Press release
Stroke Rehabilitation Market is Encouraged to Reach US$ 679.6 Million and growing at a CAGR of 9% from 2022 to 2032
Stroke Rehabilitation Market
Moreover, the technological advancements in stroke rehabilitation devices and the growing awareness about stroke rehabilitation programs are expected to fuel market growth over the forecast period. Additionally, the emergence of telemedicine in stroke rehabilitation is anticipated to create lucrative growth opportunities for market players.
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The global stroke rehabilitation market is expected to grow significantly in the coming years due to increasing cases of stroke and rising demand for innovative rehabilitation techniques. Stroke is one of the leading causes of disability worldwide, and the market for rehabilitation products and services is expected to witness significant growth in the next decade.
This research report analyzes the current market trends, opportunities, and challenges in the stroke rehabilitation market and provides a detailed forecast for the period 2021-2032.
Market Dynamics
Drivers:
• Increasing prevalence of stroke and neurological disorders
• Technological advancements in rehabilitation products and services
• Growing demand for home-based rehabilitation services
Restraints:
• High cost of rehabilitation products and services
• Limited reimbursement policies
• Lack of awareness in developing countries
Opportunities:
• Growing demand for innovative rehabilitation techniques
• Untapped markets in developing countries
• Increasing government initiatives for stroke rehabilitation
Key Trends:
• Development of mobile and wearable rehabilitation devices
• Growing adoption of telemedicine for stroke rehabilitation
• Increasing focus on personalized rehabilitation programs
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Stroke Rehabilitation Market Key Players:
• Penumbra, Inc. (REAL System)
• Saebo Inc
• Shanghai Siyi Intelligent Technology Co., Ltd.
• DJO Global
• Shenzhen XFT Medical
• Soterix Medical Inc.
• Restorative Therapies
• Zynex Medical, Inc
• MYOLYN
• ACP - Accelerated Care Plus.
• Neurosoft
• BIONIK Inc. and more
Recent Developments:
• In August 2021, Saebo, a leading provider of innovative rehabilitation products for stroke survivors, announced the launch of its new SaeboVR+ system. The virtual reality-based rehabilitation platform is designed to improve upper extremity function in stroke survivors and other neurological patients.
• In May 2021, Reha Technology, a Swiss-based manufacturer of robotic rehabilitation systems, announced the launch of its new G-EO System Plus. The advanced gait training device is designed to help stroke patients recover their ability to walk and improve their overall mobility.
• In March 2021, Tyromotion GmbH, an Austrian-based manufacturer of innovative rehabilitation devices, announced the launch of its new AMAneo BTi device. The device is designed to improve communication and control for stroke patients and other individuals with limited hand function.
• In February 2021, Hocoma, a Swiss-based manufacturer of robotic rehabilitation systems, announced the launch of its new ArmeoPower arm rehabilitation device. The device is designed to help stroke patients recover their upper extremity function and improve their overall quality of life.
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Market Segmentation
The stroke rehabilitation market is segmented based on product type, end-user, and region.
By Product Type:
• Rehabilitation Equipment
• Software
• Services
• Others
By End-User:
• Hospitals
• Rehabilitation Centers
• Home Care Settings
By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
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