Neurorehabilitation Devices Market is Expected to Reach 4 billion by 2025 with Key Players Bioness Inc., Hocoma AG, Tyromotion GmbH, St. Jude Medical, Inc. (Acquired by Abbott Laboratories Inc.), Medtronic plc and Bionik Laboratories Corp

Industry Trend Analysis
The global neurorehabilitation devices market is expected to be around 4 billion by 2025. The market is primarily driven by factors such as increasing incidence of neurological diseases such as stroke, Parkinson’s disease and Alzheimer disease. The increasing incidence of stroke can also be attributed to the rising demand for neurorehabilitation devices. As per the data revealed by the Center for Disease Control and Prevention (CDC) in May 2017, over 795,000 cases of stroke are reported every year in the U.S., of which around 610,000 cases are of first stroke. With continuous technological advancements, novel techniques for treating neurological disorders have been introduced in the market, which are further contributing to the growth of neurorehabilitation devices market around the world. However, factors such as dearth of skilled technicians to handle sophisticated neurorehabilitation devices and high costs of neurorehabilitation devices can restrain the growth of global neurorehabilitation devices market during the forecast period.

Product Outlook and Trend Analysis
Neurorobotics segment held the largest share of the global neurorehabilitation devices market in 2016 owing to the recent advancements in this field in the form of prosthetics and exoskeletons along with the ability to combine neuroscience and robotics to deliver effective neurological rehabilitation. Exoskeletons assist patients suffering from neurological disorders to enhance their motor performance by allowing them to achieve selective control over movement of joints. The level of assistance provided by exoskeletons can be adjusted according to the patient’s needs. Such advanced rehabilitation devices are revolutionizing the field of neurorehabilitation in a significant manner.

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Application Outlook and Trend Analysis
Stroke is one of the major neurological disorders leading to physical disabilities among the patients. Typically there are two types of strokes viz. ischaemic strokes and hemorrhagic strokes. Ischaemic strokes occur due to cutting or blockage of blood supply to the brain. Hemorrhagic strokes occur when a blood vessel ruptures within the brain or on its surface. Majority of the instances of strokes are ischaemic in nature. According to the stroke statistics published in January 2016 by the Stroke Association, UK, nearly 152,000 incidences of stroke are reported every year in the UK that is one incidence every 3 minutes and 27 seconds. Almost 17 million incidences of first-time occurrence of stroke are reported every year worldwide. With such significant incidence, the stroke segment is expected to witness favorable growth during the forecast period.

Regional Outlook and Trend Analysis
North America held the largest share of the global neurorehabilitation devices market in 2016 owing to factors such as increasing geriatric population, increasing incidence of neurological disorders, especially stroke, and availability of advanced healthcare infrastructure in the region. Asia-Pacific neurorehabilitation devices market is expected to register lucrative growth during the forecast period owing to high incidence of neurological disorders resulting from road accidents and presence of highly unmet medical needs of the population in emerging countries such as India and China.

Competitive Analysis
Product development is one of the major strategies adopted by the leading players operating in the global neurorehabilitation devices market in order to design and develop advanced products intended for effective rehabilitation and in turn secure a larger share of the market. For instance, in February 2017, Bioness, Inc., one of the leading providers of rehabilitation therapies, obtained FDA clearance for its L300 Go system, the first functional electric stimulation system which offers 3D motion detection of gait events along with muscle activation using data from an accelerometer and a 3-axis gyroscope. Some of the key players operating in the global neurorehabilitation devices market are, Bioness Inc., Hocoma AG, Tyromotion GmbH, St. Jude Medical, Inc. (Acquired by Abbott Laboratories Inc.), Medtronic plc, AlterG, Inc., Ekso Bionics Holdings, Inc., Biometrics Ltd, , Kinova Robotics, Saebo, Inc., Kinestica and Bionik Laboratories Corp.

Market Opportunities
The future growth opportunities for global neurorehabilitation devices market lie in the development and commercialization of technologically advanced rehabilitation solutions specifically targeted towards treating distinct neurological disorders in a shorter time span with improved results. Increased investment in research and development activities by key market players will facilitate such product development.

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Neurorehabilitation Devices Market Segmentation:
By Product:
Non-Invasive Stimulators
Wearable Devices
Neurorobotics
Brain-computer Interface

By Application:
Traumatic Brain Injury
Stroke
Spinal Cord Injury
Cerebral Palsy
Parkinson’s Disease
Other Applications

By Region:
• North America
o U.S
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia-Pacific
• Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o Turkey
o United Arab Emirates
o Others

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Some of the key questions answered by the report are:
• What was the market size in 2016 and forecast from 2017 to 2025?
• What will be the industry market growth from 2017 to 2025?
• What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
• What are the major segments leading the market growth and why?
• Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

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