Alabama, U.S.)
- Upstream Rehabilitation Inc. (Alabama, U.S.)
- Select Medical (Pennsylvania, U.S.)
- U.S. Physical Therapy (Texas, U.S.)
- PT SOLUTIONS (Georgia, U.S.)
- Kindred Healthcare, LLC (Kentucky, U.S.)
Major Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
-
- Number of Occupational & Physical Therapists, 2020
- Occupational & Physical Therapy - Overview
- Number of Occupational & Physical Therapy Clinics, 2012-2020
- Distribution of Occupational Establishments, 2021
- Number of Physical Therapists in the U.S., 2016-2028
- Average Cost of Key Services
- Overview of Reimbursement Scenario - U.S.
- Key Industry Developments Such as Mergers, Acquisitions, and Collaborations
- Prevalence/Incidence of Key Conditions
- Impact of COVID-19 on the U.S. Occupational & Physical Therapy Services Market
- U.S. Occupational & Physical Therapy Services Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Setting
- Hospitals
- Outpatient Clinics
- Others
- Market Analysis, Insights and Forecast – By Application
- Orthopedic Therapy
- General Therapy
- Geriatric Therapy
- Pediatric Therapy
- Neurological Therapy
- Others
- Market Analysis, Insights and Forecast – By Payor
- Public Health Insurance
- Private Health Insurance/Out-of-pocket
- Competitive Analysis
-
- Global Market Share Analysis (2020)
- Company Profiles (Overview, Products, SWOT analysis, Recent developments, strategies, financials (based on availability))
-
-
- ATI Physical Therapy
- Athletico Physical Therapy
- Encompass Health Corporation
- Upstream Rehabilitation Inc.
- Select Medical
- U.S. Physical Therapy
- PT SOLUTIONS
- Kindred Healthcare, LLC Other Prominent Players
-
Toc Continued...
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/u-s-occupational-physical-therapy-services-market-106420
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
