Neurorehabilitation Market Trends and Overview

The Neurorehabilitation Market Size was assessed at USD 1.29 billion in 2022 and is predicted to increase at a compound annual growth rate (CAGR) of 9% from 2023 to 2030, reaching USD 2.58 billion.

In 2022, the Neurorehabilitation Market Size was evaluated at USD 1.29 billion. Looking ahead, this market is expected to witness a steady growth trajectory, with a projected compound annual growth rate (CAGR) of 9% from 2023 to 2030. By the end of this period, it is anticipated that the market will reach a substantial value of USD 2.58 billion.

Neurorehabilitation, a field dedicated to the rehabilitation of individuals with neurological disorders, has been gaining significant attention and investment in recent years. The increasing prevalence of neurological conditions, such as stroke, traumatic brain injuries, and spinal cord injuries, has propelled the demand for effective neurorehabilitation solutions.

The projected growth in the neurorehabilitation market can be attributed to several factors. Technological advancements in the field, including the development of innovative rehabilitation devices and therapies, have revolutionized the way neurological disorders are treated. Additionally, the growing awareness among healthcare professionals and patients about the benefits of neurorehabilitation has further fueled the market's expansion.

Furthermore, the rising geriatric population, which is more susceptible to neurological disorders, has contributed to the market's growth. As the elderly population continues to increase globally, the demand for neurorehabilitation services is expected to surge.

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Geographically, North America currently dominates the neurorehabilitation market, owing to the presence of advanced healthcare infrastructure and a high prevalence of neurological disorders in the region. However, Asia Pacific is anticipated to witness the highest growth rate during the forecast period. Factors such as the increasing healthcare expenditure, rising awareness about neurorehabilitation, and improving healthcare infrastructure in countries like China and India are driving the market's.

KEY MARKET SEGMENTATION:

By Type

• Wearable Devices
• Neuro-Robotic Devices
• Brain-Computer Interface (BCIs)
• Non-Invasive Stimulators

By Application type

• Parkinson's Disease
• Spinal cord injury
• Brain stroke
• Cerebral palsy
• Multiple sclerosis
• Schizophrenia etc.

By End-User type

• Hospitals
• Cognitive Care Centers
• Clinics

Major Players Listed in the Report are as Follows:

Abbott Laboratories, BioScience Managers Ltd, Helius Medical Technologies, Medtronic Inc, Hocoma AG, Ekso Bionics Holdings Inc, Bionik Laboratories Corp, and other players.

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