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What key factors are powering the surge in the occupational therapy market right now?

The occupational therapy market has grown steadily and is projected to expand from $5.26 billion in 2024 to $5.54 billion in 2025 at a CAGR of 5.4%. Past growth was influenced by an aging population, the prevalence of chronic conditions, increased mental health awareness, occupational safety regulations, and the expanding scope of occupational therapy.

How fast Is the occupational therapy market expected to grow, and what’s its future value?

The occupational therapy market is projected to grow steadily, reaching $6.99 billion in 2029 at a CAGR of 6.0%. Growth drivers include increased telehealth adoption, rising developmental disorder cases, personalized therapy approaches, mental health focus, and evidence-based practices. Trends influencing the market include interdisciplinary collaboration, rehabilitation technology advancements, geriatric care expansion, pediatric therapy, and workplace wellness programs.

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What are the leading drivers of growth in the occupational therapy market?

The growing adoption of IoT is expected to fuel the expansion of the observability tools and platforms market. IoT refers to a network of interconnected physical devices embedded with sensors and connectivity, allowing data exchange and remote monitoring. Advances in AI and machine learning have enhanced IoT applications, increasing the need for observability tools to monitor system performance, detect anomalies, and optimize operations. For example, a November 2022 Ericsson report revealed that broadband IoT (4G/5G) accounted for 1.3 billion connections in 2022, with projections indicating that 60% of cellular IoT connections will be broadband IoT-based by 2026, primarily using 4G. Northeast Asia, the leading region in cellular IoT connections, is expected to surpass 2 billion connections by 2023. Consequently, the increasing adoption of IoT is driving the observability tools and platforms market.

What are the key segments defining the occupational therapy market?

The occupational therapy market covered in this report is segmented –

1) By Product: Cloud-Based, On-Premises

2) By Disease: Mental Disorders, Physical Disorders

3) By Application: Psychological Disorders, Hospital, Other Applications

Subsegments:

1) By Cloud-Based: Cloud-Based Occupational Therapy Software, Teletherapy Platforms, Cloud-Based Patient Management Systems, Virtual Rehabilitation Solutions

2) By On-Premises: On-Premises Occupational Therapy Software, Physical Therapy Equipment For On-Site Use, On-Premises Patient Record Management Systems

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Who are the key players steering the development of the occupational therapy market?

Major companies operating in the occupational therapy market report are Abbott Laboratories, STERIS Corporation, Getinge AB, Johns Hopkins Medicine International LLC, Premise Health Holding Corp., Cantel Medical Corporation, Midmark Corporation, Ergotron Inc., Performance Health Holdings Inc., Accord Medical Products Pvt. Ltd., A-Dec Inc., Drive DeVilbiss Healthcare, WebPT Inc., Net Health Systems Inc., Clinicient Inc., Dynasplint Systems Inc., AliMed, Optima Health Care Inc., Maddak Inc., Bio Med International Pvt. Ltd., Alliance Therapy Services, Rifton Equipment, BioSensics, ClinicSource, Divine Physiotherapy Equipments

What emerging trends are influencing the growth of the occupational therapy market?

Prominent businesses in the occupational therapy market are innovating and implementing technologies like AI-powered physical rehabilitation solutions to secure a competitive advantage. The AI-powered physical rehabilitation solution is a technological breakthrough that uses artificial intelligence to revolutionize physical therapy and rehabilitation. For instance, Sword Health, a healthcare firm based in Portugal, introduced an AI solution named Phoenix in June 2024. This cutting-edge tool facilitates interactive sessions between patients and Phoenix, providing instantaneous guidance and feedback during therapy. Patients can communicate their emotions and advancements, and the AI modifies the difficulty level and span of the session to match their progress. Phoenix also interprets patient movements, offering instant feedback while collating performance data for analysis by Sword’s human clinicians to ensure the safety and suitability of the exercises.

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Which regions are most influential in expanding the occupational therapy market?

North America was the largest region in the occupational therapy market in 2024. The regions covered in the occupational therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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