Vocational Rehabilitation Services Global Market To Reach Value Of About $99.04 Billion In 2023
16 Nov, 2020
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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%. An increase in the number of companies expressing interest in hiring individuals with disabilities is expected to drive the vocational rehabilitation services market.
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.
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The global vocational rehabilitation services market is further segmented based on service, disability, care settings and geography.
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, Others.
By Disability: Physical, Mental, Disability Occurred During Job
By Care Settings: In-patient, Out-patient.
By Geography: The global vocational rehabilitation services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Trends In The Vocational Rehabilitation Services Market
Organizations operating in the vocational rehabilitation services market are focusing on integrating technology to make the administration work easier, connecting individuals with their counselors, and for the handling of data.
Vocational Rehabilitation Services Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides vocational rehabilitation services market overviews, analyzes and forecasts market size and growth for the global vocational rehabilitation services market, vocational rehabilitation services market share, vocational rehabilitation services market players, vocational rehabilitation services market segments and geographies, vocational rehabilitation services market’s leading competitors’ revenues, profiles and market shares. The vocational rehabilitation services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.