Medical Rehabilitation Services Market Size, Share, Competitive Landscape and Trend Analysis Report by Services, by Therapy, by End User : Global Opportunity Analysis and Industry Forecast, 2023-2032

Medical Rehabilitation Services Market Research, 2032

The global medical rehabilitation services market was valued at $167.8 billion in 2022, and is projected to reach $305.7 billion by 2032, growing at a CAGR of 6.2% from 2023 to 2032. Medical rehabilitation services is a process used to assist people to regain their physical, mental, and cognitive abilities lost due to any type of injury or trauma. The medical rehabilitation also helps to quit tobacco, alcoholism, and drugs addiction. The Medical Rehabilitation Market includes various types of therapies such as physical therapy, occupational therapy, and speech therapy. The rehabilitation helps individuals to return to work and also reduces the dependency of person on caregivers.

Market Dynamics

The Medical Rehabilitation Market are majorly driven by rise in prevalence of chronic diseases such as rheumatoid arthritis, Parkinson’s disease and chronic obstructive pulmonary disease (COPD). For instance, according to the report of the Parkinson's Foundation published in 2022, around 90,000 people are diagnosed with Parkinson’s disease in the U.S. each year. Moreover, the rise in the number of patients suffering from chronic diseases who can be benefited from rehabilitation therapy is expected to boosrt the Medical Rehabilitation Services Market Growth.

In addition, key players are adopting various strategies such as use of advanced equipment, individual-centric patient counseling, the introduction of virtual reality (VR), and telerehabilitation services to increase patient complies rate and drives the growth of Medical Rehabilitation Services Market Size.

The demand for Medical Rehabilitation Services Industry is not only limited to developed countries but is also being witnessed in developing countries, such as China, Brazil, and India, which fuels the growth of the market. Factors such as a rise in hospital admissions, an increase in the number of surgeries, and a surge in awareness toward the advantages of medical rehabilitation services drive the growth of the Medical Rehabilitation Market Size.

Furthermore, an increase in the incidences of drug abuse, addiction, and alcoholism drives the growth of Medical Rehabilitation Market Size. In addition, growing government initiatives to control drug abuse and addiction cases are expected to fuel the growth of the Medical Rehabilitation Industry.

However, the high cost of medical rehabilitation and low adoption rate is hampering the growth of Medical Rehabilitation Services Market Size.

Segmental Overview

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. Based on therapy, the market is classified into physical therapy, occupational therapy, speech therapy, and others. Depending on the end user, it is classified into hospitals, homecare, 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).

By Services

On the basis of the services, the market is classified into outpatient rehabilitation services and inpatient rehabilitation services. The inpatient rehabilitation services segment dominated the global Medical Rehabilitation Services Market Sharein 2022 and is expected to remain dominant throughout the forecast period owing to increase in the incidences of drug abuse and surge in the geriatric population is anticipated to boost the demand for medical rehabilitation services. This is attributed to the fact that aged individuals are highly susceptible to chronic diseases.

By Therapy

Based on therapy, the market is classified into physical therapy, occupational therapy, speech therapy, and others. The physical therapy segment dominated the global market in 2022 and is expected to remain dominant throughout the forecast period owing to an increase in the prevalence of chronic diseases and a rise in demand for medical rehabilitation services among the patient population.

By End User

By end user, the market is divided into hospitals, homecare, and others. The hospitals segment dominated the global market in 2022 and is anticipated to continue this trend during the forecast period. This is attributed to an increase in the adoption of medical rehabilitation services in hospitals. Moreover, improvements in the healthcare infrastructure drive the growth of market.

By Region

By region, the medical rehabilitation services market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2022, North America was the dominant region and is expected to continue this trend throughout the Medical Rehabilitation Services Market Forecast period owing to the high prevalence of chronic disorders such as rheumatoid arthritis, Parkinson’s disease, and COPD, the strong presence of key players, and the well-established healthcare infrastructure available in the region. However, Asia-Pacific is expected to witness the highest CAGR during the analysis period, owing to the presence of high populace countries such as India and China, which, in turn, increases the prevalence of chronic disorders and the growing number of strategies and trends adopted by the market players.

Key Benefits For Stakeholders

• This 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 Opportunity.
• 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.

  Medical Rehabilitation Services Market Report Highlights

Aspects	Details
Market Size By 2032	USD 305.7 billion
Growth Rate	CAGR of 6.2%
Forecast period	2022 - 2032
Report Pages	230
By Services	Outpatient Rehabilitation Services Inpatient Rehabilitation Services
By Therapy	Physical Therapy Occupational Therapy Speech Therapy Others
By End User	Hospitals Homecare Others
By Region	North 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	Athletico Physical Therapy, Lifespan PT, MindMaze, Suvitas, Prism Medical, Therapy Solutions for Kids, Shirley Ryan Abilitylab, The University of Chicago Medical Center, nMotion Physical Therapy, Paradigm Healthcare

Analyst Review

This section provides opinions of the top-level CXOs in the medical rehabilitation services market. In accordance with several interviews conducted, medical rehabilitation services are gaining high traction due alarming increase in drug abuse cases, and growth in the geriatric population. Furthermore, increase in prevalence of chronic diseases such as rheumatoid arthritis, Alzheimer’s disease and chronic obstructive pulmonary disease (COPD) contributes to the growth of market. Moreover, growing awareness for advantages of rehabilitation services, government initiatives for the improvement in the healthcare facilities, and advancements in the medical rehabilitation services such as telerehabilitation and integration of virtual reality (VR) platform drive the growth of market.

The CXOs further added that Asia-Pacific serve as the potential market for medical rehabilitation services owing the increase in the healthcare expenditure, advancements in medical rehabilitation services, rise in incidences of surgeries, and increase in government support for spread awareness about the benefits of medical rehabilitation services. However, high cost of rehabilitation services may hampers the growth of the market.

Author Name(s) : Prathmesh Bhasme | Roshan Deshmukh

Related Tags

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• Neurology

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