Demand for bodily remedy providers is rising, for a number of causes: an growing older American inhabitants, rising weight problems ranges, customers searching for options to opioids for ache administration, and the price financial savings and effectiveness of outpatient rehab.
This can be a fragmented however rising $34 billion per 12 months trade of small bodily remedy clinics, and some massive chains. All through the pandemic, bodily remedy providers have been handled as important by federal, state, and native steering, though many bodily therapists proactively stopped nonessential in-person care. Bodily remedy clinics that stayed open throughout the early levels of the pandemic had fewer customers strolling by way of their doorways. Clinics pivoted to telehealth/video visits, however affected person volumes remained low in 2020.
Listed here are some issues to learn about this healthcare sector:
- Bodily remedy market measurement: Marketdata estimates that the U.S. bodily and occupational remedy trade was price $34.2 billion in 2021, up 12.6% from 2020. Revenues dipped 16% to $30.4 billion throughout the pandemic in 2020. The market is forecast to develop at a 6.2% common annual tempo, to $43 billion by 2025.
- Variety of bodily remedy clinics: There are an estimated 42,300 clinics offering bodily remedy, occupational remedy, speech remedy and audiology. Common annual receipts per clinic are $855,000, with a internet revenue margin of 14%.
- Variety of clinicians: The trade employs 417,000 employees, and the common bodily therapist earns $91,000/12 months. Two-thirds of bodily therapists are feminine.
- Pivot to digital care: Video-based care was being supplied by simply 2% of bodily therapists previous to the pandemic, however one 12 months later almost half had been offering some type of telehealth.
- Market share: This trade has been consolidating for years, but personal apply stays very fragmented. The 50 largest corporations—two public operators and personal equity-backed operations—captured simply 29 % of the trade’s market share. The potential for “roll-ups” is excessive.
- Giant bodily remedy chains: 4 rivals, massive chains: Choose Medical, ATI Bodily Remedy, U.S. Bodily Remedy, and Athletico Bodily Remedy, had mixed revenues of $3 billion in 2021.
The place to Be taught Extra
To search out out extra concerning the bodily remedy trade, remember to take a look at a brand new report by Marketdata titled U.S. Bodily Remedy Clinics: An Trade Evaluation.
This 86-page report gives key data on the next:
- Nature & construction of the trade
- Market measurement, progress and forecasts
- Buyer demographics
- Trade financial working ratios
- Competitor profiles
When you want arduous information and present insights to information your enterprise methods, remember to take a look at Marketdata’s complete report on the U.S. bodily remedy trade.
In regards to the Writer: John LaRosa is the President of Marketdata LLC and is the creator of 100+ trade and market research. His analysis seems in high media retailers together with ABC, NEWS Reporter, Fox, Forbes, USA In the present day, The Wall Avenue Journal, The New York Instances, and a wide range of commerce journals.
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