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North America Quadriplegia Care Devices Market 2022
North America Quadriplegia Care Devices Market is bound to witness a CAGR of 5.4% and US$ 741 Mn between 2021-2031. The current scenario is such that technology is making inroads into the healthcare vertical, which is, in turn, reducing the cumbersome, in-person interactions with the caregiver. Telehealth is expected to outlive physical meetings in the forecast period. This would be the state of the healthcare vertical going forward.
As per Persistence Market Research’s latest industry analysis, the North America quadriplegia care devices market recorded sales worth US$ 414.5 Mn in the year 2020, and is set to expand at a CAGR of 5.4% over the forecast period (2021-2031).
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Increasing cases of sport-related injuries, including football, wrestling, gymnastics, diving, and surfing, have led to physical disabilities, and are positively impacting demand for quadriplegia care devices.
After car accidents, falls are the second-most common cause of quadriplegia due to spinal cord injuries. It can also occur as a result of strain on the spinal cord in people with a history of malignancy.
Technology has introduced a new paradigm in devices that are connected to a patient’s body pressure or mobility-paralyzed patient. Artificial Intelligence has helped physically-disabled patients do their work independently. This emergence and acceptance of new technology by hospitals and paralyzed patients is expected to drive market expansion.
FES bikes are supercomputer products that have low-level electrical pulses that are transmitted through surface electrodes to the leg muscles for momentum.
FES systems are used for on-demand control of the paralyzed bladder and bowel. This emerging trend with functional electrical stimulation technology devices such as FES bikes, FreeHand, and Parastep will drive the growth of the quadriplegia care devices market.
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Key Takeaways from Market Study?
“Increasing incidence of spinal injuries due to road accidents and sports injuries will boost demand for quadriplegia care devices in North America over the years,” says an analyst of Persistence Market Research.
Key manufacturers are investing in innovative, cost-effective, and user-friendly quadriplegia care devices to gain the attention of healthcare providers.
Additionally, companies are also aiming for various collaborations to create goodwill and successfully market their products.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the North America quadriplegia care devices market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031.
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Key Questions Answered in the North America Quadriplegia Care Devices Market Report
How is the North America Quadriplegia Care Devices Market expected to grow over the projected period?
What direction is the North America Quadriplegia Care Devices Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the North America Quadriplegia Care Devices Market in future?
What are the key market drivers in the North America Quadriplegia Care Devices Market?
What are significant opportunities and improvement areas for North America Quadriplegia Care Devices Market manufacturers?
What are the key developments and trends taking over the North America Quadriplegia Care Devices Market?
Which are the emerging countries that are expected to create significant growth opportunities in the North America Quadriplegia Care Devices Market?
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