Base of support: Growing life expectancy rates and an elderly population will stimulate demand

Over the past five years, the Physical Therapists industry grew sharply in both private and public sectors, mainly as a result of increasing privatization and a growing elderly population. In addition, the population of people aged 65 and older represents the fastest-growing age group in Canada. An aging population combined with increasing average lifespan and improved hospital care services will drive demand for industry services. In the coming years, many healthcare providers will attempt to lower healthcare costs, thereby stimulating demand for physical therapy, particularly for services that help patients with high-cost conditions manage their care at inpatient centres, instead of more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Thanks to a rise in life expectancy rates and a growing elderly population, operators are expected to remain in constant demand
  • Many private health insurance providers have expanded their coverage of physiotherapy
  • Physiotherapy research will shape the industry’s ability to address more health ailments
  • Industry Report - Industry Investment Chapter

    The Physical Therapists industry in Canada is labour intensive. In 2018, for every dollar spent on labour, the industry allocates an estimated $0.05 to capital. Due to the personalized nature of industry services, which requires physical therapists to provide physical tests and assess the patient's flexibility and range of motion to provide a diagnosis, the industry is highly reliant on human capital. While some physical therapists have hired lesser skilled assistants, therefore cutting labour costs for the industry, these employees are still well-trained. The nature of industry services is such that the industry will likely always have a heavy reliance on labour. Comparatively, there is limited investment in capital, which consists of medical equipment. The...purchase to read more.

    Additional Insights for the Physical Therapists Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Physical Therapists Industry are

  • Development of a symbiotic relationship with another industry
  • Having a good reputation
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 65 and older and Total health expenditure in the Physical Therapists industry impact industry performance..

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    What's in this report

    What is the Physical Therapists Industry?

    This industry administers medically prescribed physical therapy treatments; plans and administers educational, recreational and social activities designed to help patients with disabilities regain physical or mental functioning or adapt to their disabilities; and diagnoses and treats speech, language or hearing problems.

    Industry Products
  • Musculoskeletal and integumentary systems
  • Neurological system
  • Cardiovascular and respiratory systems
  • Prevention, health promotion and wellness
  • Nonclinical
  • Industry Activities
  • Examining history and physical well-being of patients
  • Incorporating the results of laboratory and imaging studies
  • Providing manual therapy, education and techniques such as ultrasound and electrical stimulation
  • Establishing a management plan
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of adults aged 65 and older
  • Total health expenditure
  • National unemployment rate
  • Per capita disposable income

  • Current Performance
  • Provincial, territorial and federal landscape
  • Specialization
  • Chart: Revenue Growth

  • Industry Outlook
  • Expanding scope of care
  • Projected physical therapist shortage
  • Table: Physical Therapists Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Physical Therapists Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Primary Care Doctors in Canada
  • Hospitals in Canada
  • Nursing Care Facilities in Canada
  • Consumers in Canada

  • Key Selling Industries
  • Brand-Name Pharmaceutical Manufacturing in Canada
  • Diagnostic & Medical Laboratories in Canada
  • Generic Pharmaceutical Manufacturing in Canada
  • Medical Instrument & Supply Manufacturing in Canada

  • Products & Services
  • Other
  • Musculoskeletal and integumentary systems
  • Neurological system
  • Nonclinical
  • Cardiovascular and respiratory systems
  • Prevention, health promotion and wellness
  • Chart: Physical Therapists Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Professional practices and community health centres
  • Hospitals
  • Other
  • Chart: Major Market Segmentation for the Physical Therapists Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases, rent, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Physical Therapists

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Physical Therapists Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Physical Therapists Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Physical Therapists Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total health expenditure (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A term that refers to issues related to muscles and the skeleton.
  • Occupational Therapy
  • Therapy to help people participate in the things they want and need to do through the therapeutic use of everyday activities.
  • Orthopaedic Therapy
  • Therapy to manage and treat disorders and injuries of the musculoskeletal system.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Physical Therapists market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Physical Therapists:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Physical Therapists market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Physical Therapists, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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