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Neurorehabilitation Market

Neurorehabilitation Market Size, Share & Segment by Type (Wearable Devices, Neuro-Robotic Devices, Brain-Computer Interface (BCIs), Non-Invasive Stimulators), By Application type (Parkinson's Disease, Spinal cord injury, Brain stroke, Cerebral palsy, Multiple sclerosis, Schizophrenia etc.), By End-User type (Hospitals, Cognitive Care Centers, Clinics), by Regions and Global Forecast 2022-2028

Report Id: SNS/HC/1261 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Neurorehabilitation Market Size was assessed at USD 1196.3 million in 2021, and is predicted to increase at a CAGR of 9% from 2022 to 2028, to reach USD 2187.0 million.

Neurorehabilitation is a complicated medical procedure that seeks to help people recover from nervous system injuries while also minimising compensating for any functional changes that occur as a result of the injury. Neurorehabilitation devices aid in the reduction of symptoms and enhancement of neurological function. This gadget is most typically used for physiotherapy and to improve the quality of life of patients.

Neurorehabilitation Market

One of the major factors driving the rise and demand for neurorehabilitation equipment is the increased prevalence and incidence rate of neurological illnesses. Furthermore, rapid technology improvements and an increase in the worldwide elderly population are expected to drive global market growth throughout the forecast period. Furthermore, the rising prevalence of neurological disorders such as Parkinson's disease, stroke, and multiple sclerosis causes mobility difficulties in patients, boosting market growth.

Moreover, in underdeveloped nations, the lack of personalised home care neurorehabilitation devices, as well as a lack of disposable income, will limit the growth of the neurorehabilitation devices market, whereas strict regulatory policies and increasing demands for skilled professionals may pose a threat to the market's growth.

MARKET DYNAMICS

DRIVERS

  • People are becoming more aware of neurorehabilitation technologies.

  • Neurorehabilitation Devices Advances in Technology

RESTRAINTS

  • Neurorehabilitation devices are expensive.

  • Strict guidelines

  • Lack of skilled professionals

OPPORTUNITIES

  • Culture and market trends

  • Increase in product approvals

  • Increase in investment

CHALLENGES

  • High cost

  • Inadequate epidemiological research

  • Rehab services receive less attention from the government.

  • Lack of awareness

IMPACT OF COVID-19

COVID-19 has quickly escalated into a pandemic, wreaking havoc on health-care systems across the globe. COVID-19 identifies the need for healthcare in a large number of people in a very short period of time, outpacing the global emergency. Neurorehabilitation, also known as neurological rehabilitation, is an important aspect of the recovery process for people who have had a brain injury. During this time, a lot of charities have been working hard to provide further assistance to brain injury patients.

The COVID-19 effect's potential repercussions should never be overlooked. By delivering sessions electronically or over the phone, service providers for neurorehabilitation devices and services have made extraordinary efforts. It was quite tough to cope with this unknown transition because of the nature of diverse infirmities in patients. This has far-reaching implications.

By Type:

Neuro-robotic devices, non-invasive stimulators, and brain-computer interfaces make up the neurorehabilitation market. Due to factors such as increasing technological breakthroughs in non-invasive stimulators and increased demand for non-invasive methods for neurorehabilitation, the non-invasive stimulators segment led the global market in 2021 and is likely to continue dominate during the forecast period.

By Application:

It is divided into several categories, including brain stroke, Parkinson's disease, multiple sclerosis, spinal cord damage, traumatic brain injury, cerebral palsy, and others. The worldwide neurorehabilitation market was dominated by the brain stroke category in 2021, and this trend is expected to continue during the forecast period. This is due to the ever-increasing global prevalence of stroke.

By End User:

Cognitive Care Centers, hospitals, and clinics are the three types of facilities. Because of the increasing demand for neurorehabilitation in hospitals, hospitals held the biggest neurorehabilitation market share in 2021 and are likely to continue to do so during the forecast period.

COMPETITIVE LANDSCAPE

There are some of the major key players: Abbott Laboratories, BioScience Managers Ltd, Helius Medical Technologies, Medtronic Inc, Hocoma AG, Ekso Bionics Holdings Inc, Bionik Laboratories Corp, and other players.

MARKET SEGMENTATION:

By Type

  • Wearable Devices

  • Neuro-Robotic Devices

  • Brain-Computer Interface (BCIs)

  • Non-Invasive Stimulators

By Application type

  • Parkinson's Disease

  • Spinal cord injury

  • Brain stroke

  • Cerebral palsy

  • Multiple sclerosis

  • Schizophrenia etc.

By End-User type

  • Hospitals

  • Cognitive Care Centers

  • Clinics

Neurorehabilitation Market

REGIONAL ANALYSIS

Due to growth in healthcare infrastructure, increased disposable income, and enterprises taking strategic measures to expand their operations in the region, Asia-Pacific is likely to achieve the fastest growth rate throughout the projection period. Furthermore, due to an increase in the frequency of neurological illnesses, increased demand for neurorehabilitation equipment, and a growing geriatric population, Asia-Pacific is expected to be the fastest-growing region in the global market.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Neurorehabilitation Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1196.3 Million
Market Size by 2028 US$ 2187.0 Million
CAGR CAGR of 9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Wearable Devices, Neuro-Robotic Devices, Brain-Computer Interface (BCIs), Non-Invasive Stimulators)
• By Application type (Parkinson's Disease, Spinal cord injury, Brain stroke, Cerebral palsy, Multiple sclerosis, Schizophrenia etc.)
• By End-User type (Hospitals, Cognitive Care Centers, Clinics)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Abbott Laboratories, BioScience Managers Ltd, Helius Medical Technologies, Medtronic Inc, Hocoma AG, Ekso Bionics Holdings Inc, Bionik Laboratories Corp, and other players.
DRIVERS • People are becoming more aware of neurorehabilitation technologies.
• Neurorehabilitation Devices Advances in Technology
RESTRAINTS • Neurorehabilitation devices are expensive.
• Strict guidelines
• Lack of skilled professionals


Frequently Asked Questions (FAQ) :

The neurorehabilitation market was dominated by the brain stroke category of application, and this trend is expected to continue during the forecast period.

Asia-Pacific is likely to achieve the fastest growth rate throughout the projection period.

Neurorehabilitation Market is divided into four segments and they are By Type, By Application Type, and, By End User Type

Neurorehabilitation devices are expensive, Strict guidelines is the restraints of the Neurorehabilitation market.

Neurorehabilitation market is expected to grow at a CAGR of 9% over the forecast period 2022-2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2.Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5.Value Chain Analysis

 

6.Porter’s 5 forces model

 

7. PEST Analysis 

 

8. Neurorehabilitation Market Segmentation, By Type

8.1 Wearable Devices

8.2 Neuro-Robotic Devices

8.3 Brain-Computer Interface (BCIs)

8.4 Non-Invasive Stimulators

 

9. Neurorehabilitation Market Segmentation, By Application type

9.1 Parkinson's Disease

9.2 Spinal cord injury

9.3 Brain stroke

9.4 Cerebral palsy

9.5 Multiple sclerosis

9.6 Schizophrenia etc

 

10. Neurorehabilitation Market Segmentation, By End-User type

10.1 Hospitals

10.2 Cognitive Care Centers

10.3 Clinics

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3        Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4        Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5        The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6        Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12.Company Profiles

12.1 Abbott Laboratories

            12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 BioScience Managers Ltd

12.3 Helius Medical Technologies

12.4 Medtronic Inc

12.5 Hocoma AG

12.6 Ekso Bionics Holdings Inc

12.7 Bionik Laboratories Corp.

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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Step 1: Secondary Research:

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Secondary Research

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