Global Physical Therapy Software Market Size study & Forecast, by Deployment (On-Premises, Cloud) by Application (Hospitals, Specialty Clinics) and Regional Analysis, 2022-2029
Global Physical Therapy Software Market is valued approximately at USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.38% over the forecast period 2022-2029. Software for physical therapy (PT) is a kind of EHR (Electronic Health Record) that is made for a range of healthcare facilities including lab tests, rehabilitation centers, and mental health facilities. Physical therapists have a wide range of features at their discretion to improve charting, automate specific tasks, and increase patient engagement. The key factor driving the market growth is growing investment in healthcare sector, tracking follow-up appointments, and reducing paperwork.
According to Invest India, the hospital industry in India, contributing for 80% of the total healthcare market, is witnessing significant investment from both global as well as domestic investors. The hospital sector is anticipated to increase at a CAGR of 16–17% from USD 61.8 billion in 2017 to USD 132 billion by 2023. As a result, rising healthcare sector creates lucrative demand for the market growth. In addition, technological innovation and advancement in the field of physical therapy software will create lucrative opportunities for the market growth during forecast period. However, the lack of skilled resources and high-cost initial investment stifles market growth.
The key regions considered for the Global Physical Therapy Software Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominates the regional market in terms of revenue owing to the rising technological advancement and adoption of IT and software in healthcare. North America is expected to grow at fastest during the forecast period, owing to factors such as the widespread adoption of cutting-edge technologies and significant investments in the healthcare industry.
Major market player included in this report are:
Exercise Pro Live
Meditab Software
OptimisCorp
Phydeo
PT Practice Pro
Systems4PT
Optima Healthcare Solutions
My Rehab Pro
Net Health
Warburg Pincus
Recent Developments in the Market:
In Aug. 2019, Warburg Pincus acquired a majority stake in WebPT. This investment would help to increase the Company’s market share by offering a cloud-based electronic health record and practise management tool for physical therapists.
In Oct. 2019, In order to provide an industry-first, end-to-end management solution for physical therapy practises, BetterPT, an integrated healthcare technology platform provider, partnered with PromptEMR, a fully integrated enterprise solution for managing outpatient PT clinics. The market share of the Company for physical therapy software grows as a result.
Global Physical Therapy Software Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Deployment, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed and sub-segment of the market are explained below:
By Deployment:
On-Premise
Cloud
By Application:
Hospitals
Specialty Clinics
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Companies Mentioned
Exercise Pro Live
Meditab Software
OptimisCorp
Phydeo
PT Practice Pro
Systems4PT
Optima Healthcare Solutions
My Rehab Pro
Net Health
Warburg Pincus
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