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Global Stroke Rehabilitation Market-Research Industry Analysis of Trends and Forecast Report 2022-2032
Stroke Rehabilitation Market rehabilitation was estimated to be worth US$ 266.4 Mn in 2021, with a 9% predicted CAGR for the following ten years, indicating rapid market growth. As a result, by the end of 2032, sales of stroke rehabilitation solutions would bring in US$ 679.6 Mn in revenue.Stroke Rehabilitation Market
Electrical stimulators had a market value of US$ 188.2 Mn in 2021, accounting for roughly two-fourths of the global market share, according to a thorough industry analysis by Persistence Market Research. In total, the market for neurorehabilitation equipment was 9.4% dominated by stroke rehabilitation in 2021.
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Stroke Rehabilitation Demand Analysis 2012-2021 vs. 2022-2032 Market Outlook
Over the previous ten years, the global market for stroke rehabilitation grew at a rapid CAGR of 5.2%. (2012-2021).
Stroke is the second-leading cause of death and the third-leading cause of disability in the globe. Some drugs and therapies have been developed to treat stroke, but there are still few alternatives for hemorrhagic stroke, claims a study published in NCBI (2019).
As a result, it has been noted that researchers are increasingly looking into and examining the subject of post-stroke recovery and rehabilitation therapies. To achieve the as-yet unidentified objectives of post-stroke recovery, therapies aiming at optimising function in brain regions that survived the event of a stroke or offering compensatory measures to boost overall function are applied.
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What Constraints Are Affecting Stroke Rehabilitation Demand?
Lack of Skilled Professionals & Low Focus on Technology-Based Rehabilitation
Rehabilitation is crucial for post-stroke patients to achieve full functional independence while reducing or avoiding deficits. Since mobility is a crucial component of an affected patient's independence and confidence, technology solutions developed to date have mostly concentrated on physical recovery.
By substituting home-based care for hospital-based treatment, VR-based technologies can lower healthcare costs; however, these systems have not yet been developed. This may have a detrimental effect on the stroke rehabilitation market's overall growth.
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Competitive Landscape
Key stroke rehabilitation solution providers are focusing on strategic alliances, product launches, and acquisitions to expand their market presence. Companies are focused on creating stroke rehabilitation equipment with lower costs to boost their market shares.
Market players are entering into mergers and acquisitions to expand their product portfolios and market presence, globally.
In February 2019, Colfax Corporation completed its acquisition of DJO Global, Inc.
In October 2019, BIONIK Laboratories signed a strategic partnership with Intelliware to connect the InMotion™ Robotic Devices with hospitals.
Key Segments Covered in Stroke Rehabilitation Industry Survey
Stroke Rehabilitation Market by Product:
Electrical Stimulators
Table Top
Wearable
Robotic Stimulators
Wireless Stimulators
Non-Invasive Stimulators
Cognitive Stimulators
Others
Stroke Rehabilitation Market by Stroke:
Ischemic Stroke
Hemorrhagic Stroke
Transient Ischemic Attack
Stroke Rehabilitation Market by End User:
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Long Term Treatment Centers
Home Care Settings
Rehabilitation Centers
Stroke Rehabilitation Market by Region:
North America Stroke Rehabilitation Market
Latin America Stroke Rehabilitation Market
Europe Stroke Rehabilitation Market
South Asia Stroke Rehabilitation Market
East Asia Stroke Rehabilitation Market
Oceania Stroke Rehabilitation Market
Middle East & Africa Stroke Rehabilitation Market
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Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
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