Sorry for late reply, Actually to know proper treatment for labral tear... It's better to have mri where v can understand the amount and pattern of tear.... Answers to ur questions r.. 1.Yes labral tear can b repaired. V do it nowadays by arthroscopic surgery.. 2.Physiotherapy will help u releive ur pain but not repair the tear. 3.Rest again will releive ur pain but not repair the tear... So rest and physiotherapy may reduce ur pain( depends upon MRI report) but may not allow u activities ur talking about in long term. So my advice is, it's been 2 year ur still in problem,so do MRI and if essential go for surgery.