Neurorehabilitation Devices Market Share is Anticipated to Surpass USD 1.40 Billion Rising at a 7.90% CAGR by 2032
Research Reports
Aug 21, 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 2032
The neurorehabilitation devices market is expected to reach USD 1.40 billion by 2032 at 7.90% CAGR during the forecast period 20223-2032. Neurorehabilitation devices are used to help people with neurological disorders regain their lost functions. They come in a variety of forms, including robotic-assisted training, virtual reality, functional electrostimulation, and non-invasive brain stimulation. These devices can help to improve mobility, strength, coordination, and cognitive function. They can also help to reduce pain and spasticity.
The use of neurorehabilitation devices is growing rapidly, as new technologies are being developed all the time. These devices have the potential to greatly improve the lives of people with neurological disorders, and they are an important part of the future of neurorehabilitation.
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Competitive Outlook
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)
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.
Regional Analysis
North America is one of the leading markets for neurorehabilitation devices. The region has a well-established healthcare infrastructure and advanced technologies, which contribute to the growth of the market. The presence of major players in the region, along with increasing investments in research and development, drives market growth. Additionally, a high prevalence of neurological disorders and favorable reimbursement policies further propel the market.
Browse In-depth Market Research Report (115 Pages) on Neurorehabilitation Devices: https://www.marketresearchfuture.com/reports/neurorehabilitation-devices-market-2210
Europe is another significant market for neurorehabilitation devices. The region has a large patient population suffering from neurological disorders, such as stroke, multiple sclerosis, and Parkinson’s disease. The presence of a well-developed healthcare system, increasing awareness about rehabilitation therapies, and supportive government initiatives drive the demand for neurorehabilitation devices. Additionally, collaborations between research institutions, universities, and medical device companies contribute to market growth.
The Asia Pacific region is experiencing rapid growth in the neurorehabilitation devices market. Factors such as a large population base, rising disposable income, and increasing healthcare expenditure are driving the demand for neurorehabilitation devices in countries like China, India, and Japan. The prevalence of neurological disorders is also increasing in the region, which creates a significant market opportunity. Moreover, the adoption of advanced technologies and expanding healthcare infrastructure support the market growth in this region.
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