Market by Product, Application, End-user, and Country | Forecast 2019-2028
According to Triton, the neurorehabilitation device market in Latin America is expected to proliferate with a CAGR of 13.22% in the forecast period of 2019-2028.
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The
countries analyzed in this market are:
• Brazil
• Mexico
• Rest of Latin America nations
Latin
America's neurorehabilitation device market is driven primarily by the growing
mortality rates due to Alzheimer's disease. This growth is being supported by
government investments aimed at promoting research on AD and dementia, so as to
deliver new neurological devices.
As
per the World Health Organization (WHO), there is a high prevalence of
Alzheimer's disease in Mexico, at 7.3%, with 27.3 per 1,000 people being
affected by the disease per year. Further, as per studies, the prevalence of AD
is higher in Mexican women, and their risk of developing the disease is
increased due to CVD, metabolic syndrome, or depression. It is estimated that,
by 2050, 3.5 million elderly people in Mexico will have been affected by
Alzheimer's disease. This is expected to majorly raise the demand for
neurorehabilitation devices in the nation.
The
National Institute of Geriatrics from Mexico's health ministry has released
proposals for a national plan on Alzheimer's and other dementias. This plan is
aimed at promoting the well-being of patients affected by AD, as well as their
families. This will be done by strengthening the nation's healthcare system and
obtaining the support of other responsible institutions.
The
Dementia Plan, launched in 2014, has a significantly wide scope. It focuses on
strategies ensuring access to high-quality services, efficient diagnosis, and
the treatment of those affected by the disease. For this purpose, it is working
towards training specific and sufficient human resources, raising research on
dementia, and providing long-term care in the end stages of dementia. Such
factors are found driving the Mexican neurorehabilitation device market.
Reha Technology AG is a medical device company that is
engaged in the designing, manufacturing, and distribution of robotic-assisted
devices for the rehabilitation of people affected by neurological movement
disorders. The company has built a global distributor network and has future
plans for expansion in Latin America.
1. LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. PORTER’S
FIVE FORCES MODEL
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTE PRODUCTS
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. COMPETITIVE
RIVALRY
2.3. SUPPLY
CHAIN OUTLOOK
2.4. IMPACT
OF CORONAVIRUS ON NEUROREHABILITATION DEVICE MARKET
2.5. ETYMOLOGY
OF NEUROREHABILITATION DEVICE
2.6. KEY
IMPACT ANALYSIS
2.7. MARKET
ATTRACTIVENESS INDEX
2.8. KEY
INSIGHTS
2.9. MARKET
DRIVERS
2.9.1. RISE
IN GERIATRIC POPULATION
2.9.2. GROWING
EMERGENCE OF NEUROREHABILITATION WEARABLES AND ROBOTICS
2.9.3. RISING
PREVALENCE OF NEUROLOGICAL DISEASES
2.10. MARKET RESTRAINTS
2.10.1. LACK OF SKILLED WORKFORCE TO
TREAT AND MANAGE NEUROLOGICAL DISEASES
2.10.2. HIGH COST OF TREATMENT
2.11. MARKET OPPORTUNITIES
2.11.1. ADVANCEMENTS IN TECHNOLOGY
2.11.2. RISING INCIDENCE OF
NEUROLOGICAL DISORDERS IN DEVELOPING ECONOMIES
2.12. MARKET CHALLENGES
2.12.1. STRINGENT GOVERNMENT
REGULATIONS
3. NEUREHABILITATION
DEVICE MARKET OUTLOOK - BY PRODUCT
3.1. NEURO-ROBOTIC
SYSTEM
3.2. BRAIN-COMPUTER
INTERFACE
3.3. WEARABLE
DEVICE
3.4. NON-INVASIVE
STIMULATOR
3.5. OTHER
PRODUCTS
4. NEUREHABILITATION
DEVICE MARKET OUTLOOK - BY APPLICATION
4.1. STROKE
4.2. CEREBRAL
PALSY
4.3. PARKINSON’S
DISEASE
4.4. MULTIPLE
SCLEROSIS
4.5. OTHER
APPLICATIONS
5. NEUREHABILITATION
DEVICE MARKET OUTLOOK - BY END-USER
5.1. HOSPITAL/CLINIC
5.2. RESEARCH
INSTITUTE
5.3. COGNITIVE
CARE CENTER
5.4. OTHER
END-USER
6. NEUREHABILITATION
DEVICE MARKET – LATIN AMERICA
6.1. COUNTRY
ANALYSIS
6.1.1. MEXICO
6.1.2. BRAZIL
6.1.3. REST
OF LATIN AMERICA
7. COMPANY
PROFILES
7.1. BIONIK
LABORATORIES CORP
7.2. TYROMOTION
GMBH
7.3. BIOXTREME
7.4. ECTRON
LIMITED
7.5. KINOVA
7.6. ABBOTT
LABORATORIES
7.7. BIOMETRICS
LTD
7.8. REHA
TECHNOLOGY AG
7.9. MEDTRONIC
INC
7.10. HELIUS MEDICAL TECHNOLOGIES
7.11. HOKOMA AG
7.12. \KINESTICA
7.13. SAEBO
7.14. NEUROSTYLE PTE LTD
7.15. EKSO BIONICS HOLDINGS INC
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.1.1. OBJECTIVES
OF STUDY
8.1.2. SCOPE
OF STUDY
8.2. SOURCES
OF DATA
8.2.1. PRIMARY
DATA SOURCES
8.2.2. SECONDARY
DATA SOURCES
8.3. RESEARCH
METHODOLOGY
8.3.1. EVALUATION
OF PROPOSED MARKET
8.3.2. IDENTIFICATION
OF DATA SOURCES
8.3.3. ASSESSMENT
OF MARKET DETERMINANTS
8.3.4. DATA
COLLECTION
8.3.5. DATA
VALIDATION & ANALYSIS
TABLE
1 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE
2 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY PRODUCT, 2019-2028 (IN $ MILLION)
TABLE
3 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE
4 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 5 LATIN AMERICA NEUROREHABILITATION DEVICE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
FIGURE
1 LATIN AMERICA NEUROREHABILITATION
MARKET 2019-2028 (IN $ MILLION)
FIGURE
2 SUPPLY CHAIN OUTLOOK FOR
NEUROREHABILITATION MARKET
FIGURE
3 ETYMOLOGY OF NEUROREHABILITATION
DEVICE MARKET
FIGURE
4 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY NEURO-ROBOTIC SYSTEM, 2019-2028 (IN $ MILLION)
FIGURE
5 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY BRAIN-COMPUTER INTERFACE, 2019-2028 (IN $ MILLION)
FIGURE
6 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY WEARABLE DEVICE, 2019-2028 (IN $ MILLION)
FIGURE
7 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY NON-INVASIVE STIMULATOR, 2019-2028 (IN $ MILLION)
FIGURE
8 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY OTHER PRODUCTS, 2019-2028 (IN $ MILLION)
FIGURE
9 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY STROKE, 2019-2028 (IN $ MILLION)
FIGURE
10 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY CEREBRAL PALSY, 2019-2028 (IN $ MILLION)
FIGURE
11 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY PARKINSON’S DISEASE, 2019-2028 (IN $ MILLION)
FIGURE
12 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY MULTIPLE SCLEROSIS, 2019-2028 (IN $ MILLION)
FIGURE
13 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY OTHER APPLICATIONS, 2019-2028 (IN $ MILLION)
FIGURE
14 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY HOSPITAL/CLINIC, 2019-2028 (IN $ MILLION)
FIGURE
15 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY RESEARCH INSTITUTE, 2019-2028 (IN $ MILLION)
FIGURE
16 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY COGNITIVE CARE CENTER, 2019-2028 (IN $ MILLION)
FIGURE
17 LATIN AMERICA NEUROREHABILITATION
DEVICE MARKET, BY OTHER END-USER, 2019-2028 (IN $ MILLION)
FIGURE
18 MEXICO NEUROREHABILITATION MARKET
2019-2028 (IN $ MILLION)
FIGURE
19 BRAZIL NEUROREHABILITATION MARKET
2019-2028 (IN $ MILLION)
FIGURE
20 REST OF LATIN AMERICA
NEUROREHABILITATION MARKET 2019-2028 (IN $ MILLION)