Medical Rehabilitation Services Market By Services (Outpatient Rehabilitation Services, Inpatient Rehabilitation Services), By Therapy (Physical Therapy, Occupational Therapy, Speech Therapy, Others), By End User (Hospitals, Homecare, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The Medical Rehabilitation Services Market was valued for $167,817.47 million in 2022 and is estimated to reach $305,687.10 million by 2032, exhibiting a CAGR of 6.2% from 2023 to 2032.
The process of supporting individuals in their recovery from a disease, accident, or addiction is known as rehabilitation. It often involves therapies and treatments for the person's physical, mental, and emotional needs in order to help them restore their physical and psychological health.
The growth of the medical rehabilitation services market is driven by surge in incidence of drug abuse, increase in availability & affordability of healthcare treatment, and rise in awareness about rehabilitation. For instance, according to report of the National Center for Drug Abuse Statistics (NCDAS), among Americans aged 12 years and older, 37.309 million were current illegal drug users. From the same source, 28.3 million Americans have an alcohol use disorder, and 57.3 million people use tobacco or nicotine products. The people with addictions such alcohol use disorder (AUD) and nicotine can benefit with the medical rehabilitation programs.
Moreover, large number of medical rehabilitation centers are increasingly focusing on developing reach to the target population to fulfill unmet demand of medical rehabilitation services, which is expected to notably contribute toward the market growth. Prominent players in the global medical rehabilitation services market have adopted various strategies such as telerehabilitation, and home based rehabilitation to strengthen their position in the market and sustain the competitive environment.
Moreover, alarming increase in prevalence of arthritis, technological advancements in medical rehabilitation services, and rise in the demand for physical rehabilitation are some of the key factors driving the growth of the market. Furthermore, the rise in geriatric population and growing obesity in people notably contribute toward the growing medical rehabilitation market. However, the high cost of rehabilitation services and lack of awareness regarding medical rehabilitation hamper market growth. Conversely, increased adoption of medical rehabilitation services among the geriatric population is expected to provide lucrative opportunities for the growth of the market in the near future. In addition, extensive adoption of virtual reality (VR) in the field of medical rehabilitation services along with significant improvement in medical infrastructure are anticipated to open new avenues for the expansion of the market during the forecast period.
The global medical rehabilitation services market is segmented into services, therapy, end user, and region. On the basis of services, the market is bifurcated into classified as outpatient rehabilitation services and inpatient rehabilitation services. The therapy segment classified into physical therapy, occupational therapy, speech and language therapy, and others.
Depending on end user, it is classified into hospitals, rehab centers, and others. Region wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major companies profiled in the report include Athletico Physical Therapy, Lifespan PT, MindMaze Healthcare, nMotion Physical Therapy, Paradigm Healthcare, Prism Medical, Shirley Ryan AbilityLab, SuVitas, The University of Chicago Medical Center and Therapy Solutions for Kids.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the medical rehabilitation services market analysis from 2022 to 2032 to identify the prevailing medical rehabilitation services market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the medical rehabilitation services market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global medical rehabilitation services market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy ServicesOutpatient Rehabilitation Services
Inpatient Rehabilitation Services
By TherapyPhysical Therapy
Occupational Therapy
Speech Therapy
Others
By End UserHospitals
Homecare
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
MindMaze
The University of Chicago Medical Center
Prism Medical
Shirley Ryan Abilitylab
Suvitas
Athletico Physical Therapy
nMotion Physical Therapy
Lifespan PT
Paradigm Healthcare
Therapy Solutions for Kids
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