$46.9bn
$X.Xbn
691k
50,516
$XX.Xbn
For most of the past decade, physical therapy rehabilitation centers in the US have enjoyed revenue growth as a result of an aging population since seniors aged 65 years and older are more likely to require physical therapy services as they face a higher incidence of injuries, illnesses and chronic conditions. Consumers have increasingly accepted the benefits of physical therapy services, supporting demand for the industry. However, in 2020, revenue dropped as the COVID-19 pandemic kept patients in their homes and away from inpatient facilities. The release of pent-up demand has brought back revenue growth, but inflationary pressures have muted the industry's rebound as consumers delay minor treatments not covered by their insurance plans. Industry revenue has been growing at a CAGR of 0.8% to $46.9 billion up to the end of 2023 when revenue will climb by 3.5%.
Industry revenue has grown at a CAGR of 0.8 % over the past five years, to reach an estimated $46.9bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Encompass Health Corporation | 3,946.6 | 1,071.3 | 27.1 | |
Select Medical Holdings Corp | 915.8 | 78.9 | 8.6 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including General physical therapy, Speech and audiology and Geriatrics. General physical therapy is the largest segment of the Physical Therapy Rehabilitation Centers in the US.
Physical injuries fuel the need for orthopedic rehabilitation
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.
Purchase this report to view all 2 major companies in this industry.
NAICS 62134 - Physical Therapy Rehabilitation Centers in the US
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 has supported revenue growth. A higher incidence of musculoskeletal ailments among older adults is boosting demand for ongoing physical therapy.
Learn about an industry's products and services, markets and trends in international trade.
Orthopedic care provides the greatest share of revenue. Patients with severe physical injuries will quite often need long-term orthopedic care, providing a stable source of r...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Physical therapy practices favor metros. Densely populated metropolitan areas give physical therapy practices access to a more extensive patient base.
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.
Alternative medicine can challenge physical therapy. Alternative medicine is less costly than physical therapy in non-emergency situations, boosting competitive pressures.
Learn about the performance of the top companies in the industry.
No rehabilitation centers hold a substantial market share. Despite several companies having a national presence, the industry has a significant focus on local and regional ca...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Medicare funding determines the success of rehabilitation centers. Many patients rely on Medicare for long-term treatment, providing a steady revenue stream.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Cost pressures constrain profit growth. The recovering patient volumes post-COVID-19 hasn't been enough to offset the rising input costs and wage expenditures PT clinics are ...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Physical Therapy Rehabilitation Centers in the US industry in United States is $46.9bn in 2024.
There are 50,516 businesses in the Physical Therapy Rehabilitation Centers in the US industry in United States, which has grown at a CAGR of 3.8 % between 2018 and 2023.
The market size of the Physical Therapy Rehabilitation Centers in the US industry in United States has been growing at a CAGR of 0.8 % between 2018 and 2023.
Over the next five years, the Physical Therapy Rehabilitation Centers in the US industry in United States is expected to grow.
The biggest companies operating in the Physical Therapy Rehabilitation Centers market in United States are Encompass Health Corporation and Select Medical Holdings Corp
Providing inpatient and outpatient physical, occupational and speech therapies (excluding drug and alcohol therapy) and Examining the history and well-being of patients are part of the Physical Therapy Rehabilitation Centers in the US industry.
The company holding the most market share in United States is Encompass Health Corporation.
The level of competition is high and increasing in the Physical Therapy Rehabilitation Centers in the US industry in United States.