Global Rehabilitation Therapy Services Market is expected to foresee significant growth. North America leads the growth!

Global rehabilitation therapy services market is expected to register a CAGR of approx. 7% over the period of 2022-2028. Rehabilitation is defined as a range of actions taken to improve an individual’s functioning in relation to their environment in order to lessen a variety of disabilities. Various carefully curated programs, such as in-patient rehabilitation and outpatient rehabilitation, are available as rehabilitation therapy services. Rehabilitation therapy services can help people avoid surgery and heal from a variety of conditions. Rehabilitation therapy centers are in high demand because they can benefit both individuals and society. The growing demand for rehabilitation therapy services can be attributed to the Increase in the number of drugs and alcohol addicts across the globe. For instance, according to WHO, almost 21 million Americans have at least 1 addiction, yet only 10% of them receive treatment and more than 90% of people who have an addiction started to drink alcohol or use drugs before they were 18 years old. Owing to the glaring statistics, the rising drug and alcohol addiction by the young generation is increasing the demand for rehabilitation therapy services and is anticipated to grow in the forthcoming years mainly. Moreover, increasing government initiatives to improve the access to rehabilitation services are fueling the demand for the rehabilitation therapy services market. Furthermore, the rising prevalence of chronic diseases and proper reimbursement for rehabilitation services is expected to drive the market for rehabilitation therapy services market in the coming years.

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Based on the therapy, the rehabilitation therapy services market is segmented into occupational therapy, speech and language therapy, physical therapy, cognitive therapy, and others. The physical therapy segment accounted for a significant market share, and it is estimated that it will grow rapidly during the projected timeframe. The use of physical therapy for a variety of ailments, including cardiovascular, musculoskeletal, neurologic, sports injuries, burns, and wound care, is a significant factor that has contributed to the market’s expansion.

Based on the service, the market is fragmented into outpatient rehabilitation services and inpatient rehabilitation services. The outpatient rehabilitation services segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Disability rates are rising as a result of increased rates of burn injuries, cerebral palsy, and child developmental disorders. During the forecast period, these factors are expected to drive the segment. Furthermore, the availability of advanced equipment at the facilities is expected to increase patient adoption of outpatient services

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For a better understanding of the market adoption of rehabilitation therapy services, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the rehabilitation therapy services industry owing to increased adoption of advanced products, increased per capita healthcare expenditure, increased penetration of retail stores, and the presence of strong healthcare infrastructure, which has significantly driven the market growth in the region. Moreover, the rising geriatric population in the U.S., the availability of rehabilitation services in-home care and outpatient facility and favorable reimbursement policies are some of the key factors that favored the growth of the market in the region. For instance, according to the US Census Bureau, more than 20% of the US population will be over the age of 65 years by 2029.

Some of the major players operating in the market include Shirley Ryan AbilityLab, Prism Medical, Paradigm Healthcare, The University of Chicago Medical Center, Therapy Solutions Inc, Genesis Rehab Services, Smart Speech Therapy LLC, Banner Health, Spectrum Physio, CORA Health Services Inc.

Global Rehabilitation Therapy Services Market Segmentation

Market Insight, by Therapy

• Occupational Therapy
• Speech and Language Therapy
• Physical Therapy
• Cognitive Therapy
• Others

Market Insight, by Service

• Outpatient Rehabilitation Services
• Inpatient Rehabilitation Services

Market Insight, by Application

• Orthopedic
• Neurological
• Cardiologic
• Pulmonary
• Sports-Related Injuries
• Others

Market Insight, by End-Users

• Hospitals and Clinics
• Rehab Centers
• Homecare Settings
• Physiotherapy Centers

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Australia
  • Japan
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• Shirley Ryan AbilityLab
• Prism Medical
• Paradigm Healthcare
• The University of Chicago Medical Center
• Therapy Solutions Inc
• Genesis Rehab Services
• Smart Speech Therapy LLC
• Banner Health
• Spectrum Physio
• CORA Health Services Inc