IMARC Group, a leading market research company, has recently releases report titled “Rehabilitation Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global rehabilitation robots market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the rehabilitation robots market?
Report Attributes
Details
Market Size in 2022
US$ 1,071 Billion
Market Forecast in 2028
US$ 3,428 Billion
Growth rate (2023 to 2028)
CAGR of 21.5%
Base Year of the Analysis
2022
Forecast Period
2023-2028
What is rehabilitation robots?
Rehabilitation robots are automated therapy machines that assist individuals in performing physical movements while interacting with their surroundings. These robots utilize input devices, sensors, and actuators to balance body weight and control motion, speed, direction, amplitude, coordination patterns, etc. Rehabilitation robots record movement data that is utilized by healthcare professionals to alter therapy intensity and provide quality care. Furthermore, they aim to deliver customized, task-oriented, prolonged, intensive, standardized, and repeatable training. As a result, rehabilitation robots are generally used for treating patients suffering from stroke, multiple sclerosis, traumatic brain injury (TBI), spinal cord injury, Parkinson’s disease, etc.
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What are the growth prospects and trends in the rehabilitation robots industry?
The rising geriatric population who are more prone to chronic medical conditions leading to complete or partial loss of body movements, is primarily driving the demand for rehabilitation robots. Additionally, the integration of voice-recognition algorithms to enhance the functionality and flexibility of the devices is also escalating the demand for these robots. Furthermore, the rapid incorporation of Internet-of-Things (IoT) with rehabilitation robotics to enable assessment and treatment of patients over the internet is also catalyzing the market growth. Moreover, the growing investments by several manufacturers in developing lightweight products and integrating virtual reality (VR) and video games to improve patient motivation are further augmenting the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Therapeutic Robots
- Exoskeleton Robots
- Assistive Robots
- Others
Breakup by Patient Type:
- Adult
- Pediatric
Breakup by End User:
- Rehabilitation Centers
- Hospitals
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Bionik Laboratories Corp.
- Ekso Bionics Holdings Inc.
- Hocoma AG (DIH International Ltd.)
- Kinova Inc.
- KUKA Aktiengesellschaft (Midea Group)
- Parker-Hannifin Corporation
- Rehab-Robotics Company Limited
- ReWalk Robotics Ltd.
- Rex Bionics Ltd.
- Siemens Aktiengesellschaft
- Tyromotion GmbH
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