The Vocational Rehabilitation Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Vocational Rehabilitation Services Global Market Report 2024, The vocational rehabilitation services market size has grown strongly in recent years. It will grow from $5.15 billion in 2023 to $5.45 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. 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 $6.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. 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.
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.
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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
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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26. South America Vocational Rehabilitation Services Market
27. Brazil Vocational Rehabilitation Services Market
28. Middle East Vocational Rehabilitation Services Market
29. Africa Vocational Rehabilitation Services Market
30. Vocational Rehabilitation Services Market Competitive Landscape And Company Profiles
Top Major Players:
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