According to the research report titled ‘Global Occupational And Physical Therapy Services Market Size study, by Setting (Hospitals, Outpatient Clinics, Others), by Application (Orthopaedic Physical Therapy, Geriatric Physical Therapy, Neurological Physical Therapy, Cardiopulmonary and Pulmonary Physical therapy, Other), by Payor (Public Health Insurance, Private Health Insurance/Out-of-pocket) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global occupational and physical therapy services market is projected to witness substantial growth through 2022-2028, observing more than 15.8% CAGR during the analysis timeframe.

The rising prevalence of chronic diseases and the increasing number of relevant therapists are some of the major factors driving the growth of global occupational and physical therapy services market.

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For the uninitiated, physical therapy (PT) and occupational therapy (OT) are types of rehabilitative treatments. Mobility, strength, and range of motion are all objectives of physical therapy while rehabilitation after an injury, helping elders experience physical and cognitive changes, and aiding children with impairments to participate fully in school and social situations are all examples of occupational therapy approaches.

However, the market is expected to experience slower growth due to a shortage of physical therapy facilities in emerging economies over the forecast timeline.

In terms of setting, the market is divided into outpatient clinics, hospitals, and others. Based on the application spectrum, the global occupational and physical therapy services industry is categorized into cardiopulmonary and pulmonary physical therapy, neurological physical therapy, geriatric physical therapy, orthopedic physical therapy, and others.

By payor type, the market is segmented into private health insurance or out-of-pocket and public health insurance.

The geographical bifurcation of this business space extends to Asia-Pacific, North America, Europe, as well as Latin America with key emphasis on the U.S., Canada, U.K., Germany, France, Italy, Spain, India, China, Japan, South Korea, Australia, Brazil, and Mexico, and the rest of the world.

North America occupational and physical therapy services industry is expected to generate commendable returns through the forecast timeline, owing to availability of an advanced medical infrastructure, technological developments and the growing incidence of mental disorders.

Asia Pacific market, on the other hand, is anticipated to be the fastest-growing region in the forthcoming years, ascribed to the rising government expenses in the healthcare sector.

The major companies operating in global occupational and physical therapy services industry landscape are Select Medical, PT Solutions, ATI Physical Therapy, Encompass Health Corporation, U.S. Physical Therapy, Upstream Rehabilitation Inc., Athletico Physical Therapy, and Kindred Healthcare LLC