The occupational therapy market is poised for strong growth in the coming years, driven by technological innovation and evolving healthcare demands, according to a report by The Business Research Company.
The sector, increasingly focused on personalised care and mental well-being, is projected to reach a valuation of US$6.97bn by 2029, expanding at a compound annual growth rate (CAGR) of 5.9%.
Key factors supporting this growth include the integration of telehealth services, rising cases of developmental disorders, and a shift toward client-centred care practices. Additionally, increased emphasis on workplace mental health, evidence-based therapy methods, and technological advancements in rehabilitation are expected to contribute to market expansion.
The ageing population is also driving demand for geriatric occupational therapy, alongside a focus on paediatric care, workplace ergonomics, and wellness programmes.
Key companies to look out for
The market features a diverse range of prominent players, including Abbott Laboratories, STERIS Corporation, Johns Hopkins Medicine International, Midmark Corporation, Ergotron Inc., Performance Health Holdings, WebPT Inc., and Net Health Systems.
Other notable companies include Rifton Equipment, BioSensics, Divine Physiotherapy Equipments, and Total Therapy Inc., the latter of which was acquired by US behavioural health technology firm Rethink Autism in January 2022 to expand its service offerings for developmental disabilities.
Emerging trends in the sector include the adoption of artificial intelligence (AI) in rehabilitation. AI-powered solutions are improving therapy outcomes by providing interactive, real-time feedback to patients.
For instance, Portugal-based Sword Health launched its Phoenix platform in June 2024, a virtual physical therapy system that adjusts exercises based on patient progress and monitors safety, while compiling performance data for clinicians.
The occupational therapy market is segmented by product type, disease category, and application area. Product types include cloud-based solutions, such as teletherapy platforms and virtual rehabilitation systems, and on-premises solutions like physical therapy equipment and on-site patient management systems.
Applications range from psychological and physical disorders to hospital settings and other healthcare environments.
With technological integration and a growing focus on personalised care, the occupational therapy market is set to play an increasingly vital role in supporting patient recovery, workplace wellness, and broader healthcare initiatives globally.
