The physical therapy software market size is estimated to be USD 1,099.8 million in 2022 and is expected to witness a CAGR of 10.58% during the forecast period 2023-2033. Technology advancements, increasing investments in the healthcare industry, practise management integration with other health IT systems, and advantages connected with physical therapy software are some of the factors contributing to the market growth. Furthermore, rising initiatives by government and private entities and surge in adoption of apps by physical therapists are other factors supporting However, lack of skilled workforce is expected to hinder the growth.

Rising initiatives by government and private entities is expected to fuel the market growth during the projected period. For instance, the national EHR infrastructure in Germany, which started in July 2021, was encouraged to include physiotherapists. Any costs incurred as a result of the switch to EHRs will be reimbursed. The government and private entities are launching a number of measures to improve healthcare facilities, which are anticipated to stimulate the market.

Surge in adoption of apps by physical therapists is predicted to propel the market growth during the projected period. With the use of apps, virtual reality, and other technologies, physical therapists successfully combine treatments, demonstrating their new abilities and giving patients new options. Outpatient Therapy EMR Software was introduced by Alliance Physical Therapy Partners in February 2021. Compliance, documentation, billing, and care coordination can all be integrated into a single platform using agile EMR.

Segmentation

By Interface

The market is categorized into mobile & tablet and desktop & laptop. In 2022, the mobile & tablet segment accounted for the highest revenue share due to the fact that software in a mobile health app streamlines all the processes in a hospital to improve the patient satisfaction. Many healthcare institutions are already employing a specially built mobile app for themselves on the market. Desktop and laptop usage are gradually being overtaken by mobile device usage. Additionally, hospitals and clinics are increasingly using tablets and smartphones. The availability of a portable device for medical professionals to use during consultations and home visits promotes market expansion. One or more employees of a medical office with access to a single computer are advised to use the desktop and laptop segment of management software at a single place. These days, cloud and mobile additions to this management software solution have changed this method by providing the flexibility of remote capability through mobile devices. IMS for Physical Therapy from 1st Provider’s Choice can be used on laptops, desktop computers, Android and Windows tablets, iPads, iPhones, and other mobile devices.

By Deployment Mode

The market is categorized into cloud-based and server-based. In the global market, the cloud-based segment accounted for the largest revenue share in 2022 owing to expanding acceptance and increasing popularity of cloud-based healthcare services. The key element driving their popularity is probably the fact that cloud-based systems are more affordable to implement than server-based systems and this software eliminates the need for internal maintenance. Additionally, cloud deployment offers more flexibility, which in turn stimulates market expansion. For instance, Bellarmine University helps students use Web PT’s cloud-based software to gain practical EMR experience. On-site storage is available at the practise for server-based solutions. With their inherent drawbacks, which include high procurement costs and high ongoing maintenance costs, which include yearly software updates and network upkeep, these systems are still widely used.

By End User

The market is divided into hospitals, clinics, and others. In 2022, the hospitals segment accounted for the largest revenue share owing to the fact that numerous hospitals have made investments in the adoption of cutting-edge technologies. The market will profit from a growth in physical therapy activities such as more patient exercises, movement-based activities, low impact aerobic conditioning, and greater knowledge of therapies across different geographies over the projection period. As a result, many companies are working hard to promote their products or services at hospitals from a financial and marketing perspective. The category is predicted to hold the highest market share globally due to the fact that hospitals are the primary location for treating all types of health issues. The others segment is predicted to expand the fastest during the forecast period. Sports and fitness facilities, nursing homes, home health care providers, and rehabilitation facilities are all included in the segment.

Regional Markets

In 2022, North America region accounted for the highest revenue in the physical therapy software market and is expected to maintain its dominance during the forecast period. This is attributed to its increasing awareness and developed healthcare infrastructure. Additionally, the market expansion in this region is driven by higher adoption of cutting-edge technology and increasing investments in the healthcare sector. The healthcare industry is also one of the biggest industrial verticals in the United States. This further stimulates this region’s market growth. The existence of well-established market participants and the actions taken by them further promote regional development, which in turn supports market expansion. The Asia Pacific market is anticipated to grow at the fastest rate due to its expanding healthcare infrastructure. Services for physical therapy and rehabilitation go beyond providing medicines for extreme circumstances. Regional demand is also fueled by the region’s ageing population. For instance, iFour Techno Lab Pvt. Ltd. provides +Physio, a thorough and reliable physical therapy software. Gujarat, India is the company’s home base.

Competitor Insights

Some of the key players operating in the physical therapy software market are Kareo, Inc., Practice Fusion, Inc., WebPT, Power Diary Pty Ltd., Axxess, DrChrono Inc., Meditab, BioEx Systems, OptimisCorp, Systems 4PT, MICA Information Systems, Inc., Cerner (Oracle), and NXGN Management, LLC.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

• For instance, WebPT acquired Clinicient and its subsidiary Keet in January 2022. The deal includes WebPT greater industry knowledge and scale.
• Similar to this, WRS Health announced in May 2021 that it was extending its reach by making Physical Therapy-Cloud available. An EHR named Physical Therapy-Cloud enables physical therapists to increase the productivity and efficiency of their processes.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including interface, deployment mode, and end user from 2023 to 2033.

Report Scope:

Segmentation: Physical Therapy Software Market Report 2022 – 2033

Interface (Revenue, USD Million), 2022 – 2033

• Mobile & Tablet
• Desktop & Laptop

Deployment Mode (Revenue, USD Million), 2022 – 2033

• Cloud-based
• Server-based

End user (Revenue, USD Million), 2022 – 2033

• Hospitals
• Clinics
• Others

By Region (Revenue, USD Million), 2022 – 2033

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA