Global Neurorehabilitation Devices Market Soars, Set to Reach $4.5 Billion by 2030: Neurorobotic Systems Emerge as Key Driver of Growth in 2023

Dublin, July 19, 2023 (GLOBE NEWSWIRE) -- The "Neurorehabilitation Devices: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Neurorehabilitation Devices estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$4.5 Billion by 2030, growing at a CAGR of 16.3% over the analysis period 2022-2030.

Neurorobotic Systems, one of the segments analyzed in the report, is projected to record a 18.6% CAGR and reach US$2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Brain Computer Interface segment is readjusted to a revised 12.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $494.3 Million, While China is Forecast to Grow at 21.2% CAGR

The Neurorehabilitation Devices market in the U.S. is estimated at US$494.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$628.2 Million by the year 2030 trailing a CAGR of 21.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12% and 16% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$480.7 Million by the year 2030.

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.
• Rex Bionics Ltd
• Saebo, Inc.
• Tyromotion GmbH

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. 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 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (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
• 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
• Global Alzheimer's Prevalence by Age Group: 2020
• 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

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/c42vd

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Attachment

• Global Market for Neurorehabilitation Devices