$4.7bn
$X.Xbn
31,884
16,486
$X.Xbn
Physiotherapists adopted nimble business strategies to maintain revenue during the pandemic. Despite a drop in in-person sessions and the additional costs of protective measures, mobile apps and telemedicine supported the continuity of service and strong performance for most of the years post-pandemic. Mitigating declines in per capita income, the declines in the unemployment rate supported total healthcare expenditures and the ability of individuals to afford physiologist services, and industry revenue is expected to grow at a CAGR of 4.8% to $4.7 billion through 2024, including a 0.9% rise in 2024, when profit will reach 31.8%.
Industry revenue has grown at a CAGR of 4.8 % over the past five years, to reach an estimated $4.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Lifemark Health Corporation | 421.2 | 17.9 | 4.2 | |
Cornerstone Physical Therapy | 4.3 | N/A | N/A | |
PhysioHouse Inc. | 4.3 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Musculoskeletal and integumentary systems, Neurological system and Cardiovascular and respiratory systems. Musculoskeletal and integumentary systems is the largest segment of the Physical Therapists in Canada.
Musculoskeletal systems require a lot of attention
Therapists in this industry administer medically prescribed physical therapy treatments; plan and administer educational, recreational and social activities designed to help patients with disabilities regain physical or mental functioning or adapt to their disabilities; and diagnose and treat speech, language or hearing problems.
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NAICS 621340 - Physical Therapists in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The aging population is driving an increased demand for physical therapy. Many adults aged 65 and older are developing chronic conditions needing therapy, resulting in a need...
Learn about an industry's products and services, markets and trends in international trade.
Musculoskeletal conditions necessitate physiotherapy for adults 65 and older. As these conditions persist, healthcare providers are developing expanded treatment options to b...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Ontario is the most populated province. Its high density and major urban areas provide physiotherapists with a substantial patient base, ensuring ongoing service demand.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Patients prefer to stick with their therapists to avoid treatment disruptions. Strong patient-therapist bonds make them less likely to switch based on price changes.
Learn about the performance of the top companies in the industry.
In May 2023, Lifemark Health Group announced that ExpertMed, a medical assessment company in Quebec, would join its AssessMed Medical Assessments division. This partnership w...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Canadian Alliance of Physiotherapy Regulators oversees credential evaluations for aspiring physiotherapists. They also review international candidates' credentials to ens...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit continues to thrive despite a period of economic uncertainty. During the pandemic, therapists leveraged virtual meetings and sessions to help stabilize operations and ...
Including values and annual change:
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Key data sources in Canada include:
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These sources include:
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The market size of the Physical Therapists industry in Canada is $4.7bn in 2024.
There are 16,486 businesses in the Physical Therapists industry in Canada, which has grown at a CAGR of 6.6 % between 2019 and 2024.
The market size of the Physical Therapists industry in Canada has been growing at a CAGR of 4.8 % between 2019 and 2024.
Over the next five years, the Physical Therapists industry in Canada is expected to grow.
The biggest companies operating in the Physical Therapists market in Canada are Lifemark Health Corporation, Cornerstone Physical Therapy and PhysioHouse Inc.
Musculoskeletal and integumentary systems and Neurological system are part of the Physical Therapists industry.
The company holding the most market share in Canada is Lifemark Health Corporation.
The level of competition is high and steady in the Physical Therapists industry in Canada.