Fact.MR, a global research & consulting firm, in their updated edition of the report, states that the outpatient rehabilitation services market will foresee prodigious growth prospects in 2021 & beyond.
Fact.MR, a global research & consulting firm, in their updated edition of the report, states that the outpatient rehabilitation services market will foresee prodigious growth prospects in 2021 & beyond. The growth is primarily attributed to increasing number of individuals suffering from of drug or alcohol addictions and depression across the globe. Growing geriatric population and increasing healthcare infrastructure in emerging economies are also complementing the industry growth.
“Market players are focusing on launching new efficient and effective programs for patients to aid patients in fast recovery. Aside from this, players are engaged in expanding their regional presence.” states Fact.MR.
Surge in Incidences of Alcohol or Drug Addiction, And Unhealthy Lifestyle are Fuelling the Demand
In recent years, there has been a notable expansion in the number of people who are encountering the issue of alcohol or drug addiction. Along with this, the world is foreseeing significant rise in unhealthy lifestyle amid young population. Consequently, there is increasing demand for outpatient rehabilitation services across the globe. This rising demand reflects lucrative prospects for the vendors operating in the outpatient rehabilitation services industry.
On the other hand, increasing geriatric population across the globe will support the stance of the outpatient rehabilitation services industry. Besides this, the cost-effectiveness is a primary factor pushing growth of this market.
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Physical Therapies to Exhibiting High Demand
A surge in the geriatric populace bolsters the demand for physical therapies. Orthopedic therapy under physical therapies is expected to tower over other therapy type, registering a substantial increase in 2021 and beyond.
The orthopedic therapy accounts for the highest market share owing to the preference of the geriatric population towards the therapy type. Also, a rise in number of infants impacted with congenital disorder upsurges the demand of several physical therapies.
How Big is the Opportunity for Outpatient Rehabilitation Service Providers in US?
The US outpaitient rehabilitation service industry is anticipated to record a steady growth pace. Increasing numbers of Americans who participate in fitness regimens, together with growing numbers of weekend warriors, is fuelling increased demand for physical therapy as well as rehabilitation treatments across the U.S.
The UK and Japan are anticipated to be the second biggest shareholder in the industry due to public awareness and progressions in healthcare infrastructure.
China, India and Brazil have been expecting growth in the upcoming years because of increasing prevalence of trauma disorders, neurological disorders, tendon repairs , fractures and increasing chronic arthritis or joint pain.
Technological advancement and Partnerships Plays a Significant Role: Fact.MR Survey
The outpatient rehabilitation services market is fairly fragmented in nature. Fact.MR’s survey indicated that the service providers are focusing on new efficient and effective program to help patients in recovering fast in 2021 & beyond. The updated edition of the report provides comprehensive coverage of the projected to remain the key strategies of market players. Some of the players profiled in the report are AIM Health Group Inc. Accelerated Rehabilitation Centers, Ltd, LHC Group, Inc., Physiohealth.in, Select Medical Holdings, Senior Care Centers of America, Inc and Trilogy Health services,LLC. The updated edition also offers a detailed analysis of the COVID-19 impact on this market.
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