Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Market to Hit Surpass US$ 679.6 Million by 2032

Stroke Rehabilitation Market Size

The global stroke rehabilitation market size was valued at US$ 266.4 million in 2021 and is expected to grow at a CAGR of 9% from 2022 to 2032. Revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Million by the end of 2032.

The growth of the market is being driven by the increasing incidence of strokes, the growing demand for innovative rehabilitation technologies, and the rising awareness of the importance of early intervention.

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Introduction

Stroke rehabilitation refers to the process of restoring functional abilities and improving the quality of life for individuals who have experienced a stroke. Stroke is a leading cause of long-term disability worldwide, and rehabilitation plays a crucial role in helping stroke survivors regain independence and maximize their recovery. The stroke rehabilitation market encompasses a range of therapeutic interventions, assistive devices, and technologies aimed at improving motor function, cognition, and overall well-being. This research report provides a comprehensive analysis of the stroke rehabilitation market, including market size, trends, growth drivers, and competitive landscape.

Key Market Drivers

• Increasing incidence of strokes: The global incidence of strokes is increasing due to the aging population, the rising prevalence of risk factors such as hypertension, diabetes, and obesity, and the increasing use of tobacco and alcohol.
• Growing demand for innovative rehabilitation technologies: There is a growing demand for innovative rehabilitation technologies that can help stroke survivors regain their lost abilities. These technologies include virtual reality, robotic therapy, and brain stimulation devices.
• Rising awareness of the importance of early intervention: There is a growing awareness of the importance of early intervention in stroke rehabilitation. Early intervention can help stroke survivors regain their lost abilities more quickly and effectively.

Market Trends

• Increasing adoption of virtual reality in stroke rehabilitation: Virtual reality (VR) is a rapidly emerging technology that is being used in a variety of healthcare applications, including stroke rehabilitation. VR can provide a safe and immersive environment for stroke survivors to practice their rehabilitation exercises.
• Growing use of robotic therapy in stroke rehabilitation: Robotic therapy is a type of physical therapy that uses robots to help stroke survivors regain their lost abilities. Robotic therapy can be more effective than traditional physical therapy in some cases.
• Focus on personalized rehabilitation: There is a growing focus on personalized rehabilitation in stroke rehabilitation. Personalized rehabilitation is tailored to the individual needs of the stroke survivor. This approach can help to improve the effectiveness of rehabilitation.

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Market Segmentation

The global stroke rehabilitation market is segmented by product, stroke type, end-user, and region.

• By product: The market is segmented into electrical stimulators, robotic therapy, virtual reality, cognitive therapy, and others. Electrical stimulators are the most widely used products in stroke rehabilitation.
• By stroke type: The market is segmented into ischemic stroke and hemorrhagic stroke. Ischemic stroke is the most common type of stroke, accounting for approximately 85% of all strokes.
• By end-user: The market is segmented into hospitals, rehabilitation centers, and homecare settings. Hospitals are the largest end-user of stroke rehabilitation products and services.
• By region: The market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is the largest market for stroke rehabilitation, followed by Europe and Asia-Pacific.

Competitive Landscape

The stroke rehabilitation market is highly competitive, with several global and regional players operating in the industry. Key market players include:

• 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:

Here are some recent developments of companies in the stroke rehabilitation market:

• NeuroMetrix (2022): The company received FDA clearance for its SENSIP Rehabilitation System, a wearable device that uses electrical stimulation to help stroke survivors regain their upper limb function.
• Stroke Therapeutics (2022): The company announced positive results from a Phase 2 clinical trial of its drug, sTGN-101, for the treatment of chronic stroke.
• InTouch Health (2021): The company launched its Virtual Stroke Rehabilitation Program, which provides stroke survivors with access to remote rehabilitation services.
• Rehametrics (2021): The company received FDA clearance for its ReWalk Home Edition, a robotic exoskeleton that helps stroke survivors walk independently.

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Some Key Points From Table of Content

1. Executive Summary

2. Market Overview

3. Key Market Trends

4. Key Success Factors

    4.1. Stroke Incidence Rates

    4.2. Technology Roadmap

    4.3. Regulatory Scenario

    4.4. Product Adoption Rate

    4.5. Key Promotional Strategies By Manufacturers

    4.6. Porter's Analysis

    4.7. PESTEL Analysis

    4.8. Value Chain Analysis

    4.9. List of Capital Devices for the Future of Stroke Rehabilitation

5. Market Background

6. COVID19 Crisis Analysis

..

20. Competition Deep Dive

    20.1. Competition Dashboard

    20.2. Technology Foot-Print, By Competition

    20.3. Competition Benchmarking

    20.4. Competition Deep Dive 

        20.4.1. Penumbra, Inc. (REAL System)

            20.4.1.1. Overview

            20.4.1.2. Service Portfolio

            20.4.1.3. Key Financials

            20.4.1.4. Strategy Overview

            20.4.1.5. SWOT Analysis

Continued..

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Stroke Rehabilitation Industry- https://www.medgadget.com/2023/06/stroke-rehabilitation-market-is-encouraged-to-reach-us-679-6-million-by-2032-penumbra-inc-real-system-saebo-inc-and-more.html

Demand for Stroke Rehabilitation - https://www.globenewswire.com/en/news-release/2023/02/21/2612104/0/en/Stroke-Rehabilitation-Market-Size-to-Surpass-US-679-6-Million-by-2032-at-a-CAGR-of-9-Persistence-Market-Research.html

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