Global Physical Therapy Software market share 2024, Forecast To 2033
4 Mar, 2024
The physical therapy software market size has grown strongly in recent years. It will grow from $24.56 billion in 2023 to$26.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increasing healthcare costs, focus on patient-centric care, integration of diagnostic tools, demand for outcome-based care, rising demand for remote healthcare. The physical therapy software market size is expected to see strong growth in the next few years. It will grow to $34.87 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. 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.
Global Physical Therapy Software Market Key Driver
The increasing prevalence of osteoporosis is expected to propel the growth of the physical therapy software market. Osteoporosis, a debilitating bone disease, is associated with a decline in bone mineral density and structure, leading to fractures and associated healthcare costs. Physical therapy software plays a crucial role in providing patients with treatment information and exercise recommendations during their clinical journey. According to statistics from Amgen Inc. in May 2022, osteoporosis causes approximately 1.5 million fractures annually in the United States alone, resulting in significant healthcare expenditures. The projected rise in osteoporosis-related fractures underscores the growing need for physical therapy software, driving market growth.
Get A Free Sample Of The Global Physical Therapy Software Market ReportGlobal Physical Therapy Software Market Segments
The global physical therapy software market covered in this report is segmented –
1) By Terminal Type: PC Terminal, Mobile Terminal
2) By Deployment: On-Premise, Cloud
3) By Application: Hospitals, Clinics, Others Applications
By Geography: The regions covered in the physical therapy software market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the physical therapy software market in 2023. The regions covered in the physical therapy software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Physical Therapy Software Industry Players
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
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Physical Therapy Software Market Overview
Physical Therapy (PT) software is a component of EHR (Electronic Health Record) software that is designed for a variety of health professional services. It is utilized to provide seamless EHR record of patients during treatment of patients suffering from accidents, osteoporosis, and post-surgery treatment, and others.
Physical Therapy Software Global Market Report 2023 provides data on the global physical therapy software market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The physical therapy software market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.