The global outpatient rehabilitation centers market size was valued at USD 91.1 billion in 2023 and is projected to grow at a CAGR of 7.2% from 2024 to 2030. The rising adoption of a sedentary lifestyle and the growing aging population are anticipated to boost industry growth during the forecast period. Rehabilitation needs have significantly grown owing to the higher survival rates for individuals with critical medical conditions and disabilities.
The increasing prevalence of chronic diseases and conditions such as cardiovascular diseases, diabetes, and cancer has boosted the market growth. These conditions often require long-term rehabilitation services to manage symptoms and improve patient’s quality of life. Additionally, the rising incidence of neurological disorders, including stroke and Parkinson’s disease, has led to a greater demand for specialized rehabilitation services. Moreover, with the increasing life expectancy, the number of elderly individuals requiring rehabilitation services for age-related conditions such as arthritis, osteoporosis, and mobility issues has significantly grown. This demographic shift is expected to continue driving the demand for outpatient rehabilitation centers.
In addition, technological advancements in rehabilitation therapies have played a significant role in market growth. Innovations such as telemedicine, robotic-assisted therapy, and virtual reality-based rehabilitation have enhanced the effectiveness and accessibility of rehabilitation services. These technologies allow for more personalized and efficient treatment plans, improving patient outcomes and satisfaction.
Therapy Insights
The physical therapy segment accounted for 39.1% of the market share in 2023 owing to the increasing prevalence of chronic diseases such as arthritis, diabetes, and cardiovascular conditions, which require ongoing physical therapy. Additionally, the aging population has been a significant market driver, as older adults are more prone to musculoskeletal issues and mobility problems that necessitate physical therapy. The most common conditions treated with physical therapy include lower back pain, injuries to the spine, shoulders, and rotator cuff, knee disorders, and other sprains and strains. Additionally, the growing number of people participating in fitness programs, along with the growing number of outdoor or sports pursuits, has driven the demand for physical therapy globally.
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Age Insights
The adult segment dominated the market with a 45.6% share in 2023owing to the increased risk of experiencing acute back pain and other orthopedic issues, coupled with a rise in accidental injuries. In addition, innovations such as robotic-assisted therapy, telerehabilitation, and virtual reality-based exercises have the effectiveness and accessibility of rehabilitation services. These technologies allow for more personalized and efficient treatment plans, improving patient outcomes and satisfaction. As per the World Health Organization statistics, more than 38 million Disability-Adjusted Life Years (DALY) suffered from falls, resulting in a greater number of years lived with disability.
Regional Insights
The North America outpatient rehabilitation centers market accounted for 45.7% of the global revenue share in 2023 attributed to the increasing number of outpatient rehabilitation centers and favorable reimbursement policies. Outpatient therapies including occupational therapy, speech-language pathology, and physical therapy are covered under Medicare Part B. Furthermore, the rising number of elderly people is expected to lead to a higher need for numerous medications since this demographic is more susceptible to various metabolic and lifestyle conditions, decreased physical capabilities, cognitive issues, and restricted movement.
Key Outpatient Rehabilitation Centers Companies:
The following are the leading companies in the outpatient rehabilitation centers market. These companies collectively hold the largest market share and dictate industry trends.
· Icahn School of Medicine at Mount Sinai
· UAB Health System
· Nanz medico GmbH & Co. KG
· Beijing United Family Rehabilitation Hospital (BJURH)
· CMRC
· Lovelace Health System
· KIMSHEALTH TRIVANDRUM
· Unity Health Toronto.
· Baylor Scott & White Institute for Rehabilitation
· Select Medical Corporation
· Northern Colorado Rehabilitation Hospital
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