Outpatient Rehabilitation Centers Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 

The global outpatient rehabilitation centers market size is projected to witness a significant CAGR of 7% from 2022 to 2028 owing to the growing aging population paired with associated age-related diseases, increasing demand for residential care facilities among others. Rehabilitation refers to interventions designed to optimize functioning and reduce disability in individuals with health conditions in their interactions with their environment. It addresses the needs of a broad range of people across the lifespan. Rehabilitation is a fundamental component of health care, often needed to achieve and maintain the best outcomes for other health interventions such as surgery, trauma care and management of noncommunicable diseases. Furthermore, the aging population is increasing at a fast pace all over the world. According to the World Population Ageing Report by UN, there were 727 million persons aged 65 years or over in 2020 and is expected to reach over 1.5 billion by 2050. Muscle strength and physical labor capabilities weaken with the increasing age requiring physical and other therapies to keep body working. Thus, the market is expected to witness significant growth during the forecast period.

 According to UnivDatos Market Insights (UMI)’ research report “Global Outpatient Rehabilitation Centers Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the growing prevalence of chronic diseases and the rising geriatric population.

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Based on type, the market is segmented into physical therapy, speech therapy, occupational therapy, cognitive rehabilitation therapy, and others. In 2020, physical therapy accounted for the major share in the market.  This is mainly due to the rising aging population, rising obesity levels, consumers seeking alternatives to opioids for pain management, and the cost savings and effectiveness of outpatient rehab. Physical therapy incorporates stretching, strengthening exercises, range-of-motion exercises and offers customizable treatment, limiting time away from work and family.

Based on age, the outpatient rehabilitation centers market is divided into pediatric, adult, and geriatric. The adult segment dominated the market in 2020 and expected to retain its dominant position during the forecast period. Cultural shifts are leading the adult population globally to pursue more active lifestyles, supporting higher utilization of outpatient physical therapy services for recovery following an exercise-related or other injury. However, rising geriatric population coupled with increasing prevalence of knee arthritis among the old age population and increase the knee replacement surgeries will also drive the growth of geriatric segment during the forecast period.

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North America to Dominate the Market

For a better understanding of the market adoption of the Outpatient Rehabilitation Centers, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. In 2020, North America accounted for a significant market share. The rising growth of this market in the region is mainly due to the rising sports activities & injuries, spinal injuries, and the availability of a high number of outpatient rehabilitation clinics in the region. Furthermore, support with private and public reimbursement programs further boost adoption of outpatient therapies. Due to the proven efficacy and cost-effectiveness of physical therapy and other therapies, reimbursement rates are expected to remain stable relative to the overall health services landscape over the long term.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the market are US Physical Therapy Inc., Upstream Rehabilitation Inc., Select Medical, Forrest Health, The Mount Sinai Health System, UAB Health System, Cambridge Medical & Rehabilitation Center, Universal Health Services Inc., Unity Health Toronto, and Baylor Scott & White Institute for Rehabilitation.

“Global Outpatient Rehabilitation Centers Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.      By Type (Physical Therapy, Speech Therapy, Occupational Therapy, Cognitive Rehabilitation Therapy, Others)

2.      By Age (Pediatric, Adult, Geriatric)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (US Physical Therapy Inc., Upstream Rehabilitation Inc., Select Medical, Forrest Health, The Mount Sinai Health System, UAB Health System, Cambridge Medical & Rehabilitation Center, Universal Health Services Inc., Unity Health Toronto, and Baylor Scott & White Institute for Rehabilitation)

Key questions answered in the study:

1.      What are the current and future trends of the global Outpatient Rehabilitation Centers industry?

2.      How the industry has been evolving in terms of type and age?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global Outpatient Rehabilitation Centers industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global Outpatient Rehabilitation Centers suppliers across various region and countries?