Rehabilitation Therapy Services Market size was over USD 26.46 billion in 2023 and is expected to exceed USD 72.83 billion by 2036, witnessing over 8.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of rehabilitation therapy services is evaluated at USD 28.17 billion. Rehabilitation therapy is used to improve functioning of day-to-day life, after any accident, disease, or surgery. The growth of the market can be attributed to the increasing demand for regular or close-to-regular lifestyle for differently abled individuals, along with the rising prevalence of disabilities across the world. Moreover, increasing global geriatric population is also foreseen to play a crucial role in the market growth, as older individuals are more likely to require physical therapy. Along with this, the favorable reimbursement policies for healthcare expenditure, along with growing healthcare expenditure are anticipated to encourage the market growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
8.1% |
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Base Year Market Size (2023) |
USD 26.46 billion |
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Forecast Year Market Size (2036) |
USD 72.83 billion |
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Regional Scope |
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The global rehabilitation therapy services market is segmented by type into speech therapy, physical therapy, occupational therapy, respiratory therapy, cognitive behavioral therapy, and others, out of which, the speech therapy segment is anticipated to hold the notable share in the market over the forecast period. This can be attributed to the growing prevalence of various diseases that impact the speech ability in children. Conditions, such as, dyslexia, dyspraxia, aphasia dysphagia, articulation problems, fluency problems, Parkinson’s disease, cerebral palsy, and cleft palate, cause difficulty in speaking, which is estimated to boost the segment growth.
Our in-depth analysis of the global market includes the following segments
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By Patient Type |
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By Application |
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APAC Market Statistics
On the basis of geographical analysis, the global rehabilitation therapy services market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is set to dominate majority revenue share by 2036, driven by increasing health awareness, along with rising availability of rehabilitation services. Moreover, the increasing share of geriatric population in the APAC region, is estimated to fuel the market growth. According to the data by the World Bank, there are over 114,192,911 individuals above the age of 65 years in the South Asia region, as of 2020. Besides this, the market in the North America region is anticipated to gain the notable market share throughout the forecast period owing to the large number of physiotherapy and rehab clinics in the U.S. region, backed by rising cases of sport or accidental injuries.
Author Credits: Radhika Pawar
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