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Europe Neurorehabilitation Device Market Forecast 2019-2028

KEY FINDINGS
The Europe neurorehabilitation device market is estimated to project a CAGR of 14.95%, across the forecast years of 2019 to 2028. High prevalence of strokes and Alzheimer's disease, growth in the aging population, and strategies adopted by various market players are predicted to hike the region's market growth.

MARKET INSIGHTS
The Europe neurorehabilitation device market growth is determined by the analysis of Italy, the United Kingdom, France, Russia, Poland, Belgium, Germany, and the rest of Europe. In Germany, the neurorehabilitation market is primarily driven by the rising geriatric population and different approaches adopted by key market enterprises. The demand for neurorehabilitation devices is anticipated to rise, as people above the age of 60 are more likely to be susceptible to neurological conditions like Alzheimer's disease, dementia, and Parkinson's disease. According to statistics, people between the ages of 40 and 49 account for the largest age group in Germany, estimating for at least 23.9 million people in 2020. Moreover, strategies implemented by various market players like product launches and rising healthcare expenditures are projected to bolster the country's demand for neurorehabilitation devices.
The Stroke Alliance for Europe (SAFE), reported that over 57,000 cases of strokes are registered annually, in France. As a result, the demand for neurorehabilitation devices is expected to surge as they enable the generation of training programs for patients suffering from different types of neurological disorders. Additionally, the prevalence of neural conditions, integrated with varying degrees of physical disabilities, is predicted to hike the market growth in the region, across the forecast period.

COMPETITIVE INSIGHTS
Some of the renowned companies in the market include Biometrics Ltd, Kinestica, Ectron Limited, Abbott Laboratories, Hokoma AG, etc.

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Europe Neurorehabilitation Device Market Forecast 2019-2028
Published By :Inkwood Research
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