LATIN AMERICA NEUROREHABILITATION DEVICE MARKET 2019-2028

Lifesciences | Medical Devices & Consumables

LATIN AMERICA NEUROREHABILITATION DEVICE MARKET 2019-2028

Market by Product, Application, End-user, and Country | Forecast 2019-2028

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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.

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Table of Content

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

List of table

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)

List of Figures

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)

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