Neurorehabilitation Devices Market Outlook to 2030: Emerging Trends and Will Generate New Growth Opportunities Status

Neurorehabilitation devices market is estimated to be over US$ 1.5 Billion in 2019. It is anticipated to grow at ~15% CAGR from 2019 to 2030.

In case of neurological disorders, there are often physical and mental limitations which require individualized concepts to enable safe and effective implementation of the training and rehabilitation programs. Wide scale adoption of robot-assisted devices is observed in neurorehabilitation for supporting and controlling the required movements to restore normal functionality of body.  The latest development in robotics includes wearable robots adapted to the human body, which helps in precise adapted support for physical movements. Moreover, increasing prevalence of neurological disorder is contributing in the market growth. For instance, according to Alzheimer’s Association, by 2050 the number of people age 65 and older with Alzheimer’s dementia will grow to a projected 13.8 million. However, the lack of technicality and ease of usage of these devices along with shortage of personalized home care equipped with neurorehabilitation devices hinders the growth of neurorehabilitation devices market to a certain extent during the forecast period.

Major Key Players of the Neurorehabilitation Devices Market are:
Medtronic, Ectron, Abbott, Boston Scientific Corporation, Ekso Bionics, MagVenture, Inc., Hocoma, Neuro Style, Neofect, and Tyromotion GmbH among others.

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Rising geriatric population suffering with several neurological disorders is on rise which in turn is attributed to the growth of the market. The most common neurological disorders encountered in aging population are strokes, neuropathy, Alzheimer’s disease and Parkinson’s disease. For instance, according to the Parkinson’s Foundation Prevalence Project it is estimated that by 2020, around 930,000 people in the United States will be suffering with Parkinson’s disease. The number is predicted to rise to 1.2 million by 2030. Neurorehabilitation a non-pharmaceutical treatment provides training for behavioral adaptations which can assist patients to cope better with their motor and non-motor symptoms observed during Parkinson’s disease.

The Neurorehabilitation Devices Market is segmented on the basis of Types, Application and region.

Major Types of Neurorehabilitation Devices Market covered are:

• Neurorobotic Systems
• Non-invasive Stimulators
• Wearable Devices
• Brain-computer Interface

Major Applications of Neurorehabilitation Devices Market covered are:

• Brain Stroke
• Spinal Cord Injury
• Parkinson’s Disease
• Cerebral Palsy
• Brain Trauma Injury

Several developmental strategies such as product launches, collaborations, mergers and acquisitions by key players are essentially driving the growth of neurorehabilitation devices market. For instance, in January 2020, Ectron announced partnership with MAG & More for developing strong and reliable stimulators to offer right solution for customer’s individual requirements. Similarly, Ectron in November, 2019 entered in partnership with Fesia Technology for expanding its product range by providing Fesia Walk a latest functional electrical stimulation solution for foot drop which helps the patients to improve their walking pattern. Moreover, key players are focusing on launching several novel neurorehabilitation devices. For instance in 2019, Ekso Bionics released its latest neurorehabilitation suit, the EksoNR designed primarily for helping people to recover from a stroke, by recreating the natural movement of the legs.

Research objectives:-

– To study and analyze the global Neurorehabilitation Devices consumption (value & volume) by key regions/countries, product type and application, history data.

– To understand the structure of the Neurorehabilitation Devices market by identifying its various sub-segments.

– Focuses on the key global Neurorehabilitation Devices manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.

– To analyze the Neurorehabilitation Devices with respect to individual growth trends, future prospects, and their contribution to the total market.

– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Contents

1. INTRODUCTION
   1. Market Definition
   2. Market Classification
   3. Geographic Scope
   4. Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecasted Years – 2019 to 2030
   5. Currency Used
2. RESEARCH METHODOLOGY
   1. Research Framework
   2. Data Collection Technique
   3. Data Sources
   4. Market Estimation Methodology
   5. Data Validation and Triangulation
3. ABSTRACT OF THE STUDY
4. MARKET DYNAMICS ASSESMENT
   1. Overview
   2. Drivers
   3. Barriers/Challenges
   4. Opportunities
5. GLOBAL NEUROREHABILITATION DEVICES MARKET – ANALYSIS & FORECAST, BY PRODUCT TYPE
   1. Neurorobotic Systems
   2. Non-invasive Stimulators
   3. Wearable Devices
   4. Brain-computer Interface
   5. Others
6. GLOBAL NEUROREHABILITATION DEVICES MARKET – ANALYSIS & FORECAST, BY APPLICATION
   1. Brain Stroke
   2. Spinal Cord Injury
   3. Parkinson’s Disease
   4. Cerebral Palsy
   5. Brain Trauma Injury
   6. Others
7. GLOBAL NEUROREHABILITATION DEVICES MARKET – ANALYSIS & FORECAST, BY END USER
   1. Hospitals/Clinics
   2. Cognitive Care Centers
   3. Research Institutes
8. GLOBAL NEUROREHABILITATION DEVICES MARKET – ANALYSIS & FORECAST, BY REGION
   1. North America Neurorehabilitation Devices Market
   2. Europe Neurorehabilitation Devices Market
   3. Asia Pacific Neurorehabilitation Devices Market
   4. Rest of the World (ROW) Neurorehabilitation Devices Market
9. COMPANY PROFILES                              (Business Overview, Products Offered, Financial Performance, Recent Developments)*
   1. Medtronic
   2. Ectron
   3. Abbott
   4. Boston Scientific Corporation
   5. Ekso Bionics
   6. MagVenture, Inc.
   7. Hocoma
   8. Neuro Style
   9. Neofect
   10. Tyromotion GmbH                    *Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain

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In the end, Neurorehabilitation Devices industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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