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The Outpatient Rehabilitation Centers Market Size is valued at USD 89.9 Bn in 2023 and is predicted to reach USD 159.98 Bn by the year 2031 at a 7.70% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The market is anticipated to experience development due to the increasing technology implementation in outpatient rehabilitation centers.
- Increasing the prevalence of long-term health problems is expected to boost demand for intensive outpatient treatments.
- North America dominated the market and accounted for a revenue share of global revenue in 2023.
- The absence of knowledge and inadequate healthcare infrastructure has slowed the expansion of the outpatient rehabilitation services industry.
Outpatient Rehabilitation Centres are healthcare institutions that offer a variety of rehabilitation treatments to people who are recovering from accidents, surgeries, illnesses, or ailments that have an impact on their physical, mental, or cognitive performance. Rising sedentary lifestyle adoption and an ageing population are expected to drive industry expansion during the predicted period. Global rehabilitation demands are increasing in tandem with higher survival rates for those with serious medical conditions and disabilities. Motorization and rapid urbanization have very unfavourable consequences for persons who are injured or disabled, which is likely to raise demand for outpatient rehabilitation treatments.
However, due to safety concerns, lockdowns, and uncertainty about virus transmission, several outpatient rehabilitation centres temporarily closed or limited their services during the epidemic's early stages. Patients' post-surgical and post-injury rehabilitation programs were delayed because of the postponement of elective procedures and non-urgent medical appointments.
Competitive Landscape
Some major key players in the Outpatient Rehabilitation Centers Market:
- Select Medical Holdings
- AIM Health Group Inc.
- LHC Group, Inc.
- Trilogy Health Services, LLC.
- Craig Hospital
- Forrest Health
- The Mount Sinai Health System
- UAB Health System
- Nanz medico GmbH & Co. KG
- Beijing United Family Rehabilitation Hospital (BJURH)
- Cambridge Medical & Rehabilitation Center
- Lovelace Health System
- Kimshealth Trivandrum
- Unity Health Toronto
- Baylor Scott & White Institute for Rehabilitation
- Northern Colorado Rehabilitation Hospital (Ernest Health)
Market Segmentation:
The Outpatient Rehabilitation Centers Market is segmented on the basis of therapy type and age. Based on the segment therapy type, the market is segmented as Physical Therapy, Speech Therapy, Behavioral Therapy, Occupational Therapy, Drug/Alcohol Addiction Treatment, Neurological Therapy, Cognitive Rehabilitation Therapy, and Others. The age segment includes Infants and toddlers, Pediatrics, Adults, and the Elderly.
Based On Therapy Type, The Physical Therapy Segment Is Accounted As A Major Contributor In The Outpatient Rehabilitation Centers Market
The physical therapy category is expected to hold a major share of the global Outpatient Rehabilitation Centers Market in 2022. The rising number of people participating in fitness programs, as well as the increasing number of outdoor or athletic interests, is driving global demand for physical therapy. Physical therapy is most commonly used to treat lower back pain, spine, shoulder, and rotator cuff injuries, knee disorders, and various sprains and strains. Furthermore, commercial insurers and government health programs are increasingly turning to low-cost/high-quality outpatient providers in order to minimize overall patient expenses. The increased rates of substance abuse and drug/alcohol addiction are expected to drive demand for addiction therapy.
The Adult Segment Witnessed Growth At A Rapid Rate
The adult segment is likely to grow at a rapid rate in the global Outpatient Rehabilitation Centers Market. The high rate can be ascribed to the increased likelihood of acquiring acute back pain and other orthopaedic problems, as well as an increase in the number of unintentional injuries among them. According to World Health Organisation figures, falls caused more than 38 million impairment-adjusted Life Years (DALY), resulting in a larger number of years lived with impairment. During the predicted period, the geriatric category is expected to rise significantly.
In The Region, The North America Outpatient Rehabilitation Centers Market Holds A Significant Revenue Share
The North America Outpatient Rehabilitation Centers Market is expected to record the maximum market share in terms of revenue in the near future. This is due to an increase in the number of outpatient rehabilitation centres as well as favourable payment rules. Medicare Part B covers outpatient therapies such as occupational therapy, speech-language pathology, and physical therapy. Original Medicare covers around 80% of the Medicare-approved cost of outpatient therapy. During the projected period, the Asia Pacific region is expected to grow rapidly. This is due to the increasing occurrence of neurological illnesses associated with disability and the necessity for outpatient rehabilitation therapy to treat them.
Recent Developments:
- In Sept 2022, UMMS and LHC Group announced that they had a final agreement to establish a new joint venture partnership. This cooperation aims to offer improved in-home healthcare services across a significant area of Maryland.
Outpatient Rehabilitation Centers Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 89.9 Bn |
|
Revenue Forecast In 2031 |
USD 159.98 Bn |
|
Growth Rate CAGR |
CAGR of 7.70% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Therapy Type, Age |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Forrest Health; The Mount Sinai Health System; UAB Health System; Nanz medico GmbH & Co. KG; Beijing United Family Rehabilitation Hospital (BJURH); Cambridge Medical & Rehabilitation Center; Lovelace Health System; Kimshealth Trivandrum; Unity Health Toronto; Baylor Scott & White Institute for Rehabilitation; Northern Colorado Rehabilitation Hospital (Ernest Health); Select Medical Corporation, AIM Health Group Inc., LHC Group, Inc., Trilogy Health Services, LLC., Craig Hospital |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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