The medical rehabilitation services market size is expected to see strong growth in the next few years. It will grow to $246.97 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The anticipated growth in the forecast period can be attributed to several factors, including a heightened focus on preventive care and early intervention, ongoing evolution of reimbursement models and healthcare reforms, augmented investment in research and development, expansion of healthcare infrastructure, and a growing emphasis on outpatient rehabilitation services. Key trends expected during this period encompass the adoption of telerehabilitation and remote monitoring technologies, advancements in rehabilitation technology such as robotics and wearable devices, and the utilization of virtual reality (VR) and augmented reality (AR) technologies to create immersive rehabilitation experiences.
The medical rehabilitation services market is poised for growth driven by the increasing prevalence of drug abuse, alcoholism, and depression. These conditions involve excessive and harmful substance consumption and persistent feelings of sadness or hopelessness, often necessitating specialized care and comprehensive treatment programs. The surge in instances of drug abuse, alcoholism, and depression is attributed to various factors including societal pressures, economic stressors, trauma, genetic predispositions, and inadequate access to mental health resources and support systems. Consequently, there is a heightened demand for medical rehabilitation services that offer tailored care, therapy, and counseling to address the specific needs of individuals grappling with substance abuse and mental health disorders. For example, the World Drug Report 2023 published by the United Nations Office on Drugs and Crime highlighted a significant increase in the number of individuals injecting drugs, underscoring the growing need for rehabilitation services.
Key players in the medical rehabilitation services market are leveraging advanced technologies, such as wearable devices, to enhance patient engagement and treatment outcomes. Wearable technologies monitor patient movements, track progress during therapy sessions, and offer interactive rehabilitation exercises or games, thereby fostering greater patient involvement in their recovery journey. For instance, Lusio Rehab introduced the LusioMATE rehabilitation device, which utilizes wearable technology and gamification techniques to make physical therapy more engaging. Through fun video games that incorporate therapeutic movements, patients are motivated to actively participate in their rehabilitation programs, ultimately leading to improved adherence and better outcomes across various conditions.
In September 2023, Enlyte Group LLC made strategic moves to bolster its clinical services and network offerings by acquiring Therapy Direct LLC from Upstream Rehabilitation. This acquisition underscores Enlyte's commitment to providing quality casualty solutions and services to meet the evolving needs of customers. Therapy Direct, a subsidiary of Upstream Rehabilitation Inc., specializes in delivering medical rehabilitation services, particularly physical therapy, thus enhancing Enlyte's capabilities in addressing the rehabilitation needs of patients.
Major companies operating in the medical rehabilitation services market are Charles River Laboratories, Icahn School of Medicine at Mount Sinai, SWORD Health, Kessler Institute for Rehabilitation, Athletico Physical Therapy, Shirley Ryan AbilityLab, Paradigm Healthcare, Koala Corp, MindMaze Healthcare, Prism Medical, Open Bionics, XRHealth, Soterix Medical, Walk With Path, Lifespan Physical Therapy Services, nMotion Physical Therapy, Flyte, Strados Labs, Pixium Vision, Neurofenix, Axomove, MicroTransponder, LightSpace Technologies, RefleXion Medical, Therapy Solutions Childrens Services Inc.
North America was the largest region in the medical rehabilitation services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical rehabilitation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the medical rehabilitation services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Medical rehabilitation services encompass a spectrum of therapies and interventions geared towards restoring physical, cognitive, and emotional well-being following illness, injury, or surgery. These services aim to optimize independence, enhance quality of life, and facilitate recovery through tailored treatment plans. They are individualized to meet specific needs and frequently involve collaboration among healthcare professionals from different disciplines.
The primary categories of medical rehabilitation services include outpatient and inpatient rehabilitation. Outpatient services cater to individuals who do not require overnight hospitalization and can receive treatment on an outpatient basis. These services encompass various therapies such as occupational therapy, speech and language therapy, physical therapy, cognitive therapy, among others. They find application in diverse areas including orthopedics, neurology, cardiology, pulmonary care, sports-related injuries, and more. End users of these services include hospitals, clinics, rehabilitation centers, homecare settings, and physiotherapy centers.
The medical rehabilitation services market research report is one of a series of new reports that provides medical rehabilitation services market statistics, including medical rehabilitation services industry global market size, regional shares, competitors with a medical rehabilitation services market share, detailed medical rehabilitation services market segments, market trends and opportunities, and any further data you may need to thrive in the medical rehabilitation services industry. This medical rehabilitation services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The medical rehabilitation services market includes revenues earned by entities by providing services such as home health rehabilitation services, community-based rehabilitation services, neurological rehabilitation, cardiac rehabilitation, pain management, and orthopedic rehabilitation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Medical Rehabilitation Services Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on medical rehabilitation services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for medical rehabilitation services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The medical rehabilitation services market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Service: Outpatient Rehabilitation Services; Inpatient Rehabilitation Services2) By Therapy: Occupational Therapy; Speech And Language Therapy; Physical Therapy; Cognitive Therapy; Other Therapies.
3) By Application: Orthopedic; Neurological; Cardiologic; Pulmonary; Sports Related Injuries; Other Applications.
4) By End-use: Hospitals And Clinics; Rehab Centers; Homecare Settings; Physiotherapy Centers
Key Companies Mentioned: Charles River Laboratories; Icahn School of Medicine at Mount Sinai; SWORD Health; Kessler Institute for Rehabilitation; Athletico Physical Therapy
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Charles River Laboratories
- Icahn School of Medicine at Mount Sinai
- SWORD Health
- Kessler Institute for Rehabilitation
- Athletico Physical Therapy
- Shirley Ryan AbilityLab
- Paradigm Healthcare
- Koala Corp
- MindMaze Healthcare
- Prism Medical
- Open Bionics
- XRHealth
- Soterix Medical
- Walk With Path
- Lifespan Physical Therapy Services
- nMotion Physical Therapy
- Flyte
- Strados Labs
- Pixium Vision
- Neurofenix
- Axomove
- MicroTransponder
- LightSpace Technologies
- RefleXion Medical
- Therapy Solutions Childrens Services Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | May 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 185.97 Billion |
Forecasted Market Value ( USD | $ 246.97 Billion |
Compound Annual Growth Rate | 7.3% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |