San Francisco, 11
April , Neurorehabilitation
Devices Market By Products (Neurorobotics, Brain-Computer Interface, Wearable
Devices, Noninvasive Stimulators), By Therapy Area (Stroke, Multiple Sclerosis,
Parkinson’s Disease, Cerebral Palsy, Others - Brain And Spinal Cord Injury),
And Segment Forecasts To 2024 .
The
global neuro rehabilitationdevices market in 2015 was valued at USD 915.1
million and is estimated to reach USD 3.2 billion by 2024. Around 1 billion
people are suffering from neurological disorders across the globe. These
neurological disorders are resulting in increased movement disabilities. The
increasing prevalence of movement disability, attributed to various
neurological disorders (multiple sclerosis, stroke, etc) along with need for
comprehensive management is the key factors driving the market growth.
Every year around 15 million
people suffer from stroke globally, of which 5 million people are affected by
permanent disability. Each year Multiple sclerosis and Parkinson’s disease
affect 2.5 million and 10 million patients respectively worldwide. The
increasing prevalence and incidence rates of neurological disorders create a
huge demand for neurorehab devices, as they ensure simplification of routine
tasks for the disabled patients by reducing their dependency on others.
Furthermore, the rising
awareness of neurorehab services among the care providers is contributing to
the increasing adoption of these devices. In addition, consistent technological
advancements are leading to introduction and commercialization of novel
products in this sector. Majority of the manufacturers and distributors of
neurorehab platforms are headquartered in North America region. North America
dominates the market followed by Europe attributed to the rising awareness and
increased adoption of novel technologies in these regions. Asia Pacific is
growing at the highest CAGR among all the regions due to increasing target
population and improving healthcare infrastructure.
Despite fluctuating economic
conditions across different geographical regions coupled with the respective
regulatory pressures, the companies offering neurorehab devices and services
are exhibiting adaptability and efficacy. Some of the key market players are
Bioness, Inc., Ectron Ltd., Hocoma AG, Medtronic, and Tyromotion.
Collaborations for novel product development and strengthening of distribution
networks constitute some of the strategic initiatives implemented by key
players. For instance, Ectron Ltd. has collaborated with Bioness, Inc. and
Tyromotion for distribution of their products across different geographical
regions.
Access Full Research
Report On Neurorehabilitation Devices Market Analysis:
Further Key Findings from the Study Suggest:
·
Neurorobotics is expected to be
one of the most lucrative segments in the coming years owing to the high
availability of exoskeletons and prosthetics targeted for treating movement
disabilities. Bioness, Inc. and Hocoma AG are few of the key manufacturers of
exoskeletons and prosthetics.
·
Consistent technological
sophistications in brain stimulations and machine learning brain-computer
interface segment is expected to develop tremendously.
·
Non invasive stimulators have
the potential to modulate brain plasticity. In February 2016, USFDA approved
Medtronic’s brain stimulation therapy in the treatment of Parkinson’s disease.
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Grand View Research has segmented the
neurorehabilitation devices market by products, therapy area, and region:
Products Outlook (Market
revenue in USD Million, 2013 - 2024)
·
Neurorobotics
·
Brain-computer interface
·
Wearable devices
·
Non-invasive Stimulators
Therapy Area Outlook (Market
Revenue in USD Million, 2013 - 2024)
·
Stroke
·
Multiple Sclerosis
·
Parkinson’s Disease
·
Cerebral Palsy
·
Others
Regional Outlook (Market
Revenue in USD Million, 2013 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Mexico
o
Brazil
·
Middle East and Africa
o
South Africa
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-neurorehabilitation-devices-market
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
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