The US Occupational & Physical Therapy Services Market size was USD 47.50 billion in 2021. The market is expected to expand from USD 50.26 billion in 2022 to USD 72.70 billion by 2029, exhibiting a CAGR of 5.4% during the forecast period. The surge can be credited to the escalating number of sports injuries and the increasing prevalence of chronic diseases in the country.

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Report Coverage:

The report provides a comprehensive coverage of the major aspects that are poised to propel the business landscape in the country. It further gives a detailed account of the significant steps taken by major market participants for the consolidation of their industry position. These insights have been furnished after extensive research and analysis of the key trends favoring industry expansion.

Drivers and Restraints:

Market Share to Rise Due to Soaring Demand for Rehabilitation Services

One of the major factors propelling the US Occupational & Physical Therapy Services Market growth is the increasing prevalence of chronic diseases. Additional factors favoring industry expansion comprise the soaring demand for rehabilitation services, including PT and OT services.

However, the industry growth could be hampered by the high claim denials related with physical and associated therapies. The significant reasons for claim denial include eligibility issues, failure to establish medical necessity, and misuse of modifier codes.

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Segments:

Outpatient Clinics Segment to Record Notable Rise Due to Increasing Industrial Accidents

On the basis of setting, the market is fragmented into outpatient clinics, hospitals, and others. Of these, the outpatient clinics segment is expected to record appreciable growth throughout the forecast period. This is driven by the surging demand for occupational & physical therapy services, rising number of industrial accidents, and the growing number of outpatient clinics.

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