ALBANY, N.Y., Jan. 24, 2022 /PRNewswire/ -- Advancements in methods notably FES (functional electrical stimulation) have driven new opportunities in disabling brain disorders particularly in stroke and traumatic brain injury. Gamification are increasingly underpinning advances in neurorehabilitation especially for promoting neuro-motor recovery. A case in point is use of virtual reality (VR) in gamification. The valuation of the neurorehabilitation devices market is projected to reach US$ 3.2 Bn by 2027.

Virtual reality technology and robotic neurorehabilitation have opened a promising avenue for the target population. A number of endpoint robots for the upper extremity rehabilitation have been commercialized, and thus have augmented the revenue sales in the neurorehabilitation devices market.

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Extensive research on neural interfaces and multimodal rehabilitative approaches are expected to pave the way to new revenue streams in the neurorehabilitation devices market. Companies are collaborating with neuroscientists to test new strategies in neurorehabilitation, concurs the TMR study.

Key Findings of Neurorehabilitation Devices Market Study

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Neurorehabilitation Devices Market: Key Drivers

Neurorehabilitation Devices Market: Regional Growth Dynamics

Players are leveraging the synergies of in-licensing and collaboration agreements to unveil innovative products in North America and Europe, assert the analysts scrutinizing lucrative market avenues in the TMR report. The opportunities in the neurorobotic systems and brain stimulators are anticipated to rise rapidly in the next few years, assert the TMR study on the neurorehabilitation devices market.

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North America held a major share of the global neurorehabilitation devices market in 2018. The revenue growth was propelled by the prevalence of various neurological disorders and widespread demand for the products in traumatic brain injuries. The U.S. is projected to contribute sizable revenue shares of the North America neurorehabilitation devices market during the forecast period (20192027). The TMR study estimates the U.S. market to advance at a CAGR of approximately 13% during the period. The adoption of safe neurorehabilitation products is propelling the growth of the market.

Aside from these, the Middle East, Africa, and Latin America are expected to be provide new avenues for companies in the neurorehabilitation devices market during the forecast period.

Neurorehabilitation Devices Market: Key Players

Some of the key players in the market are DIH Technologies Corporation, Medtronic plc, Reha Technology AG, Boston Scientific Corporation, Tyromotion GmbH, ReWalk Robotics, Neuro Device Group S.A., Saebo, Inc., Neurostyle Pte Ltd, DIH Technologies Corporation, Ekso Bionics, and Bionik Laboratories Corp.

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Neurorehabilitation Devices Market, by Product

Neurorehabilitation Devices Market, by Application

Neurorehabilitation Devices Market, by Region

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Neurorehabilitation Devices Market to Advance at CAGR of 12.5%, Novel Approaches in Gamification through VR to Offer Lucrative Opportunities, Says TMR...