Global Rehabilitation Therapy Services Market to Grow by a CAGR of ~14% during 2022 – 2031
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global rehabilitation therapy services market is anticipated to attain a CAGR of ~14% over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of type into speech therapy, physical therapy, occupational therapy, respiratory therapy, cognitive behavioral therapy, and others. Out of these, the speech therapy segment is anticipated to hold the notable share over the forecast period owing to the rising prevalence of diseases that impact the speech ability, such as, dyslexia, dyspraxia, aphasia dysphagia, and others.
The global rehabilitation therapy services market is anticipated to grow on the back of rising prevalence of disabilities and diseases, along with increasing availability for favorable reimbursement policies for health-related expenses. Moreover, the growing concerns amongst the government authorities is also estimated to boost the market growth, as rehabilitation centers can help people lead a normal productive life, which is otherwise impossible. Along with this, the rising health awareness amongst people, and increased disposable income, are projected to fuel the market growth.
On the basis of geographical analysis, the global rehabilitation therapy services market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the notable market share throughout the forecast period owing to the large number of physiotherapy and rehab clinics in the region, backed by the higher healthcare expenditure in the region. Moreover, the growing awareness amongst the people is further anticipated to boost the regional market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Rising Healthcare Expenditure Globally to Boost the Market Growth
According to the statistics by the World Bank, 9.856% of the global GDP was spent on healthcare in 2018.
With the rise in prevalence of diseases, the global healthcare expenditure is also increasing constantly. Development of new ways to treat or cope with disabilities. Through rehabilitation centers, is estimated to boost the demand for rehabs in the upcoming years. Moreover, rising health expenditure also enables individuals across the globe to access better healthcare facilities, along with availability of reimbursement policies. Such factors are estimated to boost the market growth.
However, lack of awareness about rehabilitation therapy service is expected to operate as key restraint to the growth of global rehabilitation therapy services market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global rehabilitation therapy services market which includes company profiling of The Priory Group, Hunterdon Medical Center, Genesis Rehab Services, Upstream Rehabilitation, Inc., Athletico Physical Therapy, CORA Health Services, Inc., Smart Speech Therapy LLCInterim HealthCare Inc., and Prevea Health Services. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global rehabilitation therapy services market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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