Canada Neurorehabilitation Devices Market Size & Outlook
Canada neurorehabilitation devices market, 2018-2030 (US$M)
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Canada neurorehabilitation devices market highlights
- The Canada neurorehabilitation devices market generated a revenue of USD 83.6 million in 2023 and is expected to reach USD 227.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 15.4% from 2024 to 2030.
- In terms of segment, neurorobotics was the largest revenue generating product in 2023.
- Wearable devices is the most lucrative product segment registering the fastest growth during the forecast period.
Neurorehabilitation devices market data book summary
| Market revenue in 2023 | USD 83.6 million |
| Market revenue in 2030 | USD 227.8 million |
| Growth rate | 15.4% (CAGR from 2023 to 2030) |
| Largest segment | Neurorobotics |
| Fastest growing segment | Wearable devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Neurorobotics, Brain-computer interface, Wearable devices, Non-invasive Stimulators |
| Key market players worldwide | Bioventus Inc Class A, Tokyo Electron Ltd, Medtronic PLC, IDEX Biometrics ASA, Bionik Laboratories Corp, Bioceres Crop Solutions Corp, Ekso Bionics Holdings Inc, Kinovo PLC, Abbott Laboratories |
Other key industry trends
- In terms of revenue, Canada accounted for 4.2% of the global neurorehabilitation devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. neurorehabilitation devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 227.8 million by 2030.
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Neurorehabilitation Devices Market Scope
Neurorehabilitation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada neurorehabilitation devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to neurorehabilitation devices market will help companies and investors design strategic landscapes.
Neurorobotics was the largest segment with a revenue share of 36.24% in 2023. Horizon Databook has segmented the Canada neurorehabilitation devices market based on neurorobotics, brain-computer interface, wearable devices, non-invasive stimulators covering the revenue growth of each sub-segment from 2018 to 2030.
In terms of prevalence and incidence of neurological disorders, Canada is the most promising market for neurological rehabilitation devices. With key companies, such as Bionik Laboratories and Kinova Robotics, engaged in manufacturing & distribution of neurorehabilitation devices, Canada provides rising growth opportunities for neurorehabilitation devices market.
According to Heart & Stroke Foundation Canada, more than 400,000 Canadians suffer from long-term stroke disability. In 2012, more than 13,000 Canadians died due to stroke. Canada has the highest prevalence of multiple sclerosis in the world, with around 100,000 people estimated to be suffering from the disease.
Also, around 55,000 people are suffering from Parkinson’s disease. The adoption of neurorehabilitation treatments is expected to grow in Canada, as many treatments are covered under medical insurance and the average out-of-pocket expenses are high.
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Our clientele includes a mix of neurorehabilitation devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada neurorehabilitation devices market , including forecasts for subscribers. This country databook contains high-level insights into Canada neurorehabilitation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada neurorehabilitation devices market size, by product, 2018-2030 (US$M)
Canada Neurorehabilitation Devices Market Outlook Share, 2023 & 2030 (US$M)
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