Neurorehabilitation Devices Market Size

Neurorehabilitation Devices Market Size

Neurorehabilitation Devices Market was valued at USD 1.9 billion in 2023 and is anticipated to grow at a CAGR of over 13.4% between 2024 and 2032. Neurorehabilitation devices refer to a category of medical devices designed to aid in the rehabilitation and recovery of individuals with neurological disorders or injuries. The rising prevalence of neurological disorders is anticipated to augment the market growth. Globally, one in four individuals face the risk of experiencing a stroke in their lifetime, as per the World Health Organization (WHO). Additionally, as per statistics, an estimated 1.8 million people are affected by multiple sclerosis in 2023, while over 10 million individuals suffer with Parkinson's disease worldwide. 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.

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Furthermore, ongoing technological advances are pivotal in developing innovative neurotech devices, such as EksoNR Robotic Exoskeletons, InMotion Robotics, BrainRobotics hand (brain-computer interfaces), virtual reality, and wearable medical devices, which is estimated to reach USD 750 billion by 2032. These state-of-the-art technologies contribute significantly to more personalized and engaging rehabilitation interventions, enhancing patient outcomes through sophisticated and tailored approaches.