SuVitas Holistic Healthcare Pvt Ltd.

DUBLIN, March 10, 2023 /PRNewswire/ -- The "Medical Rehabilitation Services Market by Therapy, Service, Application, End Use, and by Region - Global Forecast to 2022-2033" report has been added to ResearchAndMarkets.com's offering. The medical rehabilitation services market size is estimated to be USD 144,543.1 million in 2022 and is expected to witness a CAGR of 7.22% during the forecast period 2023-2033. Escalating demand for outpatient rehabilitation treatments, rise in government initiatives to enhance access rehabilitation services, growing rates of drug misuse, alcoholism, and depression is expected to propel the market growth. Furthermore, ageing population, increasing incidence of chronic diseases, sufficient reimbursement for rehabilitation services, and rising number of disabilities is expected to support the market growth. However, lack of understanding of rehabilitation, complexities of rehabilitation services, and the dearth of physical therapy facilities in developing countries is expected to hinder the growth. Escalating demand for outpatient rehabilitation treatments is predicted to spur the market growth. The number of people who are fighting with drug or alcohol addiction has significantly increased in recent years. The world is also witnessing a remarkable increase in young people living unhealthy lifestyles. As a result, there is an increase in demand for outpatient rehabilitation services everywhere in the world. Vendors have a lot of opportunities on the global market for rehabilitation therapy services due to the rising demand. Rise in government initiatives to enhance access rehabilitation services is projected to fuel the market growth. To increase patient access to pulmonary and cardiac rehabilitation services, the U.S., for instance, introduced the expanding Access to Quality Cardiac Rehabilitation Care Act in 2021. This act permits physician assistants, clinical nurse specialists, and nurse practitioners to recommend rehabilitation therapy to health care pulmonary and cardiac patients. Competitor Insights To achieve a competitive edge, these businesses are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector. For instance, In May 2021, MindMaze increased the scope of its digital neurotherapeutics (DTx) offerings by partnering with Alkholi, Surgicorp, Swiss Rehabilitation, and Guttmann Barcelona. This partnership will enable the company to increase its market share in the Middle East, Latin America, Switzerland, and Spain. This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including therapy, service, application, and end use from 2023 to 2033. Company Profiles Prism Medical Shirley Ryan AbilityLab Therapy Solutions for Kids The University of Chicago Medical Center MindMaze Healthcare SuVitas Icahn School of Medicine at Mount Sinai nMotion Physical Therapy Paradigm Healthcare Lifespan Physical Therapy Services Athletico Physical Therapy Segmentation: Medical Rehabilitation Services Market Report 2022 - 2033 Therapy (Revenue, USD Million), 2022 - 2033 Physical Therapy Occupational Therapy Cognitive Therapy Speech and Language Therapy Others Service (Revenue, USD Million), 2022 - 2033 Inpatient Rehabilitation Services Outpatient Rehabilitation Services Application (Revenue, USD Million), 2022 - 2033 Neurological Cardiologic Sports Related Injuries Pulmonary Orthopedic Others End Use (Revenue, USD Million), 2022 - 2033 Rehab Centres Hospitals & Clinics Physiotherapy Centres Homecare Settings By Region (Revenue, USD Million), 2022 - 2033 North America U.S Canada Europe Germany France UK Spain Italy Rest of Europe Asia Pacific China Japan India Australia South Korea Rest of APAC Latin America Brazil Mexico Argentina Rest of LATAM Middle East & Africa South Africa GCC Rest of MEA For more information about this report visit About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Media Contact: Research and Markets Laura Wood, Senior Manager [email protected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Logo: SOURCE Research and Markets

SuVitas till date has imparted over 1,00,000 therapy sessions resulting in over 3,000 patient recoveries through its Hyderabad and Bengaluru operations. NCR-based health-tech company HCAH (HealthCare atHOME) acquired SuVitas Holistic Healthcare, which has operations in Hyderabad and Bengaluru. The deal size has not been disclosed. Following this acquisition, SuVitas became a 100 per cent subsidiary of the HCAH. This will help HCAH to build India’s largest and most clinically accomplished chronic and pre and post hospital focused healthcare delivery platform which acts like a ‘Hospital outside of the Hospital.’ “Since inception, we have catered to over 20 lakh patients, including about 10 lakh patients during the Covid time. Currently, we cater to about 1.5 lakh patients in a month. We have a presence in over 70 cities,” said Vivek Srivastava, co-founder & CEO, HCAH. SuVitas started 50 private rooms in 2015 and currently, it runs two state-of-the-art facilities in Hyderabad and Bengaluru with over 100 private beds. Using its proprietary tech platform and SOPs, SuVitas till date has imparted over 1,00,000 therapy sessions resulting in over 3,000 recoveries. It has positioned itself in this space, providing post-hospitalisation rehab care for patients of stroke, head injuries, hip and knee replacements, spinal cord injuries, and post-cardiac surgery, with specialised programmes. “Transition care is that part of the healthcare industry that bridges tertiary and home health care. Clearly, the market is huge (estimated at over $3 billion with a CAGR of over 25 per cent), and to fill this massive gap, we need more accessible and affordable infrastructure delivered faster than the traditional healthcare growth rates. That is the precise reason why SuVitas was conceptualised,” Antra Bhargava, CEO, SuVitas said. “Going forward, our intention is to take this business to 1,500 beds in the next 4-5 years. In revenue terms, we expect to move up from over Rs 100 crore currently to about Rs 800-1,000 crore in the next 4-5 years using both organic and inorganic strategies.”