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Redding, California - June 24, 2024

Occupational Therapy Services Market to be Worth $50.47 Billion by 2031

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

Meticulous Research^®—a leading market research company, published a research 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 publication from Meticulous Research^®, the occupational therapy services market is projected to reach $50.47 billion by 2031, at a CAGR of 7.1% from 2024 to 2031. The growth of the occupational therapy services market can be attributed to several factors, including the availability of medical reimbursements, rising awareness regarding mental health, increasing healthcare expenditures, the use of occupational therapy services in supervising post-amputation patients, and the rising geriatric population. Moreover, technological advancements in occupational therapy and positive clinical outcomes of occupational therapy are expected to offer growth opportunities for the players operating in this market.

Key Players

The key players profiled in the occupational therapy services market report are ATI Holdings, LLC (U.S.), Upstream Rehabilitation, Inc. (U.S.), LifePoint Health, Inc. (U.S.), Athletico Management, LLC (U.S.), CORA Health Services, Inc. (U.S.), Encompass Health Corporation (U.S.), United States Physical Therapy, Inc. (U.S.), Concentra, Inc. (U.S.), Select Medical Corporation (U.S.), Knight Health Holdings, LLC (U.S.), and Optima Health Care, Inc. (U.S.).

The occupational therapy services market is segmented by Application (Physical Disorders [Musculoskeletal & Orthopedic Conditions, Neurological Conditions {Concussion, Multiple Sclerosis (MS), Stroke, Other Neurological Conditions}], Mental Disorders [Depression, Bipolar Disorder, Dementia, Developmental Disorders {Autism, Attention Deficit Hyperactivity Disorder (ADHD), Other Developmental Disorders}, Cognitive Rehabilitation]), Type (Sensory Integration, Assistive Technology, Splinting and Hand Therapy, Driver Rehabilitation, Aquatic Therapy, Other Types), Payor (Out of Pocket Expenses, Private Health Insurance, Public Health Insurance), Age Group (Adults, Children), End User (Hospitals & Clinics, Rehabilitation Centers, Other End Users), and Geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.

Among all applications, in 2024, the physical disorders segment is expected to account for the largest share of the market. The rise in the geriatric population prone to musculoskeletal and neurologic conditions and the rise in the number of injuries due to road accidents and occupational risks are supporting the largest share of the market.

Among types, in 2024, the sensory integration segment is expected to account for the larger share of the market. The large share of the segment is attributed to factors such as the implementation of new sensory approaches and the increasing incidence of mental disorders such as depression, anxiety, and attention-deficit hyperactivity disorders (ADHD), among others. A high proportion of adults taking sensory integration services for managing ADHD are contributing to the largest share of the market. For instance, as per data released by Forbes (U.S.), an estimated 8.7 million adults in the U.S. have ADHD, and nearly 2.6% (139.8 million) of adults worldwide have ADHD since childhood, representing a wider scope for sensory integration services.

Among payors, in 2024, the public health insurance segment is expected to account for the largest share of the market. The large share of the segment is attributed to factors such as increasing incidences of mental illnesses and the availability of reimbursements in the U.S. and European markets.

Among end users, in 2024, the hospitals & clinics segment is expected to account for the largest share of the market. The large share of the segment is attributed to factors such as the increasing number of patient visits to hospitals due to chronic diseases, rising cases of road accidents and injuries, and the expansion of occupational therapy units at hospitals.

Among geographies, in 2024, North America is expected to account for the largest share of the market. The large share of the segment is attributed to factors such as the presence of key market players, established and robust healthcare systems, availability of medical reimbursements in certain states for occupational therapy services, and reduction in stigma around mental health in the general population, and the high number of road accidents across the U.S. and Canada. For instance, the Centers for Medicare and Medicaid Services has the Bipartisan Budget Act of 2018 includes outpatient therapy services, including physical therapy (PT), speech-language pathology (SLP), and occupational therapy (OT) services for Medicare payment.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5943

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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Redding, California - June 24, 2024

Occupational Therapy Services Market to be Worth $50.47 Billion by 2031

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

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