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Medical Rehabilitation Services Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Medical Rehabilitation Services Market: Type (Occupational Therapy, Physical Therapy, Speech Therapy, Cognitive Rehabilitation, and Others); Treatment Type (Inpatient and Outpatient); Therapeutic Area (Orthopedic, Neurological, Cardiac, Sports Related Injuries, and Others); Service Provider (Hospital, Clinic, Rehabilitation Center, Physiotherapy Center, and Others); and Region—Industry Dynamics, Market Size, Opportunity and Forecast for 2023–2031

  • Published Date: 20-Feb-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0223369
    Delivery: 2 to 4 Hours

REPORT SCOPE

Report AttributeDetails
Market Size Value in 2022US$ 297.6 Million
Expected Revenue in 2031US$ 558.7 Million
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
CAGR7.4% (2023-2031)
Segments coveredBy Type, By Treatment Type, By Therapeutic Area, By Service Provider, By Region
Key Companies                                                                                 AbilityLab, Athletico Physical Therapy, Lifespan Health System, Med Center Health, nMotion Physical Therapy, Paradigm Healthcare, Performance Rehabilitation Institute of Sports Medicine, SuVitas, The Royal Buckinghamshire Hospital, U.S. Physical Therapy, Inc., Other Prominent Players
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FREQUENTLY ASKED QUESTIONS

Rehabilitation services are medical care for patients with various functional and other disorders affecting their daily activities. These services help to improve abilities that are need for daily life. These abilities may be physical, mental, and/or cognitive (thinking and learning).

The global medical rehabilitation services market is estimated to reach a valuation of US$ 558.6 Mn by 2031.

The global medical rehabilitation services market is studied from 2018-2031. 

The different segmentations covered in the market are type, treatment type, therapeutic area and service provider.

Growing awareness regarding rehabilitation services and technological advancements in wearable devices are some of the key opportunities for the market.

North America held approximately 50% of the market in 2022.

Cognitive Rehabilitation service type is expected to grow with a leading CAGR of 8.3% in the market. 

Factors such as rising incidence of chronic diseases and increasing government initiatives medical wellbeing of patients especially disabled patients are likely to drive the market.

High cost of rehabilitation services & lack of insurance coverage are key restraining factors which are restraining the growth of the market.

Based on therapeutic area, Orthopedic segment has the highest CAGR of 8.3% .

Based on end user, the market is segmented into hospital, clinic, rehabilitation center, physiotherapy center, and others.

The market is highly fragmented in nature with numerous small-scale players operating in the market. However, hospital/clinics service providers like Shirley Ryan AbilityLab, TIRR Memorial Hermann, and Spaulding Rehabilitation Hospital hold a major portion in the market followed by rehabilitation centers.

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