The market for Neurorehabilitation Devices is expected register an exponential growth by reaching ~ 2.25 Billion in 2022 with a striking CAGR.
The Global Neurorehabilitation Devices Market is growing with the rapid pace; mainly due the burgeoning Healthcare Sector and the rising prevalence of neurological disorders.
According to a recent study report published by the Market Research Future, The global Neurorehabilitation Devices Market is booming and expected to gain prominence over the forecasted period. The Market is estimated to demonstrate a huge growth by 2023, surpassing its previous growth records in terms of value & volume.
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The global Neurorehabilitation Devices Market is predominantly driven by increasing prevalence of neurological disorders and government funding. Heavy investments transpired in to the field of R&D by the manufacturers to develop advent devices provides impetus to the market growth.
Rehabilitation of cognitive function involves methods for recalibrating neural pathways or training new neural pathways to improve cognitive functioning that has been weakened by trauma or other neurological disorders. The recent advancements in the technology can make a significant improvement in the recovery of the patients suffered from the head injury, stroke, spinal cord injury and some neurological conditions such as Parkinson’s disease. Some of the big companies in the business are employing robotics in the rehabilitation technologies in order to enhance the scope of the rehab process.
Neuro-rehabilitation services are essential in reducing post-stroke impairments, enhancing independence, and improving recovery in hospital and post-discharge. However these services are therapist-dependent and resource intensive. Patients’ disengagement and boredom in stroke units are common which adversely affect functional and psychological outcomes. Novel techniques such as use of iPads are increasingly researched to overcome such challenges.
In January 2017, a student research team conducted a study to determine the feasibility, effectiveness, acceptability, and barriers to the use of iPads in stroke neuro-rehabilitation. Studies were included in accordance with the review selection criteria. The majority of the studies focused on iPads use in speech and language therapy. Although of small scale, the studies highlighted that iPads are feasible, have the potential to improve rehabilitation outcomes, and can improve patient’s social isolation. Patients’ stroke severity and financial limitations are some of the barriers highlighted in this review. This review presents preliminary data supportive for the use of iPad technology in stroke neuro-rehabilitation. However, further research is needed to determine impact on rehabilitation goals acquisition, clinical efficacy, and cost-efficiency.
Competitive Analysis:
Some of the key players in this market are: Bioness, Inc., Bionik Labs, Bioxtreme, Denecor, Ectron Ltd., Ekso Bionics, Helius Medical Technologies, Hocoma AG, MagVenture A/S, Medtronic, Neuro Style, Rehab-Robotics Company Limited, Rehabtronics Inc., St Jude Medical Inc., Tyromotion, and others.
Neurorehabilitation Devices Market – Regional Analysis
Globally America is the largest market for neurorehabilitation devices eventually contributing to the growth of North America Market. Europe is the second-largest market. Furthermore Asia-Pacific market is expected to be the fastest growing market for neurorehabilitation devices. However high cost associated with the purchase and implementation of these devices is impeding the adoption of Neurorehabilitation Devices in APAC Market.
MRFR Analysis indicates that the grand growth of North America and Europe Market is attributed to the augmented prevalence of neurological disorders, Technological advancement, increasing awareness of populace towards neurorehabilitation devices and centers, and the accessibility to the state of art healthcare infrastructure.
Brief TOC
- Introduction
- Research Methodology
- Market Dynamics
- Market Factor Analysis
- Global Neurorehabilitation Devices Market, By Product Type
- Global Neurorehabilitation Devices Market, By Application
- Global Neurorehabilitation Devices Market, By End User
- Global Neurorehabilitation Devices Market, By Region
- Competitive Landscape
- Company Profile
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