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How has the neurorehabilitation devices market grown in recent years?

The market size for neurorehabilitation devices has seen significant growth recently. It is expected to expand from a valuation of $1.85 billion in 2024 to $2.07 billion in 2025, progressing at a compound annual growth rate (CAGR) of 11.9%. Factors such as an increase in the elderly population, rising incidences of neurodegenerative diseases, heightened awareness, regulatory clearances, and ongoing research and development have contributed to the growth seen in the historical period.

How is the neurorehabilitation devices market size expected to evolve during the forecast period?

In the coming years, the neurorehabilitation devices market is set to witness significant expansion. The market value is projected to reach $3.21 billion by 2029, with a compound annual growth rate (CAGR) of 11.6%. This anticipated growth during the forecast period can be attributed to factors such as the rise in health care expenditure, enhanced knowledge amongst healthcare professionals, the expansion of telemedicine and speciality clinics, and better patient outcome. Other influential trends for the forecast period include advancements in technology, the incorporation of artificial intelligence and robotics into neurorehabilitation devices, the roll-out of wearable neurorehabilitation devices, and real-time data access for continuous supervision.

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Which key drivers are propelling the neurorehabilitation devices market’s growth?

The growth trajectory of the neurorehabilitation devices market is anticipated to be driven by the escalating incidence of neurological illnesses. Factors such as an aging demographic, enhanced diagnostic measures, increasing awareness, and issues of stress and mental health are contributing to this rise of neurological disease cases. Neurorehabilitation devices, which assist in reviving motor, cognitive, and sensory functions via dedicated therapies and stimulation, are prominently used for handling these diseases. For instance, the World Federation of Neurology revealed in October 2023 that over 40% of the worldwide population is presently coping with some form of neurological disorder. This load is foreseen to almost double by 2050. Moreover, the UK Parliament reported in September 2021 that approximately one out of six individuals in the UK has at least one neurological disorder, with an estimated 600,000 new diagnoses each year. Thus, this surge in neurological disease occurrence is propelling the expansion of the neurorehabilitation devices market.

What are the market segments in the neurorehabilitation devices industry?

The neurorehabilitation devices market covered in this report is segmented –

1) By Product: Neurorobotics, Brain-Computer Interface, Wearable Devices, Non-Invasive Stimulators, Other Products

2) By Application: Stroke, Parkinson’s Disease, Brain And Spinal Cord Injury, Cerebral Palsy, Multiple Sclerosis, Other Applications

3) By End User: Rehabilitation Centers, Hospitals And Clinics, Home Care, Other End Users

Subsegments:

1) By Neurorobotics: Robotic Exoskeletons, Robotic Rehabilitation Devices, Assistive Robots For Gait Training

2) By Brain-Computer Interface: Invasive Brain-Computer Interfaces, Non-Invasive Brain-Computer Interfaces, Hybrid Brain-Computer Interfaces

3) By Wearable Devices: Smart Gloves, Smart Sensors, Exosuits and Wearable Robotics

4) By Non-Invasive Stimulators: Transcranial Magnetic Stimulation (TMS) Devices, Transcranial Direct Current Stimulation (tDCS) Devices, Functional Electrical Stimulation (FES) Devices

5) By Other Products: Virtual Reality Rehabilitation Systems, Software Platforms For Neurorehabilitation, Cognitive Training Devices

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Which leading companies are shaping the growth of the neurorehabilitation devices market?

Major companies operating in the neurorehabilitation devices market are ReWalk Robotics Ltd., Ottobock SE & Co. KGaA, Helius Medical Technologies Inc., Bioventus LLC, Bioness Inc., Neofect Co. Ltd., Tyromotion GmbH, Ekso Bionics Holdings Inc., Reha Technology AG, Ectron Ltd., Biometrics Ltd., BioXtreme Ltd., Eodyne LLC, Kinestica Inc., Medimotion, Motus Nova, NeuroGym, NeuroMetrix Inc., Rehab-Robotics Company Limited, Rex Bionics Ltd., Saebo Inc., Bionik Laboratories Corp

What key trends are currently impacting the neurorehabilitation devices market’s development?

Leading companies in the neurorehabilitation devices market are concentrating on introducing innovative products, including hyper-sensitive controllers, to increase accuracy and patient involvement during rehabilitation treatments. A hyper-sensitive controller is a component or system structured to react highly sensitively to a user’s actions, intentions, or neural impulses. For example, MindMaze, a digital neurotherapeutics (DTx) solutions corporation located in Switzerland, launched an innovative smart peripheral gadget called Izar in February 2023. It’s designed to enhance hand motor functions in patients suffering from neurological disorders such as stroke and Parkinson’s disease. This advanced, portable device augments hand agility and power by precisely detecting subtle grasp forces and wrist movements, enabling exact training and evaluation. Izar caters to both in-clinic and remote self-training, fulfilling a crucial requirement in neurological rehabilitation.

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Which geographic areas are influencing the growth of the neurorehabilitation devices market?

North America was the largest region in the neurorehabilitation devices market in 2024. The regions covered in the neurorehabilitation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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