Jersey City, New Jersey, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Neurorehabilitation Devices Market” By Product (Brain-computer Interface, Neurorobotic Systems, Brain Stimulators, Wearable Devices), By Brain Stimulators (Non-invasive Stimulators and Invasive Stimulators), By Application (Brain & Spinal Cord Injury, Stroke, Multiple Sclerosis, Parkinson’s Disease), and By Geography. According to Verified Market Research, the Global Neurorehabilitation Devices Market size was valued at USD 1,448.97 Million in 2020 and is projected to reach USD 4,933.67 Million by 2028, growing at a CAGR of 16.75% from 2021 to 2028.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=40031
Browse in-depth TOC on “Neurorehabilitation Devices Market”
202 - Pages
126 – Tables
37 – Figures
Global Neurorehabilitation Devices Market Overview
The factors driving the global neurorehabilitation devices market are rising awareness among physicians with respect to these devices, the growing prevalence of neurological diseases, and the increasing geriatric population. As per Administration for community living, the population aged 65 and above is estimated to reach more than 80 million by 2050, which is twice what was estimated in 2012. This growth is leading to an increased prevalence of neurological diseases. For instance, according to the Centers for Disease Control and Prevention, it has been estimated that almost 1,30,000 Americans die from stroke each year, i.e., an average of one person in America dies from stroke every 4 minutes.
Moreover, Asia Pacific accounts for two-thirds of the world’s disabled population and this number is expected to increase widely. Nonetheless, the emergence of wearable technology and robotics will have a tremendous impact on the development of neurorehabilitation devices and will push researchers and device manufacturers to bring new innovative products as per the global market needs. On the other side, the lack of skilled and trained professionals, many legislations and government regulations, and the high cost of treatment might hamper the growth of the global neurorehabilitation devices market.
However, the lack of skilled technical experts who have complete working knowledge and understanding of functionalities and control systems of neurorehabilitation devices is a key element that prohibits market growth. For instance, according to McKinsey Global Institute 2020 report, the EU-28 public sector has a shortage of around an 8.6milion people with the necessary skill across the three categories i.e., technological skills (1.7 million), digital citizenship skills (3.2 million), and classical skills (3.7 million). Also, the developing economies are not in a situation to roll out key improvements to their healthcare system.
Key Developments
- In March 2021, DIH, the leading global robotics and virtual reality (VR) technology provider, announced that it has entered into a strategic partnership agreement with Reha Technology. Under this, DIH will take over the distribution of Reha Technology’s robotics products, and effective immediately DIH will promote and distribute Reha Technology´s end-effector-based gait therapy devices in key markets such as Switzerland, Germany and the US.
- In January 2019, Ekso Bionics entered into an agreement with Zhejiang Youchuang Venture Capital Investment Co., Ltd (ZYVC) to establish joint ventures for the development of a global exoskeleton manufacturing center and capture the potential exoskeleton market in China and other markets in Asia.
- In March 2021, Bioventus Inc., a global leader in innovations for active healing, has acquired Bioness, Inc., a global leader in neuromodulation and rehabilitation medical devices through its innovative peripheral nerve stimulation (“PNS”) therapy and premium rehabilitation solutions.
Key Players
The major players in the market are Ekso Bionics Holdings, Inc., ReWalk Robotics Ltd., Hocoma AG, Neofect, Reha Technology AG, and Others.
Verified Market Research has segmented the Global Neurorehabilitation Devices Market On the basis of Product, Brain Stimulators, Application, and Geography.
- Neurorehabilitation Devices Market, By Product
- Brain-computer Interface
- Neurorobotic Systems
- Brain Stimulators
- Wearable Devices
- Neurorehabilitation Devices Market, By Brain Stimulators
- Non-invasive Stimulators
- Invasive Stimulators
- Neurorehabilitation Devices Market, By Application
- Brain & Spinal Cord Injury
- Stroke
- Multiple Sclerosis
- Parkinson’s Disease
- Cerebral Palsy
- Others
- Neurorehabilitation Devices Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
Browse Related Reports:
Plaque Modification Devices Market By Type (Atherectomy devices, Thrombectomy devices, Chronic total occlusion devices), By Application (Coronary artery diseases, Peripheral Artery Diseases, Neurovascular Diseases), By End-User (Hospitals, Specialty Clinics, and Ambulatory surgical centers), By Geography, Forecast, 2021-2028
Nuclear Medicine Market By Type (Diagnostic and Therapeutic), By Modality (SPECT, PET, Alpha-emitters, Beta-emitters, and Brachytherapy), By Application (Oncology, Cardiology, Neurology, Thyroid), By Geography, Forecast, 2021-2028
Companion Diagnostics Market By Technology Type (Frequency Immunohistochemistry, Polymerase Chain Reaction (PCR), Next Generation Sequencing (NGS)), By Indication (Oncology, Neurology), By Geography, Forecast, 2021-2028
Hemostats Market By End Use (Clinics, Hospitals, Ambulatory Centres), By Product (Thrombin-Based Hemostats, Oxidized Regenerated Cellulose-Based Hemostats, Polysaccharide Hemostats), By Formulation (Matrix & Gel Hemostats, Sponge Hemostats, Powder Hemostats), By Application (Orthopedic Surgery, General Surgery, Neurological Surgery), By Geography, Forecast, 2021-2028
Top 7 Medical Device Companies, investing in quality care, at the international level
Visualize Neurorehabilitation Devices Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals, and critical revenue decisions.
Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.
