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(Medical-NewsWire.com, October 18, 2017 ) The global neurorehabilitation devices market is expected to be around $4 billion by 2025. The market is primarily driven by factors such as increasing incidence of neurological diseases such as stroke, Parkinson’s disease and Alzheimer disease. The increasing incidence of stroke can also be attributed to the rising demand for neurorehabilitation devices. As per the data revealed by the Center for Disease Control and Prevention (CDC) in May 2017, over 795,000 cases of stroke are reported every year in the U.S., of which around 610,000 cases are of first stroke. With continuous technological advancements, novel techniques for treating neurological disorders have been introduced in the market, which are further contributing to the growth of neurorehabilitation devices market around the world. However, factors such as dearth of skilled technicians to handle sophisticated neurorehabilitation devices and high costs of neurorehabilitation devices can restrain the growth of global neurorehabilitation devices market during the forecast period.
Product Outlook and Trend Analysis
Neurorobotics segment held the largest share of the global neurorehabilitation devices market in 2016 owing to the recent advancements in this field in the form of prosthetics and exoskeletons along with the ability to combine neuroscience and robotics to deliver effective neurological rehabilitation. Exoskeletons assist patients suffering from neurological disorders to enhance their motor performance by allowing them to achieve selective control over movement of joints. The level of assistance provided by exoskeletons can be adjusted according to the patient’s needs. Such advanced rehabilitation devices are revolutionizing the field of neurorehabilitation in a significant manner.
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Market Classification
Neurorehabilitation Devices Market, By Product, Estimates and Forecast, 2016-2025 ($Million)
Non-Invasive Stimulators
Wearable Devices
Neurorobotics
Brain-computer Interface
Neurorehabilitation Devices Market, By Application, Estimates and Forecast, 2016-2025 ($Million)
Traumatic Brain Injury
Stroke
Spinal Cord Injury
Cerebral Palsy
Parkinson’s Disease
Others
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
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