Neurorehabilitation Devices Market Outlook 2029: Presents Market Insights & Depth Analysis

The global neurorehabilitation devices market is anticipated to grow at a CAGR of 13.9% during the forecast period (2023-2030). The neuro-robotic devices segment is anticipated significant growth in the neurorehabilitation devices market. It is projected to exhibit a similar trend over the course of the projection period owing to the rising prevalence of neurological disorders, advances in robotics and their integration with neuroscience, as well as the release of novel products. Robotic devices for neurorehabilitation can be divided into two main categories based on the different types of physical human-robot interactions, such as end-effector devices and exoskeletons. 

Another factor propelling the adoption of devices and subsequent industry expansion is research studies aimed at evaluating the efficacy of the robotic approach in neurorehabilitation. Thus, the rising prevalence of neurological disorders, the benefits associated with neuro-robotic devices, the establishment of robotic-assisted neurorehabilitation centers, and technological advancements are the key driving factors in the neuro-robotic devices segment.  According to the Alzheimer's Association, in 2022, an estimated 6.7 million Americans aged 65 and older are living with Alzheimer’s dementia in 2023. 72% are age 75 or older. Of the total US population, about 1 in 9 people (10.8%) age 65 and older has Alzheimer’s dementia. The percentage of people with Alzheimer’s dementia increases with age: 5.0% of people aged 65 to 74, 13.1% of people aged 75 to 84, and 33.3% of people aged 85 and older have Alzheimer’s dementia. 

Additionally, the establishment of new robotic-assisted neurorehabilitation centers improved the accessibility of neuro-robotic devices and is thus expected to contribute to segment growth. For instance, in December 2021, Sakra World Hospital, a healthcare organization, launched a robotic-assisted neuro-rehabilitation center in Bangalore, the first ever in Karnataka. Sakra Rehabilitation is the most reputable advanced rehabilitation institution, providing Prehab and Rehab as Inpatient, Outpatient, and Home-based Tele-Rehabilitation. 

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Market Coverage

•                 The market number available for – 2022-2030

•                 Base year- 2022

•                 Forecast period- 2023-2030

Segment Covered- 

·                  By Product

·                  By Therapy Area

·                  By End-User 

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

Competitive Landscape- includes Bioventus LLC, Ectron Corp., Hocoma AG, Medtronic Plc, and Tyromotion GmbH, and others. 

Neurorehabilitation Devices Market Report Segment

By Product

·                  Neurorobotics

·                  Brain-Computer Interface 

·                  Non-Invasive Stimulators         

By Therapy Area

·                  Stroke

·                  Parkinson’s Disease

·                  Multiple Sclerosis

·                  Cerebral Palsy 

·                  Others (Spinal Cord Injury, Traumatic Brain Injury)

By End-User 

·                  Rehabilitation Centers 

·                  Hospitals and Clinics

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Neurorehabilitation Devices Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

·                  Abbott Laboratories

·                  AlterG, Inc.,

·                  Biometrics Ltd.,

·                  Bionik Laboratories Corp., (BNKL)

·                  BioXtreme Ltd.,

·                  Ekso Bionics Holdings, Inc., 

·                  Eodyne Systems, SL

·                  Helius Medical Technologies, Inc.,

·                  Kinestica d.o.o.

·                  Kinova Inc.,

·                  Reha Technology AG

·                  Rehab-Robotics Co., Ltd.,

·                  Rehabtronics Inc.,

·                  ReWalk Robotics Ltd.,

·                  Saebo, Inc.,

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