May 28, 2024
U.S. Physical Therapy Virtual And Telerehabilitation Services Market

U.S. Physical Therapy Virtual And Telerehabilitation Services Market Is Estimated To Witness High Growth Owing To Rising Demand For Virtual Care

The U.S. physical therapy virtual and telerehabilitation services market provides physical therapy services through telehealth technologies. Physical therapy services delivered through virtual modalities allow patients to receive physical therapy treatments remotely using video conferencing with a licensed physical therapist. This provides flexibility and convenience to patients while allowing physical therapists to treat more patients. This type of virtual physical therapy offers treatments for conditions like arthritis, joint replacements, back and neck pain, and sports injuries. The advantages of telehealth technologies in physical therapy include reduced travel costs and time for patients, ability to reach rural areas with limited access to providers, and convenient care from the comfort of home.

The Global U.S. physical therapy virtual and telerehabilitation services market is estimated to be valued at US$ 209.55 Bn in 2024 and is expected to exhibit a CAGR of 9.4% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the U.S. physical therapy virtual and telerehabilitation services are Inogen Inc., Invacare Corporation, OxygenToGo, LLC, Koninklijke Philips N.V., ResMed Inc., Drive DeVilbiss Healthcare LLC, Precision Medical, Inc., Besco Medical Co. Ltd., O2 Concepts, LLC, and GCE Group.

The key opportunities in the market include increasing demand from geriatric population, growth in chronic diseases, expansion of telehealth services post-pandemic, and favorable reimbursement policies.

Globally, the market is witnessing expansion in regions with limited access to healthcare providers such as rural areas. The growing adoption of telehealth technologies also allows physical therapy providers to expand their services internationally.

Market drivers

The growth of the U.S. physical therapy virtual and telerehabilitation services market is primarily driven by the rising demand for virtual care amidst the COVID-19 pandemic. The restrictions during the pandemic pushed the increased adoption of telehealth technologies for various specialties including physical therapy. This is expected to continue boosting the demand even in the post-pandemic period. The convenience, flexibility and improved access to care associated with virtual physical therapy services is another key driver fueling the market growth.

PEST Analysis

Political: The market is influenced by regulations around privacy and security of patient data as well as reimbursement policies for virtual and telerehabilitation services.

Economic: Factors such as rising healthcare costs and demand for convenient telehealth options are driving growth in the market. High disposable incomes also enable investments in technological solutions.

Social: Changing lifestyles and demands of convenience due to urbanization are increasing acceptance for virtual healthcare services. The COVID-19 pandemic accelerated this shift towards telemedicine.

Technological: Advancements in connectivity, remote patient monitoring devices, and virtual therapy platforms are enhancing the user experience and enabling wider access to care. Developments in areas like VR, AR, AI and IoT also expand the scope of virtual rehabilitation services.

The U.S. Physical Therapy Virtual And Telerehabilitation Services Market Growth  is currently concentrated in more economically developed regions like the West and Northeast of the country. These areas tend to have higher disposable incomes enabling investments in emerging digital healthcare technologies. States like California, New York and Texas account for major shares in terms of virtual rehabilitation spending.

The South is expected to be the fastest growing geographical market segment through the forecast period. Rapid urbanization, investments in telecom infrastructure, and increasing focus on improving access to care especially in rural communities are driving higher adoption of telehealth solutions across Southern states. Government initiatives to promote telemedicine in this region also support market expansion.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it