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U.S. Physical Therapy Clinics Market Analysis 2025: $53 Billion Industry Primed for Consolidation - M&A Activity Surges in Fragmented Therapy Sector

1. U.S. Physical Therapy's industry faces consolidation due to fragmentation and growth potential. 2. Stable reimbursement environment boosts the industry's forecast for moderate growth. 3. M&A activity from private equity could affect competitive landscapes significantly. 4. Aging population and opioid alternatives drive increasing demand for physical therapy. 5. Reports detail competitive dynamics and future industry trends till 2030.

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FAQ

Why Bullish?

The industry shows strong growth drivers and consolidation potential, which typically favor stock performance. Examples from other fragmented industries suggested that consolidation often leads to improved financial metrics and stock valuation.

How important is it?

The article discusses industry trends that are directly applicable to USPH's market positioning and growth potential. Increased M&A activity could lead to favorable valuations and operational efficiencies for USPH.

Why Long Term?

The trends identified are expected to unfold over the coming years, particularly as demographic shifts solidify demand. Companies integrating and optimizing practices will benefit gradually as the market adapts.

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Dublin, May 02, 2025 (GLOBE NEWSWIRE) -- The "U.S. Physical Therapy Clinics: An Industry Analysis" report from Marketdata LLC has been added to ResearchAndMarkets.com's offering. This analysis examines the $53 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. Moderate growth is forecast, with positive growth drivers including a stable reimbursement environment, outpatient efficiencies, an alternative to opioid therapy, and strong demand related to client aging. While there are a few national companies, the industry consists predominantly of small to medium regional providers with annual revenue of $871,000. 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 examines industry characteristics, national receipts/growth from 2007 to 2030 forecast, effects of the COVID-19 pandemic on 2020-2021 operations and revenues, recovery in 2022-2024, 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 status, and more. Findings of multiple industry surveys provided (APTA, Harris Williams, Webpt, AMB Wealth, etc.) 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. Results of public and private companies. Key Topics Covered Report Scope and Methodology Sources and methodology used for the report, report scope. Characteristics & 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 (age, gender, top paying states/salaries)Major industry trends and issues: diversification, technology changes, consolidation and the potential for roll-ups, increased patient engagement tools, merit-based incentivesIndustry structure: key metrics: no. of facilities, receipts, annual payroll, no. of employees, avg. receipts per facility - 2002, 2007, 2012, 2017, 2022Main operating models used by physical therapy centersMajor findings of Harris Williams & Company report (Physical Therapy Market Overview)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, marketing, etc.Reimbursement situation under Medicare, fee caps, Bipartisan Budget Act of 2018, Physical Therapy Qualifications Under MedicareOccupational therapist overview, typical earnings, job outlookAudiologists profession overview, typical earnings, job outlook, major statistics on hearing loss Tables Sample Profit & Loss Statement for an Average Physical Therapy Center: 2024Physical Therapy Industry Snapshot: , 2022, 2017, 2012, 2007, 2002U.S. Physical Therapy company Gross Profit margins: 2007-2023Number of Medicare Non-institutional Providers: 2013-2019 Market Size, Growth, Forecasts Estimates of $ industry size and growth: Census Bureau, other research firms (Harris Williams Co., Health Value Group)Size / Receipts of U.S. Physical Therapy Services from 2007-2022, official government Census 5-year survey data and annual County Business Patterns dataThe analysis and estimates of industry receipts and performance for: 2020, 2021, 2022-2023 (Select Medical, ATI results), 2024, sales performance of the largest PT chainsDiscussion & 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).2025 & 2030 Forecasts, rationale, factors affecting demand, future growth drivers.Discussion of major factors affecting industry growth: reimbursement, demand, aging of population, obesity, supply of therapists, etc.Findings of Webpt report: "The State of Rehab Therapy - 2024" Tables $ Size of the U.S. Physical Therapy Market: 2007-2030 F, no. of clinics, receiptsAnnual Growth Rate of the U.S. Physical Therapy Market: 2007-2025Forecast Size of the U.S. Physical Therapy Market: 2025, 2030Sales Performance of the Leaders: 2022-2024Industry growth forecasts by other research firms Customer Demographics Discussion and statistics related to population aging trendsDiscussion and statistics related to sports injuriesDiscussion and statistics related to back painDiscussion and statistics related to workplace injuriesDiscussion and statistics related to obesity trends Tables Prevalence of obesity in the U.S., by state and region: 2000-2021 Industry Economic Operating Ratios Summary of key industry metrics, NAICS Census code for the industry, what it includesIndustry snapshot: 2002, 2007, 2012, 2017, 2022: key ratios (payroll, no. of estabs.,receipts, average receipts per PT clinic, no of employees)Annual % change in receipts: 2007-2022 Tables Labor Productivity Ratios: 2007-2022Receipts, by Type of Patient Care: 2019Legal form of organization -corporations, sole proprietorships, partnerships: no. of employees) - 2012, 2017, 2022Single vs. multi-unit operations, by size (statistics as above) - 2012, 2017Concentration Ratios: ratios for top 4, 8, 20, 50 largest firms - 2012, 2017, 2022Receipts size of establishments (under $10,000 to $10+ mill.) - 2012, 2017Receipts size of firms (under $100,000 to $100+ mill.) - 2012, 2017Ratios, by Employment Size of Establishments: 2019No. of establishments, receipts & avg. receipts per establishment, by state: 2016No. of establishments, receipts & avg. receipts per establishment, by state - 2022Receipts & Establishments for States With the Largest Number of Estabs: 2022 Competitor Profiles (description and history of company, no. of clinics operated, address, specialties, acquisitions, services, financial data 2021-2024 when available) U.S. Physical Therapy (public co. - detailed financials incl.)ATI Physical Therapy (public co. - detailed financials incl.)Select Medical (detailed financials)Athletico Physical Therapy (incl. Pivot Physical Therapy)PT SolutionsCORA Health ServicesProfessional Physical Therapy Table Number of Clinics Operated by the Leaders: 2022-2024 Reference Directory List of physical therapy national/regional trade associations, journals, consulting firms, reports, articles, other key contacts - address & phones, description of activities. Companies Featured Athletico Physical TherapyATI Physical TherapyCORA Health ServicesPivot Physical TherapyProfessional Physical TherapyPT SolutionsSelect MedicalU.S. Physical Therapy For more information about this report visit https://www.researchandmarkets.com/r/ghym0z About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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