The global physical therapy market is valued at USD 28.06 billion in 2024, growing to USD 29.18 billion in 2025 and projected to reach USD 41.54 billion by 2034. This expansion reflects a CAGR of 4% between 2025 and 2034, driven by rising demand for rehabilitation, post-surgical recovery, sports injury treatment, and chronic pain management solutions.
Key Market Highlights
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2024 Market Size: USD 28.06 billion
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2034 Market Forecast: USD 41.54 billion
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Growth Rate: CAGR of 4% (2025–2034)
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Top Region: North America holds 39.5% market share in 2024
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Fastest Growing Region: Asia-Pacific
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Dominant Segment: Orthopedic physical therapy (31.5% market share in 2024)
Top Companies in the Physical Therapy Market
1. Select Medical Corporation
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About: A leading provider of specialized healthcare services in the U.S., offering outpatient rehabilitation and inpatient care.
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Products & Services: Physical therapy, occupational therapy, and rehabilitation programs for orthopedic and neurological conditions.
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Market Cap: Around USD 2.6 billion.
2. ATI Physical Therapy
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About: One of the largest physical therapy providers in the U.S., focusing on patient-centered care.
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Products & Services: Orthopedic rehab, sports medicine, hand therapy, and work conditioning.
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Market Cap: Approximately USD 80 million.
3. Upstream Rehabilitation
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About: Operates one of the largest outpatient rehab networks in the country with a strong focus on clinical excellence.
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Products & Services: Physical therapy, occupational therapy, speech therapy, and athletic training.
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Market Cap: Private company (financial details undisclosed).
4. Kindred Healthcare
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About: A post-acute care leader providing rehabilitation services across multiple facilities in the U.S.
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Products & Services: Inpatient rehabilitation, outpatient therapy, and transitional care.
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Market Cap: Private entity (acquired by LifePoint Health in 2021).
5. Athletico Physical Therapy
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About: Known for sports-related injury treatment and orthopedic rehabilitation services.
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Products & Services: Physical therapy, concussion management, hand therapy, and work rehabilitation.
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Market Cap: Private company (undisclosed valuation).
6. U.S. Physical Therapy, Inc.
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About: A publicly traded outpatient physical therapy provider with clinics across the U.S.
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Products & Services: Orthopedic rehab, sports medicine, and post-operative care.
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Market Cap: About USD 1.6 billion.
7. Concentra Inc.
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About: A national healthcare company specializing in occupational medicine and rehabilitation.
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Products & Services: Physical therapy, injury care, and occupational health services.
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Market Cap: Private company.
8. CORA Health Services
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About: Offers a wide range of physical therapy services across the southeastern and mid-Atlantic U.S.
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Products & Services: Orthopedic rehab, pediatric therapy, and geriatric rehabilitation.
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Market Cap: Private company.
9. FYZICAL Therapy & Balance Centers
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About: A fast-growing franchise specializing in balance therapy and fall prevention.
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Products & Services: Physical therapy, balance and vestibular rehabilitation, and sports medicine.
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Market Cap: Private company.
10. Professional Physical Therapy
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About: Operates a large network of clinics in the northeastern U.S., known for quality rehabilitation services.
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Products & Services: Physical therapy, hand therapy, and sports injury rehabilitation.
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Market Cap: Private company.
11. Genesis Rehab Services
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About: Provides rehabilitation therapy in skilled nursing and assisted living facilities.
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Products & Services: Physical, occupational, and speech therapy for older adults.
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Market Cap: Private entity.
12. RehaMed International
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About: A specialized provider of advanced rehabilitation services with a focus on innovative therapies.
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Products & Services: Orthopedic rehab, neurological therapy, and sports injury recovery.
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Market Cap: Private company.
13. Back in Motion
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About: Focuses on personalized physical therapy programs tailored to patient needs.
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Products & Services: Orthopedic care, sports medicine, and injury prevention.
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Market Cap: Private company.
14. PIVOT Physical Therapy
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About: Operates clinics in multiple U.S. states offering customized rehab programs.
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Products & Services: Orthopedic rehab, athletic training, and occupational therapy.
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Market Cap: Private company.
15. NovaCare Rehabilitation
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About: Part of the Select Medical Outpatient Division, known for high-quality rehab services.
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Products & Services: Physical therapy, occupational therapy, and sports injury rehab.
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Market Cap: Operates under Select Medical (USD 2.6 billion market cap).
16. MyoTherapy Physical Therapy
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About: Offers specialized myofascial release and musculoskeletal rehabilitation.
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Products & Services: Physical therapy, sports injury rehab, and chronic pain management.
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Market Cap: Private company.
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FAQs About the Global Physical Therapy Market
1. What is driving the growth of the physical therapy market?
The growth is driven by an aging population, rising sports injuries, increasing post-operative rehabilitation needs, and higher demand for chronic pain management solutions.
2. Which region dominates the global physical therapy market?
North America leads the market, accounting for 39.5% share in 2024, due to advanced healthcare infrastructure and high awareness.
3. Which therapy type holds the largest market share?
Orthopedic physical therapy dominates with a 31.5% share in 2024, driven by demand for musculoskeletal rehabilitation.
4. Who are the major players in the physical therapy industry?
Key players include Select Medical Corporation, ATI Physical Therapy, U.S. Physical Therapy, Inc., Kindred Healthcare, and Athletico Physical Therapy.
5. What is the forecasted growth rate of the physical therapy market?
The market is projected to grow at a CAGR of 4% between 2025 and 2034, reaching USD 41.54 billion by 2034.
Source : https://www.towardshealthcare.com/insights/physical-therapy-market-sizing
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