HOMECARE REHABILITATION SERVICE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Global homecare rehabilitation service market is estimated to be valued at USD 95.80 Bn in 2024 and is expected to reach USD 130.02 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. Global homecare rehabilitation service market can witness significant growth, owing to rising geriatric population and increasing prevalence of chronic diseases. Homecare rehabilitation provides rehabilitation services to patients at their homes, which enable faster recovery process and are more convenient and cost-effective compared to facility-based care. Physiotherapists, occupational therapists, and speech therapists involved in homecare rehabilitation help patients manage disabilities, injuries and chronic conditions through customized therapy programs. Growing preference for home healthcare among consumers and support from regulatory bodies can boost demand for homecare rehabilitation services worldwide.
Market Dynamics
Global homecare rehabilitation service market growth is primarily driven by factors such as rising geriatric population, increasing prevalence of chronic diseases, long wait times at hospitals, growing preference for home healthcare, and initiatives by various governments to promote home-based care. However, lack of awareness regarding homecare rehabilitation services in developing nations and shortage of skilled professionals can hamper the market growth. Advancement of telehealth and remote patient monitoring present significant growth opportunities for the market players. Introduction of digital health tools and platforms to enable virtual rehabilitation sessions will further boost the delivery of homecare rehabilitation post-pandemic.
Key Features of the Study
- This report provides in-depth analysis of the global homecare rehabilitation service market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global homecare rehabilitation service market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Amedisys, LHC Group, Inc., Brookdale Senior Living, Kindred Healthcare, Encompass Health, Genesis HealthCare, Comfort Keepers, Visiting Angels, BrightStar Care, Interim HealthCare, HealthSouth Corporation, VITAS Healthcare, Maxim Healthcare Services, Home Instead, Right at Home
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global homecare rehabilitation service market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global homecare rehabilitation service market
Market Segmentation
Market Segmentation
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