Walk it off: As the trends that supported previous growth wane, revenue increases will slow

The Physical Therapists industry in California has grown steadily over the five years to 2017. California's aging population, combined with its rising income levels, has driven demand for industry services. While these same trends have been occurring throughout the country, they have been especially prevalent in California, causing industry revenue in the state to outpace physical therapist revenue nationally. Over the five years to 2022, growth is expected to rise, albeit at a slower pace. Many of the trends that have supported industry growth over the five years to 2017 are projected to slow over the next five years. However, demand for industry services is still expected to continue growing faster in California than in the rest of the country...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Demand for industry services is expected to continue growing faster in California than at the national level
  • Despite the insured population growing, many private health insurance companies do not fully cover physical therapy
  • Funding for government insurance is anticipated to continue rising at a strong pace
  • Industry Report - Industry Locations Chapter

    The distribution of physical therapists in California is tied to the distribution of the state's population. For example, the most populated region, Los Angeles County, which accounts for 25.8% of the population, is home to 29.3% of industry establishments. Additionally, the San Francisco Bay Area accounts for 18.2% of establishments and 19.6% of the population. As a healthcare service provider, industry operators must establish themselves where there is a large patient base. However, one region that breaks this trend is Orange County. This region accounts for 13.0% of establishments, but only 8.1% of the population. Industry operators are attracted to this region because it has a wealthy population that is more likely to pay out-of-pocket for services...purchase to read more.

    Additional Insights for the Physical Therapists in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Physical Therapists in California Industry are

  • Development of a symbiotic relationship with another industry
  • Having a good reputation
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 50 and older in California and Number of employees in the Physical Therapists in California industry impact industry performance..

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    What's in this report

    What is the Physical Therapists in California Industry?

    Operators in this industry include independent health practitioners primarily engaged in outpatient services. These services include administering medically prescribed rehabilitation for patients suffering from injuries or muscle, nerve, joint and bone disease; planning and administering educational, recreational and social activities designed to help patients or individuals with disabilities; and diagnosing and treating speech, language or hearing problems.

    Industry Products
  • Diseases of the musculoskeletal system
  • Mental disorders
  • Diseases of the nervous system
  • Symptoms, signs and ill-defined conditions
  • Injury and poisoning
  • Diseases of the circulatory system
  • Diseases of the respiratory system
  • Industry Activities
  • Examining history and physical well-being of patients
  • Establishing a management plan
  • Incorporating the results of laboratory and imaging studies
  • Providing manual therapy, education and techniques
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of adults aged 50 and older in California
  • Number of employees
  • Number of People with Private Health Insurance in California
  • Per Capita Disposable Income in California
  • Federal funding for Medicare and Medicaid
  • Unemployment Rate in California

  • Current Performance
  • Industry demand
  • Quality care
  • Chart: Revenue Growth

  • Industry Outlook
  • Aging population
  • Changing markets
  • Table: Physical Therapists in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Physical Therapists in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Life Insurance & Annuities
  • Health & Medical Insurance
  • Property, Casualty and Direct Insurance
  • Workers' Compensation & Other Insurance Funds
  • Primary Care Doctors
  • Specialist Doctors
  • Home Care Providers
  • Hospitals
  • Nursing Care Facilities
  • Consumers

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Diagnostic & Medical Laboratories
  • Generic Pharmaceutical Manufacturing
  • Glasses & Contact Lens Manufacturing
  • Medical Instrument & Supply Manufacturing
  • Primary Care Doctors
  • Specialist Doctors

  • Products & Services
  • Diseases of the musculoskeletal system
  • Other
  • Symptoms, signs and ill-defined conditions
  • Injury and poisoning
  • Diseases of the circulatory system
  • Diseases of the nervous system
  • Diseases of the respiratory system
  • Mental disorders
  • Chart: Physical Therapists in California Industry Products and Services Segmentation

  • Major Markets
  • Government Insurance
  • Private insurance
  • Other patient care
  • Out-of-pocket payments
  • Other
  • Chart: Major Market Segmentation for the Physical Therapists in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Physical Therapists in California

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Physical Therapists in California Industry

  • California Rehabilitation and Sports Therapy, California Therapy Solutions, Kindred Healthcare Inc., Pacific Physical Therapy, Select Medical Holdings Corporation,
  • Table: California Rehabilitation and Sports Therapy - financial performance
  • Table: California Therapy Solutions - financial performance
  • Table: Kindred Healthcare Inc. - financial performance
  • Table: Pacific Physical Therapy - financial performance
  • Table: Select Medical Holdings Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Physical Therapists in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Physical Therapists in California Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of people with private health insurance in California (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Autonomous Practice
  • A physical therapy practice that is characterized by independent, self-determined professional judgment and action.
  • Incontinence
  • Involuntary urination or defecation.
  • Musculoskeletal
  • A term that refers to issues related to muscles and the skeleton.
  • Occupational Therapy
  • Therapy to help people participate in the things they want and need to do through the therapeutic use of everyday activities.
  • Orthopedic Therapy
  • Therapy to manage and treat disorders and injuries of the musculoskeletal system.
  • Stroke
  • A condition that occurs when the supply of blood to your brain is suddenly disrupted.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Physical Therapists in California is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Physical Therapists in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Physical Therapists in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Physical Therapists in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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