The Market is Ready for PT Genie
The global digital health market is currently over $86b and is expected to surpass $504b by 2025 according to Global Market Insights, Inc. The US physical therapy market is over $37b covering 128,871 businesses, according to IBISWorld.
With the COVID-19 crisis changing the landscape of healthcare, the concern for disease control has pressed the consideration of remote solutions for physical therapy. This market force combined with the following demographic and economic factors produce a prodigious opportunity for PT Genie:
- The growing number of individuals aged 50 and older requiring physical rehabilitation to improve mobility, relieve pain and prevent or limit physical disabilities
- The federal government’s requirement for hospitals to lower their readmission rate to receive Medicare reimbursements
- The need for patient connectivity remotely