Neurorehabilitation Market Scope 2023:
Neurorehabilitation is a rapidly growing field in healthcare, focused on improving the quality of life for patients with neurological disorders. This market is expected to continue its growth trajectory due to the increasing prevalence of neurological disorders such as Parkinson’s disease, Alzheimer’s disease, and traumatic brain injuries. Additionally, advances in technology and neuroimaging have enabled better diagnosis and treatment of these conditions, further driving demand for neurorehabilitation services. In fact, the global neurorehabilitation market size is projected to reach $3.2 billion by 2027, with North America accounting for the largest share of the market. The increasing adoption of telemedicine and virtual reality-based therapies is also expected to drive growth in this market, as they provide patients with access to rehabilitation services from the comfort of their own homes.
However, despite the growth potential of the neurorehabilitation market, there are challenges that must be addressed to ensure its continued success. For instance, the high cost of neurorehabilitation services can limit access for many patients, particularly those in lower-income brackets or without insurance coverage. Additionally, there is a shortage of qualified neurorehabilitation specialists, such as physiotherapists and occupational therapists, which can lead to long wait times for patients seeking treatment. Addressing these challenges will require collaborative efforts from governments, healthcare providers, and industry stakeholders to ensure that neurorehabilitation services are accessible to all patients in need. Overall, the neurorehabilitation market represents a promising opportunity for healthcare providers to improve the lives of patients with neurological disorders while also driving economic growth in the healthcare industry.
“According to SNS insider, The Neurorehabilitation Market Size is Escalated at US$ 1.29 bn in 2022, and is expected to reach US$ 2.58 bn by 2030, with a growing healthy CAGR of 9% over the forecast period 2023-2030.”
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The data for the Neurorehabilitation market research report was gathered, examined, and evaluated using the SWOT analysis, Poster’s Five Force analysis, and player positioning analysis, PESTEL analysis, value chain analysis, and market share analysis. The study investigates the size and extent of the domestic and regional markets. To produce a market projection in a global setting, the market analysis examines both past data and potential variables.
In light of a variety of factors, such as consumer preferences, financial investments, governmental laws, distribution routes, and brand loyalty, researchers can therefore use this research technique to evaluate the market. In-depth and qualitative analysis of industry projections, verifiable statistics, comparative data, market valuation, and market size volume are also included in Neurorehabilitation market research.
Major Key Players Analysis covered in Neurorehabilitation Market are listed below:
- Abbott Laboratories
- BioScience Managers Ltd
- Helius Medical Technologies
- Medtronic Inc
- Hocoma AG
- Ekso Bionics Holdings Inc
- Bionik Laboratories Corp
Neurorehabilitation Market Segmentation Analysis 2023
Based on type, application, end-use industry, and location, the market research report categorizes the Neurorehabilitation market. Based on current and future market trends, all industrial sectors are examined and evaluated. The analysis looks at the top-performing subcategories and forecasts the pace of growth for one of the important market sectors.
Major Segments and Sub-Segment of the Neurorehabilitation Market are Listed Below:
- 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
- Cognitive Care Centers
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In this study, the years considered to estimate the market size of Neurorehabilitation are as follows:
- History Year: 2016-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Year 2022 to 2028
Regional Analysis Covered in this report:
- North America [United States, Canada]
- Europe [Germany, France, U.K., Italy, Russia]
- Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
- Latin America [Mexico, Brazil, Argentina]
- Middle East & Africa [Turkey, Saudi Arabia, UAE]
The global Neurorehabilitation market research report extensively examines the sector globally. North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa make up the bulk of the market. Revenue, sales, shares, current developments, innovations, and growth rates are all taken into account when calculating the global top market share by region. The market is examined from the perspectives of many countries and regions in this area of the regional analysis.
The research includes a profile of each leading vendor in the industry, as well as information about their key goods and services. The report also looks at recent mergers and acquisitions among these big businesses. The Neurorehabilitation market research study also includes a list of the top manufacturers and distributors in each of the world’s key regions. Some industry companies have expanded their geographic and distribution reach as a result of the report’s findings.
Key highlights of the Neurorehabilitation market report
- The market research report examines all recent market changes and provides current industry information.
- The report evaluates the global market’s microeconomic and macroeconomic impacts.
- Important market drivers, restraints, trends, and opportunities are also covered, along with their current and long-term effects.
The Neurorehabilitation market research report provides direction for formulating plans to get around challenges and seize growth opportunities in the international market for both current firms and new operations.
Table of Contents – Major Key Points
- Research Methodology
- Market Dynamics
- Impact Analysis
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Neurorehabilitation Market Segmentation, By Type
- Neurorehabilitation Market Segmentation, By Application Type
- Neurorehabilitation Market Segmentation, By End-User Type
- Regional Analysis
- Company Profiles
- Competitive Landscape
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