Neurorehabilitation Market
Our focus is on stroke recovery, resulting in both of our devices falling under the neurorehabilitation market. The market for neurorehabilitation devices is expanding and is expected to grow at an annual rate of 15.50% over the period of 2016 to 2024. This will lead to a market value of USD 3.2 billion by the end of that period in 2024. The market for rehabilitation equipment is expanding due to the increasing incidence of disabilities resulting from non-communicable diseases, favorable healthcare reforms, and rapid growth in the geriatric population, coupled with the rising prevalence of chronic disease.
How Will We Profit?
Our devices will cost $50 for the smart resistance band and $35 for the smart finger exerciser.In order to make a profit on our devices we plan to sell our devices with a subscription based app. We will have two different subscriptions; personal user subscriptions for $5 per month and a clinical subscription for $25 per month. They provide the same services except the clinical subscription allows for multiple patients/users. The subscription plans are outlined below.