Rehabilitation Therapy Services Market: Introduction
· Rehabilitation is defined as various interventions that are designed to reduce different disabilities in individuals by providing optimized functioning with regard to the environment
· Rehabilitation therapy services are various curated programs designed according to roles such as in-patient rehabilitation and out-patient rehabilitation
· Rehabilitation therapy services can help an individual to avoid operations and can heal various conditions. There is a growing need of rehabilitation therapy centers, as these can benefit an individual as well as the society.
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Key Drivers, Restraints, and Opportunities of Global Rehabilitation Therapy Services Market
· Rehabilitation therapy services are provided to people who are either impaired from the time of birth or those who have become impaired due to accidents and other possible incidences. These are also provided to different kinds of people, who have mental stress and many other factors. Incidence of rehabilitation therapy among both adults and children has been gradually increasing across the globe. Around 2.4 billion individuals across the world are projected to require rehabilitation therapy by 2030. Rehabilitation therapy services are known to be quite beneficial and improve the performance of an individual such that he or she can perform daily activities on his or her own. Moreover, increase in the geriatric population is anticipated to drive demand for rehabilitation therapies.
· The present generation has become vulnerable and addicted to drugs, smoking, and alcohol, among others. These addictions can cause adverse effects on the body such as cancer, cardiovascular diseases, and chronic diseases. Rehabilitation can help individuals overcome addictions, which in turn can reduce the risk of various diseases. These factors are expected to boost the growth of the global market during the forecast period.
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· However, lack of awareness about rehabilitation therapy services, especially in the developing countries, and less number of rehabilitation therapy service centers are likely to hamper the growth of the global market
North America to Capture Major Share of Global Rehabilitation Therapy Services Market
· In terms of region, the global rehabilitation therapy services market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
· North America is projected to account for major share of the global rehabilitation therapy services market during the forecast period, as most individuals are aware of these rehabilitation therapy services and presence of well-established companies that provide rehabilitation therapy services such as therapy solutions, Inc. and Hunterdon healthcare are making it more convenient for the individuals to avail different rehabilitation therapy services. These factors are anticipated to propel the market in the region.
· Europe is a leading market for rehabilitation therapy services due to better health care policies and implementation of services by governments and enhanced health care processes.
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· The rehabilitation therapy services market in Asia Pacific is expected to expand at a high CAGR during the forecast period owing to rise in health care service provision such as rehabilitation therapies and increase in inclination of a number of people to avail rehabilitation therapy services for their wellbeing.
Key Players Operating in Global Rehabilitation Therapy Services Market
The global rehabilitation therapy services market is highly consolidated due to presence of small number of key players as well as new start-ups. These players are undertaking different strategies to improve their service line.
Major players operating in the global rehabilitation therapy services market are:
· Therapy Solutions, Inc.
· Priory Group
· Hunterdon Healthcare
· Genesis Rehab Services
· Interim HealthCare, Inc.
· Prevea Health Services
· SuVitas
· Pivot Physical Therapy
· Athletico Physical Therapy
· Smart Speech Therapy
· Bellefleur Physiotherapy
· CORA Health Services, Inc.
· Upstream Rehabilitation, Inc.
· Sutter Health
· Other prominent players
