Stroke assistive devices market is predicted to reach USD 0.36 billion at a CAGR of 7.2% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Stroke assistive devices market”.


The stroke assistive devices market is estimated to register a CAGR of 7.2% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global stroke assistive devices market— AnthroTronix (US), ReWalk Robotics (Israel), Bionik Laboratories (US), Saebo (US), Ekso Bionics (US), Bioxtreme Robotics Rehibilitation (Israel), Mazor Robotics Ltd. (Israel), Intuitive Surgical Inc. (US), Interactive Motion Technologies (US), and Accuray, Inc. (US).


Market Highlights


The global stroke assistive devices market is accounted for to register a CAGR of 7.2% during the forecast period and is estimated to reach USD 0.36 billion by 2032.


Assistive technology devices include locomotion aids such as canes, walkers, and wheelchairs, as well as a wide range of other technologies for accommodating functional limitations caused by a disabling condition such as stroke. They have the potential to reduce residual disability, slow functional declines, reduce health-care costs, and lower the burden of care.


The market has been driven by several factors, such as increasing prevalence of stroke disorders, rising awareness about stroke assistive devices, and increasing rehabilitation centers. However, delayed regulatory approvals restrain the market's growth. Nonetheless, increased public and private sector investment creates more lucrative growth opportunities for market development.


Segment Analysis


The global stroke assistive devices market has been segmented based on type, application, and distribution channel.


On the basis of type, the market is segmented into mobility assistive devices, fixed assistive devices, communication devices, and cognitive devices. The mobility assistive devices segment held the majority share in 2022 due to the mobility assistive devices improved mobility enable patients to perform their daily task independently.


Based on application, the global stroke assistive devices market has been segmented into hospitals, specialty clinics, physiotherapy centers, ambulatory surgical centers, home care settings, rehabilitation centers, and others. The home care settings segment held the largest market share in 2022. Patients prefer to get treatment at home to avoid the risks associated with hospitalization. In addition, the rising geriatric population and the increasing prevalence of strokes are likely to fuel the demand for stroke assistive devices for home care settings.


On the basis of the distribution channel, the market is segmented into direct sales, online sales, retail pharmacies, and medical stores. The retail pharmacies segment held the largest market share during the forecast period owing to the availability of proficient medical staff which can provide proper knowledge about the application of the products and their use.


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Regional Analysis


The global stroke assistive devices market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Stroke assistive devices market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The stroke assistive devices market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Stroke assistive devices market comprises of Middle East, Africa, and Latin America.


Factors such as superior infrastructure and rising geriatric population are expected to increase the demand for stroke assistive devices in North America.


Moreover, factors such as the due to the availability of advanced medical facilities, rising research and development, and increasing incidence of stroke, possibly leading to the growth of the stroke assistive devices industry across the European region.


Additionally, the growing incidence of stroke, increasing awareness regarding advanced technologies, and rising geriatric population are the major factors driving market growth in the Asia-Pacific region.


Furthermore, the rest of the world included the Middle East, Africa, and Latin America. Latin America holds the largest market share in the stroke assistive devices market. This is due to the advancing healthcare infrastructure and growing awareness.


Key Findings of the Study



  • The global stroke assistive devices market is expected to reach USD 0.36 billion by 2032, at a CAGR of 7.2% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market, owing to the growing incidence of stroke and rising geriatric population.

  • Based on application, the home care settings segment was attributed to holding the largest market in 2022.

  • AnthroTronix (US), ReWalk Robotics (Israel), Bionik Laboratories (US), Saebo (US), Ekso Bionics (US) are the key market players.

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