Home Technology Physical Therapy Software Market Size, Share & Trends | Forecast-2031 | Straits Research

Physical Therapy Software Market

Physical Therapy Software Market Size, Share & Trends Analysis Report By Deployment Type (On-premise, Cloud-based), By Application (Hospital, Specialty clinic) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Report Code: SRTE759DR
Study Period 2020-2032 CAGR 9.8%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD XX Billion
Forecast Year 2032 Forecast Year Market Size USD XX Billion
Largest Market North America Fastest Growing Market Asia-Pacific
The sample report only takes 30 secs to download, no need to wait longer.

Market Overview

The global physical therapy software market size is expected to grow at a CAGR 9.8% during the forecast period, 2023–2031.

Physical therapy software is used to deliver seamless treatment to the patients suffering from accidents, osteoporosis, and post-surgery treatment, among others. The software offers umpteen services, which include customer relationship management, scheduling, online assistance, eliminating billing errors, centralized database of patient information, enhanced record keeping, automation of tasks, and better quality control.

 

Market Dynamics

Administrative Fallacies to Drive the Need for Physical Therapy Software

Technological advancement has transformed the healthcare sector in the last few years; for instance, the integration of software applications with in-built tools aids in managing patient data. The ‘Administrative Errors: Technical Series on Safer Primary Care, 2016’ report published by the World Health Organization (WHO) estimated that about 5%–50% of medical errors in primary care were caused due to administrative fallacies, which further increases the need for physical therapy software.

Rising Incidences of Home-Accidents

The geriatric population is highly susceptible to home-accidents and bone-related diseases such as osteoporosis, further increasing the need for physiotherapy treatments to build strength and stamina. As per the Asecurelife Statistics, in the U.S., about 300,000 geriatrics are hospitalized for hip fracture cases every year. As per the CDC, around 36,338 people die due to unintentional falls every year. In Japan, approximately 27% of the population is above the age of 65 years, followed by Italy with 23%. The market players are channelizing efforts to develop software that offers umpteen services in the comfort of home. Recently, Meditab developed software “Physical Therapy EHR Software” that comprises integrated exercise routines, easy operability, scheduling, and outcome tracking.

Regional Analysis

Rising Sports Injuries and Government Initiatives to Drive North America’s Market

North America dominates the physical therapy software market and will continue the same during the forecast period. The region houses one of the highest numbers of athletes, susceptible to sports-related injuries. As per the National Safety Council, in 2017, approximately 526,000 injuries were caused in personal exercises; about 500,000 injuries were basketball-related injuries; around 457,000 injuries were caused due to bicycling, and about 341,000 injuries were football-related injuries. The anterior cruciate ligament tear (ACL) is the most prevalent sports injuries, and about 250,000 ruptures are caused in the U.S. every year, as per the CDC.

North America is also backed by the presence of leading players that are offering advanced integration software with high technical expertise. In the U.S. and Mexico, the government is actively working to provide fitness programs to encourage people to adopt a healthy lifestyle. On June 25, 2019, the government of Mexico organized a fitness and wellness program for the state government workers to facilitate work and life balance. On June 25, 2018, the U.S. government passed the Personal Health Investment Today (PHIT) Act enabling the population to use tax-free accounts to pay for club memberships, qualified fitness experts, youth sports fees, and sports safety equipment.

Rising Prevalence of Osteoporosis in Asia-Pacific to Drive the Market Growth

Asia-Pacific is projected to witness the fastest growth on account of government initiatives, rising incidences of osteoporosis, and growing geriatric population. In China, the government has launched a strategic plan to push people towards physical fitness and a healthy lifestyle trend. On August 29, 2019, the government of India launched the Fit India movement to encourage people to stay fit, exercise, and follow a proper nutritional diet. Apart from this, technological advancement in the medical industry has reduced the mortality rate. In China, osteoporosis affects almost 70 million people over the age of 50, further driving the demand for physical therapy software in the region.

Report Scope

Report Metric Details
Segmentations
By Deployment Type
  1. On-premise
  2. Cloud-based
By Application
  1. Hospital
  2. Specialty clinic
Company Profiles MPN Software Systems (the U.S.) PT Practice Pro (the U.S.) TherapySync (the U.S.) Optima Healthcare Solutions (the U.S.) Meditab Software (the U.S.) Yocale (Canada) Systems4PT (the U.S.) Net Health (the U.S.) Phydeo (Canada) GoMotive (the U.S.) My Rehab Pro (the U.S.) OptimisCorp (the U.S.)
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Segmental Analysis

Cloud-Based Segment to Hold the Largest Market Share

Based on the deployment type, the physical therapy software market is divided into on-premise and cloud-based. The cloud-based segment holds the largest market share as it offers no data loss, increased data security, anytime use, scalability, disaster recovery, and reduced costs, among others. The on-premise software is extensively used by the clinics and hospitals to ensure security and efficiently manage data.

Extensive Use of Physical therapy Software in Hospitals

Based on the application, the physical therapy software is divided into hospitals, specialty clinics, and others. The increasing number of administrative errors in the hospitals and clinics have fostered market growth. The administrative errors comprise of the patient record errors, investigation requests, and results errors, follow up system errors, communications errors, and patient identification errors among others. The ‘Administrative Errors: Technical Series on Safer Primary Care, 2016’ report published by the World Health Organization (WHO) estimated that nearly 65% of the diagnostic errors were caused due to system errors. Additionally, according to the Health IT Dashboard, U.S. Government, more than 95% of the hospitals have a certified EHR technology that includes 99% of large hospitals.  The physical therapy software used in the hospitals seamlessly connects with the EHR to adhere to their complex needs of managing the various departments thereby helping in reducing these errors. Similarly, the specialty clinics, extensively utilize the physical therapy software for better document keeping and easy patient management.

Market Size By Deployment Type

Impact of covid-19

The pandemic has compelled the governments across the globe to enforce a lockdown, including specialty clinics and wellness centers. However, the physical therapy software market is witnessing a considerable surge due to shifting patient preference towards online therapy. In line with this, companies have started developing numerous applications and online services to increase their customer base.

For instance, Meditab enabled free televisit services for symptomatic COVID-19 patients. Similarly, IMS Patient App & Patient Care Portal enables the patients to access their health profiles and consult doctors online. 

Recent Developments

  • In August 2019, PT Practice Pro collaborated with Kno2 to connect with occupational therapy practices and deliver interoperability.
  • In June 2014, Net Health acquired The Rehab Documentation Company. The latter company is one of the leaders in physical, occupational, and speech therapy software.
  • In February, 2020, Net Health launched a Private Practice Solution that works on the companies xfit platform that will aid the clinics that are trying to scale their operations for complex processes.
  • In April 2013, Meditab offered its cloud-based solutions to the Allergy EHRShot lab thus transforming the paer based management to an electronic format.
  • According to the Health IT Dashboard, U.S. Government, in 2008, only 42% of the office-based physicians used the EHR while in 2017 85.9% of the physicians used the EHR thus observing a two-fold rise is noticed in the EHR adoption rate.

Top Key Players

MPN Software Systems (the U.S.) PT Practice Pro (the U.S.) TherapySync (the U.S.) Optima Healthcare Solutions (the U.S.) Meditab Software (the U.S.) Yocale (Canada) Systems4PT (the U.S.) Net Health (the U.S.) Phydeo (Canada) GoMotive (the U.S.) My Rehab Pro (the U.S.) OptimisCorp (the U.S.) Others

Frequently Asked Questions (FAQs)

What is the estimated growth rate (CAGR) of the Physical Therapy Software Market?
Physical Therapy Software Market size will grow at approx. CAGR of 9.8% during the forecast period.
Some of the top prominent players in Physical Therapy Software Market are, MPN Software Systems (the U.S.), PT Practice Pro (the U.S.), TherapySync (the U.S.), Optima Healthcare Solutions (the U.S.), Meditab Software (the U.S.), Yocale (Canada), Systems4PT (the U.S.), Net Health (the U.S.), Phydeo (Canada), GoMotive (the U.S.), My Rehab Pro (the U.S.), OptimisCorp (the U.S.), etc.
North America has held a dominant position in the Physical Therapy Software Market, with the largest market share.
The region with the most rapid expansion in the Physical Therapy Software Market is Asia-Pacific.
The global Physical Therapy Software Market report is segmented as follows: By Deployment Type, By Application


We are featured on :