Press release
Vocational Rehabilitation Services Global Market Revenue to Reach $6.73 Billion By 2028 with CAGR of 5.4%
The Business Research Company presents an extensive market research report on the ""Vocational Rehabilitation Services Global Market Report 2023,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Vocational Rehabilitation Services industry. This report on Vocational Rehabilitation Services market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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%.
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Key Market Players:
Rehabilitation Services Administration, Vocational Rehabilitation and Employment, illuminate VR Services Ltd., Vocational Rehabilitation Association, Easterseals Northern Indiana Inc., RISE Inc., The Progressive Corporation are prominent players in the Vocational Rehabilitation Services industry.
Market Drivers:
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.
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Market segments for Vocational Rehabilitation Services include:
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 report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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