Physical Therapy Software Global Market Report 2024

Description

Physical Therapy Software Global Market Report 2024 from The Business Research Company 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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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 from the Business Research Company 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.

Scope

Markets Covered:

1) By Terminal Type: PC Terminal; Mobile Terminal
2) By Deployment: On-Premise; Cloud
3) By Application: Hospitals; Clinics; Others Applications
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 segmentations: 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.

Executive Summary

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 from The Business Research Company 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 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 observed in the historical period is linked to several key factors, including the escalating costs within the healthcare sector, a heightened emphasis on patient-centered care approaches, the integration of advanced diagnostic tools, a growing preference for outcome-driven care, and an increasing demand for remote healthcare services.

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%. Anticipated growth in the forecast period is expected to stem from several contributing factors, including ongoing support for professional development, the adoption of personalized treatment methods, the surge in mobile and cloud-based solutions, the focus on value-based care initiatives, and the establishment of interoperability standards. Noteworthy trends during this period encompass the development of educational and training tools, a heightened emphasis on patient engagement, prioritization of data security and compliance measures, increased integration and interoperability, and a strong focus on outcomes and analytics.

The expected rise in osteoporosis cases is poised to drive growth in the physical therapy software market. Osteoporosis, characterized by decreased bone density or quality, often leads to fractures. Utilized during clinical processes, this software aids patients with treatment information, claims, invoices, and home exercise recommendations. As per statistics from Amgen Inc. in May 2022, osteoporosis causes approximately 1.5 million fractures annually in the US, generating associated costs of $19 billion. Predictions indicate a 68% surge in annual fractures by 2040. This prevalence surge is anticipated to fuel demand for physical therapy software.

An increasing need for physical therapists is expected to fuel the growth of the physical therapy software market. These professionals aid individuals with limited physical functioning, employing software to streamline practice, enhance patient care, and boost efficiency. Statistics from the Bureau of Labor Statistics in September 2023 project a 15% increase in physical therapist jobs, amounting to 37,300 new positions between 2022 and 2032. This escalating demand for physical therapists is a driving force behind the expanding market for physical therapy software.

Integration of artificial intelligence (AI) to predict clinical outcomes via Electronic Health Records (EHRs) has emerged as a significant trend in the physical therapy software market. AI applications in this software analyze and interpret intricate healthcare data, simulating human behavior. Fujitsu Limited introduced 'HOPE ROMREC' in Japan in February 2021, employing AI to measure shoulder and elbow joint movements. This advancement streamlines data linkage with electronic medical records, eliminating manual input, and enhancing data recording efficiency during rehabilitation sessions.

Major companies in the physical therapy software market are concentrating on technological innovations, notably electronic medical record (EMR) platforms, to gain a competitive edge. EMR platforms efficiently manage patient records and offer comprehensive medical information access. For instance, Alliance Physical Therapy Partners introduced AgileEMR in February 2021, a cost-effective cloud-based system optimizing clinic management and revenue. This user-friendly platform, ensuring compliance and customizable user rights, offers a significant technological leap for the market.

In April 2022, Netsmart, a prominent US-based health technology company, completed the acquisition of TheraOffice for an undisclosed sum. This strategic acquisition enriches the Netsmart CareFabric platform, empowering therapy providers with enhanced connectivity across diverse healthcare settings. TheraOffice, a leading US-based provider specializing in physical therapy EMR software, augments Netsmart's capabilities in streamlining and integrating therapy-related processes within the healthcare landscape.

Major companies operating in the physical therapy software market report 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 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.

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.

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.

Product Code: r12954

1. Executive Summary

2. Physical Therapy Software Market Characteristics

3. Physical Therapy Software Market Trends And Strategies

4. Physical Therapy Software Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Physical Therapy Software Market Size and Growth

5.1. Global Physical Therapy Software Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Physical Therapy Software Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Physical Therapy Software Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Physical Therapy Software Market Segmentation

6.1. Global Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
PC Terminal
Mobile Terminal
6.2. Global Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
On-Premise
Cloud
6.3. Global Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hospitals
Clinics
Others Applications

7. Physical Therapy Software Market Regional And Country Analysis

7.1. Global Physical Therapy Software Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Physical Therapy Software Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Physical Therapy Software Market

8.1. Asia-Pacific Physical Therapy Software Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Physical Therapy Software Market

9.1. China Physical Therapy Software Market Overview
9.2. China Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Physical Therapy Software Market

10.1. India Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Physical Therapy Software Market

11.1. Japan Physical Therapy Software Market Overview
11.2. Japan Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Physical Therapy Software Market

12.1. Australia Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Physical Therapy Software Market

13.1. Indonesia Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Physical Therapy Software Market

14.1. South Korea Physical Therapy Software Market Overview
14.2. South Korea Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Physical Therapy Software Market

15.1. Western Europe Physical Therapy Software Market Overview
15.2. Western Europe Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Physical Therapy Software Market

16.1. UK Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Physical Therapy Software Market

17.1. Germany Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Physical Therapy Software Market

18.1. France Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Physical Therapy Software Market

19.1. Italy Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Physical Therapy Software Market

20.1. Spain Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Physical Therapy Software Market

21.1. Eastern Europe Physical Therapy Software Market Overview
21.2. Eastern Europe Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Physical Therapy Software Market

22.1. Russia Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Physical Therapy Software Market

23.1. North America Physical Therapy Software Market Overview
23.2. North America Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Physical Therapy Software Market

24.1. USA Physical Therapy Software Market Overview
24.2. USA Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Physical Therapy Software Market

25.1. Canada Physical Therapy Software Market Overview
25.2. Canada Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Physical Therapy Software Market

26.1. South America Physical Therapy Software Market Overview
26.2. South America Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Physical Therapy Software Market

27.1. Brazil Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Physical Therapy Software Market

28.1. Middle East Physical Therapy Software Market Overview
28.2. Middle East Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Physical Therapy Software Market

29.1. Africa Physical Therapy Software Market Overview
29.2. Africa Physical Therapy Software Market, Segmentation By Terminal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Physical Therapy Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Physical Therapy Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Physical Therapy Software Market Competitive Landscape And Company Profiles

30.1. Physical Therapy Software Market Competitive Landscape
30.2. Physical Therapy Software Market Company Profiles
- 30.2.1. MPN Software Systems Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Practice Pro
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. TherapySync
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Optima Healthcare Solutions LLC
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Meditab Software Pvt Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Physical Therapy Software Market Competitive Benchmarking

32. Global Physical Therapy Software Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Physical Therapy Software Market

34. Physical Therapy Software Market Future Outlook and Potential Analysis

34.1 Physical Therapy Software Market In 2028 - Countries Offering Most New Opportunities
34.2 Physical Therapy Software Market In 2028 - Segments Offering Most New Opportunities
34.3 Physical Therapy Software Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer