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?
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