Vocational Rehabilitation Services Market: Empowering a Diverse Workforce

The Business Research Company’s Vocational Rehabilitation Services Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 30, 2023 /EINPresswire.com/ — The vocational rehabilitation services market has exhibited robust growth, escalating from $5.15 billion in 2023 to a projected $5.45 billion in 2024, marking a noteworthy Compound Annual Growth Rate (CAGR) of 5.7%. The vocational rehabilitation services market is poised for continued expansion, with an anticipated growth to $6.73 billion by 2028, boasting a CAGR of 5.4%.

Market Driver: Companies Embrace Diversity with Inclusive Hiring

A significant driver fueling the vocational rehabilitation services market is the increasing interest among companies to hire individuals with disabilities. This surge is driven by a dual objective: empowering individuals with disabilities by providing income opportunities and benefiting companies with a diverse and loyal workforce. Notably, the Bureau of Labor Statistics reported a rise in the employment rate for individuals with disabilities in the United States, reaching 21.3% in 2022, up from 19.1% in 2021. Furthermore, collaborative initiatives such as ‘Inclusion to Action’ by Microsoft Corporation and EnAble India aim to create 100,000 employment and skill development opportunities for individuals with disabilities in India. This initiative emphasizes technical and vocational skilling, mentorship, internships, and employment prospects to address employment disparities and advance economic empowerment.

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Market Segmentation
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

Emerging Trend: Technology Integration for Enhanced Accessibility

Innovations within the vocational rehabilitation services market include a strategic focus on integrating technology to streamline administrative processes, facilitate counselor-individual connections, and manage data effectively. Microsoft Corporation, in collaboration with EnAble India, launched the ‘Inclusion to Action’ initiative, uniting over 100 organizations to create opportunities for persons with disabilities. This initiative emphasizes tech skilling, mentorship, internships, and employment opportunities, aiming to empower individuals with disabilities and promote inclusive product development, digital accessibility, and enhanced productivity through training on modern workplace applications.

Regional Dynamics: Western Europe Leads, Asia-Pacific Follows

As of 2023, Western Europe claimed the largest share in the vocational rehabilitation services market, with a strong commitment to fostering an inclusive workforce. Asia-Pacific emerged as the second-largest region, actively contributing to the market’s growth trajectory.

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Vocational Rehabilitation Services Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Vocational Rehabilitation Services Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on vocational rehabilitation services market size, vocational rehabilitation services market drivers and trends, vocational rehabilitation services market major players, vocational rehabilitation services market competitors’ revenues, vocational rehabilitation services market positioning, and vocational rehabilitation services market growth across geographies. The vocational rehabilitation services market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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