Neurorehabilitation Devices Market Share Projected to Surpass a Valuation of USD 1.2 Billion by 2030 Growing at a 7.90% CAGR
Research Reports
Jul 17, 2023
Neurorehabilitation Devices Market Research Report Information By Type (Neuro-Robotic Devices, Wearable Devices, Non-Invasive Stimulators, and Brain-Computer Interfaces), By Application (Brain Stroke, Parkinson’s Disease, Multiple Sclerosis, Spinal Cord Injury, Cerebral Palsy, and Schizophrenia), By End-User (Rehabilitation Centers, Hospitals & Clinics, and Home Care) – Market Forecast Till 2030
According to MRFR analysis, the global neurorehabilitation devices market is expected to register a CAGR of 7.90% from 2022to 2030 and hold a value of over USD 1.2 billion by 2030.
The global neurorehabilitation devices market refers to the worldwide market for medical devices used in the rehabilitation and treatment of individuals with neurological disorders or injuries. The market encompasses both diagnostic and therapeutic devices and is driven by factors such as the increasing prevalence of neurological disorders, advances in technology, and the growing demand for effective rehabilitation options.
The COVID-19 pandemic had a significant impact on the global neurorehabilitation devices market. One of the major impacts has been a disruption in the supply chain due to restrictions on manufacturing, shipping, and logistics. This has led to delays in the delivery of products and a shortage of certain devices.
Another impact has been a decline in demand for non-essential medical procedures and devices, as healthcare resources have been redirected towards treating COVID-19 patients.
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Competitive Outlooks
Some of the key market players are:
- Abbott Laboratories (US)
- Ekso Bionics Holdings Inc (US)
- Helius Medical Technologies (US)
- Hocoma AG (Switzerland)
- Medtronic Inc (Ireland)
- BioScience Managers Ltd
- Ekso Bionics Holdings Inc
- Neuro Rehab VR
- ReWalk Robotics Ltd
Market Segmentation
The Global Neurorehabilitation Devices has been segmented into type, application and end use.
Based on the type, the market has been segmented into brain-computer interface, neurorobotics, wearable devices, non-invasive stimulator.
Based on the application, the market has been segmented into stroke, traumatic brain injury, spinal cord injury and Parkinson’s disease.
Based on the end use, the market has been segmented into rehabilitation centers, hospitals and clinics and home care.
Browse In-depth Market Research Report (115 Pages) on Neurorehabilitation Devices: https://www.marketresearchfuture.com/reports/neurorehabilitation-devices-market-2210
Regional Analysis
North America is currently the largest region of the global neurorehabilitation devices market, accounting for a significant share of the market revenue. This is due to several factors, including a large population of individuals with neurological disorders, a well-established healthcare infrastructure, and high levels of healthcare spending.
The United States is the largest market within North America, with a significant share of the global neurorehabilitation devices market. This is due to factors such as a high prevalence of neurological disorders, a strong focus on research and development in the healthcare sector, and a favorable regulatory environment.
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