Mechanical Type Segment has the Largest Share of Product Type in the South & Central America Gait Rehabilitation System Market during 2021–2028
According to our latest study on “South & Central America Gait Rehabilitation System Market Forecast to 2028 – COVID-19 Impact and Analysis – by Product Type, and End User,” the market is projected to reach US$ 27.1 million by 2028 from US$ 20.3 million in 2021; it is expected to grow at a CAGR of 4.2% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as increasing incidence of neurological disorders, elevating number of sports injuries and orthopedic diseases cases. However, the availability of alternate therapies critically impacts the growth of the market.
The second wave of corona infections affects Brazil, Argentina, Uruguay, Chile, Peru, and Colombia. Among which Brazil recorded the majority of deaths. The region is expected to likely force a second lockdown, ultimately hindering the region's healthcare industry. However, the COVID-19 outbreak has had a critical impact on the flow of medical care in the area. Additionally, the nations are known for medical tourism, which the pandemic has also hit. The second wave of corona infections affects Brazil, Chile, Peru, Argentina, Uruguay, and Colombia. Rehabilitation is a key strategy to ensure that patients do not deteriorate and need to be readmitted again after discharge. During the COVID-19 pandemic, this is crucial given the shortage of hospital beds. Physiotherapists as rehabilitation professionals are frontline medical professionals and should be engaged in caring for patients who have severe COVID-19 cases.
Based on product type, the mechanical type segment is expected to register the largest market share during the forecast period. In 2021, mechanical type segment is estimated to account for the largest market share in the South & Central America gait rehabilitation system market. The growth of this segment is attributed to increasing incidence of neurological disorders, elevating number of sports injuries and orthopedic diseases cases are among the other factors. Moreover, the Computer-aided segment is expected to witness the fastest growth in the in the forecast period owing to rising adoption and preference by patients for automated and robotic assisted therapies.
zebris Medical GmbH, PRODROMUS S.A., Reha Technology AG, DIH Medical, Meditouch, HIWIN Corporation, Restorative Therapies, Inc., Meden-Inmed Sp. z o.o., and Groupe WINNCARE are among the leading companies in the South & Central America gait rehabilitation system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for gait rehabilitation system market is segmented into product type, and end user. Based on product type, the South & Central America gait rehabilitation system market is segmented into mechanical type and computer-aided. Based on end user, the gait rehabilitation system market is segmented into hospitals, rehabilitation centers, clinics, and others. Geographically, the gait rehabilitation system market is segmented into South & Central America (Brazil, Argentina, Rest of South & Central America).
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