U.S. Physical Therapy Clinics 2022: An Industry Analysis

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Apr 19, 2022, 10:30 ET

DUBLIN, April 19, 2022 /PRNewswire/ -- The "U.S. Physical Therapy Clinics: An Industry Analysis" report from Marketdata LLC has been added to ResearchAndMarkets.com's offering.

This analysis by Marketdata examines the $34 billion outpatient physical and occupational therapy centers industry. Speech therapy and audiologists are also included.

The physical therapy business is highly fragmented, with the 50 largest competitors capturing only 29% of the revenues, which makes it ripe for consolidation.

While there are a few national companies, the industry consists predominantly of small to medium regional providers with annual revenue of slightly over $1 million.

This industry is experiencing increased M&A activity from both strategic suitors and private equity investors.

Physical therapists work in hospitals, private practices, outpatient clinics, people's homes, schools, sports and fitness facilities, work settings, and nursing homes.

This new study by Marketdata examines the nature of the industry, national receipts/growth from 2007 to 2025 forecast, effects of the Covid-19 pandemic on 2020-2021 operations and revenues, customer and therapist demographics, key industry trends, industry structure and extensive operating ratios (national and state Census data for establishments and firms), industry regulation, top companies market share, consolidation and roll-up potential, insurance/Medicare reimbursement trends, and more.

In-depth Competitor Profiles provided for:

U.S. Physical Therapy, ATI Physical Therapy, Select Medical, Athletico Physical Therapy (Incl. Pivot Physical Therapy), CORA Health Services, Professional Physical Therapy and PT Solutions.

Key Topics Covered:

Report Scope and Methodology

Sources and methodology used for the report, report scope

Nature & Structure of the Industry

Definition and number of physical therapists, occupational therapists, speech therapists, and audiologists and what they do, who they work for and where.
Demographic profile of physical therapists.
Major industry trends and issues: diversification, technology changes, consolidation and the potential for roll-ups, increased patient engagement tools, merit-based incentives
Industry structure: key metrics: no. of facilities, receipts, annual payroll, no. of employees, avg. receipts per facility - 2002, 2007, 2012, 2017
Main operating models used by physical therapy centers
Major findings of Harris Williams & Company report (Physical Therapy Market Overview, September 2021)
Factors affecting demand for physical therapy (aging population, obesity, economic rationale)
Operations: sources of revenue, typical patient volumes, revenues per patient visit, physical therapist salaries, facility profit margins, payor mix, etc.
Reimbursement situation under Medicare, fee caps, Bipartisan Budget Act of 2018
Occupational therapist overview, typical earnings, job outlook
Audiologists profession overview, typical earnings, job outlook, major statistics on hearing loss

Market Size, Growth, Forecasts

Estimates of $ industry size and growth published by other research firms (Harris Williams Co. Health Value Group)
Size / Receipts of Physical Therapy Services from 2007-2019, official government Census 5-year survey data and annual County Business Patterns data
Marketdata estimates & forecasts of receipts for 2020, 2021, 2022, 2025 F, weighted avg. sales declines & gains for three large PT chains/companies in 2020, 2021
Discussion & analysis of the effects of Covid-19 pandemic on operations and sales, findings of American Physical Therapy Assn. August 2020 report: Impact of Covid-19 on The Physical Therapy Profession, and May 2021 report (revenue losses, patient volumes, telehealth use).
Discussion of major factors affecting industry growth: reimbursement, demand, aging of population, obesity, supply of therapists, etc.

Customer Demographics

Discussion and statistics related to population aging trends
Discussion and statistics related to sports injuries
Discussion and statistics related to back pain
Discussion and statistics related to workplace injuries
Discussion and statistics related to obesity trends

Industry Economic Operating Ratios

Summary of key industry metrics, NAICS code for the industry, what it includes
Industry snapshot: 2002, 2007, 2012, 2017: key ratios (payroll, no. estabs., receipts, Avg. receipts per estab.)
Annual % change in receipts: 2007-2019

Competitor Profiles

Description and history of company, no. of clinics operated, address, specialties, acquisitions, services, financial data when available

Companies Mentioned

Athletico Physical Therapy
ATI Physical Therapy
CORA Health Services
Pivot Physical Therapy
Professional Physical Therapy
PT Solutions
Select Medical
U.S. Physical Therapy

For more information about this report visit https://www.researchandmarkets.com/r/z62b3v

Source: Marketdata LLC

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