Global Neurorehabilitation Devices Market was Valued at US$ XX Mn in 2018, Surge in the Prevalence of Neurological Disorders
Analyst Speak:
“The Global Neurorehabilitation Devices Market was valued around US$ XX Mn by 2018 and growing at a significant growth rate over the forthcoming years 2019-2025 owing to grow in prevalence of various neurological disorders”
The global neurorehabilitation devices market was valued at US$ XX Mn in 2018 and increasing at a prominent growth rate over the forecast years owing to surge in the incidence of neurological disorders such as Parkinson’s disease coupled with innovation of technologically advanced neurorehabilitation devices are drive the growth of market. Moreover, favorable reimbursement policies for the medical devices, sophisticated healthcare infrastructure in developed and developing countries are expected to boost the global neurorehabilitation devices market. However, high cost high cost of neurorehabilitation devices and stringent regulatory guidelines for the product approval are the factors influence to hinder the growth of global neurorehabilitation devices market.
Global Neurorehabilitation Devices market segmented on the basis of product type, disease type, end user, and region
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Increase in the Prevalence of Parkinson’s Disease Dominate the Global Neurorehabilitation Devices Market
Based on the disease type, global neurorehabilitation devices market segmented into brain stroke, Parkinson’s disease, cerebral palsy, traumatic brain injury, and others. Increase in the incidence of Parkinson’s disease among the people coupled with the rise in demand for the neurorehabilitation devices due to grow in awareness among the healthcare professionals are surge the market over the forecast years. Moreover, increase in geriatric population most prone for neurological disorders and technological advancements for the devices are anticipated to propel the global neurorehabilitation devices market over the future years.
North America Leads the Global Neurorehabilitation Devices market
PBI’s global Neurorehabilitation Devices market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for larger revenue share through 2014-2018 and expected to dominate over 2019-2025 owing to surge in the prevalence of Parkinson’s disease and brain stroke in U.S. and Canada. For instance, according to CDC 2015, approximately 130,000 people face the fatal strokes every year in U.S. Moreover, favorable reimbursement policies, technological advancements in the disease diagnosis are surge the market over the future years. Europe neurorehabilitation devices market projected to exhibit significant growth due to rise in incidence of neurological disorders and launch of newer products are expected to bolster the market.
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Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global Neurorehabilitation Devices market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In October 2017, Civitas Solution acquired Mentis Neuro Rehabilitation, LLC for the expansion of business in neurorehabilitation devices.
Key player’s profiles in the report are Medtronic plc (Ireland), Abbott Laboratories (U.S.). Hocoma AG (DIH International Ltd.) (Switzerland), Ekso Bionics Holding Inc. (U.S.), Interactive Motion Technologies (U.S.), Bionik laboratories Corp. (Canada), Tyromotion (Austria), Bioxtreme Robotics Rehabilitation (Israel), Civitas Solutions (U.S.), and Neurostyle Pte Ltd. (Singapore)
Precision Business Insights (PBI) in its report titled “Global Neurorehabilitation Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
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Detailed Segmentation
By Product Type
- Non-invasive Stimulators
- Wearable Devices
- Neurorobotic System
- Brain-computer Interface
By Disease Type
- Brain Stroke
- Parkinson’s Disease
- Cerebral Palsy
- Traumatic Brain Injury
- Others
By End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Geography
- North America
- S
- Canada
- Europe
- Germany
- France
- K
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
- Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
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