Neurorehabilitation
is a well-elaborated therapist-supervised medical procedure, which
aims at recovering a nervous system injury resulting from
non-functional to functional nervous system and improving the
well-being of a person. World health organization (WHO) survey of
2014, revealed that each year around 15 million people are affected
by neurological disorders, from which around 5 million suffer from
permanent disability. The report also revealed that, around 2.5
million people are affected with multiple sclerosis and 10 million
with Parkinson’s disease, every year, throughout the world.
Increase in the prevalence of neurological diseases among the
populace, creates a huge need to introduce neurorehab centers and
neurorehabilitation devices to ensure simplification of
normal-routine life and decrease patients’ dependability on others.
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Increase
in opportunities and demand for neurorehabilitation devices in the
market research industry
Higher
incidences of neurological disorders has helped boost the demand for
neurorehabilitation devices over the recent years. People’s
awareness related to health and the increasing investment in
healthcare industry have created a high demand for these devices.
According to Centers for Disease Control and Prevention (CDCP) 2015,
around 130,000 individuals face fatal strokes every year in the
United States. Thus, the increasing need to reduce the incidences of
strokes every year, has resulted in the increasing demand for
neurorehabilitation devices. Large number of people who are affected
by Parkinson’s disease are recorded in regions such as U.S., U.K.,
Finland, Iceland, and Ireland. These regions extensively employ
neurorehabilitation devices, fueling market growth.
Asia
pacific region making progressive walk towards neurorehabilitation
device market
According
to world health organization (WHO) 2016, the North American region
was leading the global market for using and forming novel
neurorehabilitation devices as this region comprises of a large
population suffering from neural diseases. The same reports suggests
that North America and Europe together hold around 34% of the share
in this global market. However, Asia Pacific is expected to progress
towards the leading position in the global market for
neurorehabilitation devices over the forecast period. . Moreover,
Asia Pacific market is increasing the public awareness and investment
in health care.
Collaboration
of key players to make lucrative developments
The
major key players of neurorehabilitation devices market are Bioness,
Inc., Ectron Ltd., Hocoma AG, Medtronic, Tyromotion, Agiliad,
Bioxtreme Robotics Rehabilitation, St Jude Medical Inc., Alter G
Inc., Denecor, Ekso Bionics Holding Inc., Helius, Interactive Motion
Technologies, Kinestica, Kinetic Muscles, Medtronic Plc., and
Neurostyle.
The
neurorehabilitation devices market has been segmented on the basis of
products, indication, and geography:
On
the basis of products, the neurorehabilitation devices market is
segmented into:
-
Wearable Devices
-
Brain computer Interface
-
Neurorobotic System
-
Non-invasive Stimulators
On
the basis of indication, the neurorehabilitation devices market is
segmented into:
-
Parkinson’s Disease
-
Stroke
-
Traumatic Brain Injury
-
Cerebral Palsy
On
the basis of region, the neurorehabilitation devices market is
segmented into North America, Europe, Asia Pacific, Latin America,
Middle East, and Africa.
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