Registering a CAGR of 12.6% over the forecast period of 2022-2027, the global Rehabilitation Robotics market is anticipated to reach the market value of US$ 329.8 in the year 2027 from US$ 137 in the year 2022.
Rehabilitation robotics is a field of research dedicated to augmenting and understanding rehabilitation via application of robotics devices. Rehabilitation robotics include development of robotic devices made for assisting various sensorimotor functions like ankle, hand, arm, leg and development of various schemes of assisting therapeutic training and assessment of patient’s sensorimotor performance where robots are primarily used as therapy aids rather than assistive devices. Patients usually tolerate the rehabilitation using robotics and it is found to be an effective aid to therapy for individuals who suffer from motor impairments, mainly stroke. There is a high concentration in the US and Europe market while USA remains the largest market with 30% of global sales market residing there.
Over the assessment period, the availability of a wide range of robotic devices for assistive movement with various classifications is likely to drive the market. According to the targeted extremity and therapy type, the classifications include their intended usage in assistive applications or rehabilitation.
These products are automated systems that provide therapeutic therapy to patients in order to improve their physical, social, and cognitive performance, as well as assist patients with chronic disabilities in returning to their daily activities.
Top Key Players in the Rehabilitation Robotics Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Rehabilitation Robotics Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include AlterG, Bionik, Ekso Bionics, Myomo, Hocoma, Focal Meditech, Honda Motor, Instead Technologies, Aretech, MRISAR, Tyromotion, Motorika, SF Robot, Rex Bionics, and others.
Industry News and Updates:
Market is segmented based on the type, applications, companies and regions.
By Type, Rehabilitation Robotics Market has been segmented into
By Type, Rehabilitation Robotics Market has been segmented into
The report offers an in-depth assessment of the growth and other aspects of the Rehabilitation Robotics Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.
The aging societies of the Asia-Pacific, such as Japan and China, are driving growth in the medical technology sector, thus, creating a huge market for rehabilitation robots in the region. According to the Ministry of Internal Affairs and Communications (Japan), in 2017, around 35.2 million inhabitants were aged 65 or older. This number was projected to grow to 36.2 million in 2020. This is encouraging companies to invest in products for the elderly in the region.
Stroke is one of the leading causes of adult disabilities in China. This, in turn, has resulted in a rising awareness concerning robot-assisted treatments, driving investments in this technology. In 2018, Avicrobot (a subsidiary of the Aviation Industry Corporation of China) developed a lower-limb rehabilitative robot. The company also collaborated with Xijing Hospital (China) to develop the robot. They cooperatively launched a rehabilitative robot research center to provide data support for such robots.
Rehabilitation Robotics Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects in the global market. The Global Rehabilitation Robotics Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Report Title | Rehabilitation Robotics Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: AlterG, Bionik, Ekso Bionics, Myomo, Hocoma, Focal Meditech, Honda Motor |
Forecast Period 2022 to 2028 CAGR | CAGR of 12.6% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | AlterG, Bionik, Ekso Bionics, Myomo, Hocoma, Focal Meditech, Honda Motor, Instead Technologies, Aretech, MRISAR, Tyromotion, Motorika, SF Robot, Rex Bionics, and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 133 |
Customization Available | Yes, the report can be customized as per your needs |
Frequently Asked Questions
What is the study period of this market?
The Rehabilitation Robotics Market is studied from 2017 - to 2027.
What is the growth rate of the Rehabilitation Robotics Market?
The Rehabilitation Robotics Market is growing at a CAGR of 12.6% over the next 5 years.
Who are the key players in Rehabilitation Robotics Market?
AlterG, Bionik, Ekso Bionics, Myomo, Hocoma, Focal Meditech, Honda Motor, Instead Technologies, Aretech, MRISAR, Tyromotion, Motorika, SF Robot, Rex Bionics, and others.
What regions does this Rehabilitation Robotics Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Rehabilitation Robotics Market?
Lower Extremity, Upper Extremity, Exoskeleton
What are the major end-use applications of Rehabilitation Robotics Market?
Sports and Orthopedic Medicine, Neurorehabilitation, Military Strength Training
All our reports are customizable to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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