Occupational Therapy Market: By Age Group (Pediatrics, Adults),  By Application (Rheumatoid Arthritis, Burns and Traumatic Injuries, Fractures, Multiple Sclerosis, Sports Injuries, Neurological Disorders, Others) and Geography

Occupational Therapy Market size was valued at USD 5,891.9 million in 2023 and is poised to grow at a CAGR of 5.6% from 2024 to 2030. Occupational therapy is evaluating and intervening to assist people improve and withstand meaningful activities in their lives, whether they are individuals, groups, or communities. Occupational therapy is for patients who are injured, ill, or disabled. The Occupational Therapists business benefitted from increased demand for industry services as well as rising financial accessibility for patients due to increased disposable income and several favourable healthcare regulations which drives the market growth.  Furthermore, as a result of an ageing population and the rising prevalence of autism spectrum disorder, the demand for facilitative occupational therapy services has surged.

Furthermore, occupational therapy is a common therapeutic technique employed during the rehabilitative process after a substantial injury or surgery. Occupational therapies are also helpful for patients with conditions such as dementia, Alzheimer’s disease, amputations, and children suffering from developmental dysfunctions. The therapists offer them care plans that help them to individually perform daily living activities. Therefore, the rising prevalence of people suffering from such disorders is expected to drive demand for the occupational therapy market during the forecast period. Industry revenue has increased throughout the present period and is predicted to increase more at a slower rate in the forecasting period. The elimination of Medicare's outpatient therapy caps, and the growing development of an evidence-based practice, are both contributing to this projected expansion.

Occupational Therapy Market Key Developments:

• In January 2022, Novo Integrated Sciences, Inc. revised and restated master facility license agreement with LAF Canada Company to deliver outpatient physical and occupational therapy services and related products within LA Fitness facilities in both the United States and Canada.
• In April 2022, Ivy Rehab, which is a national leader in outpatient musculoskeletal rehabilitative services and paediatric therapy, extended its presence with the addition of 12 outpatient clinics by making partnership and by strategic opening of new clinics.