Neurorehabilitation Devices Market Analysis
The neurorehabilitation devices market is anticipated to touch USD 2.25 billion between 2013-2022, states the latest Market Research Future (MRFR) report. Neurorehabilitation devices are therapeutic devices that are utilized in rehabilitation programs. It deals with daunting challenges to learn to live with different neurological conditions including amyotrophic lateral sclerosis, peripheral nervous disorders, spinal cord injuries, brain tremor, multiple sclerosis, Parkinson’s disease, epilepsy, ADHD, and Alzheimer’s disease. Besides, it also assists designers in understanding and better formulating designs, control systems, and measurement for biomedical devices utilized in the treatment.
Various factors are propelling the neurorehabilitation devices market growth. Such factors, as per the latest Market Research Future report, include the proliferation of technologies, especially IoT, AI, and AR and their integration, increasing programs and government funding in the developing regions for supporting research and development activities used for launching new devices, and various technological advancements. Additional factors pushing neurorehabilitation devices market growth include growing robotics and neurorehabilitation wearables, increasing prevalence of neurological diseases worldwide such as Parkinson’s disease, stroke, and multiple sclerosis, improving economic conditions which enable access to improved healthcare and quality care worldwide and changing lifestyle due to industrialization and urbanization.
On the contrary, unavailability of experts to handle neurorehabilitation devices, inadequate disposable income especially in developing economies, absence of personalized home care neurorehabilitation devices, and high costs of the devices are factors that may impede the neurorehabilitation devices market growth during the forecast period.
Neurorehabilitation Devices Market Segmentation
The MRFR report provides an all-inclusive segmental analysis of the neurorehabilitation devices market on the basis of product type, end user, and application.
By product type, the neurorehabilitation devices market is segmented into non-invasive stimulators, brain-computer interface, neuro-robotic devices, wearable devices, and others. Of these, the neuro-robotic devices segment will lead the market over the forecast period.
By end user, the neurorehabilitation devices market is segmented into research institutes, clinics, cognitive care centers, hospitals, and others.
By application, the neurorehabilitation devices market is segmented into Cerebral Palsy, Parkinson’s disease, Schizophrenia, Brain Trauma Injury, Spinal Cord Injury, Stroke, and others.
Neurorehabilitation Devices Market Regional Analysis
By region, the neurorehabilitation devices market report covers the latest trends and growth opportunities across the Asia Pacific, North America, Europe, and the Rest of the World. Of these, North America will dominate the market during the forecast period. Factors pushing the growth of the neurorehabilitation devices market in the region include growing awareness about the perks of using these devices, the presence of developed healthcare infrastructure, rising incidence of neurological disorders, and various technological advancements.
The neurorehabilitation devices market in Europe will have the second-largest share in the market during the forecast period. Factors pushing the growth of the neurorehabilitation devices market in the region include the region’s resurging economy, the proliferation of the healthcare industry, and favorable government initiatives. Germany is the chief contributor in the region.
The global neurorehabilitation devices market in the Asia Pacific region is predicted to have a lucrative growth during the forecast period. Factors pushing the growth of the neurorehabilitation devices market in the region include the wide adoption of neurorehabilitation devices in the region, the presence of leading players, vast development opportunities, and constantly expanding healthcare infrastructure. Japan, India, as well as China are the chief contributors in the region.
The neurorehabilitation devices market in the Rest of the World will have a notable growth during the forecast period.
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Neurorehabilitation Devices Market Key Players
Notable players profiled in the neurorehabilitation devices market report include Tyromotion, St Jude Medical Inc., Neuro Style, Rehabtronics Inc., Rehab-Robotics Company Limited, Hocoma AG, Medtronic, Bionik Labs, MagVenture A/S, Ekso Bionics, Bioxtreme, Ectron Ltd., Denecor, Bioness, Inc., and Helius Medical Technologies. Key players have incorporated different strategies to stay ahead in the competition, such as research and development activities, joint venture/partnerships, collaborations, new product launches, and more.
Neurorehabilitation Devices Industry News
October 2019: Researchers in China and the US have joined hands to create a soft, stretchable robotic device that comes with a tactile sensory skin that is neurologically integrated.
Angina Market HighlightsThe rising prevalence of angina and coronary heart diseases, growing healthcare expenditure, and increasing geriatric and obese population are expected to drive the global angina market, during the forecast period.
However, low per capita healthcare expenditure and high cost for therapeutic procedures such as coronary bypass surgery restraints the market growth.Angina Market SegmentationThe global angina market is segmented on the basis of type, diagnosis, treatment, and end-user.On the basis of type, the market is segmented into angina pectoris, unstable angina, prinzmetal angina, and others.
The blood test segment is sub-segmented into cholesterol test, low-density lipoprotein test, triglycerides test, and others.
On the basis of treatment, the market is segmented into lifestyle changes, medications, angioplasty and stenting, coronary bypass surgery, and others.
The medication segment is sub-segmented into aspirin, clot-preventing drugs, statins, ranolazine, and others.
On the basis of end-user, the market is segmented into hospitals and clinics, diagnostic centers, academic institutes, and others.Angina Market Regional AnalysisAmerica dominates the global angina market.
In-depth study of the Air Fryer Industry that helps to provide answers and relevant questions regarding the Emerging trends and Growth opportunities.
It helps identify each of the major growth barriers aside from identifying the trends in the Air Fryer market.The Air Fryer Market report offers an in-depth analysis of the Global Market and several important aspects related to it.
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There has been cascading interest in home appliances among working-class families globally, which is expected to foster the growth of the air fryer market in the coming years.
This market is mainly driven by a rise in the preference of consuming oil-free food low on cholesterol.
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The global alpha-methylstyrene market is forecast to reach USD 562.1 Million by 2026, according to a new report by Reports and Data.
Alpha-methylstyrene (AMS) is an intermediate co-monomer used in a range of polymerization processes to improve impact and heat resistance of the polymers, plasticizers, resins and others.
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Electric Motors Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the electric motors industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
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The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
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This report also researches and evaluates the impact of Covid-19 outbreak on the Aquaculture industry, involving potential opportunity and challenges, drivers and risks.
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The Porter’s five forces analysis elucidates the intensity of the competitive rivalry and the bargaining power of suppliers and buyers.
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The Omega-3 market report has been prepared to bring about comprehensive analysis of the market structure along with forecast of the different segments and sub-segments of the market.
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Analysis of consumer needs by major regions, types, applications in Global market by considering the past, present and future state of the industry has been conducted.
The report is prepared based on the market type, size of the organization, availability on-premises and the end-users’ organization type.The omega-3 market is expected to gain market growth in the forecast period of 2021 to 2028.
Data Bridge Market Research analyses that the market is growing with the CAGR of 8.9% in the forecast period of 2021 to 2028 and is expected to reach USD 555.94 billion by 2028.This Omega-3 market research report is generated by using integrated approaches and latest technology for the best results.
Analysis and estimation of important industry trends, market size, and market share are mentioned in this Omega-3 report.
