How much is the vocational rehabilitation services market worth, and how is it expected to expand?
The vocational rehabilitation services market size has grown strongly in recent years. It will grow from $4.9 billion in 2024 to $5.2 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. 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 $6.51 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. 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.
Get Your Free Sample of The Global Vocational Rehabilitation Services Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3494&type=smp
Which industry factors have accelerated the vocational rehabilitation services market’s expansion?
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.
What are the primary segments of the vocational rehabilitation services market?
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
Subsegments:
1) By Counselling And Guidance: Career Counseling, Psychological Counseling, Vocational Assessment, Job Readiness Coaching
2) By Job Search And Placement Assistance: Job Matching And Referral, Resume Writing Assistance, Interview Coaching, Job Placement Services
3) By Vocational And Other Training Services: Skill Development Programs, Job-Specific Training, Certification And Credential Programs, Computer And IT Training, Soft Skills Training (Communication, Teamwork)
4) By Evaluation Of Physical And Mental Impairments: Physical Therapy Assessments, Psychological Assessments, Functional Capacity Evaluations, Cognitive Testing
5) By On-The-Job Or Personal Assistance Services: Job Coaching, Personal Assistance For Daily Activities, Workplace Modifications, Peer Support Services
6) By Interpreter Services: Sign Language Interpreting, Written Translation Services, Real-Time Captioning, Assistive Technology For Communication
7) By Occupational Licenses: Assistance With Certification And Licensing, Licensing Exam Preparation, Legal And Regulatory Support
8) By Technical Assistance For Self-Employment: Business Planning Assistance, Funding And Financial Guidance, marketing And Sales Support, Legal And Compliance Support
9) By Supported Employment Services: Job Training And Placement With Support, Job Retention Services, Customized Employment, Worksite Support
10) By Other Services: Transportation Assistance, Housing And Living Support, Rehabilitation For Substance Abuse Or Addiction, Social Security And Disability Benefits Assistance
Order your report now for swift delivery
Which firms are leading the vocational rehabilitation services market?
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
What are the most influential trends expected to drive the vocational rehabilitation services market forward?
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.
Which regional trends are influencing the vocational rehabilitation services market, and which area dominates the industry?
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
What Does The Vocational Rehabilitation Services Market Report 2025 Offer?
The vocational rehabilitation services market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Vocational rehabilitation is a set of services intended to make it easier for people with disabilities or for those who have recently sustained an injury or a handicap to enter the workforce or return to it. Additionally, these services could change according on the needs of the person.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3494
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
