Global Medical Rehabilitation Services Market Size By Type (Occupational Therapy, Physical Therapy, Cognitive Therapy), By Competitive Landscape, By Geographic Scope And Forecast

Medical Rehabilitation Services Market Size And Forecast

Medical Rehabilitation Services Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2023 to 2030.

An increasing number of patients suffering from drug abuse, alcoholism, and depression across the globe are fueling Medical Rehabilitation Services. The increasing geriatric population and growing healthcare infrastructure in emerging economies are driving the growth of the Medical Rehabilitation Services Market. The Global Medical Rehabilitation Services Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Medical Rehabilitation Services Market Definition

Medical rehabilitation is special healthcare service that helps patients to regain their physical, mental, and cognitive abilities. Rehabilitation services help people to return to their normal life to live. These services include various types of therapies such as occupational therapy, speech, and language therapy, cognitive therapy, and physical therapy. occupational therapy is used to restore a person’s mental and physical state so that person can perform daily activities occupational therapy treats various problems such as Decreased upper body strength, Impaired fine motor skills, Decreased coordination, Cognitive impairments, Safety concerns, and Impaired performance in self-care and community reintegration.

Physical therapy is used to regulate functional mobility and it is given if a person is suffering from various kinds of conditions such as Decreased overall strength, Decreased balance, Decreased coordination, Gait deviations, Deficits in tone, Postural abnormalities, and Neurological deficits. speech therapy is given when the patient is facing difficulty in swallowing and communication .symptoms are Swallowing difficulty, Decreased language skills, Decreased ability to express their wants/needs, Cognitive/linguistic deficits, Patient tracheotomy/patient on a ventilator, Patient/family education and training, Voice disorders, Fluency disorder, Articulation disorder, and Augmentative communication. Cognitive therapy is used to treat problems related to memory, attention, and reasoning.

Global Medical Rehabilitation Services Market Overview

Nowadays, outpatient rehabilitation services have been in focus for people who are in the beginning stage of alcohol or drug addiction. Lower cost, daily short sessions, and access to support systems are fueling the growth of the Medical Rehabilitation Services Market. Rehabilitation services provide beneficial practices for patients according to their needs and condition including neurological conditions, recovery from injuries due to vehicle accidents, and heart attacks.

In addition, a growing geriatric population across the world along with the prevalence of chronic diseases is boosting the demand for the Medical Rehabilitation Services Market. Furthermore, key payers in the market are focusing on launching new effective and efficient programs for patients, that in turn fueling the growth of the Medical Rehabilitation Services Market. Also, unhealthy lifestyles and growing attraction towards it by the young population are expected to propel the market growth of the Medical Rehabilitation Services Market.

Predominantly rehabilitation program is used to treat alcoholism, depression, and drug abuse, and a significant increase in a patient suffering from depression and the growing need to treat such conditions is driving the growth of the Medical Rehabilitation Services Market. On the contrary, a lack of awareness among people across the globe is anticipated to restrict the market growth of the Medical Rehabilitation Services Market

Global Medical Rehabilitation Services MarketSegmentation Analysis

The Global Medical Rehabilitation Services Market is segmented on the basis of Type, and Geography.

Medical Rehabilitation Services Market, By Type

• Occupational Therapy• Physical Therapy• Cognitive Therapy• Speech and Language Therapy

Based on Type, The Global Medical Rehabilitation Services Market is segmented into Occupational Therapy, Physical Therapy, Cognitive Therapy, and Speech and Language Therapy. Occupational therapy uses activity to restore the physical and mental health of the patient. Physical therapy is used to provide functional mobility such as bed mobility, transfer, and gait. Speech and language therapy is for patients who have difficulty in communication and cognitive therapy is for patients who have difficulty in memory, attention, reasoning and swallowing.

Medical Rehabilitation Services Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, The Global Medical Rehabilitation Services Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia-Pacific is expected to hold the largest share in the market due to the increasing patient pool in the region as an increasing population, improving reimbursement policies, and developing healthcare infrastructure are boosting the growth of the Medical Rehabilitation Services Market.

Key Players

The “Global Medical Rehabilitation Services Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Shirley Ryan AbilityLab, Royal Buckinghamshire Hospital, U.S. Physical Therapy, Kessler Institute for Rehabilitation, and AthletiCo.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In May 2022, Etac AB (Sweden) announced the release of the R82 Crocodile (size 0), the company’s tiniest walking aid.

• In March 2022, Medline Industries, LP (US) announced a USD 725 million prime vendor collaboration with Mount Sinai Health System (US) to improve patient outcomes and optimize supply chain strategy.

• In March 2022, Prism Medical (UK) announced a collaboration with IoT Solution Group (UK) to develop its existing product range and grow into the smart healthcare sector.

• In October 2021, MindMaze Healthcare, the industry leader in the multibillion-dollar digital neurotherapeutics sector, announced today the first U.K. collaboration for its revolutionary MindPodTM platform to target cognitive and motor rehabilitation in stroke patients with The Royal Buckinghamshire Hospital (RBH) in Aylesbury.

• In April 2021, Paradigm, the industry leader in solving catastrophic and complicated health care difficulties and changing lives, announced the establishment of an innovative, value-based engagement with Shirley Ryan AbilityLab, a top-ranked national rehabilitation center. This collaboration, which will leverage the organizations’ collective clinical expertise and robust data repositories, is a first in the workers’ compensation industry and will set the standard that Paradigm will seek to adopt with other elite providers as it advances the Paradigm Systematic Care management model.

• In October 2019, UChicago Medicine and Shirley Ryan AbilityLab have partnered to provide academic health system patients with the services and expertise of a leading rehabilitation facility.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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