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Neurorehabilitation Devices - Global Strategic Business Report

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    Report

  • 504 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5141284
The global market for Neurorehabilitation Devices is estimated at US$1.6 Billion in 2023 and is projected to reach US$4.5 Billion by 2030, growing at a CAGR of 16.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the neurorehabilitation devices market is driven by several factors. Firstly, the increasing prevalence of neurological disorders and the rising number of stroke and injury cases are significant drivers. Secondly, advancements in neuroscience and rehabilitation technologies are enhancing the effectiveness and adoption of these devices. Thirdly, the growing awareness of the benefits of early and intensive rehabilitation is boosting demand for neurorehabilitation devices.

Additionally, the integration of digital health technologies and remote monitoring is making rehabilitation more accessible and personalized. Furthermore, supportive government policies and funding for research and development in neurorehabilitation are encouraging innovation. Lastly, the expansion of healthcare infrastructure and the increasing availability of specialized rehabilitation centers are further driving market growth.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Neurorobotic Systems segment, which is expected to reach US$2.0 Billion by 2030 with a CAGR of a 18.8%. The Brain Computer Interface segment is also set to grow at 12.5% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $564.4 Million in 2023, and China, forecasted to grow at an impressive 21.2% CAGR to reach $628.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Neurorehabilitation Devices Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Neurorehabilitation Devices Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Neurorehabilitation Devices Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Abbott Laboratories, AlterG, Inc., Biometrics Ltd., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 105 Featured):

  • Abbott Laboratories
  • AlterG, Inc.
  • Biometrics Ltd.
  • Bioness Inc.
  • BIONIK Laboratories Corp.
  • Boston Scientific Corporation
  • Ectron Ltd
  • Ekso Bionics Holdings Inc.
  • Eodyne
  • Helius Medical Technologies
  • Hocoma AG
  • Instead Technologies Ltd.
  • Kinestica
  • Medtronic plc
  • Neofect
  • Neuro Rehab VR
  • Reha Technology AG
  • Rehab-Robotics Company Limited.
  • ReWalk Robotics Ltd.
  • Rex Bionics Ltd
  • Saebo, Inc.
  • Tyromotion GmbH

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Neurological Disorders and Disability - A Prelude
  • Role of Neurorehabilitation in Enhancing Life Quality and Physical Function
  • An Insight into Neurorehabilitation Devices
  • Global Economic Update
  • World Shifts to an Endemic COVID-19 Strategy with Focus on Multilateral Approach to Managing Future Pandemics
  • War, Inflation & High Cost of Living Crisis Supersede COVID-19 as Major Downside Risks for the Global Economy in 2022 & Beyond
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Neurorehabilitation Devices Market Adversely Impacted by COVID-19
  • Competitive Landscape
  • Neurorehabilitation Devices - Global Key Competitors Percentage Market Share in 2024 (E)
  • Global Market Prospects and Outlook
  • Global Neurorehabilitation Devices Market Radiates Signs of Vim & Vigor
  • Neurorehabilitation Remains Dynamic Domain with Progressive Advancements
  • Neuro-Robotic Devices: Thriving Segment of Neurorehabilitation Devices Market
  • Opportunity: Rising Uptake of Robotic Devices
  • Stroke Leads the End-uses of Neurorehabilitation Devices
  • North America Claims Authoritative Stake in Neurorehabilitation Devices Market
  • Immense Burden of Neurological Conditions in US Paves Way for Neurorehabilitation Devices
  • Asia-Pacific to Offer Lucrative Opportunities
  • Technological Advancements Drive Market Growth
  • Neurorehabilitation Becomes a Hotbed for VR & Robotic Technologies
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Market Restraints
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Incidence of Neurological Conditions Drive Market Growth
  • Annual Incidence of Adult-Onset Neurologic Disorders in the US
  • Epilepsy Incidence Worldwide by Type: Percentage Breakdown for Idiopathic and Symptomatic Epilepsy by Type (2022))
  • Symptomatic Epilepsy Incidence: Percentage of Incidence by Type for 2022
  • Rising Geriatric Population and Subsequent Growth in Prevalence of Neurological Disorders
  • Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • Increasing Adoption of Neurorobotic Systems
  • Exoskeleton Robots Add Sophistication in Neurorehabilitation
  • The Imminent Rise of Exosuits
  • Innovative Exosuits Wearable Robots Promise Accelerated Recovery of Stroke Patients
  • Robotic Exoskeletons as Game-Changing Development for Neurorehabilitation
  • AI Augments Prosthetic Technology
  • Researchers Develop Neurorobotic Prosthetic Arm to Restore Natural Brain Behaviors
  • Select Robotic Devices
  • Robot-assisted Therapy Vs Other Therapies
  • Limitations
  • Technological Developments
  • New Generation Robotic Neurorehabilitation Devices Powered by Non-invasive Brain Machine Interfaces
  • Brain Stimulators Seek to Widen their Role in Neurorehabilitation
  • Diagnosed Prevalence Cases of Parkinson’s Disease Across Select Countries
  • Global DBS Market by Leading Player (2022): Market Share Breakdown of Revenues for Medtronic, Boston Scientific, and Abbott
  • Select Available Deep Brain Stimulation Devices Available in the Market
  • Spinal Cord Injuries Propel the Demand for Spinal Cord Stimulation Devices
  • Innovative Multi-Electrodes with Potential to Improve Spinal Cord Stimulation
  • Non-Invasive Brain Stimulation
  • Innovative Multi-electrode Stimulation Paves Way for Recovery from Spinal Cord Injuries
  • Neurorehabilitation Therapy in Epilepsy Care
  • Neurorehabilitation Wearable Devices Market Set to Deliver Stunning Performance
  • Novel Wristbands: A Primary Market Driver
  • Wearable Robotic Devices for Neurorehabilitation
  • Wearable Devices Set to Transform Traditional Approaches to Neurorehabilitation of Stroke Patients
  • Primary Wearable Sensors for Stroke Patients
  • Robotic Neurorehabilitation & Noninvasive Brain-Machine Interface to Aid Rehabilitation
  • Brain-Machine Interfaces
  • Key Applications of Virtual Reality for Neurological Rehabilitation
  • VR-Centric Gamification in Neurorehabilitation Improves Outcomes for Stroke Patients
  • Start-ups Leveraging VR for Gamification in Stroke Patient Rehabilitation
  • Technological Advancements in Neuroimaging Techniques Enhance Neurorehabilitation Outcome
  • Advancements in Robotics and Neuroscience Research Give Rise to Next-Generation Rehabilitation Techniques
  • IoT-Powered Rehabilitation Robotics
  • Integration Of Speech Recognition Algorithms
  • Emergence of Novel Multi-electrode Stimulation for Treatment of Spinal Cord Injuries
  • Startups Eye on Affordable Solutions to Spur Neurorehabilitation Uptake across Low- & Middle-Income Nations
  • Tailored and Affordable Neurorehab Technologies
  • Smartphone Technology to Support Neurorehabilitation
  • AR's role in Neurorehabilitation Recovery and Assessment
  • AR Augments the Existing Neurorehabilitation Programs
  • Electrotherapy Emerges a Mega Trend in Neuromuscular Rehabilitation Space
  • Why Metaverse Technology is Soaking Limelight for Holistic Neurological Rehabilitation
  • Neurological Disorders that Could Benefit from Metaverse
  • Moving from Mono-Therapeutic to Holistic Neurorehabilitation with Metaverse
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Neurorehabilitation Devices Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Neurorehabilitation Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Neurorehabilitation Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 4: World 16-Year Perspective for Neurorehabilitation Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Neurorobotic Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Neurorobotic Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 7: World 16-Year Perspective for Neurorobotic Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Brain Computer Interface by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Brain Computer Interface by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 10: World 16-Year Perspective for Brain Computer Interface by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Wearable Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Wearable Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 13: World 16-Year Perspective for Wearable Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Brain Stimulators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Brain Stimulators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 16: World 16-Year Perspective for Brain Stimulators by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Stroke by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Stroke by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 19: World 16-Year Perspective for Stroke by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Parkinson`s Disease by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Parkinson`s Disease by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 22: World 16-Year Perspective for Parkinson`s Disease by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Brain & Spinal Cord Injury by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Brain & Spinal Cord Injury by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 25: World 16-Year Perspective for Brain & Spinal Cord Injury by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Cerebral Palsy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Cerebral Palsy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 28: World 16-Year Perspective for Cerebral Palsy by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Multiple Sclerosis by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Multiple Sclerosis by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 31: World 16-Year Perspective for Multiple Sclerosis by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 32: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 33: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 34: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Neurorehabilitation Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Neurorehabilitation Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Neurorehabilitation Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Neurorehabilitation Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Neurorehabilitation Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Neurorehabilitation Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Neurorehabilitation Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Neurorehabilitation Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Neurorehabilitation Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Neurorehabilitation Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Neurorehabilitation Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Neurorehabilitation Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Neurorehabilitation Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned

  • Abbott Laboratories
  • AlterG, Inc.
  • Biometrics Ltd.
  • Bioness Inc.
  • BIONIK Laboratories Corp.
  • Boston Scientific Corporation
  • Ectron Ltd
  • Ekso Bionics Holdings Inc.
  • Eodyne
  • Helius Medical Technologies
  • Hocoma AG
  • Instead Technologies Ltd.
  • Kinestica
  • Medtronic plc
  • Neofect
  • Neuro Rehab VR
  • Reha Technology AG
  • Rehab-Robotics Company Limited.
  • ReWalk Robotics Ltd.
  • Rex Bionics Ltd
  • Saebo, Inc.
  • Tyromotion GmbH