Stroke Assistive Devices: Market Dynamics
Growing innovation and funding in neuromuscular & stroke rehabilitation, availability of high-tech and effective stroke assistive devices such as wearable wirelessly controlled rehabilitation device in the market, and growing population of stroke patients owing to increasing incidence of neuromuscular disorders and stroke across the globe is expected to be the key factor driving growth of stroke assistive devices market.
Rapid increase in physical disabilities caused due to increasing prevalence of disorders including spinal cord injury, rheumatoid arthritis, cerebral palsy and additional ageing disabilities is further expected to surge the demand for robotic rehabilitation and stroke-assistive technologies.
Thus, the demand for stroke assistive devices has registered an upsurge, thereby generating more revenues in stroke assistive devices market. Also, growing mergers and acquisitions among the leading players in order to increase their geographical footprint is another factor propelling the growth of stroke assistive devices market.
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However, lack of awareness among the people about new robotic technologies to assist stroke affected patient, particularly in the emerging economies, coupled with high cost of assistive technologies and robotic rehabilitation are some of the factors restraining the stroke assistive devices market growth.
Stroke Assistive Devices Market: Region-wise Outlook
On the basis of geography, global stroke assistive devices market is segmented into seven key regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa. Europe is projected to hold largest shares in the global stroke assistive devices market primarily due to increasing prevalence of disabilities in the region owing to growing incidence of stroke and neuromuscular disorders, enhanced healthcare infrastructure and increased R&D expenditure for manufacturing stroke-assistive devices.
In Russia, about 13 million people are registered to live with certain post-stroke disabilities, constituting around 9% of the total Russian population. North America followed by Western Europe is expected to be the second dominating region in global stroke assistive devices market worldwide.
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Stroke Assistive Devices Market: Key Players
Some of the key players present in global stroke assistive devices market are AnthroTronix, Inc., ReWalk Robotics, Mazor Robotics Ltd., Intuitive Surgical Inc., Interactive Motion Technologies, Bioxtreme Robotics Rehabilitation, Accuray, Inc., Health Robotics S.R.L., Ekso Bionics Holdings, Inc., and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Stroke Assistive Devices Market: Segmentation
The global stroke assistive devices market is segmented by device type and end user:
Segmentation by Device Type
- Mobility Devices
- Wheelchairs
- Mobility Scooters
- Walkers and Rollators
- Cranes and Crutches
- Transfer Lifts
- Others
- Robotic Aids
- Robotic Exoskeletons
- Stroke-Rehabilitation Gloves
- Robotic Gait Trainers
- Medical and Bathroom Assistive Devices
- Shower Chairs and Tub Benches
- Toilet Seats and Bedside Commodes
- Other Bathing/Dressing Aids
- Ostomy Products
- Medical Beds
- Reading and Vision Aids
- Hearing Devices
Segmentation by End User
- Hospitals
- Specialty Clinics
- Physiotherapy Centers
- Ambulatory Surgical Centers
- Home Care Settings
- Others
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