U.S. Physical Therapy Services Market To Reach $76.6 Billion By 2033

U.S. Physical Therapy Services Market Growth & Trends

The U.S. physical therapy services market size is expected to reach USD 76.6 billion by 2033, registering a CAGR of 4.9% from 2026 to 2033, according to a new report by Grand View Research, Inc. Physical therapy (PT) can help in reducing overall treatment costs and improving outcomes. This, coupled with the rising prevalence of pain and musculoskeletal diseases, is driving market growth. According to the U.S. Bureau of Labor Statistics, employment of PTs is expected to increase by 17% from 2021 to 2031. In addition, approximately 15,400 yearly average openings for physical therapists are projected over the next ten years. Providers and purchasers of traditional healthcare services, such as insurance companies, health maintenance organizations, businesses, and industries, are constantly seeking cost savings.

PT services are a cost-effective method for preventing short-term disabilities from becoming chronic conditions, avoiding invasive procedures, accelerating recovery, and eliminating or reducing the need for opioids. The patient who takes PT can save an average of USD 2,736 on treatment costs. In the United States, approximately 19.7% of children & adolescents aged 2 to 19 years are obese. This represents over 14.7 million children & adolescents. The prevalence of obesity among adults was 41.9% during 2017 - 2020. Furthermore, the annual medical cost of obesity was estimated to be around USD 173 billion in 2019. PT services help obese individuals become more active and fit with the help of pain-free movement techniques.

The COVID-19 pandemic has negatively impacted market growth. In April and May 2020, according to national surveys conducted by the American Physical Therapy Association (APTA), 54% of physical therapists reported a decrease in work hours since the start of the pandemic. Nearly 36% reported a decrease in hours in July 2020, while 7% reported being laid off, 16% furloughed, and 2% resigned or quit. Nearly 98% of therapists did not offer telehealth consultations to patients before the COVID-19 outbreak. However, by July 2020, 47% reported using telehealth, a percentage that is likely to increase in the future. Due to the COVID-19 emergency, policy modifications have facilitated telehealth utilization in PT services.

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U.S. Physical Therapy Services Market Report Highlights

• By application, the orthopedic segment held the largest market share of 59.1% in 2025. The geriatric therapy segment is expected to grow at the fastest CAGR over the forecast period.

• By settings, the outpatient clinics segment held the largest revenue share of 51.2% in 2025. The home healthcare segment is expected to grow at a significant CAGR over the forecast period.

• By payer, the private health insurance segment held the largest revenue share of 57.9% in 2025. The public insurance segment is expected to grow at a significant CAGR over the forecast period.

U.S. Physical Therapy Services Market Segmentation

Grand View Research has segmented U.S. physical therapy services market report based on application, settings, payer, and region:

U.S. Physical Therapy Services Application Outlook (Revenue, USD Billion, 2021 - 2033)

• Orthopedic Therapy

• Neurological Therapy

• Geriatric Therapy

• Pediatric Therapy

• Women Health

• Cardiopulmonary Therapy

• Others

U.S. Physical Therapy Services Settings Outlook (Revenue, USD Billion, 2021 - 2033)

• Outpatient Clinics

• Hospitals

• Home Healthcare

• Others

U.S. Physical Therapy Services Payer Outlook (Revenue, USD Billion, 2021 - 2033)

• Public Insurance

• Private Insurance

• Out of Pocket

U.S. Physical Therapy Services Region Outlook (Revenue, USD Billion, 2021 - 2033)

• West

• Midwest

• Southeast

• Northeast

• Southwest

List of Key Players of U.S. Physical Therapy Services Market

• Select Physical Therapy

• U.S. Physical Therapy, Inc.

• ATI Physical Therapy

• Athletico Physical Therapy

• Drayer Physical Therapy Institute

• Professional Physical Therapy

• CORA Health Services, Inc.

• PT SOLUTIONS

• Boston Children's Hospital

• ApexNetwork Physical Therapy

• Hinge Health, Inc.

• Kaia Health (Sword Health, Inc.)

• Limber Health, Inc. (Net Health)

• Kins Health Inc (Wysa Ltd.)

• BetterHealthcare

• Omada Health Inc.