Physical Therapy Software Market Size, Growth, Trends | Report 2022-2030
The global physical therapy software market was surpassed at USD 1.2 billion in 2021 and is expected to hit around USD 2.8 billion by 2030, growing at a CAGR of 9.87% from 2022 to 2030.
Advancement in health IT technologies, growing investments in healthcare sector, integration of practice management with other health IT solution are the factors expected to drive the market growth. Furthermore, benefits associated with physical therapy software such as generating less paperwork, reducing billing errors, and other benefits supports in market growth.
As physical therapists have expanded into more diverse and autonomous practice locations, they are required to make more operative and efficient clinical decisions. Making sound clinical conclusions needs the right information at the right time and in the right format. Hence, physical therapy software expected to cater such market demand, in turn, promotes the market growth.
Since the emergence of COVID-19, every industry has grappled with how to do business and deliver services to their constituents, clients, and patients. Consistent with an American Physical Therapy Association (APTA) report from August 2020, nearly half of the clinic owners shut their doors at some point in the initial months of the pandemic. A large majority of clinic owners informed revenue losses. Physical therapists and their assistants faced reduced hours and income as they navigated an exclusively new way of providing services: telehealth visits.
Effective standardization of the functions and correct data management became even more important to the successful delivery of care across populations. Thus, the healthcare organizations are investing in a software solution to tackle the challenges of managing repetitive tasks, follow-ups, and become compliant with the healthcare guidelines, thus, expected to drive the market growth.
From the computers growth that better track patient medical records to handheld devices that stimulate healing at the cellular level, technology has constantly evolved to better assist individuals— the patients. And nowadays, technology can better aid therapy practice. In the physical therapy world, new advancements in technology are taking place. In February 2021; Alliance Physical Therapy partners introduced Outpatient Therapy EMR Software. Agile EMR can bring together, all the essential elements of compliance, documentation, billing, and care, coordinating into one complete platform.
Scope of The Report
| Report Coverage | Details |
| Market Size in 2021 | USD 1.2 billion |
| Revenue Forecast by 2030 | USD 2.8 billion |
| Growth rate from 2022 to 2030 | CAGR of 9.87% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segmentation | Interface, deployment mode, end-use, region |
| Companies Covered | Practice Fusion, Inc.; WebPT; Systems 4PT; Axxess; DrChrono Inc.; Power Diary Pty Ltd.; BioEx Systems; Meditab; OptimisCorp; Systems 4PT; MICA Information Systems, Inc.; Cerner (Oracle); Kareo, Inc.; NXGN Management, LLC |
Interface Insights
The mobile and tablet segment held the largest revenue share of above 58.2% in 2021. A software in mobile health app makes all the procedures in a hospital smoother to add value to the patients. There are many healthcare settings in the market that have already started using a custom-made mobile app for themselves. Mobile devices are quickly outpacing the usage of desktops and laptops. Besides, the usage of tablets and mobiles is on the rise in hospitals and clinics as well. This gives health care providers a portable device they can take during consultations and home appointments, which supports market growth.
The desktop and laptop segment of management software is proposed to be used at a single location by one or more associates of a medical office’s staff accessing a single computer. Nowadays, cloud and mobile extensions to this management software option have transformed this approach by offering the flexibility of remote functionality through mobile devices. IMS from 1st Provider's Choice is for Physical Therapy, which is intended to be used on iPads, iPhones, Windows-based tablets, Android devices, and other handheld devices, as well as laptops and desktop computers.
Deployment Mode Insights
The cloud-based segment is estimated to account for the largest market share and witnessed lucrative growth due to the growing adoption and rising popularity of cloud-based healthcare services. Cloud-based systems are more cost-effective to deploy than server-based systems, and this software abolishes the requirement for in-house maintenance, which is likely to be the primary factor driving their popularity.
Besides, cloud deployment provides greater flexibility, which in turn promotes market growth. For instance, Bellarmine University provisions students in obtaining real-world EMR experience with Web PT’s cloud-based software.
Server-based systems are stored on location at the practice. These solutions are still widespread, but that’s altering due to their associated drawbacks, such as high procurement price and overall cost of maintenance, which include annual software updates and network maintenance.
End-Use Insights
The hospitals segment held the largest share of the market in 2021 and is anticipated to continue leading the market during the forecast period. Hospitals are a vital part of the healthcare industry and are the main revenue source for the entire sector, which drives research and innovation. Consequently, numerous corporations are making significant efforts, both in terms of revenue & marketing strategies, to endorse their interface/services in hospitals. Hospitals are the prime point of care for all kinds of health problems, owing to which the segment is anticipated to hold the largest share in the global market.
The others segment is expected to witness the fastest growth during the forecast period. The segment is inclusive of sports & fitness centers, nursing homes, home health care services, and rehabilitation facilities. According to the American Academy of Physical Therapy, physical therapists typically work in private offices, clinics, hospitals, and nursing homes, such as hospitals (state, local, and private) (28%), at-home health care services (11.0%), nursing and residential care facilities (7%), and physician offices (5%).
Regional Insights
North America accounted for the largest revenue share in 2021 owing to high awareness levels and improved healthcare infrastructure. Besides, superior adoption of innovative technologies and greater investments in the healthcare area drives the market growth in this region. Moreover, the healthcare sector is one of the largest industrial verticals in the U.S. This further propels the market growth of this region. Presence of established market players and initiatives taken by them further propel regional development, which in turn, supports market growth.
The Asia Pacific market is presumed to witness the fastest growth owing to the rising healthcare infrastructure. Physiotherapy and rehabilitative services go beyond prescriptions for acute circumstances. Geriatric population growth in the region further propels regional demand. There are many chronic conditions that call for a long-term plan to help in the prevention and correction of these conditions. For instance, iFour Techno Lab Pvt. Ltd. offers +Physio which is a comprehensive and reliable physical therapy software. The firm is based in Gujarat, India.
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Physical Therapy Software Market
5.1. COVID-19 Landscape: Physical Therapy Software Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Physical Therapy Software Market, By Interface
8.1. Physical Therapy Software Market, by Interface, 2022-2030
8.1.1 Desktop & Laptop
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Mobile & Tablet
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Physical Therapy Software Market, By Deployment Mode
9.1. Physical Therapy Software Market, by Deployment Mode, 2022-2030
9.1.1. Server-Based
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Cloud-Based
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Physical Therapy Software Market, By End-Use
10.1. Physical Therapy Software Market, by End-Use, 2022-2030
10.1.1. Clinics
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Hospital
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Others
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Physical Therapy Software Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Interface (2017-2030)
11.1.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.1.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Interface (2017-2030)
11.1.4.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.1.4.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Interface (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.1.5.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Interface (2017-2030)
11.2.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.2.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Interface (2017-2030)
11.2.4.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.2.4.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Interface (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.2.5.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Interface (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.2.6.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Interface (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.2.7.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Interface (2017-2030)
11.3.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.3.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Interface (2017-2030)
11.3.4.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.3.4.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Interface (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.3.5.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Interface (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.3.6.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Interface (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.3.7.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Interface (2017-2030)
11.4.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.4.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Interface (2017-2030)
11.4.4.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.4.4.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Interface (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.4.5.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Interface (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.4.6.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Interface (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.4.7.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Interface (2017-2030)
11.5.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.5.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Interface (2017-2030)
11.5.4.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.5.4.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Interface (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Deployment Mode (2017-2030)
11.5.5.3. Market Revenue and Forecast, by End-Use (2017-2030)
Chapter 12. Company Profiles
12.1. Practice Fusion, Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. WebPT
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Systems 4PT
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Axxess
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. DrChrono Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Power Diary Pty Ltd.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. BioEx Systems
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Meditab
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. OptimisCorp
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Systems 4PT
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers