Neurorehabilitation is an advanced recovery treatment method designed for those individuals who have nervous system related injury or disorder which helps to restore their lost abilities, supervised by doctors.

Neurorehabilitation devices involve of non-invasive brain stimulators, brain-computer interfaces, neurorobotic systems, and wearable devices. Neurorehabilitation devices facilitate to reduce symptoms, improve neurological related function. This device most commonly used for physiotherapy and it improve patient quality life. For handling this device and help patient to improved neuro function, skilled professionals are required.  There are various type of devices available in the market such as Neuro-Robotic Devices, Wearable Devices, Non-Invasive Stimulators, and Brain-Computer Interfaces. According to the WHO, Neurological diseases affect 1 billion people across the globe.

Market scope and structure analysis:

COVID-19 Scenario Analysis:

Coronavirus disease 2019 (COVID-19) has created an economic crisis along with a health care crisis. COVID-19 pandemic has stretched healthcare system worldwide, developed countries are expected to cause economic recession. The Covid-19 pandemic has an adverse impact on the healthcare system, resulting in 50% to 70% drop in revenue from March. Many small hospitals, clinics and nursing homes, have been forced to shut their operations. As a result of social distancing and localized curfews have resulted in delayed elective surgical procedures. In addition, visa cancellations have led to a hiatus in medical tourism and can negatively impact the healthcare services market growth. Due to the ongoing outbreak of COVID-19 it impacted neurorehabilitation market. It mostly affect physiotherapy program who used this device which is conducted by various hospitals and also affect the supply chain of the product. R&D sectors are temporarily shutting down due to coronavirus outbreak and major market player lost their business.

As the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries across the globe with the “World Health Organization” announcing it a public health emergency. The global impacts of the COVID-19 pandemic are already starting to be felt, and will significantly affect the neurorehabilitation market in 2020. COVID-19 can affect the global economy in three main ways by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis:

Globally, the market is accounted as profitable growth due to the growing number of various neurological disorder including multiple sclerosis, Alzheimer’s, stroke, epilepsy. The North Americas dominate the global neurorehabilitation market attributed to the, growing number of neurological disease, Increasing geriatric population, large number of product launches, presence of major payers, rising investment in the production of neurorehabilitation devices. While, Europe is a second largest a market share in the global neurorehabilitation market due to the availability of approved product and increasing occurrence of neurological diseases. Whereas, Asia-Pacific is projected to be the fastest-growing region in the global market attributed to the rising prevalence of neurological diseases, increases the demand for neurorehabilitation devices and growing number of geriatric population.  According to WHO, each year 140,000 individual’s die due to the stroke disease in every country and 87% patient are suffering from ischemic strokes World Health Organization (WHO), reported that  5 million people are diagnosed with epilepsy each year and every year, 250,000 - 500,000 individuals are suffering from a spinal cord injury (SCI) globally.

The major driving factor that drive the neurorehabilitation market such as growing number of geriatric population, rising demand for neurorehabilitation device in the market, rising the number robotic  rehabilitation, rising awareness about the technologies, increasing government initiative etc. the factor that restrain the neurorehabilitation market such as stringent government regulation and rising requirement of skilled professional.  The major opportunities’ available in the market such as, developing new advanced therapy, rising awareness about the neuro related therapy and recent technologies available in the market etc.
New product launches to flourish the market:

The new product with improved capabilities have been launched by leading market Players. They have taken necessary steps to improve accuracy and functionality of devices. Leading market players have determined how improved accuracy can be influential in many applications. Recently neurorehabilitation devices available in the market such as non-invasive stimulators, neurorobiotics, and brain computer interface. In 2017, “Nexstim” has launched, “Navigated Brain Stimulation” (NBS) and “Transcranial Magnetic Stimulation” (TMS) which is used to diagnosis brain related issue. In 2018, “Zynex” has launched “non-invasive devices” which is most commonly used in NeuroDiagnostics for EMG and EEG diagnostic. In 2018 “NEOFECT, has launched “RAPAEL”, it is lightweight rehabilitation device which is used to help patients with musculoskeletal and neurological injuries.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global neurorehabilitation market industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global neurorehabilitation market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global neurorehabilitation market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global neurorehabilitation market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Neurorehabilitation Market research report:

• Who are the leading market players active in the neurorehabilitation market?

• What are the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that will help in taking further strategic steps?