Global Neurorehabilitation Devices Market, By Product Type (Neurorobotic Systems, Wearable Devices, Brain-computer Interface, Brain Stimulators), Application (Stroke, Multiple Sclerosis, Parkinson’s Disease, Cerebral Palsy, Brain and Spinal Cord Injury, Others), End User (Rehabilitation Centers, Hospitals and Clinics, Home Care, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Neurorehabilitation Devices
Neurorehabilitation devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 4,040.18 million by 2028 and will grow at a CAGR of 13.12% in the above mentioned forecast period.
Neurorehabilitation devices engage the use of technology within the field of physiotherapy. Regardless of of the cause of impairment, most neurological rehabilitation devices intend to ease learning or relearning of motor skills. Neurorehabilitation devices comprise non-invasive brain stimulators, neurorobotic systems, brain-computer interfaces and wearable devices.
The rising prevalence and incidence rate of neurological disorders is amongst the important factors intensifying the growth and demand of neurorehabilitation devices market. In addition, the rapid technological advancements and rapid increase in geriatric population across the world are also contributing to the growth in the global market over the forecast period of 2021 to 2028. Also the increasing incidence of neurological conditions including Parkinson’s disease, stroke and multiple sclerosis leads to movement disabilities in patients which are also enhancing the growth of the market. Furthermore, the rapid surge in the geriatric population and the efficiency of the gaming systems in neurorehabilitation are also one of the significant factors fueling the growth of the neurorehabilitation devices market. Increasing R&D will make sure high industry growth over the forecast period.
The high demand for neurorehabilitation owing to the increasing number of neurological disorder cases and emergence of robotic rehabilitation are also offering significant growth opportunities for the market in the forecast period of 2021 to 2028.
However, the unavailability of personalized home care neurorehabilitation devices as well as inadequate disposable income in developing countries will curb the growth of the neurorehabilitation devices market, whereas the strict regulatory policies and growing requirements of skilled professionals have the potential to challenge the growth of the neurorehabilitation devices market.
This neurorehabilitation devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on neurorehabilitation devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Neurorehabilitation Devices Market Scope and Market Size
Neurorehabilitation devices market is segmented on the basis of product type, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the neurorehabilitation devices market is segmented into neurorobotic systems, wearable devices, brain-computer interface and brain stimulators. Brain stimulators have further been segmented into non-invasive stimulators and invasive stimulators.
- On the basis of application, the neurorehabilitation devices market is segmented into stroke, multiple sclerosis, Parkinson’s disease, cerebral palsy, brain and spinal cord injury and others.
- The end user segment of neurorehabilitation devices market is segmented into rehabilitation centers, hospitals and clinics, home care and others.
Neurorehabilitation Devices Market Country Level Analysis
Neurorehabilitation devices market is analyzed and market size insights and trends are provided by country, product type, application and end user as referenced above.
The countries covered in the neurorehabilitation devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the neurorehabilitation devices market owing to the rising prevalence rate of neurological diseases, growing geriatric population and complicated and equipped healthcare infrastructure within the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rising patient base with neurological disorders and better healthcare infrastructure within this particular region.
The country section of the neurorehabilitation devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Neurorehabilitation devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for neurorehabilitation devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the neurorehabilitation devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Neurorehabilitation Devices Market Share Analysis
Neurorehabilitation devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to neurorehabilitation devices market.
The major players covered in the neurorehabilitation devices market report are Biometrics Ltd, Bioness Inc., BIONIK, Neofect, BioXtreme, Ectron Limited, Ekso Bionics, Hocoma, Kinestica, Abbott, NEURO REHAB VR, Rex Bionics Ltd, ReWalks Robotics, Kinova Inc., Tyromotion GmbH, Helius Medical Technologies, Eodyne, Reha Technology AG, Medtronic, and Saebo, Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.