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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Neurorehabilitation Devices Market – Key Players
Some of the key players in this market are:
- Bioness, Inc.
- Bionik Labs
- Ectron Ltd.
- Ekso Bionics
- Helius Medical Technologies
- Hocoma AG
- MagVenture A/S
- Neuro Style
- Rehab-Robotics Company Limited
- Rehabtronics Inc
- St Jude Medical Inc.
The University of Texas, part of Arlington Research Institute is in the process of developing flexible soft robotic gloves, which can be used by the rehabilitating stroke patients using virtual reality gaming. These gloves are being developed by Neuro Rehab VR, which will help stroke patients to go on with their rehabilitation activities in order to regain the function in their hand.
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 – 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 Neurorehabilitation Devices Market. However high cost associated with the purchase and implementation of these devices is impeding the regional market growth.
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