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Advancements and Opportunities in the North America Quadriplegia Care Devices Market

06-02-2023 08:52 PM CET | Health & Medicine

Press release from: Persistence Market Research

North America Quadriplegia Care Devices Market

North America Quadriplegia Care Devices Market

Introduction:
The North America Quadriplegia Care Devices Market refers to the production, distribution, and utilization of medical devices specifically designed to provide care and assistance to individuals suffering from quadriplegia. Quadriplegia, also known as tetraplegia, is a condition characterized by paralysis or loss of function in all four limbs and the torso, usually resulting from spinal cord injuries. Quadriplegia care devices aim to enhance the quality of life, mobility, and independence of individuals with quadriplegia by assisting with daily activities and providing medical support.

Market Size and Growth:
The North America Quadriplegia Care Devices Market has witnessed steady growth due to the increasing prevalence of spinal cord injuries and the rising demand for advanced assistive technologies. According to a report by Persistence Market Research, The North American quadriplegia care devices market was valued at US$ 414.5 Million in 2021, with an estimated growth rate of 5.4% CAGR for the next ten years. As such, revenue from the sales of quadriplegia care devices in the region is predicted to reach US$ 741 Million by 2031.

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Market Segmentation
The North American quadriplegia care devices market is segmented by product type, end-user, and geography.

By product type, the market is segmented into:
• Mobility devices
• Communication devices
• Self-care devices

Mobility devices include wheelchairs, power wheelchairs, and scooters. Communication devices include speech-generating devices, augmentative and alternative communication (AAC) devices, and computers. Self-care devices include assistive technology devices, such as eating utensils, dressing aids, and bathing aids.

By end-user, the market is segmented into:
• Hospitals
• Clinics
• Homecare settings

Hospitals are the largest end-user segment of the market. This is because hospitals are the primary settings where quadriplegics receive care. Clinics are also a significant end-user segment. This is because clinics provide rehabilitation services to quadriplegics. Homecare settings are a growing end-user segment. This is because more quadriplegics are choosing to receive care at home.

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Market Drivers and Challenges
The major drivers of the North American quadriplegia care devices market are:
• Increasing incidence of spinal cord injuries
• Rising awareness of quadriplegia
• Development of new and innovative devices

The major challenges of the North American quadriplegia care devices market are:
• High cost of devices
• Lack of insurance coverage for devices
• Limited availability of devices

Key Players:
The North America Quadriplegia Care Devices Market comprises several key players involved in the manufacturing and distribution of quadriplegia care devices. Some prominent players in the market include Invacare Corporation, Permobil AB, Pride Mobility Products Corp., Hill-Rom Services Inc., and Sunrise Medical LLC.

Regional Analysis:
The North America Quadriplegia Care Devices Market is segmented into the United States and Canada. The United States holds a significant share in the market due to the high prevalence of spinal cord injuries and the presence of advanced healthcare infrastructure. Canada is also witnessing growth in the market, driven by the increasing awareness about quadriplegia care devices and supportive government initiatives.

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Market Trends
The following are some of the key trends in the North American quadriplegia care devices market:
• Increasing demand for customized devices
• Growing adoption of technology-enabled devices
• Rise of telehealth

Future Outlook:
The North America Quadriplegia Care Devices Market is expected to witness steady growth in the coming years, driven by the increasing prevalence of spinal cord injuries, advancements in technology, and the focus on patient-centric care. The development of lightweight and portable devices, integration of smart technologies, and collaborations among key players are expected to shape the future of the market. However, addressing cost and reimbursement challenges will be crucial for wider adoption of quadriplegia care devices and to ensure accessibility for individuals with quadriplegia.

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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

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