Neurorehabilitation Devices Market Size to Reach USD 1.40 Billion, With a CAGR of 7.90% by 2032 – Report by Market Research Future

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.

According to MRFR analysis, the global Neurorehabilitation Devices Market is expected to register a CAGR of 7.90% from 2023 to 2032 and hold a value of over USD 1.40 Billion by 2032.

Neurorehabilitation is a field of medicine dedicated to improving the lives of individuals suffering from neurological disorders and injuries, such as stroke, traumatic brain injury, spinal cord injury, and multiple sclerosis. Over the past few decades, significant advancements in neurorehabilitation devices have revolutionized the way patients recover and regain their independence.

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Significant technological advancements and the acceleration of the global population’s aging will both contribute to market expansion during the forecast period. Parkinson’s disease and multiple sclerosis are two neurological disorders that are anticipated to increase in prevalence, limiting patient mobility and driving market expansion.

The increasing demand for neurorehabilitation equipment is one of the key factors driving market expansion. The market for brain rehabilitation equipment is also developing as a consequence of the rapidly rising elderly population and the success of gaming systems in neural rehabilitation. In the foreseeable future, sustained industry expansion will be ensured by accelerated development.

Segmentation

The Neurorehabilitation Devices market segmentation, based on type, includes neuro-robotic devices, wearable medical devices, non-invasive stimulators, and brain-computer interfaces.

The neurorehabilitation devices market segmentation, based on application, includes brain stroke, Parkinson’s disease, multiple sclerosis, spinal cord injury, cerebral palsy, and schizophrenia. 

The neurorehabilitation devices market data has been bifurcated by rehabilitation centers, hospitals & clinics, and home care. 

Key Players

Some of the top market players are Abbott Laboratories (US), Ekso Bionics Holdings Inc (US), Helius Medical Technologies (US), Hocoma AG (Switzerland), And Medtronic, Inc (Ireland)

Regional Analysis

The North American Neurorehabilitation Devices market was valued at USD 6.3 billion and is anticipated to grow at a significant CAGR during the forecast period. This is attributable to the rising prevalence of neurological diseases, the aging population, and the sophisticated and well-equipped healthcare infrastructure.

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The market share of Europe’s Neurorehabilitation Devices market is anticipated to increase over the forecast period, owing to the presence of key players in the region and the rising adoption rate of these services. A larger patient population with neurological disorders will also contribute to regional expansion. Additionally, the German Neurorehabilitation Devices market held the greatest market share, while the British Neurorehabilitation Devices market was the fastest-growing market in Europe.

The Asia-Pacific Neurorehabilitation Devices Market is anticipated to grow at the highest CAGR. The region’s segmental development will be fueled by factors such as an improved healthcare infrastructure, a greater awareness of neurorehabilitation devices, and the increased expansion of prominent participants. Moreover, China held the highest market share for Neurorehabilitation Devices, while India was the fastest-growing market in the Asia-Pacific region.

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