Vocational Rehabilitation Services Market Outlook 2024-2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Vocational Rehabilitation Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $6.73 billion In 2028 At A CAGR Of 5.4% :

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.

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Vocational Rehabilitation Services Market Major Segments
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

Key Driver - Growing Corporate Interest In Disability Employment Boosts Vocational Rehabilitation Services

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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Prominent Trend - Tech Integration Drives Innovation In Vocational Rehabilitation Services

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 handling data. For instance, in August 2022, Microsoft Corporation, a US-based technology company in collaboration with EnAble India, an India-based non-profit organization launched the 'Inclusion to Action' initiative, uniting over 100 organizations from various sectors to create 100,000 opportunities for persons with disabilities (PwDs). This program focuses on tech skilling, mentorship, internships, and employment opportunities. It seeks to empower individuals with disabilities and promote inclusive product development, digital accessibility, and enhanced productivity through training on modern workplace applications. The aim is to transform employment prospects and create a more inclusive workforce, particularly for those with disabilities.

Vocational Rehabilitation Services Market Players
Major companies operating in the vocational rehabilitation services market include 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

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Largest And Fastest Growing Region In The Market
Western Europe was the largest region in the vocational rehabilitation services market in 2023. Asia-Pacific 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

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Vocational Rehabilitation Services Market Report Structure
3. Vocational Rehabilitation Services Market Trends And Strategies
4. Vocational Rehabilitation Services Market - Macro Economic Scenario
5. Vocational Rehabilitation Services Market Size And Growth
…..
27. Vocational Rehabilitation Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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