Meticulous Research® has released a new report titled “Occupational Therapy Services Market Size, Share, Forecast, & Trends Analysis by Application (Musculoskeletal, Stroke, Concussion, Depression, Autism, ADHD, Dementia), Type (Sensory Integration, Aquatic, Splinting), Payor, End User - Global Forecast to 2031.” This study projects the global occupational therapy services market to reach $50.47 billion by 2031, growing at a CAGR of 7.1% between 2024 and 2031.
The report attributes the growth of the occupational therapy services market to several key factors. These include the increasing availability of medical reimbursements, greater awareness of mental health issues, and rising healthcare expenditures. The utilization of occupational therapy services in managing post-amputation care, along with the growing geriatric population, are also significant contributors to market expansion. Moreover, advancements in occupational therapy technology and positive clinical outcomes associated with these services are expected to create new opportunities for market participants.
The report profiles major companies operating in the occupational therapy services market, including ATI Holdings, LLC, Upstream Rehabilitation, Inc., LifePoint Health, Inc., Athletico Management, LLC, CORA Health Services, Inc., Encompass Health Corporation, United States Physical Therapy, Inc., Concentra, Inc., Select Medical Corporation, Knight Health Holdings, LLC, and Optima Health Care, Inc.
Market segmentation is detailed across several categories: Application, Type, Payor, Age Group, End User, and Geography. Among applications, the physical disorders segment, particularly those related to musculoskeletal and neurological conditions, is expected to dominate in 2024. The growing elderly population, coupled with the rise in injuries from road accidents and occupational risks, drives the growth of this segment.
The sensory integration segment is projected to account for the largest share of the market among therapy types by 2024. This is due to the increasing adoption of sensory integration techniques for managing mental disorders such as depression, anxiety, and ADHD. The high prevalence of ADHD, as highlighted by Forbes, further supports the demand for sensory integration services.
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Regarding payors, the public health insurance segment is expected to hold the largest market share in 2024. This dominance is attributed to the increasing incidence of mental health conditions and the availability of reimbursements in regions such as the U.S. and Europe.
In terms of end users, hospitals and clinics are forecasted to account for the largest share of the market in 2024. Factors contributing to this include the rising number of patient visits for chronic diseases, increasing cases of road accidents and injuries, and the expansion of occupational therapy units within hospitals.
North America is anticipated to be the largest regional market in 2024, driven by the presence of key market players, well-established healthcare systems, and the availability of medical reimbursements for occupational therapy services. The region's high rate of road accidents also contributes to the demand for these services. The Centers for Medicare and Medicaid Services has included outpatient therapy services, such as occupational therapy, in the Bipartisan Budget Act of 2018, further supporting market growth in this region.
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Key questions answered in the report-
- Which are the high-growth market segments in terms of occupational therapy services by application, type, payor, age group, end user, and geography?
- What was the historical market for occupational therapy services across the globe?
- What are the market forecasts and estimates for the period 2024–2031?
- What are the major drivers, restraints, opportunities, and challenges in the occupational therapy services market?
- Who are the major players operating in the occupational therapy services market?
- What is the competitive landscape, and who are the leaders in the occupational therapy services market?
- What are the recent developments in the occupational therapy services market?
- What are the different strategies adopted by the major players in the occupational therapy services market?
- What are the geographical trends and high-growth regions/countries?
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