InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Outpatient Rehabilitation Centers Market- (By Therapy Type (Physical Therapy, Speech Therapy, Occupational Therapy, Behavioral Therapy, Neurological Therapy, Drug/Alcohol Addiction Treatment, Cognitive Rehabilitation Therapy, Others), By Age (Infants & Toddlers, Pediatric, Adults, Elderly)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Outpatient Rehabilitation Centers Market is valued at US$ 84.46 Bn in 2022, and it is expected to reach US$ 155.01 Bn by 2031, with a CAGR of 7.1% during a forecast period of 2023-2031.
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Outpatient rehabilitation institutes assess and treat people who have cognitive difficulties owing to chronic or acute issues and orthopaedic and neurological illnesses. Outpatient rehabilitation treatment programs are designed to treat chronic diseases like pain, headaches, multiple sclerosis, arthritis, and cancer. Outpatient rehabilitation centres provide patients with low-cost treatment. Outpatient rehabilitation therapy is effective for people suffering from a variety of diseases, including automobile accident injuries, stroke or heart attack, and others. Increased prevalence of chronic diseases, rising drug addiction, rising demand for effective rehabilitation therapies, and improved patient care quality are some factors expected to drive the growth of the outpatient rehabilitation centres market during the forecast period. The rise in unhealthy lifestyles, the ageing population leading to neurological disorders, and the rise in many chronic diseases such as cancer, Alzheimer's disease, and others are some of the major factors driving the growth of the outpatient rehabilitation centres market during the forecast period.
List of Prominent Players in the Outpatient Rehabilitation Centers Market:
• Select Medical Holdings
• AIM Health Group Inc.
• LHC Group, Inc.
• Trilogy Health Services, LLC.
• Craig Hospital
• 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 Corporation
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Market Dynamics:
Drivers-
The growing ageing population, combined with age-related ailments, is boosting demand for outpatient rehabilitation centres. Rehabilitation refers to therapies that aim to improve functionality and minimize disability in people with chronic illnesses as they interact with their surroundings. It caters to the demands of a diverse range of people throughout their lives. Rehabilitation is a component of health care, frequently required to obtain and maintain the best outcomes for other health interventions such as surgery, trauma care, and non-communicable disease management. Muscle strength and physical labour capacities deteriorate with age, necessitating physical and other therapy to keep the body functioning. As a result, the market is predicted to increase significantly throughout the forecast period.
Challenges:
The Outpatient Rehabilitation Centres market has lots of challenges that affect their operations, patient care, financial sustainability, and overall efficacy. A dearth of trained therapists, such as physical therapists, occupational therapists, and speech-language pathologists, can hinder rehabilitation centres' ability to meet patient demands. Furthermore, changing reimbursement rules, delayed payments, and difficulties in securing proper reimbursement for services can all impact the financial viability of rehabilitation centres.
Regional Trends:
The North America Outpatient Rehabilitation Centers Market is expected to register a major market revenue and is projected to grow at a high CAGR in the near future due to the increased prevalence of neurological illnesses, trauma disorders, fractures, tendon repairs, and chronic joint discomfort or arthritis. Physical therapy, speech therapy, occupational therapy, cardiac rehabilitation, orthopaedic rehabilitation, neurological rehabilitation, and other therapies are available in outpatient rehabilitation centres in North America. The major region Asia Pacific is likely to grow extensively during the forecast period, owing to an ageing population, an increase in the number of neurological disorders, an increase in the number of voice disorders, and growing awareness about outpatient rehabilitation centres, all of which are expected to fuel the growth of the global outpatient rehabilitation centres market during the forecast period.
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Recent Developments:
• In Feb 2023, Medical provider Select Medical and healthcare organisation AtlantiCare formed a collaborative partnership to establish and manage a novel inpatient rehabilitation hospital, together with 13 outpatient physical therapy centres, in the southeastern region of New Jersey.
• In Sept 2021, LHC Group, Inc. reported significant increases in its resources, service capabilities, and geographic reach across the country. The recently established home health, hospice, and outpatient therapy partnership between HCA Healthcare and Brookdale Senior Living Inc. has a deal in place to sell the firm to the Brookdale Health Care Services companies. The organisations span 22 states and consist of 23 home health facilities, 11 hospices, and 13 therapy offices. They are not located in HCA Healthcare service areas.
Segmentation of Outpatient Rehabilitation Centers Market-
By Therapy Type-
• Physical Therapy
• Speech Therapy
• Occupational Therapy
• Behavioral Therapy
• Neurological Therapy
• Drug/Alcohol Addiction Treatment
• Cognitive Rehabilitation Therapy
• Others
By Age-
• Infants & Toddlers
• Pediatric
• Adults
• Elderly
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.