United States Outpatient Rehabilitation Centers Market

United States Outpatient Rehabilitation Centers Market Overview:

The United States outpatient rehabilitation centers market is projected to exhibit a growth rate (CAGR) of 6.20% during 2024-2032. The market is driven by the rising geriatric population, increasing prevalence of chronic diseases, rapid technological advancements, ongoing shift in healthcare policies favoring outpatient care, heightened awareness of rehabilitation benefits, and the growing awareness of the cost-effectiveness of outpatient services.

United States Outpatient Rehabilitation Centers Market Trends:

Growing Geriatric Population

The United States' geriatric population is rapidly expanding, creating the need for outpatient rehabilitation services. This geriatric demographic accounted for 55.8 million, or 16.8%, of the U.S. population in the year 2020. Age-related health issues, including neurological disorders, cardiovascular diseases, and musculoskeletal issues, are common in this age group, boosting the need for effective treatment solutions. Outpatient rehabilitation clinics play a vital role in managing these chronic conditions by providing geriatric patients with tailored physical therapy and rehabilitation programs to help them retain mobility, manage pain, and improve their overall quality of life. As per a study from the American Association of Retired Persons (AARP) and the United States Census Bureau, it is estimated that 77% of individuals older than 50 want to stay in their homes as they age, thus increasing the preference for outpatient rehabilitation.

Increasing Prevalence of Chronic Diseases and Disabilities

The rising incidence of chronic conditions in the U.S. is fueling the growth of the market. An estimated 129 million people in the US have at least one severe chronic condition, such as heart disease, cancer, diabetes, obesity, or hypertension, creating a greater demand for outpatient rehabilitation services. Rehabilitation facilities provide vital services to assist patients in managing chronic diseases, preventing complications, and improving their functional abilities. Furthermore, the incidence of disabilities caused by accidents, surgeries, or congenital disorders adds to the growing demand for rehabilitation services. More than 1 in every 4 adults in the United States, or 28.7 per cent, are known to have a disability. Outpatient centres are a more convenient and cost-effective option for continued rehabilitation than inpatient settings, making them a popular choice among many patients.

Rapid Advancements in Rehabilitation Techniques and Technology

Rising technological breakthroughs in the field of rehabilitation, which make therapies more effective and accessible, are accelerating the growth of this industry. Telehealth, virtual reality (V.R.), robots, and advanced prostheses have majorly improved the capabilities of outpatient rehabilitation institutions. These technologies enable more precise diagnosis, personalized therapeutic plans, and increased patient engagement, resulting in improved outcomes. In addition to this, the introduction of telehealth has enabled remote access to rehabilitation services in rural or underserved locations. These developments make outpatient rehabilitation clinics more appealing to patients and healthcare professionals, propelling the market forward.

United States Outpatient Rehabilitation Centers Market News:

• In April 2024, U.S. Physical Therapy, Inc. (USPH), a US operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced that it has acquired a physical therapy and hand therapy practice with nine clinic locations. The company acquired a 50% equity interest in the practice for a purchase price of $16.4 million, with the current practice owners retaining a 50% interest.
• In January 2023, Pear Therapeutics announced the expansion of its collaboration with Spero Health, an integrated healthcare services organization that specializes in local and affordable outpatient care for individuals suffering from substance use disorders, to provide adults suffering from substance use disorder (SUD) and opioid use disorder (OUD) access to reSET and reSET-O, for each respective condition. Spero Health has implemented reSET and reSET-O at 14 locations in Kentucky to expand access to eligible patients at its 99 locations throughout Indiana, Kentucky, Ohio, Tennessee, West Virginia, and Virginia.

United States Outpatient Rehabilitation Centers Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on therapy type and age.

Therapy Type Insights:

• Physical Therapy
• Speech Therapy
• Occupational Therapy
• Behavioral Therapy
• Neurological Therapy
• Drug/Alcohol Addiction Treatment
• Cognitive Rehabilitation Therapy
• Others
   

The report has provided a detailed breakup and analysis of the market based on the therapy type. This includes physical therapy, speech therapy, occupational therapy, behavioral therapy, neurological therapy, drug/alcohol addiction treatment, cognitive rehabilitation therapy, and others.

Age Insights:

• Infants and Toddlers
• Pediatric
• Adults
• Elderly
   

A detailed breakup and analysis of the market based on the age have also been provided in the report. This includes infants and toddlers, pediatric, adults, and elderly.

Regional Insights: 

• Northeast
• Midwest
• South
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.  

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Outpatient Rehabilitation Centers Market Report Coverage:

Key Questions Answered in This Report:

• How has the United States outpatient rehabilitation centers market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States outpatient rehabilitation centers market?
• What is the breakup of the United States outpatient rehabilitation centers market on the basis of therapy type?
• What is the breakup of the United States outpatient rehabilitation centers market on the basis of age?
• What are the various stages in the value chain of the United States outpatient rehabilitation centers market? 
• What are the key driving factors and challenges in the United States outpatient rehabilitation centers?
• What is the structure of the United States outpatient rehabilitation centers market and who are the key players?
• What is the degree of competition in the United States outpatient rehabilitation centers market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States outpatient rehabilitation centers market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the United States outpatient rehabilitation centers market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States outpatient rehabilitation centers industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.