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Physical Therapy Software Market Size, Share & Trends Analysis Report By Interface (Desktop & Laptop, Mobile & Tablet), By Deployment (Server-based, Cloud-based), By End-use, By Region, And Segment Forecasts, 2024 - 2030
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Physical Therapy Software Market Growth & Trends:
The global physical therapy software market size is expected to reach USD 2.52 billion by 2030, registering a CAGR of 11.0% during the forecast period, according to a new report by Grand View Research, Inc. Advancement in health IT technologies, growing investments in healthcare sector, integration of practice management with other health IT solution are the factors expected to drive the market growth. Furthermore, benefits associated with physical therapy software such as generating less paperwork, reducing billing errors, and other benefits supports in market growth.
As physical therapists have expanded into more diverse and autonomous practice locations, they are required to make more operative and efficient clinical decisions. Making sound clinical conclusions needs the right information at the right time and in the right format. Hence, physical therapy software expected to cater such market demand, in turn, promotes the market growth.
Since the emergence of COVID-19, every industry has grappled with how to do business and deliver services to their constituents, clients, and patients. Consistent with an American Physical Therapy Association (APTA) report from August 2020, nearly half of the clinic owners shut their doors at some point in the initial months of the pandemic. A large majority of clinic owners informed revenue losses. Physical therapists and their assistants faced reduced hours and income as they navigated an exclusively new way of providing services: telehealth visits.
Effective standardization of the functions and correct data management became even more important to the successful delivery of care across populations. Thus, the healthcare organizations are investing in a software solution to tackle the challenges of managing repetitive tasks, follow-ups, and become compliant with the healthcare guidelines, thus, expected to drive the market growth.
From the computers growth that better track patient medical records to handheld devices that stimulate healing at the cellular level, technology has constantly evolved to better assist individuals- the patients. And nowadays, technology can better aid therapy practice. In the physical therapy world, new advancements in technology are taking place. In February 2021; Alliance Physical Therapy partners introduced Outpatient Therapy EMR Software. Agile EMR can bring together, all the essential elements of compliance, documentation, billing, and care, coordinating into one complete platform.
Physical Therapy Software Market Report Highlights:
- Mobile & Tablet segment was the largest revenue-generating segment of the Physical Therapy Software market in 2023. These devices are quickly outpacing the usage of desktops and laptops. Besides, the usage of tablets and mobiles is on the rise in hospitals and clinics as well
- Cloud-Based segment is estimated to account for the largest market share and witnessed lucrative growth due to the growing adoption and rising popularity of the cloud-based healthcare services
- On the end-use, hospitals segment held the largest market share during the forecast period. Hospitals are the prime point-of-care for all kinds of health problems, owing to which the segment is anticipated to hold the largest share in the global market
- North America accounted for the major revenue share in 2023 owing to greater awareness levels and improved healthcare infrastructure are one of the largest industrial verticals in the U.S. This further propels the market growth of this region
- The market is highly competitive in nature as major players are focusing on the product innovation, new product developments, distribution agreements, and expansion strategies to improve their market penetration
- In January 2022, WebPT acquired Clinicient and its subsidiary Keet. The acquisition offers further scale and industry expertise to WebPT. Such factors are likely to maintain the intensity of rivalry in the market at a high level.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Interface
- 1.2.2. Deployment
- 1.2.3. End Use
- 1.2.4. Regional scope
- 1.2.5. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.4.5.1. Data for primary interviews in North America
- 1.4.5.2. Data for primary interviews in Europe
- 1.4.5.3. Data for primary interviews in Asia Pacific
- 1.4.5.4. Data for primary interviews in Latin America
- 1.4.5.5. Data for Primary interviews in MEA
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.7.3. Volume price analysis (Model 2)
- 1.7.4. Approach 2: Volume price analysis
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Interface and Deployment outlook
- 2.2.2. End use outlook
- 2.2.3. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Physical Therapy Software Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. Rising investments in the healthcare sector
- 3.2.1.2. Integration of practice management
- 3.2.1.3. Advancements in technology
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. Cost of implementation
- 3.2.2.2. Data Security Concerns
- 3.3. Physical Therapy Software Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
- 3.3.3. Pipeline Analysis
Chapter 4. Physical Therapy Software Market: Interface Estimates & Trend Analysis
- 4.1. Global Physical Therapy Software Market: Interface Dashboard
- 4.2. Global Physical Therapy Software Market: Interface Movement Analysis
- 4.3. Global Physical Therapy Software Market by Interface, Revenue
- 4.4. Desktop & Laptop
- 4.4.1. Desktop & laptop market estimates and forecasts 2018 - 2030 (USD Million)
- 4.5. Mobile & Tablet
- 4.5.1. Mobile & tablet market estimates and forecasts 2018 - 2030 (USD Million)
Chapter 5. Physical Therapy Software Market: Deployment Estimates & Trend Analysis
- 5.1. Global Physical Therapy Software Market: Deployment Dashboard
- 5.2. Global Physical Therapy Software Market: Deployment Movement Analysis
- 5.3. Global Physical Therapy Software Market Estimates and Forecasts, By Deployment, Revenue (USD Million)
- 5.4. Cloud-based
- 5.4.1. Cloud-based market estimates and forecasts 2018 - 2030 (USD Million)
- 5.5. Server-based
- 5.5.1. Server-based market estimates and forecasts 2018 - 2030 (USD Million)
Chapter 6. Physical Therapy Software Market: End Use Estimates & Trend Analysis
- 6.1. Global Physical Therapy Software Market: End Use Dashboard
- 6.2. Global Physical Therapy Software Market: End Use Movement Analysis
- 6.3. Global Physical Therapy Software Market Estimates and Forecasts, by End Use, Revenue (USD Million)
- 6.4. Hospitals
- 6.4.1. Hospitals market estimates and forecasts 2018 - 2030 (USD Million)
- 6.5. Clinics
- 6.5.1. Clinics market estimates and forecasts 2018 - 2030 (USD Million)
- 6.6. Others
- 6.6.1. Others market estimates and forecasts 2018 - 2030 (USD Million)
Chapter 7. Physical Therapy Software Market: Regional Estimates & Trend Analysis by Interface, Deployment, and End Use
- 7.1. Regional Dashboard
- 7.2. Market Size, & Forecasts Trend Analysis, 2018 - 2030:
- 7.3. North America
- 7.3.1. U.S.
- 7.3.1.1. Key country dynamics
- 7.3.1.2. Regulatory framework/ reimbursement structure
- 7.3.1.3. Competitive scenario
- 7.3.1.4. U.S. market estimates and forecasts 2018 - 2030 (USD Million)
- 7.3.2. Canada
- 7.3.2.1. Key country dynamics
- 7.3.2.2. Regulatory framework/ reimbursement structure
- 7.3.2.3. Competitive scenario
- 7.3.2.4. Canada market estimates and forecasts 2018 - 2030 (USD Million)
- 7.3.3. Mexico
- 7.3.3.1. Key country dynamics
- 7.3.3.2. Regulatory framework/ reimbursement structure
- 7.3.3.3. Competitive scenario
- 7.3.3.4. Mexico market estimates and forecasts 2018 - 2030 (USD Million)
- 7.4. Europe
- 7.4.1. UK
- 7.4.1.1. Key country dynamics
- 7.4.1.2. Regulatory framework/ reimbursement structure
- 7.4.1.3. Competitive scenario
- 7.4.1.4. UK market estimates and forecasts 2018 - 2030 (USD Million)
- 7.4.2. Germany
- 7.4.2.1. Key country dynamics
- 7.4.2.2. Regulatory framework/ reimbursement structure
- 7.4.2.3. Competitive scenario
- 7.4.2.4. Germany market estimates and forecasts 2018 - 2030 (USD Million)
- 7.4.3. France
- 7.4.3.1. Key country dynamics
- 7.4.3.2. Regulatory framework/ reimbursement structure
- 7.4.3.3. Competitive scenario
- 7.4.3.4. France market estimates and forecasts 2018 - 2030 (USD Million)
- 7.4.4. Italy
- 7.4.4.1. Key country dynamics
- 7.4.4.2. Regulatory framework/ reimbursement structure
- 7.4.4.3. Competitive scenario
- 7.4.4.4. Italy market estimates and forecasts 2018 - 2030 (USD Million)
- 7.4.5. Spain
- 7.4.5.1. Key country dynamics
- 7.4.5.2. Regulatory framework/ reimbursement structure
- 7.4.5.3. Competitive scenario
- 7.4.5.4. Spain market estimates and forecasts 2018 - 2030 (USD Million)
- 7.4.6. Norway
- 7.4.6.1. Key country dynamics
- 7.4.6.2. Regulatory framework/ reimbursement structure
- 7.4.6.3. Competitive scenario
- 7.4.6.4. Norway market estimates and forecasts 2018 - 2030 (USD Million)
- 7.4.7. Sweden
- 7.4.7.1. Key country dynamics
- 7.4.7.2. Regulatory framework/ reimbursement structure
- 7.4.7.3. Competitive scenario
- 7.4.7.4. Sweden market estimates and forecasts 2018 - 2030 (USD Million)
- 7.4.8. Denmark
- 7.4.8.1. Key country dynamics
- 7.4.8.2. Regulatory framework/ reimbursement structure
- 7.4.8.3. Competitive scenario
- 7.4.8.4. Denmark market estimates and forecasts 2018 - 2030 (USD Million)
- 7.5. Asia Pacific
- 7.5.1. Japan
- 7.5.1.1. Key country dynamics
- 7.5.1.2. Regulatory framework/ reimbursement structure
- 7.5.1.3. Competitive scenario
- 7.5.1.4. Japan market estimates and forecasts 2018 - 2030 (USD Million)
- 7.5.2. China
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Regulatory framework/ reimbursement structure
- 7.5.2.3. Competitive scenario
- 7.5.2.4. China market estimates and forecasts 2018 - 2030 (USD Million)
- 7.5.3. India
- 7.5.3.1. Key country dynamics
- 7.5.3.2. Regulatory framework/ reimbursement structure
- 7.5.3.3. Competitive scenario
- 7.5.3.4. India market estimates and forecasts 2018 - 2030 (USD Million)
- 7.5.4. Australia
- 7.5.4.1. Key country dynamics
- 7.5.4.2. Regulatory framework/ reimbursement structure
- 7.5.4.3. Competitive scenario
- 7.5.4.4. Australia market estimates and forecasts 2018 - 2030 (USD Million)
- 7.5.5. South Korea
- 7.5.5.1. Key country dynamics
- 7.5.5.2. Regulatory framework/ reimbursement structure
- 7.5.5.3. Competitive scenario
- 7.5.5.4. South Korea market estimates and forecasts 2018 - 2030 (USD Million)
- 7.5.6. Thailand
- 7.5.6.1. Key country dynamics
- 7.5.6.2. Regulatory framework/ reimbursement structure
- 7.5.6.3. Competitive scenario
- 7.5.6.4. Thailand market estimates and forecasts 2018 - 2030 (USD Million)
- 7.6. Latin America
- 7.6.1. Brazil
- 7.6.1.1. Key country dynamics
- 7.6.1.2. Regulatory framework/ reimbursement structure
- 7.6.1.3. Competitive scenario
- 7.6.1.4. Brazil market estimates and forecasts 2018 - 2030 (USD Million)
- 7.6.2. Argentina
- 7.6.2.1. Key country dynamics
- 7.6.2.2. Regulatory framework/ reimbursement structure
- 7.6.2.3. Competitive scenario
- 7.6.2.4. Argentina market estimates and forecasts 2018 - 2030 (USD Million)
- 7.7. MEA
- 7.7.1. South Africa
- 7.7.1.1. Key country dynamics
- 7.7.1.2. Regulatory framework/ reimbursement structure
- 7.7.1.3. Competitive scenario
- 7.7.1.4. South Africa market estimates and forecasts 2018 - 2030 (USD Million)
- 7.7.2. Saudi Arabia
- 7.7.2.1. Key country dynamics
- 7.7.2.2. Regulatory framework/ reimbursement structure
- 7.7.2.3. Competitive scenario
- 7.7.2.4. Saudi Arabia market estimates and forecasts 2018 - 2030 (USD Million)
- 7.7.3. UAE
- 7.7.3.1. Key country dynamics
- 7.7.3.2. Regulatory framework/ reimbursement structure
- 7.7.3.3. Competitive scenario
- 7.7.3.4. UAE market estimates and forecasts 2018 - 2030 (USD Million)
- 7.7.4. Kuwait
- 7.7.4.1. Key country dynamics
- 7.7.4.2. Regulatory framework/ reimbursement structure
- 7.7.4.3. Competitive scenario
- 7.7.4.4. Kuwait market estimates and forecasts 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company/Competition Categorization
- 8.2. Vendor Landscape
- 8.2.1. List of key distributors and channel partners
- 8.2.2. Key customers
- 8.2.3. Key company market share analysis, 2023
- 8.2.4. Practice Fusion, Inc.
- 8.2.4.1. Company overview
- 8.2.4.2. Financial performance
- 8.2.4.3. Product benchmarking
- 8.2.4.4. Strategic initiatives
- 8.2.5. WebPT
- 8.2.5.1. Company overview
- 8.2.5.2. Financial performance
- 8.2.5.3. Product benchmarking
- 8.2.5.4. Strategic initiatives
- 8.2.6. Systems 4PT
- 8.2.6.1. Company overview
- 8.2.6.2. Financial performance
- 8.2.6.3. Product benchmarking
- 8.2.6.4. Strategic initiatives
- 8.2.7. Axxess
- 8.2.7.1. Company overview
- 8.2.7.2. Financial performance
- 8.2.7.3. Product benchmarking
- 8.2.7.4. Strategic initiatives
- 8.2.8. DrChrono Inc. (EverHealth Solutions Inc.)
- 8.2.8.1. Company overview
- 8.2.8.2. Financial performance
- 8.2.8.3. Product benchmarking
- 8.2.8.4. Strategic initiatives
- 8.2.9. Power Diary Pty Ltd.
- 8.2.9.1. Company overview
- 8.2.9.2. Financial performance
- 8.2.9.3. Product benchmarking
- 8.2.9.4. Strategic initiatives
- 8.2.10. BioEx Systems, Inc.
- 8.2.10.1. Company overview
- 8.2.10.2. Financial performance
- 8.2.10.3. Product benchmarking
- 8.2.10.4. Strategic initiatives
- 8.2.11. Meditab
- 8.2.11.1. Company overview
- 8.2.11.2. Financial performance
- 8.2.11.3. Product benchmarking
- 8.2.11.4. Strategic initiatives
- 8.2.12. OptimisCorp
- 8.2.12.1. Company overview
- 8.2.12.2. Financial performance
- 8.2.12.3. Product benchmarking
- 8.2.12.4. Strategic initiatives
- 8.2.13. MICA Information Systems, Inc.
- 8.2.13.1. Company overview
- 8.2.13.2. Financial performance
- 8.2.13.3. Product benchmarking
- 8.2.13.4. Strategic initiatives
- 8.2.14. Oracle
- 8.2.14.1. Company overview
- 8.2.14.2. Financial performance
- 8.2.14.3. Product benchmarking
- 8.2.14.4. Strategic initiatives
- 8.2.15. Kareo, Inc.
- 8.2.15.1. Company overview
- 8.2.15.2. Financial performance
- 8.2.15.3. Product benchmarking
- 8.2.15.4. Strategic initiatives
- 8.2.16. NXGN Management, LLC
- 8.2.16.1. Company overview
- 8.2.16.2. Financial performance
- 8.2.16.3. Product benchmarking
- 8.2.16.4. Strategic initiatives
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