South Africa Neurorehabilitation Devices Market Size & Outlook
South Africa neurorehabilitation devices market, 2018-2030 (US$M)
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South Africa neurorehabilitation devices market highlights
- The South Africa neurorehabilitation devices market generated a revenue of USD 9.6 million in 2023 and is expected to reach USD 26.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 15.7% 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 9.6 million |
| Market revenue in 2030 | USD 26.5 million |
| Growth rate | 15.7% (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, South Africa accounted for 0.5% 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 Middle East & Africa, South Africa neurorehabilitation devices market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 26.5 million by 2030.
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Neurorehabilitation Devices Market Scope
Neurorehabilitation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 36.46% in 2023. Horizon Databook has segmented the South Africa 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.
The state of the neurological disease burden in the African region including South Africa is considerably high. According to the report ‘Neurological Disorders – Public Health Challenges’ by the WHO, in terms of mortality due to neurological disorders African region has been graded at stratum D & E.
South Africa falls in the E stratum and thus has been classified as a lower-middle income country with a high child mortality and very high adult mortality due to neurological disorders. This warrants the need for considerable neuro-rehabilitation centers in the region to help keep a check on the disease burden.
However, provision of such rehabilitation in the country poses considerable challenge owing to the presence of limited income and services that are available to cater to such a large demographic mass with significant lack of medical insurance coverage.
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Our clientele includes a mix of neurorehabilitation devices market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa neurorehabilitation devices market , including forecasts for subscribers. This country databook contains high-level insights into South Africa neurorehabilitation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa neurorehabilitation devices market size, by product, 2018-2030 (US$M)
South Africa Neurorehabilitation Devices Market Outlook Share, 2023 & 2030 (US$M)
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