PUBLISHER: Grand View Research | PRODUCT CODE: 1512019
PUBLISHER: Grand View Research | PRODUCT CODE: 1512019
The global medical rehabilitation services market size is anticipated to reach USD 385.92 billion by 2030, exhibiting a CAGR of 6.14% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing awareness and focus on preventative healthcare practices, aging population and technological advancements in medical rehabilitation services is expected to drive the growth of the market.
Innovations in robotics, Artificial Intelligence (AI), Virtual Reality (VR), and data analytics have transformed the capabilities of rehabilitative equipment, revolutionizing the treatment of injuries, surgeries, or debilitating conditions. According to the Oxford University Press article published in February 2024, advancements in medical rehabilitation services, including wearable sensors, robotic devices, virtual reality, and artificial intelligence, are driving market growth. These innovations enable more refined movement measurement, treatment augmentation, exercise monitoring, and real-time feedback, linking the gap between clinical settings and real-world environments to improve patient outcomes. Improving patient consequences and making rehabilitation more efficient and personalized, these technologies increase demand and investment in rehabilitation services, fueling the medical rehabilitation services market growth.
The COVID-19 pandemic had a significant impact on medical rehabilitation services globally, affecting both the demand and supply of these services. According to the NCBI article published in February 2023, in Jordan, a study observed a sharp decline in rehabilitation clinic visits from January to May 2020, coinciding with the initial strict lockdown. Patient numbers fell from 3,394 in January to only 78 in May as lockdown measures considered rehabilitation services nonessential during the COVID-19 emergency response. However, after lockdown restrictions eased, there was a significant rise in patients seeking rehabilitation services, peaking in September 2020 and exceeding pre-COVID-19 levels.