Home Neuro-rehabilitation Devices Market: By Product (Brain-computer Interface, Neurorobotic Systems, Brain Stimulators, Wearable Devices), By Type (Neuro-Robotic Devices, Wearable Devices, Non-Invasive Stimulators, Brain-Computer Interfaces), By Application (Brain & Spinal Cord Injury, Stroke, Multiple Sclerosis, Parkinson’s Disease, Schizophrenia, Others), By End-User (Rehabilitation Centers, Hospitals & Clinics, Home Care) - Forecast 2027
|ID: VPR/HC/1261||Publishing Year: November 2021||Pages: 130||Format:|
Home Neuro-rehabilitation Devices Market Overview:
The global Neuro-rehabilitation Devices Market was valued at $ 145 billion in 2020 and is expected to reach $ 405.3 billion by 2027, registering a CAGR of 15.9% from 2021 to 2028.
In the area of physical therapy, Neuro-rehabilitation devices leverage technological advancement. Most neurological rehabilitation devices aim to make learning or relearning movement skills easier, regardless of the origin of the disability. Non-invasive brain stimulators, neuro-robotic systems, brain-computer interfaces, and wearable devices are all examples of Neuro-rehabilitation technologies.
The increasing standardized incidence rate of neurological diseases is one of the major reasons driving the market for Neuro-rehabilitation devices to expand and demand. Furthermore, during the projected period of 2021 to 2027, fast technology developments and a rise in the worldwide elderly are both contributing to the worldwide Neuro-rehabilitation Devices Market's development. In addition, the rising prevalence of neurological diseases such as Parkinson's disease, stroke, and multiple sclerosis causes mobility impairments in patients, boosting the Neuro-rehabilitation Devices Market's growth. Furthermore, one of the major reasons driving the development of the Neuro-rehabilitation devices market is the fast increase in the elderly population and the effectiveness of gaming systems in Neuro-rehabilitation. Over the projected term, increasing R&D will ensure strong industry development.
Because of the increasing culture of startups and neuroscientists, the Neuro-rehabilitation Devices Market is accessible to a variety of people who wish to make money. Those who have ventured into the Neuro-rehabilitation Devices Market have contributed to the development of this culture and market trends. In fact, patients are now consulting remotely for each of their application parts. As a result, it has provided a landscape for the Neuro-rehabilitation device industry, as well as the chance to work with different people to push the Neuro-rehabilitation Devices Market forward. Parkinson's disease and stroke are the illnesses with the greatest CAGR in terms of application category in the future years. New technologies have been developed in the industry, and businesses are planning to invest in order to expand the Neuro-rehabilitation Devices Market. Furthermore, neuroscience has aided in full recoveries, and businesses are stepping up their efforts to ensure that gadgets are available and that therapies are available at all phases.
In the forecast period of 2021 to 2028, the rising demand for Neuro-rehabilitation due to an increase in the number of neurological disease patients and the development of robotic rehabilitation will also provide substantial development possibilities for the market.
- Ekso Bionics
- Bionik Laboratories Corp.
- Neurostyle Pte Ltd
- Reha Technology AG
- Saebo, Inc.
- Neuro Device Group S.A.
- MindMaze Holding SA
- DIH Technologies Corporation (Hocoma)
- Tyromotion GmbH
- Brain-computer Interface
- Neurorobotic Systems
- Brain Stimulators
- Wearable Devices
- Neuro-Robotic Devices
- Wearable Devices
- Non-Invasive Stimulators
- Brain-Computer Interfaces
- Brain & Spinal Cord Injury
- Multiple Sclerosis
- Parkinson’s Disease
- Rehabilitation Centers
- Hospitals & Clinics
- Home Care
- North America
- Latin America
- Middle East and Africa
Covid-19 Impact on the Neuro-rehabilitation Devices Market
COVID-19 has quickly escalated into a pandemic emergency, wreaking havoc on health systems around the globe. COVID-19 identifies the demand for healthcare in a lot of individuals in a very short amount of time, outpacing the global emergency. Neuro-rehabilitation, also known as Neurological Rehabilitation, is an important component of the healing process for those who have had a brain injury. During this period, a majority of enterprises have been striving hard to offer extra assistance to brain injury sufferers.
Because of the increasing incidence of neurological disorders and the rise in the number of FDA-approved medicines, the neurological disorder medicines market in North America has grown positively during the projected period. Due to the major marketing players and increased emphases on mental health, Europe is regarded as the second-fastest expanding geographical sector. Due to expanding healthcare facilities, a high number of generic manufacturers, and an increase in government efforts and specialized communities, Asia-Pacific dominates the market.
Individual market influencing variables and changes in-laws in the domestic market are also discussed in the nation part of the research, which have an effect on the market's present and future trends. Some of the main indicators utilized to predict the market situation for specific nations are new sales, replacement sales, nation demographics, illness epidemiology, and import-export tariffs. While offering forecast analysis of the national data, the existence and availability of global brands, as well as the difficulties they face owing to significant or limited competition from local and domestic brands, and the effect of sales channels are all taken into account.
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