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North America Neurorehabilitation Device Market Forecast 2019-2028

The North America neurorehabilitation device market is estimated to project a CAGR of 15.21% during the forecast period, 2019-2028. The increasing investments in the initiatives, with regard to the prevention and diagnosis of neurodegenerative devices, along with measures taken by the Senate of Canada, are among the primary factors influencing the growth of the market.

The North America neurorehabilitation device market growth analysis encompasses the evaluation of the United States and Canada. Government funding in the research activities, with regard to dementia, is one of the dominating factors stimulating the growth of the market. The Alzheimer Society of Canada states that the numbers of dementia cases are on a constant rise, and it entails both, the male and female population of the country. In 2019, as per the data put forth by the aforementioned society, 5,64,000 Canadians were living with dementia. This is expected to surge further by 2031. Further, it states that the government of Canada spends considerably through the Canadian Institutes of Health Research (CIHR) every year. The funding is for the research and development activities with regard to Alzheimer's therapeutics and diagnosis. There has also been an investment for the awareness of neurodegenerative diseases. The Canada Senate incorporated the order of reference that adjourned authority to the Standing Senate Committee on social affairs, for examining and reporting the prevalence of dementia in the country. Such initiatives are further set to stimulate market growth.

Some of the eminent companies registering their presence in the market include, Bioxtreme, Helius Medical Technologies, Ekso Bionics Holdings Inc, Ectron Limited, Bionik Laboratories Corp, etc.

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North America Neurorehabilitation Device Market Forecast 2019-2028
Published By :Inkwood Research
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