A
research study titled, Neurorehabilitation Devices Market by Product and
Application - Global Industry Analysis and Forecast to 2025” published by
Crystal Market Research, states that the Neurorehabilitation devices market is
projected to be around $4 billion by 2025.
An
injury to the central nervous system or the brain can significantly affect a
person’s ability to perform a variety of day to day tasks or activities.
Neurorehabilitation helps improve the patient’s ability to function
independently after he is diagnosed with conditions such as stroke, multiple
sclerosis, brain tumor, Parkinson’s disease, epilepsy and traumatic brain
injury among other neurological disorders. Neurorehabilitation is a
multi-modal, multi-disciplinary approach to help such patients to improve their
physiological functioning.
Neurorehabilitation
can be broadly classified into three coordinated phases, viz. intermediate
care, acute rehabilitation and occupational rehabilitation. Patients undergoing
neurorehabilitation usually go through more than one of these phases. Acquired
brain injuries severely affect the neurological functioning of patients
especially in early stage. Such effects could range from dysphagia, in which
patients have difficulty in swallowing, impaired consciousness to immobility
(paralysis). In Intermediate care, the focus is on restoring and improving the
basic bodily functions. This involves, ensuring that the patient can ingest
food and breath, stabilizing the circulation, preventing muscle stiffness and
self-injury, and prevent the distressing effects of anxiety and restlessness.
In acute rehabilitation, along with improving patients’ mental and physical
capabilities, the therapy is focused towards enabling patients to gain
independence in their daily life to perform their everyday activities. Once
these patients are able to cope with everyday activities, the next challenge is
to return to work. Occupational rehabilitation programmes can be designed to
improve patients’ stamina and physical condition. Such activities can ensure
that the patient can perform his routine tasks with the required level of
physical fitness and stamina.
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Some
of the key drivers for the growth of neurorehabilitation devices market are,
increasing prevalence of neurological diseases such as cerebral palsy, stroke,
multiple sclerosis, brain injuries and other such disorders. According to the
Parkinson’s Disease Foundation, nearly 60,000 Americans are diagnosed with
Parkinson’s disease every year excluding thousands of cases that go undetected.
Such high prevalence of these neurological disorders will largely contribute to
the demand for neurological rehabilitation devices over the coming years.
However, the high cost of neurological rehabilitation treatments and a dearth
of skilled professionals to operate sophisticated rehabilitation devices can
hinder the growth of the neurorehabilitation devices market.
Neurorobotics
segment occupied the largest share of the global neurorehabilitation devices
market in 2016 owing to advancements in robotics technology and its combination
with neuroscience leading to the emergence of next-generation rehabilitation
techniques such as exoskeletons. As these devices largely assist patients in
enhancing their motor functions and independently perform daily routine
activities, the segment will witness favorable growth during the forecast
period. Based on the applications of neurorehabilitation, stroke segment held a
major market share in 2016 due to increasing incidence of stroke worldwide
which leads to physical disability among the patients.
U.S.
accounted for the major share of North America neurorehabilitation devices
market in 2016 owing to the presence of highly advanced healthcare
infrastructure along with high disposable income of the people in the country.
Emerging countries such as India and China in the Asia-Pacific region will
witness robust growth with respect to neurorehabilitation devices market as the
awareness related to neurological disorders and their rehabilitation is on the
rise in these regions leading to increasing adoption of neurorehabilitation
devices.
The
major players in the neurorehabilitation devices market focus on product
development to secure a larger share of the market. With development of
technologically advanced products, these players facilitate further
acceleration of the market growth. Some of the key players in the
neurorehabilitation devices market are, Saebo, Inc., Kinova Robotics,
Kinestica, Bionik Laboratories Corp, Ekso Bionics Holdings, Inc., Biometrics
Ltd, AlterG, Inc., Medtronic plc, Tyromotion GmbH, St. Jude Medical, Inc.
(Acquired by Abbott Laboratories
Inc.), Hocoma AG and Bioness Inc.
Browse full research report
with TOC on “Neurorehabilitation Devices Market by Product and Application -
Global Industry Analysis and Forecast to 2025” at:
Key
Findings of the Research Study:
- Neurorobotics
segment accounted for the largest share of the neurorehabilitation devices
market in 2016 owing to advancements in the fields of prosthetics and
exoskeletons allowing patients affected by severe neurological conditions
to improve their motor functions.
- Non-invasive
stimulators segment is projected to register fastest growth over the
forecast period as such therapies enable alleviation of physical symptoms
of disorders such as Parkinson’s disease and improve the quality of life
of the patients.
- North America
accounted for a little over two-fifth share of the global
neurorehabilitation devices market in 2016 owing to the extensive presence
of target population, increasing aging population in the region and
availability of robust healthcare infrastructure.
- Asia-Pacific
neurorehabilitation devices market is expected to grow with double-digit
growth rate during the forecast period due to the prevalence of highly
unmet medical needs in the region and increasing awareness regarding
neurorehabilitation supported by increasing disposable income.
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