The Canadian Physiotherapy Service market size stood at USD XX billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.
In 2019, there were 25,294 physiotherapists in Canada, up 2.6% from 2018. For every 100,000 Canadians, there are 68 physiotherapists. Expanding geriatric population in Canada, higher prevalence, and incidences of orthopedic disorders, growing women’s healthcare concern, and rise in the awareness among people regarding the advantages of physiotherapy are the prime growth drivers of the Canadian physiotherapy services market. However, higher cost and maintenance of physiotherapy equipment, shortage of skilled physiotherapists, and increasing popularity of other services such as acupuncture are the key restraints for the Canadian physiotherapy services market.
Market Growth Drivers
In Canada, market drivers contributing majorly to the growth of the physiotherapy market are the rising geriatric population, private health insurance- physiotherapy services, Increasing inclination for active lifestyles, Increasing prevalence of cardiovascular and neurological diseases. Canada’s population will continue to age, further assisting industry revenue growth. Physiotherapists are expected to increasingly move into specializations, including geriatric services and sports therapy. Specializing in certain fields will allow practitioners to differentiate themselves from the rest of the price-competitive industry, enabling them to charge higher prices and contribute to revenue growth. Technological advancements and innovations by major companies are also expected to increase the demand for physiotherapy equipment.