The vocational rehabilitation services market consists of the sales of vocational rehabilitation services by entities that provide vocational rehabilitation or habilitation services, such as job counseling, job training, and work experience, to unemployed and underemployed people, people with disabilities, and people who have a job market disadvantage because of lack of education, job skill or experience; and training and employment to mentally and physically handicapped people in sheltered workshops.
The global vocational rehabilitation services market is expected to grow from $86.98 billion in 2019 to $87.15 billion in 2020 at a compound annual growth rate (CAGR) of 0.20%. The slow growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $99.04 billion in 2023 at a CAGR of 4.35%.
