LATIN AMERICA NEUROREHABILITATION DEVICES MARKET 2019-2027

Lifesciences | Medical Devices & Consumables

LATIN AMERICA NEUROREHABILITATION DEVICES MARKET 2019-2027

Market By Products, Applications, End-users And Geography | Forecast 2019-2027

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Triton Market Research has concluded that the Latin America neurorehabilitation devices market is projected to grow at a CAGR of 14.69% in the estimated years 2019-2027.

The countries scrutinized in the report on Latin America neurorehabilitation devices market are:

•           Brazil

•           Mexico

•           Rest of Latin America

The neurorehabilitation devices market in the Latin American region is primarily driven by government investments to promote research in Alzheimer’s disease and dementia to deliver new neurological devices along with the rising mortality rates due to Alzheimer’s disease. Furthermore, neurorehabilitation devices are highly used to treat patients with any kind of neurological disorders in the manner of physical therapies and training that helps to shorten the recovery period. As a result, the demand for neurorehabilitation devices would rise which is expected to boost the growth of the neurorehabilitation devices market in Latin America.

In June 2016, the Alzheimer’s Association invested funds of around $84 million in 400 active projects which included Latin American countries. The main goal of this investment was to deliver new and advanced devices to treat neurological disorders such as Alzheimer’s and dementia. These funding would support researches and advancements in devices to treat neurological disorders which are expected to positively influence the growth of the market in Latin America during the projected years.

Technological advancement in neurorehabilitation devices is adding to the growth of the market. Constant technological advancements are leading towards the introduction and commercialization of novel products and boosting the market growth. The growing usage of wearables & robotics for neurorehabilitation is driving the market for neurorehabilitation devices. Wearables for neurorehabilitation assist the patients with neurological disorders as well as researchers and medical professionals by precisely tracking the patient movement. However, the high treatment costs of neurorehabilitation are one of the biggest factors impeding the neurorehabilitation devices market growth during the forecasting years. Also, the scarcity of skilled & trained professionals in this field is expected to hamper the growth of the market over the forecasting period. 

The biggest brands in the neurorehabilitation devices market are Kinova Robotics, Bioxtreme Robotics Rehabilitation, Medtronic, Inc., Neurostyle Pte, Ltd., St. Jude Medical, Inc. (acquired by Abbott Laboratories), Hocoma AG, Kinestica, Ectron Limited, Ekso Bionics Holdings, Inc. and Helius Medical Technologies.      

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Table of Content

1.    NEUROREHABILITATION DEVICES MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. PORTER’S FIVE FORCES OUTLOOK

2.2.1.   THREAT OF NEW ENTRANTS

2.2.2.   THREAT OF SUBSTITUTE PRODUCTS

2.2.3.   BARGAINING POWER OF BUYER

2.2.4.   BARGAINING POWER OF SUPPLIER

2.2.5.   INTENSITY OF COMPETITIVE RIVALRY

2.3. ETYMOLOGY OF NEUROREHABILITATION DEVICES

2.4. KEY INSIGHTS

2.5. SUPPLY CHAIN OUTLOOK

2.6. KEY BUYING OUTLOOK

2.7. MARKET DRIVERS

2.7.1.   TECHNOLOGICAL ADVANCEMENTS

2.7.2.   RISING WEARABLES AND ROBOTICS FOR NEUROREHABILITATION

2.7.3.   RISING PREVALENCE OF NEUROLOGICAL DISEASES

2.8. MARKET RESTRAINTS

2.8.1.   COST OF TREATMENT IS SIGNIFICANTLY HIGH

2.8.2.   LACK OF SKILLED AND TRAINED PROFESSIONALS

2.9. MARKET OPPORTUNITIES

2.9.1.   OCCURRENCE OF NEUROLOGICAL DISORDER IS HIGH IN DEVELOPED ECONOMIES

2.10.            MARKET CHALLENGES

2.10.1.                STRINGENT REGULATIONS

3.    NEUROREHABILITATION DEVICES MARKET OUTLOOK - BY PRODUCTS

3.1.1.   NEURO-ROBOTIC SYSTEMS

3.1.2.   BRAIN-COMPUTER INTERFACE

3.1.3.   NON-INVASIVE STIMULATORS

3.1.4.   WEARABLE DEVICES

4.    NEUROREHABILITATION DEVICES MARKET OUTLOOK - BY APPLICATIONS

4.1.1.   CEREBRAL PALSY

4.1.2.   PARKINSON’S DISEASE

4.1.3.   SPINAL CORD INJURY

4.1.4.   TRAUMATIC BRAIN INJURY

4.1.5.   STROKE

5.    NEUROREHABILITATION DEVICES MARKET OUTLOOK - BY END-USERS

5.1.1.   COGNITIVE CARE CENTERS

5.1.2.   HOSPITALS/CLINICS

5.1.3.   RESEARCH INSTITUTES

5.1.4.   OTHER END-USERS

6.    NEUROREHABILITATION DEVICES MARKET - REGIONAL OUTLOOK

6.1. LATIN AMERICA

6.1.1.   COUNTRY ANALYSIS

6.1.1.1.      BRAZIL

6.1.1.2.      MEXICO

6.1.1.3.      REST OF LATIN AMERICA

7.    COMPETITIVE LANDSCAPE

7.1. BIOXTREME ROBOTICS REHABILITATION

7.2. ECTRON LIMITED

7.3. EKSO BIONICS HOLDINGS, INC.

7.4. HELIUS MEDICAL TECHNOLOGIES

7.5. HOCOMA AG

7.6. KINESTICA

7.7. KINOVA ROBOTICS

7.8. MEDTRONIC, INC.

7.9. NEUROSTYLE PTE, LTD.

7.10.            ST. JUDE MEDICAL, INC. (ACQUIRED BY ABBOTT LABORATORIES)

8.    METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of table

TABLE 1        LATIN AMERICA NEUROREHABILITATION DEVICES MARKET 2019-2027 ($ MILLION)                                                                  

TABLE 2        LATIN AMERICA NEUROREHABILITATION DEVICES MARKET BY PRODUCTS 2019-2027 ($ MILLION)                                                                 

TABLE 3        LATIN AMERICA NEUROREHABILITATION DEVICES MARKET BY APPLICATIONS 2019-2027 ($ MILLION)                                                                 

TABLE 4        LATIN AMERICA NEUROREHABILITATION DEVICES MARKET BY END-USERS 2019-2027 ($ MILLION)                                                                 

TABLE 5        LATIN AMERICA NEUROREHABILITATION DEVICES MARKET BY COUNTRY 2019-2027 ($ MILLION)                              

List of Figures

FIGURE 1      LATIN AMERICA NEUROREHABILITATION DEVICES MARKET 2019-2027 ($ MILLION)                                                                  

FIGURE 2      NUMBER OF ELDERLY PEOPLE IN LATIN AMERICA (IN MILLION)

FIGURE 3      LATIN AMERICA NEUROREHABILITATION DEVICES MARKET IN NEURO-ROBOTIC SYSTEMS 2019-2027 ($ MILLION)                                                  

FIGURE 4      LATIN AMERICA NEUROREHABILITATION DEVICES MARKET IN BRAIN COMPUTER INTERFACE 2019-2027 ($ MILLION)                                                     

FIGURE 5      LATIN AMERICA NEUROREHABILITATION DEVICES MARKET IN NON-INVASIVE STIMULATORS 2019-2027 ($ MILLION)                                                

FIGURE 6      LATIN AMERICA NEUROREHABILITATION DEVICES MARKET IN WEARABLE DEVICES 2019-2027 ($ MILLION)                                                                      

FIGURE 7      LATIN AMERICA NEUROREHABILITATION DEVICES MARKET IN CEREBRAL PALSY 2019-2027 ($ MILLION)                                                               

FIGURE 8      LATIN AMERICA NEUROREHABILITATION DEVICES MARKET IN PARKINSON'S DISEASE 2019-2027 ($ MILLION)                                                                       

FIGURE 9      LATIN AMERICA NEUROREHABILITATION DEVICES MARKET IN SPINAL CORD INJURY 2019-2027 ($ MILLION)                                                              

FIGURE 10   LATIN AMERICA NEUROREHABILITATION DEVICES MARKET IN TRAUMATIC BRAIN INJURY 2019-2027 ($ MILLION)                                                            

FIGURE 11   LATIN AMERICA NEUROREHABILITATION DEVICES MARKET IN STROKE 2019-2027 ($ MILLION)                                                               

FIGURE 12   LATIN AMERICA NEUROREHABILITATION DEVICES MARKET IN COGNITIVE CARE CENTERS 2019-2027 ($ MILLION)                                                         

FIGURE 13   LATIN AMERICA NEUROREHABILITATION DEVICES MARKET IN HOSPITALS/CLINICS 2019-2027 ($ MILLION)                                                             

FIGURE 14   LATIN AMERICA NEUROREHABILITATION DEVICES MARKET IN RESEARCH INSTITUTES 2019-2027 ($ MILLION)                                                                 

FIGURE 15   LATIN AMERICA NEUROREHABILITATION DEVICES MARKET IN OTHER END-USERS 2019-2027 ($ MILLION)                                                              

FIGURE 16   BRAZIL NEUROREHABILITATION DEVICES MARKET 2019-2027 ($ MILLION)                                                             

FIGURE 17   MEXICO NEUROREHABILITATION DEVICES MARKET 2019-2027 ($ MILLION)                                                                       

FIGURE 18   REST OF LATIN AMERICA NEUROREHABILITATION DEVICES MARKET 2019-2027 ($ MILLION)

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