Doctor's orders: An aging population and expanding workforce will support industry demand

Over the past five years, the Occupational Therapists industry has grown, due to the burgeoning elderly population requiring occupational therapy for age-related ailments. Additionally, autism is the fastest growing development disability, which has boosted patients demand for industry services to aid with developmental activities, among other daily tasks. In the next five years, industry revenue is forecast, driven by the continued demand from the elderly population. Moreover, as healthcare insurance providers seek to cut costs, many will provide favorable reimbursements for noninvasive outpatient treatment options, including occupational therapy...purchase to read more.

Industry Statistics & Market Size
Revenue
$22bn
Annual Growth 12-17
2.8%
Forecast Growth 17-22
Profit
Employment
147,190
Businesses
38,830
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The burgeoning elderly population will bolster demand for industry services
  • Many healthcare providers have stressed the importance of mental health
  • Demand for OT from individuals with mental health ailments will provide a boon to the industry
  • Industry Report - Industry Products Chapter

    Occupational therapists provide individuals with therapeutic services to fulfill everyday life activities, which are also known as occupations. Occupational therapy services include habilitation, rehabilitation and the promotion of health and wellness to those who have or are at risk for developing an illness, injury, disease, disorder, condition, impairment, disability, activity limitation or participation restriction, according to the American Occupational Therapy Association (AOTA). Unlike physical therapy, occupation therapy extends beyond the physical to also address cognitive, psychological and sensory-perceptual issues.According to AOTA, the typical occupational therapist is female (92.0%), is employed full-time (85.0%) and has about 13 years of experience. Occ...purchase to read more.

    Additional Insights for the Occupational Therapists Industry

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

  • Having a good reputation
  • Ability to quickly adopt new technology
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Median age of population and Federal funding for Medicare and Medicaid in the Occupational Therapists industry impact industry performance..

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    What's in this report

    What is the Occupational Therapists Industry?

    This industry includes independent health practitioners who help individuals with physical, mental or developmental conditions with daily living and working through everyday activities (occupations). More specifically, occupational therapy includes: helping children with disabilities to participate fully in school and social situations; helping individuals recovering from injury to regain skills; and providing support for individuals experiencing physical and cognitive changes.

    Industry Products
  • Orthopedic occupational therapy services
  • Geriatric occupational therapy services
  • Pediatric occupational therapy services
  • Industry Activities
  • Providing habilitation services
  • Providing rehabilitation services
  • Providing other occupational therapy services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Median age of population
  • Federal funding for Medicare and Medicaid
  • Number of employees
  • Number of people with private health insurance
  • National unemployment rate

  • Current Performance
  • Industry landscape
  • Medicare and Medicaid reimbursement
  • Chart: Revenue Growth

  • Industry Outlook
  • Mental health spurs demand
  • Enterprises and employment
  • Table: Occupational Therapists Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Occupational Therapists 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
  • Consumers

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

  • Products & Services
  • Orthopedic occupational therapy services
  • Pediatric occupational therapy services
  • Geriatric occupational therapy services
  • Other
  • Chart: Occupational Therapists Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Hospitals
  • Schools
  • Skilled nursing facilities
  • Outpatient clinics
  • Other
  • Home health
  • Academia
  • Mental health
  • Chart: Major Market Segmentation for the Occupational Therapists Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Occupational Therapists

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Occupational Therapists Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Occupational Therapists 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 Occupational Therapists Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of people with private health insurance (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • Workers' Compensation
  • A state-mandated, comprehensive insurance program that requires employers to fund or insure medical expenses, lost wages and other costs resulting from work-related injuries and illnesses.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Occupational Therapists provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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 Occupational Therapists:
    • 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 Occupational Therapists 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 Occupational Therapists, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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