Bend and stretch: An aging population and healthcare reform will support industry growth

Over the five years to 2018, the Physical Therapy Rehabilitation Centers industry experienced revenue growth as a result of the aging population and increasing acceptance of the benefits of physical therapy services. The number of adults aged 65 and older has also helped support industry revenue growth during the period because seniors are more likely to require physical therapy services due to of the increased prevalence of injuries, illnesses and chronic conditions in that age group. The industry has also benefited from the expansion of healthcare coverage under the Patient Protection and Affordable Care Act...purchase to read more.

Industry Statistics & Market Size
Revenue
$35bn
Annual Growth 13-18
3.6%
Forecast Growth 18-23
Profit
Employment
405,969
Businesses
60,316
Market Share of Companies

Industry Threats & Opportunities

  • The aging population, healthcare reform and economic recovery will support growth
  • Some physicians and chiropractors are providing space in their offices to contracted therapists
  • The industry will continue to benefit from mounting acceptance of physical and related therapy services
  • Industry Report - Industry SWOT Analysis Chapter

    The Physical Therapy Rehabilitation Centers industry is in the growth phase of its life cycle. Over the 10 years to 2023, the industry's contribution to the economy (measured as industry value added) is projected to grow an annualized 3.4%. This is faster than the rate of US GDP growth, which is expected to grow at an annualized rate of 2.1%. This trend is due to strong need-based demand for physical therapy services from the growing elderly population, as well as a high prevalence of chronic illnesses, coupled with more individuals with health insurance. The industry will continue to fragment as the number of small players establishing physical rehabilitation centers continues to grow to meet rising demand...purchase to read more.

    Additional Insights for the Physical Therapy Rehabilitation Centers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Physical Therapy Rehabilitation Centers Industry are

  • Understanding government regulation and their implications
  • Access to highly skilled workforce
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Number of adults aged 65 and older in the Physical Therapy Rehabilitation Centers industry impact industry performance..

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    What's in this report

    What is the Physical Therapy Rehabilitation Centers Industry?

    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.

    Industry Products
  • General physical therapy
  • Speech and audiology
  • Geriatrics
  • Neurology
  • Orthopedics
  • Pediatrics
  • Sports
  • Other specialty physical therapy
  • Industry Activities
  • Providing inpatient and outpatient physical, occupational and speech therapies (excluding drug and alcohol therapy)
  • Examining the history and well-being of patients
  • Establishing a management plan
  • Incorporating the results of laboratory and imaging studies
  • Providing manual therapy, education and techniques, such as ultrasound and electrical stimulation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older
  • Number of people with private health insurance
  • Per capita disposable income

  • Current Performance
  • Healthcare reform
  • Government funding
  • More choices
  • Therapist shortage
  • Chart: Revenue Growth

  • Industry Outlook
  • Demographics increase demand
  • Evolving operating conditions
  • New legislation
  • Table: Physical Therapy Rehabilitation Centers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Physical Therapy Rehabilitation Centers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Life Insurance & Annuities
  • Health & Medical Insurance
  • Health & Welfare Funds
  • Workers' Compensation & Other Insurance Funds
  • Primary Care Doctors
  • Specialist Doctors
  • Hospitals
  • Consumers

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Diagnostic & Medical Laboratories
  • Generic Pharmaceutical Manufacturing
  • Janitorial Services
  • Medical Instrument & Supply Manufacturing
  • Medical Supplies Wholesaling
  • Waste Collection Services

  • Products & Services
  • Orthopedics
  • General physical therapy
  • Speech and audiology
  • Geriatrics
  • Neurology
  • Sports
  • Pediatrics
  • Other specialty physical therapy
  • Chart: Physical Therapy Rehabilitation Centers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Medicare
  • Commercial health insurance
  • Private and other
  • Worker's compensation
  • Medicaid
  • Chart: Major Market Segmentation for the Physical Therapy Rehabilitation Centers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Rent and marketing
  • Purchases, depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Physical Therapy Rehabilitation Centers

  • Basis of Competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Physical Therapy Rehabilitation Centers Industry

  • Industry Globalization
    Encompass Health Corporation,
  • Table: Encompass Health Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Physical Therapy Rehabilitation Centers 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 Therapy Rehabilitation Centers Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of people with private health insurance (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Inpatient Rehabilitation Facilities
  • Inpatient rehabilitation facilities offer various forms of physical therapy services to patients that are admitted to the rehabilitation center
  • Occupational Therapy
  • Therapy to help people participate in the things they want and need to do through the therapeutic use of everyday activities.
  • Outpatient Rehabilitation Facilities
  • Outpatient rehabilitation facilities provide physical, occupational or speech therapy services to patients that are not admitted to the physical therapy rehabilitation center.
  • Physical Therapy
  • Therapy targeted toward a variety of disabilities, limitations, change in physical function and other impairments.
  • Speech Language Pathology
  • Therapy targeted toward language and speech disorders that cause swallowing or communication problems.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Physical Therapy Rehabilitation Centers contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Physical Therapy Rehabilitation Centers:
    • 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 Therapy Rehabilitation Centers 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 Therapy Rehabilitation Centers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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