Rehabilitation Robots Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 26.12 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Rehabilitation Robots Market Analysis
The Rehabilitation Robots market is expected to register a CAGR of 26.12% over the forecast period (2021 - 2026). Many people suffer from injuries that require long-term medical rehabilitation every year. The rehabilitation process is complex, with psychological and physical dimensions, and outcomes are difficult to guarantee. Thus, these robots are being developed to help people with various medical conditions on their road to recovery.
- The increasing aging population and a growing number of stroke rendering people immobile are among the significant factors driving the demand from the rehabilitation robots market. Research into rehabilitation robotics is proliferating, and the number of therapeutic rehabilitation robots is also expected to expand over the forecast period. Robot rehabilitation therapy can deliver high-intensity training, thus, making it useful for patients with motor disorders caused by spinal cord disease or stroke.
- As per the International Federation of Robotics, the sales of assistance robots for the elderly and disabled communities will total around 37,500 units in 2016-2019 and is expected to increase substantially over the forecast period. Companies such as Toyota are investing in developing rehabilitation robots to assist the elderly population by enabling them to live independently and to provide support for their care-givers.
- Numerous hospitals have started using robotics within their rehabilitation centers. For instance, Kindred Hospital Rehabilitation Services installed Bionik Laboratories' InMotion Arm robotic system in its inpatient rehabilitation hospitals throughout the United States.
- Currently, the main concern for the implementation of the rehabilitation robots in any medical center is usually the cost. However, with the depreciating prices of such devices, it is not long until robot-assisted rehabilitation will become mainstream in healthcare.
Rehabilitation Robots Market Trends
This section covers the major market trends shaping the Rehabilitation Robots Market according to our research experts:
Exoskeleton Robots are Expected to Hold the Major Share
- Exoskeletons are designed to accelerate human strength and other abilities for medical purposes. An increasing number of patients with body movements disorders such as Parkinson’s disease, strokes, etc. are the prime factors accelerating the exoskeleton demand as these diseases limit voluntary body movements and create problems in daily routine activities.
- Robotic exoskeletons are emerging as a rehabilitation tool to improve various health-related consequences after spinal cord injury. For instance, ReWalk is the first exoskeleton that recieved FDA clearance for rehabilitation use in the United States. This robotic exoskeleton enables individuals with spinal cord injury to stand upright, walk, turn, and climb.
- Moreover, with the ongoing technological advancements to ensure therapists have access to better tools to deliver superior patient care are anticipated to drive the demand of the market. For instance, in 2019, Ekso Bionics launched EksoNR, a robotic exoskeleton for neurorehabilitation purposes. EksoNR empowers patients recovering from a stroke or other conditions to walk again with a natural gait. It is equipped with EksoView, a touchscreen controller that lets therapists adapt assistance to challenge patients by using real-time feedback and perform outcome measures during use.
Asia-Pacific is Expected to Experience Rapid Growth
- 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.
- Similarly, other countries in the region are also adopting robotic devices to provide better treatment for the patients. For instance, in 2018, New Life Rehab Hospital (India) adopted robotic rehabilitation for Neuro, Ortho and Geriatric patients. They are using robotic devices that are attached to the patient to help them move their limbs in a natural manner.
Rehabilitation Robots Industry Overview
The rehabilitation robot market is competitive and consists of several players. The entire market is not dominated by any particular company. The market has also attracted many startups that are working closely to design these robot technologies to increase their market presence.
- January 2019 -Bionik Laboratories Corporation launched InMotion ARM/HAND robotic system for clinical rehabilitation of stroke survivors and for people with mobility impairments due to neurological conditions.The improved robotic system is developed as per the principals of motor learning and neuro-plasticity and utilizes artificial intelligence and data analysis to offer individualized therapy to patients.
Rehabilitation Robots Market Leaders
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Cyberdyne Inc.
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Ekso Bionics Holdings Inc.
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Bionik Laboratories Corporation
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Hocoma AG
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Rehab-Robotics Company Limited
*Disclaimer: Major Players sorted in no particular order
Rehabilitation Robots Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Aging Population
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4.2.2 Rising Prevalance of Medical Conditions such as Spinal Cord Injuries, Stroke, Parkinson's disease and Cerebral Palsy
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4.3 Market Restraints
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4.3.1 High Cost of the Devices
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4.4 Industry Attractiveness - Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Exoskeleton Robots
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5.1.2 Therapeutic Robots
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5.2 Geography
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5.2.1 North America
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5.2.2 Europe
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5.2.3 Asia-Pacific
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5.2.4 Rest of the World
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Bionik Laboratories Corporation
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6.1.2 Cyberdyne Inc.
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6.1.3 Ekso Bionics Holdings Inc.
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6.1.4 ReWalk Robotics Ltd
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6.1.5 Hocoma AG (DIH International Ltd.)
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6.1.6 Rehab-Robotics Company Limited
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6.1.7 Kinova Inc.
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6.1.8 Rex Bionics Ltd
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- *List Not Exhaustive
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7. INVESTMENT ANALYSIS
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8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Rehabilitation Robots Industry Segmentation
Rehabilitation robot is an automatically operated machine designed to improve movement in persons with impaired physical functioning. These robots can support and enhance clinicians’ productivity and effectiveness as they try to facilitate an individual’s recovery. There are mainly two types of rehabilitation robots. The first one is an assistive robot that substitutes for lost limb movements. The second type is called as therapy robot, that allows patients to perform practice movements aided by robot.
| By Type | |
| Exoskeleton Robots | |
| Therapeutic Robots |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Rest of the World |
Rehabilitation Robots Market Research FAQs
What is the current Rehabilitation Robots Market size?
The Rehabilitation Robots Market is projected to register a CAGR of 26.12% during the forecast period (2024-2029)
Who are the key players in Rehabilitation Robots Market?
Cyberdyne Inc., Ekso Bionics Holdings Inc., Bionik Laboratories Corporation, Hocoma AG and Rehab-Robotics Company Limited are the major companies operating in the Rehabilitation Robots Market.
Which is the fastest growing region in Rehabilitation Robots Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Rehabilitation Robots Market?
In 2024, the North America accounts for the largest market share in Rehabilitation Robots Market.
What years does this Rehabilitation Robots Market cover?
The report covers the Rehabilitation Robots Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Rehabilitation Robots Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Rehabilitation Robots Industry Report
The report on Rehabilitation Robotics Companies and the Market provides a comprehensive analysis segmented by type, including exoskeleton robots and therapeutic robots, and geography. The industry report offers insights into the global market, highlighting market share, market size, and market trends. The market analysis includes a forecast outlook and a historical overview. Industry reports from 糖心vlog传媒鈩� provide detailed industry information, industry sales, industry size, and industry statistics. The market forecast covers market growth and market leaders, offering a market outlook that includes market predictions and a market review. The report also delves into market segmentation, market value, and market data.
The industry analysis reveals significant market trends and market growth, supported by industry research and industry trends. The industry outlook is positive, with market leaders driving innovation in the rehabilitation robotics sector. The market overview includes a report example and a free report PDF download for further insights. Research companies are actively contributing to the evolving market landscape, ensuring that industry statistics and market predictions are up-to-date. This industry report is essential for understanding the current market dynamics and future market forecast, providing valuable information for stakeholders and industry participants.
