Rehabilitation Therapy Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/27/2024
SIC Codes: 8049
NAICS Codes: 621340
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Rehabilitation Therapy Services Industry Profile

Companies in this industry provide physical therapy and other treatment and activities to help patients regain or improve mental or physical functionality following an injury or illness. Major companies include Select Medical, Select Rehabilitation, and US Physical Therapy (all based in the US).

Globally, there are about 700,000 physical therapists and about 600,000 occupational therapists, according to the World Confederation for Physical Therapy (WCPT) and the World Federation of Occupational Therapists (WFOT). Demand may be high in Asia Western Pacific and Africa where physiotherapists for every 10,000 people fall significantly below the average.

The rehabilitation therapy industry in the US consists of about 41,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $32 billion.


Demand is driven by demographics and medical advances that increase patient survival rates and prolong life. The aging of populations in global nations including the US is leading to increased demand for rehab services. The profitability of individual practices depends on efficient use of personnel. Large companies have some economies of scale in financial and administrative systems. Small companies compete by developing positive relationships with local health care providers and delivering superior customer service. The US industry is fragmented: the 50 largest firms account for about 30% of revenue.

Therapy practices compete with similar services provided by hospitals, physician offices, nursing homes, home health care services, chiropractors, and educational institutions that ...

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