Global Neurorehabilitation Devices Market Report and Forecast 2024-2032

Global Neurorehabilitation Devices Market Outlook

The global Neurorehabilitation Devices market is expected to grow at a CAGR of 12.1% during the period 2024-2032. 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.

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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).

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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

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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

Neurorehabilitation Devices Market Report Snapshots

Neurorehabilitation Devices Market Size

Neurorehabilitation Devices Companies