Neurorehabilitation Devices Market Supply Demand Analysis with Topmost Players | Expected to Reach at USD 2.25 Billion | Forecast to 2023

The Global Neurorehabilitation Devices Market 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. 

Competitive Analysis:

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., and Tyromotion are some of the prominent players at the forefront of competition in the Global Neurorehabilitation Devices Market and are profiled in MRFR Analysis.

The matured market of Neurorehabilitation Devices appears to be fiercely competitive & fragmented owing to the presence of numerous matured & small key players accounting for a substantial market share. These market players try to gain competitive advantage through strategic partnership, acquisition, expansion, collaboration, product & technology launch. They invest heavily in the R&D to develop a technology that is completely on a different level compared to their competition. 

These key players acknowledging need of the hour, develop a range of devices with advent technology and efficacies. For which they are adopting the technologies like IoT, robotics, nanotechnology, wearable technology & non-invasive medical technologies.

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Market Overview:

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 2022, surpassing its previous growth records in terms of value & volume.

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.

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Regional Analysis of Neurorehabilitation devices Market:

Globally America is the largest market for neurorehabilitation devices. Europe is the second-largest market. Furthermore Asia-Pacific market is expected to be the fastest growing market for neurorehabilitation devices.

Brief TOC

1 Report Prologue

2 Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market Structure

2.4. Market Segmentation

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Mega Trends

4.5 Macroeconomic Indicators

5 Market Factor analysis

…TOC Continued

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