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Global Neurorehabilitation Devices Market Size, Share: By Product: Neurorobotics, Brain-computer interface, Non-invasive Stimulators, Wearable devices, Others; By Therapy Area: Stroke, Multiple Sclerosis, Parkinson's Disease, Cerebral Palsy, Others; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2022-2027

Global Neurorehabilitation Devices Market Outlook

The global Neurorehabilitation Devices market is expected to grow at a CAGR of 12.1% during the period 2022-2027. Neurorehabilitation of the central nervous system (CNS) is an important component of rehabilitation medicine.

 

Multiple alternatives for intervention in neurological rehabilitation include occupational therapy, electric physiotherapy, physical therapy, speech and language therapy, and other methods; new treatment methods produced enabled by modern scientific and technological progress also play an important role and are expected to boost market growth. For example, advanced brain-computer interface research has attained interactive computer game operations with fine brainwave control. Further, the ageing global population is expected to drive market growth. North America, Asia and Europe are likely to be key markets.

 

Global Market Likely to be Driven by the Need to Effectively Manage Neurological Problems

Neurological diseases leading to motor/cognitive impairments are major causes of adult-onset disability. While the number of people affected is over a billion, the number is likely to rise due to the quickly ageing global population. It is estimated that neurological disorders and injuries explain over six percent of the global burden of disease. With over six percent of DALY (disability-adjusted life years) across the globe, neurological disorders indicate a key widespread clinical condition. Among neurological disorders, a significant burden in DALYs is explained by cerebral-vascular disease (over fifty percent), such as stroke. Stroke and spinal cord injury (SCI), account for over fifty percent of the adult-onset disability and, more than a billion people experience some form of disability. The common lack of full recovery necessitates the development of novel neurorehabilitative treatments suited to patients and better targeting the particular disability. Such need of neurorehabilitative treatments is likely to drive the global neurorehabilitation devices market. Rehabilitation therapy may be technologically assisted by non-invasive brain stimulation, robotic-based therapy, and neural interfaces.

 

Increasing Number of Companies Active in the Domain Likely to Boost Market Growth

With time, business models develop and evolve, influencing factors include market changes and technical advancements. The neurorehabilitation devices segment is one that has been gaining much interest. Popular neurorehabilitation devices companies include:

 

MindMaze – Provides VR-based solution for neuro-rehabilitation; offerings include a mobile neurorehabilitation system for hospitals meant for primary motor rehabilitation and gamified neurorehabilitation system for hospital as well as home.

 

Nexstim – Provides non-invasive brain stimulation for rehabilitating stroke patients. The company is engaged in developing Navigated Brain Stimulation (NBS) – non-invasive, image-guided transcranial magnetic stimulation (TMS) for brain diagnostics and therapy.

 

MicroTransponder – A medical device development company focusing on neuroscience research; offers neurostimulation for chronic pain management, tinnitus treatment and post-stroke rehabilitation.

 

ONWARD – Developer of a therapeutic device for spinal cord injuries.

 

Atlantic Therapeutics – Develops a non-invasive wearable device for pelvic floor strengthening and nerve stimulation products.

 

NeuroLutions – Develops a robotic glove controlled by the brain.

 

Nalu Medical – Developer of a neurostimulation system. The Nalu system is used for Spinal Cord Stimulation and Peripheral Nerve Stimulation for chronic pain treatment. Increasing activity of companies engaged in the domain is likely to drive the global neurorehabilitation devices market.

 

Existing Systems and Therapeutic Approaches for Neurorehabilitation Expected to Stimulate Market Growth

Significant progress has been made in interdisciplinary domains such as neural engineering to examine multiple neural mechanisms by identifying and processing neural signals at high spatio-temporal resolution, and by interfacing the nervous system with exterior devices, thereby restoring neurological functions lost due to disease/injury. There have also been continual technological advancements. The last few decades have witnessed a significant spread of technological approaches for human rehabilitation, such as wearable systems, brain stimulation, robots, and virtual settings. Indeed, the use of robots, virtual reality, innovative assistive devices, telerehabilitation and artificial intelligence have proven effective in enhancing patients' motor and cognitive outcomes and quality of life. For example, Ekso Bionics Holdings offers robotic exoskeleton for neurorehabilitation. Exoskeletons comprise a system of electro-mechanical devices that fit onto the extremities of the human body. Applications of such a device in the medical industry are mostly therapeutic. Indications include paralysis, neuromuscular disorders, paraplegia, stroke, spinal cord injury, and multiple sclerosis (MS).

 

Market Segmentation

By product, the market is classified into:

  • Neurorobotics
  • Brain-computer interface
  • Non-invasive Stimulators
  • Wearable devices
  • Others

 

By therapy area, the market is segmented into:

  • Stroke
  • Multiple Sclerosis
  • Parkinson's Disease
  • Cerebral Palsy
  • Others

 

By region, the market is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Key Industry Players in the Market

The report presents a detailed analysis of the following key players in the global Neurorehabilitation Devices market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

 

  • Biometrics Ltd
  • Kinestica d.o.o.
  • Ectron Ltd
  • BIONIK Laboratories Corp.
  • Ekso Bionics
  • Others

 

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Therapy Area
  • Region
Breakup by Product
  • Neurorobotics
  • Brain-computer interface
  • Non-invasive Stimulators
  • Wearable devices
  • Others
Breakup by Therapy Area
  • Stroke
  • Multiple Sclerosis
  • Parkinson's Disease
  • Cerebral Palsy
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Biometrics Ltd
  • Kinestica d.o.o.
  • Ectron Ltd
  • BIONIK Laboratories Corp.
  • Ekso Bionics
  • Others

 

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Neurorehabilitation Devices Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Neurorehabilitation Devices Historical Market (2017-2021) 
    8.3    Global Neurorehabilitation Devices Market Forecast (2022-2027)
    8.4    Global Neurorehabilitation Devices Market by Product
        8.4.1    Neurorobotics
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Brain-computer interface
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Non-invasive Stimulators
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Wearable devices
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Others
    8.5    Global Neurorehabilitation Devices Market by Therapy Area
        8.5.1    Stroke
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Multiple Sclerosis
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Parkinson's Disease
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Cerebral Palsy
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Others
    8.6    Global Neurorehabilitation Devices Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Biometrics Ltd
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Kinestica d.o.o.
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Ectron Ltd
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    BIONIK Laboratories Corp.
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Ekso Bionics
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Neurorehabilitation Devices Market: Key Industry Highlights, 2017 and 2027
2.    Global Neurorehabilitation Devices Historical Market: Breakup by Product (USD Million), 2017-2021
3.    Global Neurorehabilitation Devices Market Forecast: Breakup by Product (USD Million), 2022-2027
4.    Global Neurorehabilitation Devices Historical Market: Breakup by Therapy Area (USD Million), 2017-2021
5.    Global Neurorehabilitation Devices Market Forecast: Breakup by Therapy Area (USD Million), 2022-2027
6.    Global Neurorehabilitation Devices Historical Market: Breakup by Region (USD Million), 2017-2021
7.    Global Neurorehabilitation Devices Market Forecast: Breakup by Region (USD Million), 2022-2027
8.    North America Neurorehabilitation Devices Historical Market: Breakup by Country (USD Million), 2017-2021
9.    North America Neurorehabilitation Devices Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Europe Neurorehabilitation Devices Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Europe Neurorehabilitation Devices Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Asia Pacific Neurorehabilitation Devices Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Asia Pacific Neurorehabilitation Devices Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Latin America Neurorehabilitation Devices Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Latin America Neurorehabilitation Devices Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Middle East and Africa Neurorehabilitation Devices Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Middle East and Africa Neurorehabilitation Devices Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Global Neurorehabilitation Devices Market Structure

Key Questions Answered in the Report

The global neurorehabilitation devices market is estimated to grow at a CAGR of 12.1% between 2022 and 2027.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Neurorehabilitation is a process which is aimed at promoting the health of the nervous system of a patient to help recovery of functions of brain and spinal cord, among others.

Neurorehabilitation improves the health of the brain and spinal cord and improves the overall health of the central nervous system which helps the patient recover from stroke.

The major drivers of the market include the increasing prevalence of neurological disorders, increasing geriatric population, rising awareness about the fatalities, and rapid development of convenient and minimally invasive devices.

The advancements in therapeutical techniques, increasing development of high-end neurorehabilitation devices, and technological advancements in the healthcare infrastructure are the key trends propelling the growth of the market.

Neurorobotics, brain-computer interface, non-invasive stimulators, and wearable devices, among others are the different products in the market.

Based on therapy area, the neurorehabilitation devices market is divided into stroke, multiple sclerosis, Parkinson's disease, and cerebral palsy, among others.

The major players in the industry are Biometrics Ltd, Kinestica d.o.o., Ectron Ltd, BIONIK Laboratories Corp., and Ekso Bionics, among others.

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