Kings Research today announced the release of its latest market intelligence study, “Global Physical Therapy Software Market: Size, Share, Trends & Forecast 2024–2031.” The report provides a comprehensive analysis of industry drivers, emerging technologies, regional outlook, and competitive dynamics.
According to Kings Research, the global physical therapy software market was valued at USD 1,291.5 million in 2023 and is projected to grow from USD 1,404.8 million in 2024 to USD 2,784.8 million by 2031, at a CAGR of 10.27% over the forecast period. The rising prevalence of musculoskeletal disorders, sports injuries, and age-related conditions is fueling demand for digital solutions that streamline physical therapy practices and improve patient care.
Physical therapy software refers to specialized digital platforms designed to support therapists in managing and delivering patient care. These applications offer tools for scheduling, documentation, exercise plan tracking, billing, and telehealth integration. By automating workflows and supporting patient engagement, they enhance operational efficiency, ensure compliance with healthcare regulations, and improve clinical outcomes.
The growing burden of musculoskeletal conditions highlights the need for these solutions. A 2023 study by the Institute for Health Metrics and Evaluation projects nearly 1 billion people will suffer from osteoarthritis by 2050, up from 15% of adults aged 30+ today. This rising prevalence underscores the importance of efficient, technology-driven care delivery systems. (Source: www.healthdata.org)
Kings Research identifies the following accelerators shaping the market:
- Digital Transformation in Healthcare: Integration with EHR systems enables seamless data sharing, compliance, and coordinated care.
- Telehealth & Remote Care Expansion: Cloud platforms and virtual consultations expand patient access and flexibility. In June 2024, Sword Health launched Phoenix, an AI tool guiding patients through virtual sessions to reduce reliance on opioids and surgery.
- AI & Predictive Analytics: Machine learning enhances diagnosis, personalizes treatment, and supports progress tracking.
- Shift to Value-Based Care: Software supports data-driven performance measurement, helping clinics demonstrate quality of care.
- Strategic Partnerships: In September 2024, Athletico Physical Therapy partnered with Ballet Des Moines to optimize dancer health, reflecting broader collaborations between providers and technology firms.
For clinics, hospitals, and physical therapy networks, the software market offers:
- Operational Efficiency: Automated scheduling, billing, and documentation reduce administrative burden.
- Patient-Centered Care: Customized treatment plans and patient portals enhance engagement and outcomes.
- Regulatory Compliance: Secure data management supports HIPAA and global healthcare standards.
- Scalability: Cloud-based solutions support expansion and remote service delivery.
Regional Outlook
- North America: Largest regional market (USD 515.2 million in 2023; 39.89% share), supported by high musculoskeletal disorder prevalence and adoption of advanced digital solutions.
- Asia-Pacific: Fastest-growing region, projected at 13.19% CAGR, driven by aging populations and rising healthcare investments. According to the Asian Development Bank, individuals aged 60+ will account for 25.2% of the region’s population by 2050.
- Europe: Steady growth supported by digitization of healthcare services and rising adoption of telehealth-enabled physical therapy.
Competitive Landscape
The market is moderately fragmented, with leading players focusing on innovation, partnerships, and R&D investments. Key companies include WebPT, Clinicient, Inc., Athletico Physical Therapy, Netsmart Technologies, Inc., Net Health, PT Practice Pro, and Pioneer PT.
Notable developments include:
- Nov 2023: WebPT launched new Practice Experience Management solutions to transform practice data into actionable insights.
- Jun 2024: Sword Health introduced Phoenix, an AI-powered virtual therapy tool.
The full Kings Research report provides detailed segmentation by device type, deployment model, end user, and region, along with competitive benchmarking. To request a sample or access the complete report, please visit https://www.kingsresearch.com/physical-therapy-software-market-1072.
About Kings Research
Kings Research is a global provider of syndicated research reports and consulting services, helping organizations navigate emerging markets, assess opportunities, and make informed business decisions.
All market data are sourced from Kings Research proprietary analysis, validated against credible organizations including the Institute for Health Metrics and Evaluation (IHME), American Physical Therapy Association (APTA), United States Bone and Joint Initiative, Asian Development Bank, and World Economic Forum.