U.S. Physical Therapy Market Worth $53 Billion

January 6, 2025: Marketdata LLC, a leading independent market research publisher of “off-the-shelf” studies about service industries since 1979, has released a new 99-page study: " U.S. Physical Therapy Clinics: An Industry Analysis" . This is a complete analysis and forecast for physical therapy services—the nature and economic structure and size of the market, key issues, trends, effects of the pandemic, and competition.

“Outpatient physical therapy is in demand, as the population ages. A stable reimbursement environment, private equity investment, and the popularity of PT as an alternative to opioids for pain management all contribute to a positive outlook through 2030.”, according to Research Director, John LaRosa.

Major Findings:

* Market Value… Marketdata estimates that the U.S. physical and occupational therapy industry was worth $53 billion in 2024, up 6.4 % from 2023 and up 64% from 2020. The market is forecast to grow at a 6.4 % average annual pace, to $70 billion by 2030.

* Operations… There were 50,883 U.S. clinics providing physical therapy, occupational therapy, speech therapy and audiology. Average annual receipts per clinic are $871,000, with a net profit margin of 14-20%. Payroll accounts for 49 cents of each sales dollar.

* The industry employs 464,000 workers and the average physical therapist earns $99,700/year. o-thirds of physical therapists are female.

* Telehealth is now being used in physical therapy to create efficiencies, increase access to care, and drive more optimal clinical outcomes.

* Therapists… The high demand and low unemployment rates for PTs are due in large part to the number of therapists retiring (in 2019 ~49% of physical therapists were between the ages 50-64, compared to 32% in 2010). The shortage for PTs is projected to be on average 16,000 each year until 2030.

* Consolidation… This industry has been consolidating for years, yet private practice remains very fragmented. The 50 largest companies—two public operators and private equity-backed operations—captured just 29 percent of the industry’s market share. The potential for “roll-ups” is high.

* Competition.… Six large chain competitors, Select Medical, ATI Physical Therapy, U.S. Physical Therapy, PT Solutions and Athletico, had combined revenues of $4.07 billion in 2024, and they operated 4,949 clinics (9.7% of the industry total). The leaders have been active in acquisitions.

* Revenues.… The principal sources of payment for the clinics’ services are managed care programs, commercial health insurance, Medicare/Medicaid and workers’ compensation insurance.

About The Report

U.S. Physical Therapy Clinics: An Industry Analysis , published in January 2025, is an independently researched “off-the-shelf” study. The study is 99 pages in length, contains 42 tables & charts, 7 competitor profiles, and is priced at $1,295. Available in Pdf or MS Word format. A Table of Contents is available by email or at the Marketdata website. Contact: Marketdata LLC, 7210 Wareham Drive, Tampa, FL 33647, (813) 971-8080. John LaRosa is available for interviews. A $99 Overview Summary report is also available.

About Marketdata LLC

Marketdata is a private market research and consulting firm that has specialized in the tracking and analysis of a wide variety of service industry and healthcare sectors. The company also provides custom research and consulting services, and business coaching. It has a 35-year specialty tracking the weight loss market. The company’s websites are: www.marketdataenterprises.com and www.DietBusinessWatch.com. Purchase Report here.

Contact Information

John LaRosa

Research Director

Marketdata LLC

(1) 8139718080

john@marketdataenterprises.com