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 market for Neurorehabilitation Devices 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. 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.
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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.
Neurorehabilitation Devices Market – Segments
For the convenience of the report and enhanced understanding; the report is segmented in to 4 key dynamics
By Product Types: Including Neuro-robotic devices, Wearable Devices, Brain Computer Interface, Non-Invasive Stimulators and other.
By End Users: Hospitals/clinics, cognitive care centers, research institutes, and other.
By Applications: Spinal Cord Injury, Stroke, Brain Trauma Injury, Parkinson’s disease, Schizophrenia, Cerebral Palsy and other.
By Regions: Europe, North America, APAC and Rest of the World.
Neurorehabilitation Devices Market – Key Players
Some of the key players in this market are: 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., Tyromotion, and others.
Industry/Innovation/Related News:
July 11, 2018 – Medline Industries, Inc., (US), a global manufacturer and distributor of medical products announced the acquisition of NeuroGym (Canada), a physical therapy and rehabilitation equipment maker.
June 12, 2018 – MindMaze SA (Switzerland), a leading global medical technology company announced receiving of FDA clearance for US distribution of its MindMotion Go, a gamified neurorehabilitation therapy platform for medium and light severity impairments able to be deployed in the patient’s home. Using motion capture technology based on the Microsoft Kinect, the Go engages patients with a range of activities set in displayed 3D environments that promote motor and task functions.
January 24, 2018 – Helius Medical Technologies, Inc. (US) a leading global medical technology company in to neurological wellness, announced that partnering with the ARL (US Army Research Laboratory), it has executed a CRADA (Cooperative Research & Development Agreement) establishing a platform for collaborative research programs. Subsequently, Helius and ARL executed a Joint Work Statement (JWS) launching a research program to investigate Helius’ Portable Neuromodulation Stimulator (PoNS) for the enhancement of cognitive, emotional and physical readiness and response through mindfulness and meditation training.
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Neurorehabilitation Devices Market – Regional Analysis
North America market dominates the Global Neurorehabilitation Devices Market with the significant market share. While Europe & Asia Pacific stand at the second & third positions respectively in terms of the market share.
Factors such as, advancements in technology, coupled with the prevailing neurological disorders, availability of advanced infrastructure and growing awareness towards the advantages & efficacies of Neurorehabilitation Devices and centers are attributing to the growth of North America and Europe Market.
Asia-Pacific market is expected to be the fastest growing market for Neurorehabilitation Devices. However high cost associated with the purchase and implementation of these devices is impeding the regional market growth.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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