Overview and Scope
Vocational rehabilitation is a set of services intended to make it easier for people with disabilities or for those who have recently sustained an injury or a handicap to enter the workforce or return to it. Additionally, these services could change according on the needs of the person.
Sizing and Forecast
The vocational rehabilitation services market size has grown strongly in recent years. It will grow from <b>$5.15 billion in 2023 to $5.45 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. </b> The growth in the historic period can be attributed to americans with disabilities act (ada), government funding, vocational training and skill development, employer partnerships.
The vocational rehabilitation services market size is expected to see strong growth in the next few years. It will grow to <b>$6.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. </b> The growth in the forecast period can be attributed to advances in assistive technology, remote work and telecommuting, digital and e-learning, social services integration. Major trends in the forecast period include technology and assistive tools, remote work and telecommuting, mental health and trauma-informed care, transition services for youth.
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Segmentation & Regional Insights
The vocational rehabilitation services market covered in this report is segmented –
1) By Service: Counselling And Guidance, Job Search And Placement Assistance, Vocational And Other Training Services, Evaluation Of Physical And Mental Impairments, On-The-Job Or Personal Assistance Services, Interpreter Services, Occupational Licenses, Technical Assistance For Self-Employment, Supported Employment Services, Other Services
2) By Disability: Physical, Mental, Disability Occurred During Job
3) By Care Settings: In-patient, Out-patient
<b>Western Europe</b> was the largest region in the vocational rehabilitation services market in 2023. <b>Asia-Pacific</b> was the second-largest region in the vocational rehabilitation services market. The regions covered in the vocational rehabilitation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An increase in the number of companies expressing interest in hiring individuals with disabilities is expected to drive the vocational rehabilitation services market. There is a rise in companies recruiting people with disabilities to empower them and also provide them with a source of income opportunity, which in turn benefits the company with loyal employees and a diverse workplace. According to the Bureau of Labor Statistics, in 2022, the employment rate for individuals with disabilities increased to 21.3%, up from 19.1% in 2021 in the United States. Similarly, in August 2022, in a collaborative initiative entitled ‘Inclusion To Action,’ Microsoft Corporation, a US-based technology company and EnAble India, an India-based non-profit organization have joined forces to establish a platform with the objective of creating 100,000 employment and skill development opportunities for individuals with disabilities in India. This endeavor, which encompasses the participation of over 100 organizations and emphasizes technical and vocational skilling, mentorship, internships, and employment prospects, is designed to address the employment disparity experienced by people with disabilities and advance their economic empowerment.
Key Industry Players
Major companies operating in the vocational rehabilitation services market include <b>Rehabilitation Services Administration, Vocational Rehabilitation and Employment, illuminate VR Services Ltd., Vocational Rehabilitation Association, Easterseals Northern Indiana Inc., RISE Inc., Vocational rehabilitation of the handicapped person, Georgia Vocational Rehabilitation Agency, New York State Education Department, Alabama Department of Rehabilitation Services, Alaska Department of Labor and Workforce Development, Arizona Rehabilitation Services Administration, Arkansas Rehabilitation Services, California Department of Rehabilitation, Colorado Division of Vocational Rehabilitation, Connecticut Department of Rehabilitation Services, Delaware Division of Vocational Rehabilitation, District of Columbia Vocational Rehabilitation Services, Florida Division of Vocational Rehabilitation, Hawaii Division of Vocational Rehabilitation, Idaho Division of Vocational Rehabilitation, Illinois Department of Human Services Division of Rehabilitation Services, Indiana Vocational Rehabilitation Services, Iowa Vocational Rehabilitation Services, Kansas Rehabilitation Services, Kentucky Office of Vocational Rehabilitation, Louisiana Rehabilitation Services, Maine Division of Vocational Rehabilitation, Maryland Division of Rehabilitation Services, Massachusetts Rehabilitation Commission, Michigan Rehabilitation Services, Minnesota Vocational Rehabilitation Services, Mississippi Department of Rehabilitation Services, Missouri Vocational Rehabilitation, Montana Vocational Rehabilitation, Nebraska Vocational Rehabilitation, Nevada Bureau of Vocational Rehabilitation</b>
The vocational rehabilitation services market report table of contents includes:
1. Executive Summary
2. Vocational Rehabilitation Services Market Characteristics
3. Vocational Rehabilitation Services Market Trends And Strategies
4. Vocational Rehabilitation Services Market – Macro Economic Scenario
5. Global Vocational Rehabilitation Services Market Size and Growth
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31. Global Vocational Rehabilitation Services Market Competitive Benchmarking
32. Global Vocational Rehabilitation Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Vocational Rehabilitation Services Market
34. Vocational Rehabilitation Services Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Rehabilitation Services Administration
Vocational Rehabilitation and Employment
illuminate VR Services Ltd.
Vocational Rehabilitation Association
RISE Inc
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