Neurorehabilitation Devices Market Size to reach USD 5501.54 million by 2032 according to a new research report
Zion Market Research has published a new report titled “Neurorehabilitation Devices Market by Product Type (Neuro-Robotic Devices, Non-Invasive Stimulators, Wearable Devices, and Brain-Computer Interface), by Application (Parkinson’s Disease, Brain Trauma Injury, Spinal Cord Injury, Stroke, Schizophrenia, Cerebral Palsy, and Others), and by End-User (Hospitals/Clinics, Cognitive Care Centers, Research Institutes, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032”
According to the report, The global neurorehabilitation devices market size was worth around USD 2047.18 million in 2023 and is predicted to grow to around USD 5501.54 million by 2032 with a compound annual growth rate (CAGR) of roughly 11.61% between 2024 and 2032.
Neurorehabilitation devices are one of the therapeutic devices used in rehabilitation programs. Neurorehabilitation devices are used for patients suffering from neurological or central nervous system related damages and have lost the ability to perform routine activities due to injuries and diseases, such as traumatic brain injury, multiple sclerosis, epilepsy, Parkinson’s disease, brain tumor, and stroke, among others. The focus of neurorehabilitation is to improve the functioning of the nervous system or to look for new ways to achieve normal function.
The major driver for the global neurorehabilitation devices market is increasing the prevalence of neurological disorders worldwide. Additionally, the growing geriatric population, surge in neurorehabilitation wearables and robotics, a significant rise in neurological diseases, and technological advancements in the neurorehabilitation devices are likely to drive the neurorehabilitation devices market during the forecast time period. However, high prices of the neurorehabilitation devices might hinder the market growth in the future. Additionally, the absence of personalized home care neurorehabilitation devices, insufficient disposable income in developing economies, and inaccessibility of skilled specialists to handle these devices might hamper the market growth. But, growing geriatric population and the prevalence of neurological disorders are projected to increase the demand for neurorehabilitation devices market in the upcoming years.
The neurorehabilitation market focuses on providing rehabilitation therapies and devices to individuals who have experienced neurological injuries or disorders, such as stroke, traumatic brain injury, spinal cord injury, Parkinson's disease, multiple sclerosis, and cerebral palsy. Neurorehabilitation aims to restore or improve functional abilities, enhance quality of life, and promote independence for patients with neurological conditions. Here's an overview of key aspects of the neurorehabilitation market:
Market Overview: The neurorehabilitation market is driven by the increasing prevalence of neurological disorders and injuries, coupled with advancements in rehabilitation technologies and techniques. As the aging population grows and the incidence of chronic neurological conditions rises, the demand for neurorehabilitation services continues to increase globally.
Types of Neurorehabilitation Products and Services: The neurorehabilitation market encompasses a wide range of products and services, including:
Physical Therapy: Rehabilitation exercises, manual therapy, gait training, and mobility aids to improve motor function, strength, balance, and coordination.
Occupational Therapy: Activities of daily living (ADL) training, adaptive equipment, and cognitive rehabilitation to enhance independence and functional abilities.
Speech Therapy: Speech-language pathology services to address communication, swallowing, and cognitive-linguistic impairments.
Assistive Devices: Mobility aids, orthotics, prosthetics, wheelchairs, and other assistive technologies to support mobility and independence.
Neurostimulation Devices: Electrical stimulation devices, such as transcranial magnetic stimulation (TMS) and neuromuscular electrical stimulation (NMES), for promoting neural plasticity and motor recovery.
Robotics and Exoskeletons: Robotic-assisted therapy devices and wearable exoskeletons for gait rehabilitation, upper limb therapy, and motor function training.
Virtual Reality (VR) and Gamification: VR-based rehabilitation systems and gamified therapy platforms for engaging and motivating patients during neurorehabilitation exercises.
The neurorehabilitation devices market is segmented on the basis of product type into neuro-robotic devices, non-invasive stimulators, wearable devices, and brain-computer interface. The neuro-robotics segment was the largest segment of the global neurorehabilitation devices market in 2016, due to the advancements in robotics technology and its combination with neuroscience leading to the emergence of next-generation rehabilitation techniques. By application, the neurorehabilitation devices market is segmented into Parkinson’s disease, brain trauma injury, spinal cord injury, stroke, schizophrenia, cerebral palsy, and others. By end-user, the neurorehabilitation devices market is segmented into hospitals/clinics, research institutes, cognitive care centers, and others.
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the key regional segments of the global neurorehabilitation devices market. North America is projected to dominate the global neurorehabilitation devices market. Rising geriatric population, growing incidences of Alzheimer’s and Parkinson’s disease, and federal governments funding, and the initiatives taken by the Senate of Canada are the key factors contributing toward the growth of this regional market. European neurorehabilitation devices market also has vast potential for expansion, due to the growing product awareness among the patients. The Asia Pacific is also likely to expand at a high rate, owing to awareness related to neurological disorders among people and the growing demand for neurorehabilitation devices across the region.
Neurorehabilitation Devices Market: Competitive Analysis
The global neurorehabilitation devices market is led by players like:
Bionik Labs
Bioxtreme
Denecor
Ectron Ltd.
Ekso Bionics
Helius Medical Technologies
Hocoma AG
MagVenture A/S
Medtronic
Neuro Style
Rehab-Robotics Company Limited
Rehabtronics Inc.
St. Jude Medical Inc.
Tyromotion
This report segments the global neurorehabilitation devices market as follows:
Global Neurorehabilitation Devices Market: By Product Type
Neuro-Robotic Devices
Wearable Devices
Non-Invasive Stimulators
Brain-Computer Interface
Global Neurorehabilitation Devices Market: By Application
Parkinson’s Disease
Spinal Cord Injury
Brain Trauma Injury
Stroke
Cerebral Palsy
Schizophrenia
Others
Global Neurorehabilitation Devices Market: By End-User
Hospitals/Clinics
Cognitive Care Centers
Research Institutes
Others
Global Neurorehabilitation Devices Market: By Region
North AmericaThe U.S.
EuropeUKFranceGermany
Asia PacificChinaJapanIndia
Latin AmericaBrazil
The Middle East and Africa
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