HOMECARE REHABILITATION SERVICE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Regional Analysis

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Dominating Region- North America

North America dominates the homecare rehabilitation service market, with an estimated market share of 36.20% in 2024. This can be attributed to factors such as high healthcare expenditure, supportive government policies like Medicare and Medicaid focused on home-based care, and presence of major players. The region has witnessed significant investments from players focusing on digital technologies to enhance service quality.

Fastest-Growing Region- Asia Pacific

Asia Pacific region exhibits the fastest growth due to rising medical tourism, growing geriatric population, increasing investments by players exploring opportunities in developing nations, and favorable regulations like Telemedicine Regulations in India  encouraging the shift towards home-based care models.

Homecare Rehabilitation Service Market Outlook for Key Countries

U.S.- Growth driven by strong healthcare infrastructure and new Medicare rules

The U.S. homecare rehabilitation service industry dominated in 2023 due to strong healthcare infrastructure and rising demand for services. Factors like higher disposable income and increased healthcare spending can drive the market growth. In January 2021, according to the American Physical Therapy Association, since 2021, Medicare Part B allows physical therapists and assistants to administer rehabilitative therapy in various settings, including homes and nursing facilities, under the 2021 Physician Fee Schedule Final Rule.

China- Growth fueled by supportive reimbursement and aging population

China's homecare rehabilitation service industry growth is driven by supportive government reimbursement programs and rising demand for chronic disease management. In June 2024, China introduced new reimbursement policies for elderly care and rehabilitation services, incentivizing both public and private providers to expand home rehabilitation options. Partnerships between local companies and international healthcare players are enhancing service delivery and expanding access to specialized care.

Canada- Expanding through government funding for chronic illness management

Canada's homecare rehabilitation service industry is expanding due to increased government funding for patient-centered care. In August 2024, the Government of Canada introduced a new funding initiative to boost home rehabilitation services, with a particular focus on chronic illness management. This program aims to support individuals with conditions like diabetes, arthritis, and cardiovascular diseases, enabling them to receive treatment at home and avoid hospitalization.