Global Rehabilitation Therapy Services Market is growing with factors such as rise in increased awareness about physical therapy, greater insurance coverage for aging population and advancement in healthcare infrastructure and technology. Increasing government support for rehabilitation therapy services also acts as a major factor for the growth of the market. Surging volume of patients suffering from chronic disorders and prominent escalation in the number of persons with disabilities has also given a boom to the global rehabilitation therapy services market.
Access to around the clock medical, spiritual and clinical treatments to effectively heal the physical and mental damage caused, has propelled the demand of the market. However, patient required to stay at the facility during the course of treatment, high cost of treatment and complexity associated with the rehabilitation therapies have decreased the demand of the market.
Global Rehabilitation Therapy Services Market Scenario
According to Data Bridge Market Research, the market for global rehabilitation therapy services in North America has the highest market share followed by Europe and Asia-Pacific. Market leader is Select Medical Corporation which accounts an estimated market share of approximately 9.82% in the global rehabilitation therapy services market. The company has gained outstanding sale by providing novel rehabilitation therapy services.
- In September 2020, in Mechanicsburg, Pennsylvania, and Chicago, Select Medical Corporation, a wholly-owned subsidiary of Select Medical Holdings Corporation (NYSE: SEM), announced a joint venture agreement with Rush University System for Health (RUSH) to manage operations of a critical illness recovery hospital, inpatient rehabilitation hospital and 63 physical therapy centres throughout the greater Chicago and Northwest Indiana region. The agreement includes the construction of a new state-of-the-art 84-bed hospital at Rush University Medical Centre on Chicago’s West Side, with 30 beds dedicated to critical illness recovery and 54 beds for inpatient rehabilitation.
Trends Impacting the Market
Now the question is which other regions Select Medical Corporation, Upstream Rehabilitation Inc. and Sutter Health are targeting? Data Bridge Market Research has forecasted a large growth in North America rehabilitation therapy services market and the market leaders targeting U.S. and Canada to be their next pocket revenue for 2021.
The global rehabilitation therapy services market is becoming more competitive with companies like Select Medical Corporation, Upstream Rehabilitation Inc. and Sutter Health. These are the top dominating companies in rehabilitation therapy services market and have launched novel services in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the global rehabilitation therapy services market.
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New Market Developments
- In January 2021, Upstream Rehabilitation Inc. expanded its product portfolio to telehealth virtual visits amid COVID 19. This has helped the company to be in continuous touch with their patients and deliver their services during the pandemic.
- In October 2020, Select Medical Corporation announced that their joint venture partnership with Cleveland and clinic was recognised as the best physical rehabilitation centres in Ohio, U.S. by Newsweek Magazine. This will increase the demand for the company’s rehab services and contribute to revenue of the company.
- In October 2020, Sutter health along with Landed announced a pilot program to expand Landed’s home ownership assistance program to the healthcare sector. The program provides nationwide access through down payment assistance and other home buying services.
Scope of Global Rehabilitation Therapy Services Market
All country based analysis of the global rehabilitation therapy services market is further analysed based on maximum granularity into further segmentation. On the basis of service, the global rehabilitation therapy services market is segmented into rehabilitation therapy services, speech therapy, occupational therapy, respiratory therapy, others. On the basis of age group, the global rehabilitation therapy services market is segmented into paediatrics, adults, elderly. On the basis of service type, the global rehabilitation therapy services market is segmented into outpatient rehabilitation services, inpatient rehabilitation services. On the basis of application, global rehabilitation therapy services market is segmented into neurological rehabilitation therapy services, musculoskeletal, cardiopulmonary and pulmonary, sports related injuries, women’s health, paediatrics, orthopaedic, integumentary, geriatric, palliative care, others. On the basis of service category, the global rehabilitation therapy services market is segmented into hospital, physician, industrial, employer services. On the basis of model, the global rehabilitation therapy services market is segmented into manual, conventional. On the basis of end user, the global rehabilitation therapy services market is segmented into hospitals, skilled nursing facilities, home health, private practices, sports and fitness centres, rehabilitation centres, others. On the basis of service channel, the global rehabilitation therapy services market is segmented into direct channel, online channel.
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Key Pointers Covered in Global Rehabilitation Therapy Services Market Industry Trends and Forecast to 2028
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market competitors
- Recent Market Value for Different Countries
- Market value and overview of Rehabilitation therapy services market
- Company profiling of top eight players of Rehabilitation therapy services market
Key Market Competitors Covered in the Report
- Bellefleur Physiotherapy
- Sutter Health
- Suvitas
- Lifestance Health Inc.
- Fyzical
- Bon Secours USA
- Interim Healthcare Inc.
- Hunterdon Healthcare
- Prevea Health Services
- Banner Health
- The Physio Company
- Select Medical
- Lifespan Physical Therapy Services
- N Motion Therapy
- Cora Health Services Inc.
- Upstream Rehabilitation Inc.
- U.S. Rehabilitation And Health Services
- APOKOS Rehab Private Limited (a joint venture of Apollo Hospital and KOS Italy)
- Athletico Physical Therapy
- Benchmark Therapies
- Priory Group
- ATI Physical Therapy
- PIVOT Physical Therapy
- Full Motion PT.NET
- Genesis Rehab Services (a subsidiary of Genesis Healthcare)
- Kettering Health
- Smart Speech Therapy
- Speech Pathology
- Therapy Solutions Inc.
Above are the key players covered in the report, to know about more and exhaustive list of Rehabilitation therapy services companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-rehabilitation-therapy-services-market
Research Methodology: Global Rehabilitation Therapy Services Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand side: Manufacturer, Healthcare industry, Scientists, Research Laboratories
- Supply Side: Product Managers, Marketing Managers, C-Level executives, Distributors, Market Intelligence and Regulatory Affairs Managers among others.
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