NEUROREHABILITATION DEVICES MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 The neuro-robotic devices segment projects significant growth in the neurorehabilitation devices market. It is anticipated to show a similar trend over the forecast period owing to the increasing burden of neurological diseases, technological advancements in robotics, and their combination with neuroscience, coupled with the launch of newer products. Neuro-robotic devices combined with neuroscience and rehabilitation are the new methods for treating neurological disorders, which provide different ways of treatment depending on the specific function to be restored. Robotic devices for neurorehabilitation can be divided into two main categories based on the different types of physical human-robot interactions, such as end-effector devices and exoskeletons.

The research studies performed to understand the effectiveness of the robotic approach in neurorehabilitation also contribute to the adoption of devices and thus drive the growth of the segment. For instance, in an article published in September 2022 in Frontiers, the engineering viability, and efficacy of a cable-driven neuro robot is found to be a useful tool to supplement the established physiotherapy regimens and for giving accurate measures of the patient's performance and progress during neurorehabilitation. Thus, the high effectiveness of neurorobotic devices in different studies may lead to increased adoption of these devices, thereby driving the growth of the segment.

The neurorehabilitation devices market is expected to register a CAGR of 13.7% during the forecast period.

COVID-19 has significantly impacted the growth of the neurorehabilitation market owing to factors such as delayed consultations and therapies. For instance, as per the article published in January 2022 in PubMed, during the COVID-19 pandemic, different organizational models were implemented in neurorehabilitation, which had an impact on the duration of treatments, the physical and mental health of healthcare professionals, and the workload of caregivers. Furthermore, according to the study published in October 2021, telerehabilitation was perceived as a key innovation and an effective strategy to combat the pandemic and lower the worldwide handicap load. It also reported that the pandemic scenario presented an opportunity to optimize and scale up health-related technology advancements to tackle the rising burden of neurological impairment in LMICs. Since the COVID-19 restrictions were lifted, the neurorehabilitation devices market is anticipated to witness growth due to the rise in the prevalence of neurological disorders and technological advances in neurorehabilitation devices.

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