The global demand for Neurorehabilitation Devices Market is presumed to reach the market size of nearly USD 10.6 MN by 2028 from USD 3.55 MN in 2021 with a CAGR of 16.9% under the study period 2022 - 2028.
Neurorehabilitation Devices are technological devices that promote the function and well-being of the nervous system. They also minimize the symptoms of various trauma and disorders related to the nervous system. These devices are used in the brain examination of patients and to release electrical signals to help balance recovery. Examples of neurorehabilitation devices include wearable devices, non-invasive brain stimulators, neuro-robotic systems, etc. These devices are widely used in physiotherapy to ensure the quality of life for patients. For those patients who have experienced a brain injury or stroke, epilepsy, Alzheimer’s disease, dementia, or Parkinson’s disease, this Neurorehabilitation plays an integral role in their recovery. These devices focus on the improvement of the motor skills of patients. These devices help the patients in this process of relearning their limb movements so that they can perform their routine activities efficiently and minimize any functional changes resulting from the central nervous system injury.
Market Dynamics
The growing incidence of neurological disorders such as stroke and others worldwide has increased the number of patients with movement impairment. A progressive treatment option is given for these patients, which includes the restoration of functional movements in patients through these devices. The rising number of elderly people worldwide and the coming of age-related neurological disorders result in an increased number of movement disabilities. This has led to increased demand for efficient neurorehab devices. Certain neurological conditions cannot be cured but can be improved, so in such cases, these devices become very useful for patients. Increasing government investments in research in the healthcare sector contributes to the market growth for these devices. The coming of wearable technology and robotics and the increasing consumer preference for such devices to ensure better computing and monitoring create market opportunities for manufacturing companies. The key players focus on integrating IoT into these robotic devices to help healthcare professionals deliver better assistance to patients through the internet.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of neurorehabilitation devices. The growth and trends of neurorehabilitation devices industry provide a holistic approach to this study.
Market Segmentation
This section of the neurorehabilitation devices market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Products
- Neurorobotics
- Brain-Computer Interface
- Wearable Devices
- Non-Invasive Stimulators
By Therapy Area
- Stroke
- Multiple Sclerosis
- Parkinson’S Disease
- Cerebral Palsy
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Neurorehabilitation Devices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Neurorehabilitation Devices Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the neurorehabilitation devices market include Bioness, Inc., Ectron Ltd., Hocoma AG, Medtronic, and Tyromotion. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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