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Physical Therapy Rehabilitation Centers - Industry Market Research Report

Physical Therapy Rehabilitation Centers - Industry Market Research Report

  • February 2019
  • 34 pages
  • ID: 5103709
  • Format: PDF
  • Ibisworld

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Building strength: An aging population and healthcare reform will support industry growth

Abstract

Physical Therapy Rehabilitation Centers
The Physical Therapy Rehabilitation Centers industry comprises both inpatient and outpatient therapy facilities that provide physical therapy, speech pathology and occupational therapy services. Over the five years to 2019, the industry experienced revenue growth as a result of the aging population and increasing acceptance of the benefits of physical therapy services. The number of adults aged 65 and older has also helped support industry revenue growth during the period because seniors are more likely to require physical therapy services due to of the increased prevalence of injuries, illnesses and chronic conditions in that age group. Though the overall economy struggled early on in the period, the industry remained profitable because physical therapy rehabilitation centers derive a large share of revenue from Medicare reimbursements. The industry is highly fragmented, with a large number of small private practices competing for revenue. The aging population, healthcare reform and economic recovery are all expected to support industry revenue growth over the five years to 2024.

Physical therapy rehabilitation centers are facilities that provide therapy and training for rehabilitation. Industry establishments include freestanding rehabilitation hospitals, acute care hospitals with inpatient rehabilitation centers and outpatient rehabilitation centers that provide physical, occupational or speech therapy services. This report excludes drug, alcohol and other rehabilitation services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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