Meticulous Research® has recently published an insightful 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.” According to this latest study, the global occupational therapy services market is expected to reach $50.47 billion by 2031, growing at a CAGR of 7.1% from 2024 to 2031.
The report highlights several factors driving the growth of the occupational therapy services market. These include the growing availability of medical reimbursements, increased awareness of mental health issues, and the rising healthcare expenditures globally. The utilization of occupational therapy services for managing post-amputation care and the increasing geriatric population also contribute significantly to the market's expansion. Additionally, technological advancements in occupational therapy and the proven effectiveness of these services in clinical settings are anticipated to create new growth opportunities for market participants.
The report profiles key players 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.
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Market segmentation is detailed across several categories: Application, Type, Payor, Age Group, End User, and Geography. Among applications, the physical disorders segment, particularly musculoskeletal and neurological conditions, is expected to dominate in 2024. The increasing geriatric population, coupled with the rise in injuries from road accidents and occupational hazards, drives this segment's growth.
The report also notes that the sensory integration segment is likely to account for the largest market share among therapy types by 2024. This is due to the growing adoption of sensory integration techniques to manage mental disorders such as depression, anxiety, and ADHD. The high prevalence of ADHD, as indicated by data from Forbes, further supports the demand for sensory integration services.
Regarding payors, the public health insurance segment is projected 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 expected to account for the largest market share in 2024. Factors contributing to this include the rising number of chronic disease cases, increasing patient visits due to injuries, and the expansion of occupational therapy units within hospitals.
Geographically, North America is anticipated to lead the market in 2024, driven by the presence of major 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, which further supports 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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