Clinical Rehabilitation Service Market Size, Share, Growth, and Industry Growth, By Type (Physical Therapy, Occupational Therapy, Speech and Language Therapy, and Cognitive Behavioral Therapy), By Application (Disabled, the Old, and Patient with Chronic Disease), Regional Forecast To 2031

Updated On: 08 April 2024

CLINICAL REHABILITATION SERVICE MARKET REPORT OVERVIEW 

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The global clinical rehabilitation service market size was USD 177890 million in 2021 and the market is projected to touch USD 317078 million by 2031, with a growing CAGR of 5.9% during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with clinical rehabilitation service experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

A unique type of healthcare, medical rehabilitation aids patients in regaining their mental, physical, and cognitive capacities. Rehabilitation services assist clients in getting back to their daily routines. Speech and language therapy, occupational therapy, physical therapy, and cognitive therapy are just a few of the several types of treatments offered by these agencies. For a person to conduct daily moves, their mental and physical health must be restored. Occupational therapy addresses various issues, including declined upper body strength, impaired fine motor skills, cognitive impairments, reduced coordination, impaired performance, and safety concerns in self-care and society reintegration.

The focus of today's treatment programs for those who are just starting to struggle with alcohol or drug addiction is outpatient programs. The market for medical rehabilitation services is expanding because they are less expensive, include daily brief sessions, and are more accessible to support networks. Rehabilitation services offer patients helpful techniques based on their requirements and problems, such as neurological diseases, recovering from injuries sustained in auto accidents, and heart attacks.

COVID-19 Impact:  Rising Health Concerns among Population Boosted Service Growth

The market experienced an increase in service demand due to the public's increased concern for their health during the COVID-19 outbreak. The number of operations and surgeries performed worldwide increased due to the expanding concern for health and life. The pandemic increased the cases of depression, followed by isolation and lockdown. These elements boosted the service demand and contributed to the market's expansion favorably. Self-isolation resulted in a higher number of depression cases which increased the clinical rehabilitation service demand and boosted the clinical rehabilitation service market growth.

LATEST TRENDS

"Rising Geriatric Population to Boost Market Growth"

Globally expanding geriatric populations and the incidence of chronic diseases are expected to drive up the medical rehabilitation service market growth. The market's major payers are also concentrating on introducing fresh, successful patient programs, which is boosting the market for medical rehabilitation services. Additionally, the market expansion for medical rehabilitation services is anticipated to be fueled by unhealthy lifestyles and a growing attraction among young people.

CLINICAL REHABILITATION SERVICE MARKET SEGMENTATION 

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•      By Type Analysis

By type, the market is segmented into physical therapy, occupational therapy, speech and language therapy, and cognitive behavioral therapy. 

• By Application Analysis

Based on application, the market is classified into disabled, the old, and patients with chronic disease. 

DRIVING FACTORS

"Rising Cases of Alcoholism to Increase the Demand for Rehabilitation Centers"

Clinical rehabilitation service demand is estimated to increase due to rising cases of alcoholism, drug abuse, and depression. The constant rise in the number of chronic diseases and expanding incidences of disabilities is also forecasted to aid growth. In recent years, the number of individuals battling drug or alcohol addiction has dramatically increased. Additionally, the world is noticing a startling increase in the number of young people living unhealthy lives. The need for outpatient rehabilitation services is thus growing globally. As a result of rising demand, the global market for rehabilitation therapy services is offering providers significant prospects.

"Escalating Incidences of Depression among Youngsters to Propel Market Growth"

"Rehabilitative services" in medical aid patients in regaining their mental, physical, and cognitive abilities. Patients who receive rehabilitation therapy can go back to their normal routines. The youngsters are experiencing anxiety and depression due to educational or career pressure.  The clinical rehabilitation service focuses on a variety of problems, including decreased impaired fine motor skills, upper body strength, decreased coordination, cognitive impairments, safety concerns, and degraded performance in self-care and community reintegration. Based on their specific symptoms, neurological state, and progress in recovering from the trauma produced by a car accident, patients can receive beneficial practices as part of rehabilitation treatments.

RESTRAINING FACTORS

"Lack of Awareness of Service to Impede the Market Growth"

Low awareness among the general public regarding the presence of clinical rehabilitation centers is expected to retard market growth. Additionally, the complexity of clinical rehabilitation service coupled with the shortage of physical therapy facilities in developing countries is anticipated to impede the clinical rehabilitation service market growth. 

CLINICAL REHABILITATION SERVICE MARKET REGIONAL INSIGHTS

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"North America to Lead Market By Virtue of Rising Demand for Rehab Centers"

North America is anticipated to hold a dominant part of the clinical rehabilitation service market share owing to the rising demand for rehab services in the healthcare sector. The region is estimated to hold 39% of the total market share and dominate the global market.

Europe is likely to hold 23% of the clinical rehabilitation service market share due to the strong economic growth coupled with the technological advancements in the healthcare industry.

Asia Pacific is forecasted to witness significant growth in the market by virtue of the rising geriatric population and an increasing number of rehab centers in the market.

KEY INDUSTRY PLAYERS

"Key Players Focusing on Developing Innovative Rehabilitation Centers"

Businesses are working on developing new practices and tricks to overcome depression among youngsters. Companies also use innovative practices and exercises to help patients overcome depression. Companies are focused on acquisitions and investments to increase sales. The rehabilitation centers raising the number of centers to better serve patients. The marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher clinical rehabilitation service market share by launching new products.

List of Market Players Profiled

• Select Medical (U.S.)
• Shirley Ryan AbilityLab (U.S.)
• ATI Holdings (U.S.)
• U.S. Physical Therapy (U.S.)
• UI Health (U.S.)
• Royal Buckinghamshire Hospital (U.K.)
• BG Hospital Hamburg (Germany)
• China Rehabilitation Research Center (China)
• Harajuku Rehabilitation Hospital (Japan)
• AthletiCo (U.S.)

REPORT COVERAGE

An overview of the product is provided along with the product description. Numerous industry elements are included in the research.

• The pandemic's aftereffects and the subsequent lockdown.
• The market's most recent trend is currently fueling expansion.
• The factors are most likely to stimulate market growth.
• The reasons the market is expected to grow more slowly.
• A comprehensive regional analysis of the market is conducted.
• Significant players and their business offices are also covered in the article.