Press Releases
Neurorehabilitation Devices Market to Expand at 15.5% CAGR Between 2016 - 2024

Neurorehabilitation Devices Market

, 19 February 2018 -- Neurorehabilitation devices market to reach US$3.2 bn by 2024; Emergence of several new therapies drives the value of Neurorehabilitation devices market; market for Neurorehabilitation devices to grow at 15.5% CAGR"

Neurorehabilitation devices have immense utility across the medical fraternity which has led to the rise of a number of players within the market. Hence, the global neurorehabilitation device market manifests a highly competitive vendor landscape. The top three players in the market held more than 50% of the total market share, reflecting the difficulties associated with the entry of new players into the market. These leading players are Medtronic, St. Jude Medical, and Hocoma; all of these players are expected to keep innovating their offerings in order to retain their dominance. The technological advancements coupled with the breakthroughs made in the domain of brain research have given an impetus to the development of neurorehabilitation facilities.

Report Overview @

The market players are on their toes to utilize the opportunities that lie within the market and gain a higher market share by offering better products. The leading market players have embraced key technologies such as Internet of Things (IoT), nanotechnology, and robotics in order to enhance their product portfolio. The lucrativeness of the market has prompted these players to stay abreast of the latest developments and harness them with immediate effect. St. Jude Medical introduced Proclaim ELITE which is the first of its kind system meant for relieving pain through a spinal cord stimulation system.

Transparency Market Research prognosticates that the market for neurorehabilitation devices would expand at a stellar CAGR of 15.50% over the period from 2016 to 2024. The market value is expected to rise from US$894.9 mn in 2015 to a robust figure of US$3.2 bn by 2024. Based on application, these devices find extensive use for curing and relieving the ailment caused Parkinson’s disease. Geographically, North America and Europe are anticipated to outdo all other regional markets. The prominence of the healthcare infrastructure along with the proficiency of medical personnel are expected to drive these regional market.

Request for Sample Copy of Report @

The growth of neurological disorders has escalated demand within the market. Parkinson’s disease has especially been a major matter of concern within the medical circles. This has risen the demand for neurorehabilitation devices because several healthcare units and practitioners now find these devices indispensable. Furthermore, the rising toll of patients who are diagnosed with neurological disorders such as traumatic brain injury, strokes, cerebral palsy, and spinal cord injury has been plaguing the healthcare industry. Governments across the globe have assisted in the purchase and installation of neurorehabilitation devices, thus, enhancing the prospects of market growth. Patients who have been suffering for prolonged periods have seen some hope in the form of advancements in technology. The nascent devices for neurorehabilitation are being welcomed by the healthcare industry in order to alleviate the burden of treatments. A peculiar factor driving demand within the market is the rise in the number of road accidents, especially in the Asia Pacific region.

Despite the rapid growth of the market, a number of factors still inhibit the smooth flow of the market. The lack of skilled surgeons and medical practitioners in developing countries has been a major downfall for the global market. Furthermore, the emerging economies are not in a position to make fundamental changes to their medical framework. Since neurorehabilitation devices incur high costs of implementation, the market is restrained in the financially weak regions. The lack of awareness in a number of regions also places a negative scar on the market. Nevertheless, the need to effectively treat neurological disorders will keep bolstering the stakes of the market.

Enquiry for discount on this report @

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

# # #

Submitted by hawer on Monday, 19 February 2018 at 8:54 PM
Category: Health Care & Medical
Related News

PromarkerD Diagnostic Test Leader Officially Launched
Tuesday, 20 Mar 2018

PromarkerD Diagnostic Test Leader Officially Launched
Tuesday, 20 Mar 2018

Thrombin Market to Reach US$ 690.1 Million by the End of 2025
Monday, 19 Mar 2018

Extracorporeal Membrane Oxygenation Machine Market: Adoption of ECMOs in ICU to Spike Demand
Monday, 19 Mar 2018

Insights of Corporate Wellness Services Market in US Industry : Development and Forecast 2018-2021
Monday, 19 Mar 2018

Related Events

Imaging in Hawaii
Monday, 19 Mar 2018

12th annual Paediatric Clinical Trials
Monday, 19 Mar 2018

9th Proactive GCP Compliance
Monday, 19 Mar 2018

20th Annual Superbugs and Superdrugs
Monday, 19 Mar 2018

The International ADHD Congress (ADHD 2018)
Monday, 19 Mar 2018

Latest News

Fan Victor Fantasy Sports Plugin Now Supports Multiple Cryptocurrencies
Tuesday, 20 Mar 2018

Prestressed Concrete Market to Expand with Significant CAGR During 2025
Tuesday, 20 Mar 2018

Ballast Water Management Market to Observe Strong Development by 2025
Tuesday, 20 Mar 2018

Boiler, Turbine, and Generator (BTG) Market to Witness Exponential Growth by 2025
Tuesday, 20 Mar 2018

Calcium Channel Blocker Market Progresses for Huge Profits During 2025
Tuesday, 20 Mar 2018

Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Tuesday, 20 March 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Consumer Technology
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
News & Media
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!

Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.

  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.

  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Topological States in Strongly Interacting Light-Matter Systems
  • Argus California Carbon and LCFS Summit
  • Imaging in Hawaii
  • 9th Proactive GCP Compliance
  • 12th annual Paediatric Clinical Trials

  • Latest Jobs
    Sorry, there are currently no entries posted here.