According to a recent report by Reports and Data, the global Medical Rehabilitation market was valued at USD 227 billion in 2022, and it is expected to grow at a CAGR of 4% during the forecast period. SNFs offer short-term nursing and rehabilitation services after a stay in an acute care hospital or other healthcare settings. They provide various benefits, such as support with daily living activities, post-hospital and post-surgical care, long-term custodial care, personalized care plans, and more.
The global Medical Rehabilitation (SNF) rehabilitation market is experiencing revenue growth primarily due to the increasing prevalence of chronic diseases such as diabetes, heart disease, and cancer. With the aging population becoming more prone to chronic illnesses, there is a greater demand for post-acute care and rehabilitation services. The market's growth is further propelled by technological advancements in the healthcare industry. By utilizing telemedicine and remote patient monitoring, SNFs can provide remote rehabilitation services, leading to improved patient outcomes, reduced hospital readmission rates, and lower healthcare expenditures.
Get a free sample PDF of the report, visit @
https://www.reportsanddata.com/download-free-sample/6073
One significant element driving the market's revenue growth is the increasing prevalence of chronic diseases, including diabetes, heart disease, and cancer. The aging population is more susceptible to chronic diseases, which has resulted in a higher need for post-acute care services. The high cost of hospitalization and the common use of home healthcare has also increased the demand for SNFs and rehabilitation services.
Additionally, technological advancements in the healthcare industry have played a significant role in driving market revenue growth. The use of telemedicine and remote patient monitoring technology allows SNFs to provide remote rehabilitation services, which has reduced hospital readmission rates and healthcare expenses while improving patient outcomes. The use of Electronic Health Records (EHRs) has also led to better care coordination between skilled nursing facilities and other healthcare providers, resulting in improved patient outcomes and lower healthcare expenditures.
Furthermore, increasing consumer awareness of the value of rehabilitation services is anticipated to fuel market revenue development. To incentivize SNFs to provide high-quality rehabilitation services, the Centers for Medicare and Medicaid Services (CMS) have introduced two reimbursement programs, the Medical Rehabilitation Value-Based Purchasing (SNF VBP) program and the Medical Rehabilitation Quality Reporting Program (SNF QRP).
In terms of revenue, the physical therapy segment dominated the worldwide SNF rehabilitation market in 2022. Physical therapy is an important part of rehabilitation treatments in skilled nursing institutions, which aims to restore or enhance patients' physical functions and mobility. It is anticipated that the inpatient segment would provide the highest revenue share to the global SNF rehabilitation market throughout the forecast period.
The SNF rehabilitation market in North America held the greatest market share in 2022, owing to the aging population, rising chronic illness rates, and rising healthcare costs.
To know more about the latest insights of the report, visit @
https://www.reportsanddata.com/request-latest-insight/6073
Some of the prominent players in the global Medical Rehabilitation market include Kindred Healthcare, Brookdale Senior Living, Ensign Group, Genesishcc, Select Medical, Healthcare Services Group, SavaSeniorCare, National Healthcare Corporation, Consulate Health Care, and RehabCare.
The report segments the global SNF rehabilitation market on the basis of service type outlook, care type outlook, end-use outlook, and regional outlook. The service type outlook includes physical therapy, occupational therapy, speech therapy, respiratory therapy, and others. The care type outlook includes inpatient and outpatient care, while the end-use outlook includes hospital-based and stand-alone settings. The regional outlook covers North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
In conclusion, the global SNF rehabilitation market is expected to experience significant growth over the forecast period due to the increasing prevalence of chronic diseases, aging population, and technological advancements in the healthcare industry. The report provides valuable insights into the market, including its key drivers, challenges, and opportunities, as well as a comprehensive analysis of the market's segmentation and competitive landscape.
Request a customized copy of the report @
https://www.reportsanddata.com/request-customization-form/6073
Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact:
John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs
Browse for more reports…
https://www.reportsanddata.com/report-detail/companion-animal-health-market
https://www.reportsanddata.com/report-detail/dental-bone-void-filler-market
https://www.reportsanddata.com/report-detail/mammography-workstation-market
