Smart injury prevention and rehabilitation devices are type of smart medical devices. Smart medical devices are electronic devices with independent processing system. These devices are used to regularly monitor and diagnose various parameters of health and fitness. These are portable electronic devices, have own processing system and memory to store data. These have sensors to diagnose and monitor the activity and exchange data. These devices help physicians to detect various diseases from different vital signs of body and to monitor chronic diseases such as hypertension and diabetes. Smart medical devices also help individuals to keep track of health and fitness without visiting hospitals and physician clinics. These devices reduce the workload of a health care provider by tracking patient health remotely and take quick action on available data.
Smart injury prevention and rehabilitation devices are segmented into body motion devices, fall detection devices, and others. Fall detection devices have larger market share than body motion devices. After an injury, there may be muscle weakness, loss of function, joint stiffness, etc. These can be cured through rehabilitation using devices that would help in improving functions and reducing pain. Rehabilitation is the restoration of optimal form and function of body. Based on end-user, the smart injury prevention and rehabilitation devices market has been categorized into hospitals, clinics, home care settings, and others end-users such as industrial, institutions, academics, and nursing facility.
Technological advancements in the field of injury prevention devices resulting in new and innovative products that increases the user friendly usage. Rising geriatric population, increasing sport injuries, technological innovation in devices, favorable insurance and reimbursement policies, and rising per capita health care expenditure are anticipated to drive the global smart injury prevention and rehabilitation devices market. According to WHO estimates, the global geriatric population is likely to reach around 2 billion i.e., 22% of global population, by 2050. This is likely to fuel the smart injury prevention and rehabilitation devices market. However, high cost associated with the devices acts as restraint of the global smart injury prevention and rehabilitation devices market.
According to the Centers for Disease Control and Prevention, childhood unintentional injuries are the leading cause of death among children aged between 1 year and 19 years, representing nearly 40% of all deaths in this age group. Each year, an estimated 8.7 million children and teens from birth to age 19 are treated in emergency departments (EDs) for unintentional injuries and over 9,000 (one every hour) die as a result of their injuries. Common causes of fatal and nonfatal unintentional childhood injuries include drowning, falls, fires or burns, poisoning, suffocation, and transportation-related injuries. Injuries claim the lives of 25 children every day. Every year, nearly 9 million children aged 0 to 19 are treated for injuries in emergency departments and more than 225,000 require hospitalization at a cost of around US$ 87 Bn in medical and societal costs related to childhood injuries.
Based on region, the global smart injury prevention and rehabilitation devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for significant share of the global injury prevention and rehabilitation devices market followed by Europe. This is attributed to high prevalence of sport and unintentional injuries, increasing health care expenditure leading to increase in demand for better medical devices and health care services, and number of technological advancements in the field smart injury prevention and rehabilitation devices access. Asia Pacific is likely to report higher growth rate in the next few years. High emphasis on spreading awareness about female health in Latin America and Middle East & Africa is anticipated to fuel the growth of the global smart injury prevention and rehabilitation devices market.
Major players operating in the global smart injury prevention and rehabilitation devices market include Rehab-Robotics Company Limited, AlterG, Inc., Ekso Bionics, Hocoma, Bionik Laboratories, Kinestica, and ASICS Corporation. Technological advancement in the field of smart injury prevention and rehabilitation devices to reduce rehabilitation time as well as to prevent injuries is targeted by major players.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.