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Physical Therapists in Canada Industry Market Research Report Now Available from IBISWorld

October 9, 2013

An aging population and recovered consumer confidence will aid industry growth. For this reason, industry research firm IBISWorld has added a report on the Physical Therapists in Canada industry to its growing industry report collection.

Los Angeles, CA (PRWEB) October 08, 2013

Over the past five years, the Physical Therapists in Canada industry has fared well, as more people are accepting the benefits of physiotherapy to overall health. The growing population of baby boomers has benefited industry growth. According to IBISWorld Industry Analyst Anna Son, "Older adults are more likely to require industry services as a result of injuries and illnesses due to greater physical vulnerability; for example, the elderly are more likely to break bones in falls." The aging population and a budding appreciation for physiotherapy have supported revenue growth. Over the past five years, IBISWorld estimates that industry revenue has grown at an average annual rate of 4.1% to $1.3 billion, including a 6.1% jump in 2013.

The Physical Therapy industry's landscape has undergone some major shifts in the past three decades. Government budget cuts in the mid-80s resulted in rapid growth of private practice, which was underpinned by favourable coverage for physiotherapy services by private health insurance plans. However, at the beginning of the century, increased government spending on health contributed to more evenly distributed growth between the private and public sectors, and this trend is expected to continue in the future. Today, physical therapists are achieving higher levels of education, and many professionals hold master's degrees. This trend, coupled with escalating demand for physiotherapy services from the aging population and rising specialization, has caused wages to increase at a rapid rate over the past five-year period.

The industry is projected to remain in good health over the next five years, with revenue expected to increase. "Rising consumer confidence along with economic recovery and the aging population will underpin industry growth," says Son. Geriatric care (i.e. care for seniors), in particular, is expected to grow considerably as the Canadian population ages and more people see the benefits of physiotherapy as both a treatment and preventive measure. However, in light of mounting demand, the industry is likely to experience the pain of physical shortages over the next five years. The shortage of practitioners will be worsened by the aging of physical therapists who will retire over the next few decades.

For more information, visit Physical Therapists in Canada industry report page.

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IBISWorld industry Report Key Topics

This Physical Therapy in Canada industry administers medically prescribed physical therapy treatment; planning and administering educational, recreational and social activities designed to help patients with disabilities regain physical or mental functioning or to adapt to their disabilities; and diagnosing and treating speech, language or hearing problems.

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

Globalization & Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data

Annual Change

Key Ratios

About IBISWorld Inc.

Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

For the original version on PRWeb visit: http://www.prweb.com/releases/2013/10/prweb11203055.htm


Source: prweb



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