Challenges and Opportunities in Stroke Rehabilitation Market | High Incidence of Ischemic Stroke Driving Demand

The global stroke rehabilitation market was valued at US$ 266.4 Mn in 2021, with a projected CAGR of 9% for the next ten years, which indicates rapid market expansion. As such, revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Mn by the end of 2032.

According to detailed industry analysis by Persistence Market Research, electrical stimulators enjoyed a market value of US$ 188.2 Mn in 2021, accounting for nearly two-fourths of the global market share. Overall, stroke rehabilitation accounted for around 9.4% share of the global neurorehabilitation devices market in 2021.

Stroke rehabilitation is a critical process for individuals who have suffered a stroke and involves various interventions and therapies that aim to help them regain functional abilities and improve their quality of life. The stroke rehabilitation market encompasses a wide range of products and services, including physical therapy, occupational therapy, speech therapy, and assistive devices. With the increasing prevalence of stroke and the rising demand for effective rehabilitation services, the stroke rehabilitation market is expected to grow significantly in the coming years.

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The market is driven by several factors, including the increasing prevalence of stroke, the growing demand for effective rehabilitation services, and the rising adoption of advanced technologies and assistive devices.

The stroke rehabilitation market is segmented by type of therapy, which includes physical therapy, occupational therapy, and speech therapy. Physical therapy is the most commonly used therapy type and is expected to continue dominating the market during the forecast period. However, occupational therapy is expected to witness the highest growth due to the increasing demand for personalized and patient-centric rehabilitation services.

 Companies

• 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..

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Geographically, North America is the largest market for stroke rehabilitation, followed by Europe and Asia-Pacific. The high prevalence of stroke, along with the availability of advanced healthcare facilities and reimbursement policies, is driving the growth of the market in North America. Europe is also a significant market for stroke rehabilitation due to the increasing adoption of technology-enabled rehabilitation services and the growing focus on patient-centric care.

In conclusion, the stroke rehabilitation market is expected to continue growing in the coming years, driven by the increasing prevalence of stroke, rising demand for post-stroke rehabilitation, and the growing adoption of technology-enabled rehabilitation services. Rehabilitation equipment is the largest product segment, but software and services are expected to witness the highest growth. North America is the largest market for stroke rehabilitation, followed by Europe and Asia-Pacific. The market is expected to benefit from the increasing adoption of tele-rehabilitation and virtual reality-based rehabilitation services and the development of personalized rehabilitation plans.

 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.

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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

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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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