Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 3.9 % over the past five years, to reach an estimated $53.2bn in 2025.
Trends and Insights
Quality-driven innovations expand market access and shape competitive strategies
- Advancements in AI, VR/AR and wearable technologies have revolutionized physical therapy, enabling personalized, data-driven care and expanding treatment access through digital platforms. These innovations provide real-time feedback, novel rehabilitation therapies and demonstrable improvements in patient engagement and outcome. The benefits of VR therapy for children with cerebral palsy and individuals with Parkinson’s disease are one example of the benefits of new technology in the field.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Telerehabilitation will continue to challenge physical market boundaries to meet demand
- The telerehabilitation market is growing and is reshaping the physical therapy industry by breaking down geographic boundaries and meeting demand for accessible, personalized care. Artificial intelligence and machine learning enable data-driven treatment personalization, while virtual and augmented reality technologies offer immersive rehabilitation experiences. Studies show that VR can deliver superior outcomes for conditions such as Parkinson’s disease and cerebral palsy compared to conventional therapy. Wearable devices and smart sensors enable continuous progress monitoring, allowing practitioners to manage patients remotely and expand care far beyond traditional clinic settings.
Biggest companies in the Physical Therapists in the US
| Company | Market Share (%)
2025 | Revenue
2025 | Profit
2025 | Profit Margin (%)
2025 |
|---|
There are no companies that hold a market share exceeding 5% in the Physical Therapists in the US industry.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Neurological disorders, Musculoskeletal conditions and General physical therapy. Neurological disorders is the largest segment of the Physical Therapists in the US.
Trends and Insights
Physical therapy plays a vital role in treating musculoskeletal conditions
- Physical therapy (PT) for musculoskeletal (MSK) conditions includes the diagnosis, management and treatment of common MSK ailments (arthritis, osteoporosis, fibromyalgia, lupus, chronic back pain). Treatment for musculoskeletal conditions is the most common service performed at physical therapy clinics.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Therapists 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 diseases affecting muscles, nerves, joints and bones; 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.
What's included in this industry?
Products and services covered in the Physical Therapists industry in the United States include Treatment for neurological disorders, Treatment for musculoskeletal conditions, General physical therapy, Treatment related to injuries and Treatment related to other conditions .Companies
Companies covered in the Physical Therapists industry in the United States include .Purchase this report to view all major companies in this industry.
Related Terms
Related terms covered in the Physical Therapists industry in the United States include musculoskeletal, stroke, incontinence, occupational therapy, remote therapeutic monitoring and capitation.Industry Code
NAICS 62134 - Physical Therapists in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Physical therapy plays an increasingly important role in healthcare. It addresses the rising medical needs and wellness trends of a demographically diverse population.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Private insurers are the largest payers of physical therapy treatment. Practices rely on private reimbursements more than any other revenue source.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2025
- Product innovation level
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Physical therapy practices favor metro areas. Densely populated metro areas provide practices with access to larger patient bases, whereas rural areas are generally underserv...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each state in 2025
- Number and share of revenue each state accounts for in 2025
- Number and share of wages each state accounts for in 2025
- Number and share of employees in each state in 2025
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Differentiation is vital in saturated markets. When patients can choose between practices, clinics must differentiate from direct competitors as well as other healthcare prov...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
There are no companies that hold a market share exceeding 5% in the Physical Therapists in the US industry.
Analyst insights
Independent practices are standard in physical therapy. Although an uptick in consolidation has led some companies to develop regional footholds, no single practice holds a s...
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Physical therapists navigate a complex regulatory environment. States have different requirements but the Physical Therapy Compact enhances the ability of eligible physical t...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Cost pressures constrain profit growth. Rising labor costs, technology and systems costs and various regulatory and administrative compliance expenses hinder profit growth.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Industry Multiples (2018-2023)
- Industry Tax Structure (2018-2023)
- Income Statement (2018-2023)
- Balance Sheet (2018-2023)
- Liquidity Ratios (2018-2023)
- Coverage Ratios (2018-2023)
- Leverage Ratios (2018-2023)
- Operating Ratios (2018-2023)
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Physical Therapists industry in the United States in 2025?
The market size of the Physical Therapists industry in the United States is $53.2bn in 2025.
How many businesses are there in the Physical Therapists industry in the United States in 2025?
There are 152k businesses in the Physical Therapists industry in the United States, which has grown at a CAGR of 5.2 % between 2020 and 2025.
How may import tariffs affect the Physical Therapists industry in the United States?
The Physical Therapists industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Physical Therapists industry in the United States?
The Physical Therapists industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Physical Therapists industry in the United States grown or declined over the past 5 years?
The market size of the Physical Therapists industry in the United States has been growing at a CAGR of 3.9 % between 2020 and 2025.
What is the forecast growth of the Physical Therapists industry in the United States over the next 5 years?
Over the next five years, the Physical Therapists industry in the United States is expected to grow.
What does the Physical Therapists industry in the United States include?
Treatment for neurological disorders and Treatment for musculoskeletal conditions are part of the Physical Therapists industry in the United States.
How competitive is the Physical Therapists industry in the United States?
The level of competition is high and steady in the Physical Therapists industry in the United States.
Methodology
How are IBISWorld reports created?
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.
What data sources do IBISWorld analysts use?
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:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
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.
How does IBISWorld forecast its data?
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.
