Press release
Neurorehabilitation Devices Market Size, Share, Growth, Emerging Trends, Demands by Regional Forecast to 2027
Market OverviewThe Neurorehabilitation Devices Market will successfully witness a value of $ 793 million and a strong CAGR of 16.4 % in the forecast period by 2027. The neurorehabilitation device used this technique in the physiotherapy field. Most of the neurological rehabilitation devices are intended to facilitating the learning or relearning of the motor skills regardless their cause of disability. The neurorehabilitation devices include the neurorobotics systems, invasive brain stimulators, wearable devices and brain computer interfaces. The key drivers for the growth and demand of neurorehabilitation equipment are the increase in the prevalence and incidence of the neurological disorders.
During the forecast period, the growth of the global neurorehabilitation devices market was contributed through the rapid advancement in technology and growth of the aging population around the world. The growth of the neurorehabilitation devices market and the patient mobility get limited by the increase in the incidence of the neurological disorders such as stroke, Parkinson's disease and multiple sclerosis. The growth of the global neurorehabilitation devices market was also driven by the rapid growth of elderly population and efficiency of gaming systems in neural rehabilitation.
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During the forecast period, the increase rate of development guaranteed about the high growth of the industry. Over the forecast period, the increased number of cases of the neurological disorders and increase in the demand of the neurological rehabilitation provide the significant growth opportunities due to the emergence of the robotic rehabilitation. The patients who undergone some brain injury, the neurological rehabilitation was a very crucial part for the process of the recovery. The growth of the global
neurorehabilitation devices market was restraint by the factors such as lack of skilled specialists, severe regulations and high cost of the treatment.
The global neurorehabilitation devices market faces the major challenges at the time of growth such as non-sufficient epidemiological studies and government pay less attention towards the services of rehab. As the neurological disorder cases was increasing in number, there was a profitable growth in the global neurorehabilitation devices market.
Market Segmentation
The global neurorehabilitation devices market was segmented on the basis of type, application and end user.
On the basis of type, the global neurorehabilitation devices market was divided into Brain Computer Interfaces, Neuro Robotic Devices, Non-Invasive Stimulators and Wearable Devices.
On the basis of application, the global neurorehabilitation devices market was divided into Schizophrenia, Brain Stroke, Cerebral Palsy, Parkinson's Disease, Spinal Cord Injury and Multiple Sclerosis.
On the basis of end user, the global neurorehabilitation devices market was divided into Home Care, Rehabilitation Centers and Hospitals & Clinics.
Regional Classification
The global neurorehabilitation devices market was spread in the following regions - North America includes United States (US) & Canada; Europe includes United Kingdom (UK), Italy, France, Germany, Poland, Belgium & Russia; Asia Pacific includes India, New Zealand, Australia, South Korea, China, Thailand, Japan, Vietnam, & Indonesia; Latin America; Middle East and Africa.
Competitive Landscape
The key players involved in the global neurorehabilitation devices market are - Hocoma AG, Abbott Laboratories, Medtronic Inc., Ekso Bionics Holdings Inc., Helius Medical Technologies and Others.
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