Emphasis on Type (Physical Therapy, Speech Therapy, Occupational Therapy, Cognitive Rehabilitation Therapy, Others); Age (Pediatric, Adult, Geriatric); Region/Country
The global outpatient rehabilitation centers market size is projected to witness a significant CAGR of 7% from 2022 to 2028 owing to the growing aging population paired with associated age-related diseases, increasing demand for residential care facilities among others. Rehabilitation refers to interventions designed to optimize functioning and reduce disability in individuals with health conditions in their interactions with their environment. It addresses the needs of a broad range of people across the lifespan. Rehabilitation is a fundamental component of health care, often needed to achieve and maintain the best outcomes for other health interventions such as surgery, trauma care and management of noncommunicable diseases. Furthermore, the aging population is increasing at a fast pace all over the world. According to the World Population Ageing Report by UN, there were 727 million persons aged 65 years or over in 2020 and is expected to reach over 1.5 billion by 2050. Muscle strength and physical labor capabilities weaken with the increasing age requiring physical and other therapies to keep body working. Thus, the market is expected to witness significant growth during the forecast period.
Some of the major players operating in the market include US Physical Therapy Inc., Upstream Rehabilitation Inc., Select Medical, Forrest Health, The Mount Sinai Health System, UAB Health System, Cambridge Medical & Rehabilitation Center, Universal Health Services Inc., Unity Health Toronto, and Baylor Scott & White Institute for Rehabilitation.
Insights Presented in the Report
“Amongst type, physical therapy category accounted for the major share in the global market in 2020”
On the basis of type, the market is segmented into physical therapy, speech therapy, occupational therapy, cognitive rehabilitation therapy, and others. In 2020, physical therapy accounted for the major share in the market. This is mainly due to the rising aging population, rising obesity levels, consumers seeking alternatives to opioids for pain management, and the cost savings and effectiveness of outpatient rehab. Physical therapy incorporates stretching, strengthening exercises, range-of-motion exercises and offers customizable treatment, limiting time away from work and family.
“Amongst age, adult age group is expected to witness higher growth rate during the forecast period”
Based on age, the outpatient rehabilitation centers market is divided into pediatric, adult, and geriatric. The adult segment dominated the market in 2020 and expected to retain its dominant position during the forecast period. Cultural shifts are leading the adult population globally to pursue more active lifestyles, supporting higher utilization of outpatient physical therapy services for recovery following an exercise-related or other injury. However, rising geriatric population coupled with increasing prevalence of knee arthritis among the old age population and increase the knee replacement surgeries will also drive the growth of geriatric segment during the forecast period.
“APAC to hold a significant share in the market”
In 2020, North America accounted for a significant market share. The rising growth of this market in the region is mainly due to the rising sports activities & injuries, spinal injuries, and the availability of a high number of outpatient rehabilitation clinics in the region. Furthermore, support with private and public reimbursement programs further boost adoption of outpatient therapies. Due to the proven efficacy and cost-effectiveness of physical therapy and other therapies, reimbursement rates are expected to remain stable relative to the overall health services landscape over the long term.
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Research Methodology for the Outpatient rehabilitation centers Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Outpatient rehabilitation centers market were the three major steps undertaken to create and analyze the adoption of a outpatient rehabilitation centers in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global outpatient rehabilitation centers market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Outpatient rehabilitation centers market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the outpatient rehabilitation centers market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type and age. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the outpatient rehabilitation centers market. Further, we conducted factor analysis using dependent and independent variables such as various type and age of outpatient rehabilitation centers. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Outpatient rehabilitation centers market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global outpatient rehabilitation centers market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Primary research input was consolidated with secondary findings, turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Outpatient rehabilitation centers market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and age in the global Outpatient rehabilitation centers market.
The main objective of the Global Outpatient rehabilitation centers Market Study
The current & future market trends of the global outpatient rehabilitation centers market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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