USD 1.6 billion
Report ID:
SQMIG35A2377 |
Region:
Global |
Published Date: February, 2025
Pages:
219
|Tables:
66
|Figures:
75
Neurorehabilitation Devices Market size was valued at USD 1.6 billion in 2023 and is poised to grow from USD 1.73 billion in 2024 to USD 3.31 billion by 2032, growing at a CAGR of 8.4% during the forecast period (2025-2032).
The purpose of the market is to address the growing need for effective rehabilitation interventions for various neurological conditions such as stroke, multiple sclerosis, Parkinson's disease, cerebral palsy, and others. A significant driving factor behind the growth of the neurorehabilitation devices market is the increasing prevalence of neurological disorders worldwide. Conditions like stroke, multiple sclerosis, and Parkinson's disease are becoming more prevalent due to factors such as an aging population and changing lifestyles. This has created a substantial demand for innovative solutions that can aid in the recovery and management of these conditions. Neurorehabilitation devices offer personalized and targeted therapies that can help patients regain independence and improve their functional abilities.
The neurorehabilitation devices market faces various challenges, including the need for continuous research and development to enhance the effectiveness and usability of these devices. Technological advancements, such as the integration of artificial intelligence, virtual reality, and robotics, present opportunities for improving the outcomes of neurorehabilitation therapies. However, incorporating these technologies into mainstream clinical practice requires extensive research, clinical trials, and regulatory approvals. The global neurorehabilitation devices market plays a crucial role in addressing the rehabilitation needs of individuals with neurological conditions. While driving factors such as the increasing prevalence of neurological disorders propel market growth, restraining factors like high costs and limited reimbursement policies present challenges. However, with ongoing research and development, the market has opportunities to leverage emerging technologies and expand accessibility to neurorehabilitation services. The neurorehabilitation devices Industry holds immense potential in improving the lives of patients and driving advancements in neurorehabilitation therapies.
US Neurorehabilitation Devices Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 1.6 billion
Largest Segment
Wearable devices
Fastest Growth
Wearable devices
Growth Rate
8.4% CAGR
To get more reports on the above market click here to Buy The Report
Global Neurorehabilitation Devices Market is segmented by Type, Application, End User and region. Based on Type, the market is segmented into Neuro-Robotic Devices, Non-Invasive Stimulators and Brain-Computer Interfaces. Based on Application, the market is segmented into Brain Stroke, Parkinson's Disease, Multiple Sclerosis, Spinal Cord Injury, Traumatic Brain Injury, Cerebral Palsy and Others. Based on End User, the market is segmented into Rehabilitation Centers, Hospitals and Clinics. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The largest segment in the neurorehabilitation devices market was wearable devices in 2022. Wearable devices have gained significant traction in recent years due to their non-invasive nature, portability, and ability to provide personalized rehabilitation solutions. These devices, such as smart gloves, smart bands, and smart clothing, are designed to assist individuals in regaining motor skills, improving mobility, and enhancing their overall quality of life. The wearable devices segment offers several advantages, including real-time monitoring, data collection, and analysis, which can provide valuable insights into patients' progress and help healthcare professionals tailor rehabilitation programs accordingly.
The fastest growing segment in the neurorehabilitation devices market at that time was brain-computer interfaces (BCIs). BCIs are cutting-edge technologies that establish a direct communication pathway between the human brain and external devices. These interfaces enable individuals with neurological impairments to control external devices, such as robotic limbs or computer systems, using their neural signals. The growth of the brain-computer interface segment can be attributed to the rapid advancements in neuroscience, machine learning, and signal processing algorithms. These technological breakthroughs have expanded the possibilities for neurorehabilitation and offer new hope for individuals with severe motor disabilities.
The largest segment in the neurorehabilitation devices market was stroke rehabilitation. Stroke is a leading cause of long-term disability worldwide, and the demand for effective neurorehabilitation solutions for stroke survivors has been substantial. Neurorehabilitation devices play a crucial role in assisting stroke patients in regaining motor skills, improving mobility, and restoring independence. These devices can provide targeted therapy, encourage neuroplasticity, and facilitate the recovery process for stroke survivors.
The fastest growing segment in the neurorehabilitation devices market in 2022 was multiple sclerosis (MS) rehabilitation. Multiple sclerosis is a chronic autoimmune disease affecting the central nervous system, leading to various neurological impairments. Neurorehabilitation devices tailored to MS patients aim to improve mobility, manage spasticity, and enhance overall functional abilities.
To get detailed analysis on other segments, Request For Free Sample Report
The dominating region in the neurorehabilitation devices market is North America. North America has a well-established healthcare infrastructure, advanced technological capabilities, and a high level of awareness regarding neurological disorders and their rehabilitation. The region benefits from significant investments in research and development, leading to the development of innovative neurorehabilitation devices. Moreover, favorable reimbursement policies and a strong presence of key market players contribute to North America's dominance in the neurorehabilitation devices market.
The fastest-growing region in the neurorehabilitation devices market is the Asia-Pacific region. The Asia-Pacific region is witnessing rapid growth due to several factors. Firstly, the rising prevalence of neurological disorders in countries like China and India is driving the demand for neurorehabilitation devices. Additionally, increasing healthcare expenditure, improving healthcare infrastructure, and expanding awareness about neurorehabilitation therapies contribute to the growth of the neurorehabilitation devices market in this region. Furthermore, government initiatives to improve rehabilitation services and advancements in healthcare technologies are fueling the adoption of neurorehabilitation devices in the Asia-Pacific region.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Technological Advancements
Increasing Prevalence of Neurological Disorders
High Cost of Neurorehabilitation Devices
Limited Reimbursement Policies
Request Free Customization of this report to help us to meet your business objectives.
The neurorehabilitation devices industry is characterized by a competitive landscape with several key players striving to develop innovative solutions for neurological rehabilitation. These companies compete in terms of product offerings, technological advancements, geographic presence, and neurorehabilitation devices market share. While the specific competitive landscape may evolve over time, as of my knowledge cutoff in September 2021, there were several notable companies leading the market. The competitive landscape is dynamic, with new entrants and startups also emerging with innovative technologies and approaches. Additionally, partnerships, collaborations, and acquisitions among companies further shape the competitive dynamics in the market. As the demand for neurorehabilitation devices continues to grow, competition among players will likely intensify, driving further innovation and advancements in the field. It is important to refer to the latest market reports and industry updates to obtain the most up-to-date information on the competitive landscape in the neurorehabilitation devices market.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global neurorehabilitation devices market analysis, their aim is to help patients regain motor function, improve mobility, and enhance their overall quality of life. In market analysis, various factors are considered, such as the market size, growth rate, trends, and key players. market analysis provides a comprehensive understanding of the global neurorehabilitation devices market, including its size, growth rate, trends, and key players. This analysis helps stakeholders, including manufacturers, investors, and healthcare professionals, make informed decisions and identify opportunities for growth and innovation in the neurorehabilitation devices industry.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.6 billion |
Market size value in 2032 | USD 3.31 billion |
Growth Rate | 8.4% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Neurorehabilitation Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Neurorehabilitation Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Neurorehabilitation Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Neurorehabilitation Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Neurorehabilitation Devices Market size was valued at USD 2.89 Billion in 2023 and is poised to grow from USD 3.35 Billion in 2024 to USD 10.89 Billion by 2032, growing at a CAGR of 15.9% during the forecast period (2025-2032).
The neurorehabilitation devices industry is characterized by a competitive landscape with several key players striving to develop innovative solutions for neurological rehabilitation. These companies compete in terms of product offerings, technological advancements, geographic presence, and neurorehabilitation devices market share. While the specific competitive landscape may evolve over time, as of my knowledge cutoff in September 2021, there were several notable companies leading the market. The competitive landscape is dynamic, with new entrants and startups also emerging with innovative technologies and approaches. Additionally, partnerships, collaborations, and acquisitions among companies further shape the competitive dynamics in the market. As the demand for neurorehabilitation devices continues to grow, competition among players will likely intensify, driving further innovation and advancements in the field. It is important to refer to the latest market reports and industry updates to obtain the most up-to-date information on the competitive landscape in the neurorehabilitation devices market. 'Medtronic (US)', 'Abbott Laboratories (US)', 'Boston Scientific Corporation (US)', 'Stryker Corporation (US)', 'Smith & Nephew plc (UK)', 'Bioness Inc. (US)', 'Hocoma AG (Switzerland)', 'St. Jude Medical (US)', 'Ekso Bionics Holdings, Inc. (US)', 'Bioxtreme Robotics Rehabilitation (Italy)', 'ReWalk Robotics Ltd. (Israel)', 'Neurostyle Pte. Ltd. (Singapore)', 'Kinova Robotics (Canada)', 'Neuro Rehab VR (US)', 'Tyromotion GmbH (Austria)', 'Neofect (South Korea)', 'Enraf-Nonius (Netherlands)', 'Hobbs Rehabilitation (UK)', 'Motek Medical B.V. (Netherlands)', 'Biodex Medical Systems, Inc. (US)'
One of the driver of neurorehabilitation devices market is the continuous advancements in technology. In recent years, there have been significant developments in areas such as robotics, virtual reality, wearable sensors, and brain-computer interfaces. These advancements have enabled the development of more sophisticated and effective neurorehabilitation devices, providing targeted therapies and personalized rehabilitation solutions for patients. For example, robotic exoskeletons like the EksoGT by Ekso Bionics and the ReWalk system by ReWalk Robotics are designed to assist individuals with mobility impairments in walking and improving their motor skills.
Tele-rehabilitation: A key neurorehabilitation devices market trend is the adoption of tele-rehabilitation solutions. Tele-rehabilitation allows patients to receive rehabilitation services remotely, using technology to connect with healthcare professionals and access therapy sessions from their homes. This trend has gained momentum, especially during the COVID-19 pandemic when in-person rehabilitation services faced limitations. Tele-rehabilitation offers convenience, accessibility, and the potential for continuous monitoring and personalized care.
The dominating region in the neurorehabilitation devices market is North America. North America has a well-established healthcare infrastructure, advanced technological capabilities, and a high level of awareness regarding neurological disorders and their rehabilitation. The region benefits from significant investments in research and development, leading to the development of innovative neurorehabilitation devices. Moreover, favorable reimbursement policies and a strong presence of key market players contribute to North America's dominance in the neurorehabilitation devices market.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG35A2377
[email protected]
USA +1 351-333-4748