PUBLISHER: Orion Market Research | PRODUCT CODE: 1715268
PUBLISHER: Orion Market Research | PRODUCT CODE: 1715268
Global Neurorehabilitation Devices Market Size, Share & Trends Analysis by Product (Neurorobotics, Brain-Computer Interface, Non-Invasive Stimulators), by Therapy Area (Stroke, Parkinson's Disease, Multiple Sclerosis, Cerebral Palsy and Others), and by End-User (Rehabilitation Centers, Hospitals and Clinics, and Homecare) and Forecast Period (2025-2035)
Industry Overview
Neurorehabilitation devices market size was $2.1 billion in 2024 and is anticipated to grow at a CAGR of 13.9% during the forecast period (2025-2035). Neurorehabilitation devices refer to a category of medical devices designed to aid in the rehabilitation and recovery of individuals with neurological disorders. The rising prevalence of neurological disorders is anticipated to augment the industry's growth. Globally, one in four individuals faces the risk of experiencing a stroke in their lifetime, as per the World Health Organization (WHO). Additionally, an estimated 1.8 million people will be affected by multiple sclerosis in 2023, while over 10 million individuals suffer from Parkinson's disease globally. Thus, as the incidence of neurological disorders increases globally, there is a growing demand for effective rehabilitation solutions to address the resulting impairments and disabilities, thereby stimulating market growth.
Market Dynamics
Rising Prevalence of Neurological Disorders
The neurorehabilitation devices market is experiencing rapid growth due to the increasing prevalence of neurological disorders such as stroke, Parkinson's disease, traumatic brain injuries (TBI), and spinal cord injuries. The rising aging population further fuels demand, as older individuals are more susceptible to these conditions. Technological advancements, including robotics, brain-computer interfaces (BCIs), wearable neurorehabilitation devices, and artificial intelligence (AI)-driven therapies, are enhancing treatment outcomes and making rehabilitation more accessible. Additionally, the growing trend toward home-based rehabilitation and telehealth solutions is expanding the market, allowing patients to receive therapy remotely.
Expanding Market for Neurorehabilitation Devices
The neurorehabilitation devices market is undergoing significant expansion, driven by a combination of demographic shifts, technological breakthroughs, and evolving healthcare delivery models. The rising incidence of neurological disorders, including multiple sclerosis, cerebral palsy, and Alzheimer's disease, is intensifying the demand for advanced rehabilitation solutions. Meanwhile, the integration of AI-powered analytics, virtual reality (VR) therapy, and exoskeleton-assisted rehabilitation is revolutionizing patient care by improving precision and engagement. The shift toward personalized rehabilitation programs, supported by cloud-based data tracking and remote patient monitoring, is further reshaping the industry.
Market Segmentation
Wearable: A Key Segment in Market Growth
The wearable devices segment is expected to expand at a significant pace in the coming years the wearable devices' unique attributes, such as portability, user-friendliness, and real-time data tracking. These devices, equipped with sensors and connectivity features, enable continuous monitoring and management of neurological conditions, making them an ideal choice for home-based rehabilitation. The multifaceted features powered by virtual assistants and AI technology are projected to create lucrative opportunities for this segment during the projection period.
The global neurorehabilitation devices market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the growing aging population, neurological disorders, and the rising disposable income in emerging economies are driving the neurorehabilitation devices market in the Asia Pacific.
North America Region Dominates the Market with Major Share
North American region is anticipated to grow at a considerable CAGR over the forecast period. The primary factor supporting the North American market growth includes the growing aging population, and an increasing number of neurological disorders, which increases the need for neurorehabilitation equipment in North America. In 2022, according to the Centers for Disease Control and Prevention (CDC), every year, more than 795,000 people in the US have a stroke. About 610,000 of these are first or new strokes. About 185,000 strokes, nearly 1 in 4 are in people who have had a previous stroke. About 87% of all strokes are ischemic strokes, in which blood flow to the brain is blocked. Every 40 seconds, someone in the US has a stroke. Every 3 minutes and 14 seconds, someone dies of a stroke. Such factors compelled the market players to expand the market in North America. In February 2023, MindMaze launched the Izar neurological rehabilitation device in the US and Europe. Izar is described as a "first-of-its-kind," US Food and Drug Administration (FDA)-listed and CE-marked smart peripheral for patients with impairment in hand motor function. This proprietary peripheral is part of a comprehensive, omni-site approach to the treatment and maintenance of neurological diseases, including stroke, Parkinson's disease, Alzheimer's disease, and traumatic brain injury (TBI), among others.
The major companies serving the neurorehabilitation devices market include Neuralink Corp., Kernel, Inc., Medtronic Plc, Rehabtronics Inc, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2024, Australian company Synchron developed a non-invasive BCI that integrates with devices such as Amazon Alexa and OpenAI's ChatGPT, enabling individuals with severe paralysis to control smart devices through thought alone. This technology has shown promising results in clinical trials, with no adverse effects reported over 12 months.
Recent Development