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Neurorehabilitation Devices Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Neurorehabilitation Devices
What Is the Projected Growth of the Neurorehabilitation Devices Market?
In recent times, there has been a swift expansion in the size of the neurorehabilitation devices market. It is projected to increase from $1.85 billion in 2024 to $2.07 billion in 2025, experiencing a compound annual growth rate (CAGR) of 11.9%. Factors like an aging population, rising instances of neurodegenerative diseases, heightened awareness, regulatory authorizations, and advancements in research and development have contributed to the growth during the historic period.
The market for neurorehabilitation devices is projected to witness an exponential surge in the coming years, with its worth escalating to $3.21 billion in 2029 at a CAGR of 11.6%. Factors propelling growth for the predicted period are heightened healthcare investments, enhanced healthcare professional education, telemedicine growth, expansion of specialty clinics, and enhanced patient outcomes. Emerging trends, during this period, will be governed by developments in technology, the melding of artificial intelligence and robotics with neurorehabilitation devices, wearable devices in neurorehabilitation, and real-time data facilitating continuous monitoring.
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What Are the Different Neurorehabilitation Devices Market Segments?
The neurorehabilitation devices market covered in this report is segmented -
1) By Product: Neurorobotics, Brain-Computer Interface, Wearable Devices, Non-Invasive Stimulators, Other Products
2) By Application: Stroke, Parkinson's Disease, Brain And Spinal Cord Injury, Cerebral Palsy, Multiple Sclerosis, Other Applications
3) By End User: Rehabilitation Centers, Hospitals And Clinics, Home Care, Other End Users
Subsegments:
1) By Neurorobotics: Robotic Exoskeletons, Robotic Rehabilitation Devices, Assistive Robots For Gait Training
2) By Brain-Computer Interface: Invasive Brain-Computer Interfaces, Non-Invasive Brain-Computer Interfaces, Hybrid Brain-Computer Interfaces
3) By Wearable Devices: Smart Gloves, Smart Sensors, Exosuits and Wearable Robotics
4) By Non-Invasive Stimulators: Transcranial Magnetic Stimulation (TMS) Devices, Transcranial Direct Current Stimulation (tDCS) Devices, Functional Electrical Stimulation (FES) Devices
5) By Other Products: Virtual Reality Rehabilitation Systems, Software Platforms For Neurorehabilitation, Cognitive Training Devices
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What Are the Primary Drivers Shaping the Neurorehabilitation Devices Market?
The surge in the occurrence of neurological disorders is anticipated to fuel the expansion of the neurorehabilitation devices market in the future. There is a growing trend in neurological disease cases due to numerous factors such as an aging population, enhanced diagnostics, greater awareness, as well as stress and mental health issues. Neurorehabilitation devices are employed in treating neurological illnesses by assisting in the reestablishment of motor, cognitive, and sensory functionalities through specific therapies and stimulation. For example, the World Federation of Neurology, a UK-based organization for neurologists and neurology worldwide, stated in October 2023 that over 40% of the global populace is currently suffering from some sort of neurological disorder, with projections indicating that this figure could potentially double by 2050. Moreover, according to the UK Parliament, the governing body in the UK, in September 2021, approximately one in six UK residents live with at least one neurological disorder, with around 600,000 new diagnoses each year. Consequently, the escalating incidence of neurological disorders is leading to the expansion of the neurorehabilitation devices market.
Which Companies Are Leading in the Neurorehabilitation Devices Market?
Major companies operating in the neurorehabilitation devices market are ReWalk Robotics Ltd., Ottobock SE & Co. KGaA, Helius Medical Technologies Inc., Bioventus LLC, Bioness Inc., Neofect Co. Ltd., Tyromotion GmbH, Ekso Bionics Holdings Inc., Reha Technology AG, Ectron Ltd., Biometrics Ltd., BioXtreme Ltd., Eodyne LLC, Kinestica Inc., Medimotion, Motus Nova, NeuroGym, NeuroMetrix Inc., Rehab-Robotics Company Limited, Rex Bionics Ltd., Saebo Inc., Bionik Laboratories Corp
What Are the Major Trends Shaping the Alcohol Based Disinfectants Market?
Key players in the neurorehabilitation devices market are concentrating on creating innovative products, like hyper-sensitive controllers to improve accuracy and patient engagement during rehabilitation therapies. A hyper-sensitive controller is a component or system constructed to react with great sensitivity to the movements, intentions or neural signals of a user. For instance, in February 2023, MindMaze, a Swiss firm specializing in digital neurotherapeutics (DTx) solutions, introduced Izar, a novel smart peripheral device aimed at improving hand motor function in individuals with neurological disorders like stroke and Parkinson's disease. This sophisticated, portable gadget enhances hand agility and strength by accurately spotting fine grasp forces and wrist movements, enabling precise training and evaluation. Izar caters to both in-clinic and at-home self-training, addressing a crucial requirement in neurological rehabilitation.
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What Are the Top Revenue-Generating Geographies in the Neurorehabilitation Devices Market?
North America was the largest region in the neurorehabilitation devices market in 2024. The regions covered in the neurorehabilitation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Neurorehabilitation Devices Market?
2. What is the CAGR expected in the Neurorehabilitation Devices Market?
3. What Are the Key Innovations Transforming the Neurorehabilitation Devices Industry?
4. Which Region Is Leading the Neurorehabilitation Devices Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the neurorehabilitation devices market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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