Neurorehabilitation Devices Market Share 2021: Global Trends, Key Players And Industry Growth Analysis

Precision Business Insights published a research report on “Global Neurorehabilitation Devices Market: By Product Type (Non-invasive Stimulators, Wearable Devices, Neurorobotic System, Brain-computer Interface), By Disease Type (Brain Stroke, Parkinson’s Disease, Cerebral Palsy, Traumatic Brain Injury, Others), By End-User (Hospitals, Clinics, Ambulatory Surgical Centers), and Geography- Global/Region/Country Forecast to 2027”. Global neurorehabilitation devices market valued USD 1.1 Billion in the year 2020 and anticipated to value at USD 2.57 billion till 2027 witnessing a CAGR rate of 12.9% during the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and --other qualitative sections with an in-depth TOC on “Global Neurorehabilitation Devices Market: By Product Type (Non-invasive Stimulators, Wearable Devices, Neurorobotic System, Brain-computer Interface), By Disease Type (Brain Stroke, Parkinson’s Disease, Cerebral Palsy, Traumatic Brain Injury, Others), By End-User (Hospitals, Clinics, Ambulatory Surgical Centers), and Geography- Global/Region/Country Forecast to 2027”.

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Growing R&D to Introduce Novel Products will Fuel the Global Neurorehabilitation Devices Market
Neurorehabiliation procedure involves recovering the injury caused to nervous system and make non-functional nervous system into functional nervous system. This medical procedure greatly helps to improve the well-being of the person. Neurorehanilitation devices help in treating brain injury, Parkinson’s disease, stroke recovery, cerebral palsy and multiple sclerosis.

Technological developments in the neurorehabilitation devices, increasing cases of neurological illnesses like brain injury and Parkinson’s illness, (nearly 1, 30,000 fatal stroke cases recorded every year as per the record given by Centers for Disease Control and Prevention), approving reimbursement policies and growing inclination towards minimally invasive procedures are expected to impel the growth of the neurorehabilitation devies market over the forecast time span. Furthermore, growing healthcare expenditure, and growing research and development to innovate novel products, developments in robotic surgery are projected to drive the neurorehabilitation devices market over the estimated duration. On the other hand, there are some factors, which can impede the neurorehabilitation devices market growth over the predicted years.

Neurorehabilitation Devices Market – Regional Analysis
On the basis of regional analysis, global market is categorized into major regions such as Asia Pacific, North America, Africa, Middle East, Europe and Latin America. North America in neurorehabilitation devices market is witnessing considerable growth due to the presence of capable professionals as well as advanced healthcare infrastructure in the region. Uniqueness of novel devices and growing adoption of new novel devices are the factors lead Europe neurorehabilitation devices market towards profitable growth. Asia Pacific neurorehabilitation devices market covers important growth prospects because of growing ageing population and increasing healthcare expenditure in the region.

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Neurorehabilitation Devices Market – Competitive Analysis
There are several key players working in the neurorehabilitation devices market such as Medtronic plc (Ireland), Abbott Laboratories (U.S.), Hocoma AG (DIH International Ltd.) (Switzerland), Ekso Bionics Holding Inc. (U.S.), Interactive Motion Technologies (U.S.), Tyromotion (Austria), Bioxtreme Robotics Rehabilitation (Israel), Civitas Solutions (U.S.) and Neurostyle Pte Ltd. (Singapore). Civitas Solution obtained Mentis Neuro Rehabilitation, LLC to expand the business in neurorehabilitation devices in October 2017. Key players in the market aim at developing innovative products along with new technologies like robotics, nanotechnology, a few non-invasive technologies and wearable technology to obtain huge market share. Furthermore, key players also focus on adopting some strategies like collaborations, mergers, acquisitions and new product launches to gain huge profits in neurorehabilitation devices market.

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