Outpatient Rehabilitation Centers Market Witness Excellent Revenue Growth During 2022-2030: Grand View Research Inc

 

Outpatient Rehabilitation Centers Market Growth & Trends

The global outpatient rehabilitation centers market size is expected to reach USD 147.4 billion by 2030, expanding at a CAGR of 7.09%, according to a new report by Grand View Research, Inc. Growing demand for effective rehabilitation services for disabilities, drug/alcohol addiction, physical injuries, mental health, and others is expected to propel the growth of the industry during the forecast period. The cost-effective treatment compared to the inpatient rehabilitation services is expected to propel the demand for outpatient rehabilitation during the forecast period. The standard inpatient rehabilitation treatment in Canada costs around USD 10,000 to USD 20,000 per month, which is much greater compared to the USD 2,000 to USD 5,000 per month for intensive outpatient programs.

Moreover, rising government initiatives for outpatient rehabilitation centers are expected to boost the growth of the industry during the forecast period. The National Health Service (NHS) in the U.K. offers free outpatient rehabilitation treatments through community-based organizations and local health authorities. These are majorly done at the drop-in day facilities. A rise in the number of neurological disorders, such as Alzheimer’s and dementia, and a rise in the number of alcohol/drug addiction cases globally are expected to drive the growth of the industry. Companies are adopting various technologies to provide advanced services to patients. For instance, in April 2020, Kolmac Outpatient Recovery Centers launched new virtual services equipped with HIPPA-secure technology for its Intensive Outpatient Program (IOP).

Furthermore, the COVID-19 pandemic adversely affected the industry during the first wave. The market stabilized during the second and third waves. For instance, as per the article published in ScienceDirect, in Japan, the number of patients opting for outpatient rehabilitation services decreased during the first wave of the pandemic. During the second and third waves of the pandemic, the number returned to the pre-pandemic levels, which remain constant throughout the pandemic period despite the emergency declaration in Japan. Moreover, the adoption of telehealth supported the resumption of outpatient rehabilitation activities and an increase in visits to outpatient rehabilitation services.

Request a free sample copy or view the report summary: Outpatient Rehabilitation Centers Market Report

Outpatient Rehabilitation Centers Market Report Highlights

• The physical therapy segment held the largest share in 2021. The growth can be attributed to the shorter sessions compared to inpatient therapy and the rising number of accidental injuries leading to the permanent disabilities

• Based on age, the adult segment held the largest market share in 2021 owing to the rising number of adults opting for drug & alcohol addiction treatment and adverse effects of motorization among these age group

• North America dominated the global industry in 2021. Growing preference for outpatient rehabilitation services with the growing prevalence of chronic disorders among the elderly population in the region and favorable reimbursement policies are high-impact rendering factors that are responsible for the large share of this region

• The global industry is highly fragmented with the presence of many large-, medium-, and small-sized companies offering outpatient rehabilitation services

• The companies are launching new facilities for their geographical expansion to stay competitive in the market. For instance, in May 2022, Holy Cross Health opened a new outpatient rehabilitation center in Pompano Beach, Florida, U.S.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-outpatient-rehabilitation-centers-market

Outpatient Rehabilitation Centers Market Segmentation

Grand View Research has segmented the global outpatient rehabilitation centers market based on therapy type, age, and region:

Outpatient Rehabilitation Centers Therapy Type Outlook (Revenue, USD Million, 2017 - 2030)

• Physical Therapy

• Speech Therapy

• Occupational Therapy

• Behavioral Therapy

• Neurological Therapy

• Drug/Alcohol Addiction Treatment

• Cognitive Rehabilitation Therapy

• Others

Outpatient Rehabilitation Centers Age Outlook (Revenue, USD Million, 2017 - 2030)

• Infants & Toddlers

• Pediatric

• Adults

• Elderly

Outpatient Rehabilitation Centers Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North Americ

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players in Outpatient Rehabilitation Centers Market

• Forrest Health

• The Mount Sinai Health System

• UAB Health System

• Nanz medico GmbH & Co. KG

• Beijing United Family Rehabilitation Hospital (BJURH)

• Cambridge Medical & Rehabilitation Center

• Lovelace Health System

• Kimshealth Trivandrum

• Unity Health Toronto

• Baylor Scott & White Institute for Rehabilitation

• Northern Colorado Rehabilitation Hospital (Ernest Health)

• Select Medical Corp.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.