Eurorehabilitation Devices Market Is Expected To Reach A Market Valuation Of US$ 2.3 Billion By 2026

The global neurorehabilitation devices market is slated to expand at an impressive CAGR of 15% during the forecast period from 2022 to 2026. At the moment, the global neurorehabilitation devices market is valued at US$ 1.3 billion and is predicted to attain a market valuation of US$ 2.3 billion by 2026.

Neurorehabilitation devices target to improve a patient's brain function by curing the harm caused by a neurological disease or injury. To achieve this, neurorehabilitation devices tap into the patient's central nervous system and transmit required electrical signals to the spinal cord.

Key factors leading the growth in the neurorehabilitation devices market are increasing cases of neurological diseases such as cerebral palsy, Parkinson's disease, multiple sclerosis, brain stroke, spinal cord injury, traumatic brain injury, and others. Additionally, people are more aware of such diseases than ever before, leading them to seek medical attention. Henceforth, boosting demand in the neurorehabilitation devices market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7600?PS

Moreover, rising prevalence of movement-related neurological disabilities, which need sophisticated neurorehabilitation devices is another factor augmenting the demand in the market. Subsequently, increasing investments and funds for developing new technological solutions in several healthcare organizations to cure neurological disorders will also boost the demand. In addition, authorities have eased the regulatory hurdles for neurological devices, which is expected to further help growth in this market.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:

• Based on product type, brain computer interface segment accounts for almost one-fourth of the global market share for the neurorehabilitation devices market.
• Nearly 45% of neurorehabilitation devices market sales to be contributed by neurorobotic systems.
• Based on application, the stroke segment is anticipated to witness fastest growth in the market.
• The U.S. is expected to be the most lucrative market on the back of rising adoption of neurorehabilitation devices for neuro critical care in hospitals
• China is expected to vanguard the sales in East Asia market, with sales projected to surge at a prolific 20% CAGR over the forecast period.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

• Accelerating innovations in robotics and neurorehabilitation technology are driving growth in this market.
• Rising incidence of neurological disorders around the world is boosting demand in the neurorehabilitation devices market.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7600?PS

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Key players in the neurorehabilitation devices market are consistently trying to improve their products and come up with new technologies to meet the increased demand. Some of the leading healthcare companies are also focused on obtaining regulatory clearances and are involved in merger and acquisition activities.

𝐅𝐨𝐫 𝐞𝐱𝐚𝐦𝐩𝐥𝐞:

In 2022, to enhance the creation of technologically advanced brain-computer interface solutions, Blackrock Neurotech acquired MindX. By combining its hardware DNA with MindX's software DNA, Blackrock aimed to improve its neural data analysis and offer flexibility and modification for numerous BCI applications.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐛𝐲 𝐅𝐚𝐜𝐭.𝐌𝐑

• Neofect
• AlterG, Inc.
• Eodyne
• Kinestica
• Hocoma AG
• Abbott Laboratories
• Medtronic plc
• Biometrics Ltd.
• Bioness Inc.
• BIONIK Laboratories Corp.
• Boston Scientific Corporation
• Ekso Bionics Holdings Inc.

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐍𝐞𝐮𝐫𝐨𝐫𝐞𝐡𝐚𝐛𝐢𝐥𝐢𝐭𝐚𝐭𝐢𝐨𝐧 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

In the latest study, Fact.MR offers a detailed study on global neurorehabilitation devices market for the forecast period of 2022 to 2026. This study also highlights key drivers promoting the sales of neurorehabilitation devices through detailed segmentation as follows:

By Product:

Neurorobotic Systems
Brain Computer Interface
Wearable Devices
Brain Stimulators

By Application:

Stroke
Parkinson's Disease
Brain & Spinal Cord Injury
Cerebral Palsy
Multiple Sclerosis
Others

By End User:

Rehabilitation Centers
Hospitals & Clinics
Home Care
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐍𝐞𝐮𝐫𝐨𝐫𝐞𝐡𝐚𝐛𝐢𝐥𝐢𝐭𝐚𝐭𝐢𝐨𝐧 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭

• What is the projected value of the neurorehabilitation devices market in 2022?
• At what rate will the global neurorehabilitation devices market grow until 2026?
• Which are the factors hampering the growth in the neurorehabilitation devices market?
• Which region is expected to lead in the global neurorehabilitation devices market during 2022-2026?
• Which are the factors driving the neurorehabilitation devices market during the forecast period?
• What is the expected market value of the neurorehabilitation devices market during the forecast period?

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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𝐀𝐛𝐨𝐮𝐭 𝐅𝐚𝐜𝐭. 𝐌𝐑
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical, and materials, to even the most niche categories.

This release was published on openPR.