The Rehabilitation Robotics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Rehabilitation Robotics Global Market Report 2024, The rehabilitation robotics market size has grown exponentially in recent years. It will grow from $1.22 billion in 2023 to $1.51 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The growth in the historic period can be attributed to growth in rehabilitation and physical therapy services, demand for precision and targeted therapy, expansion of aging populations and chronic conditions, development of advanced robotic rehabilitation devices, regulatory standards for medical device safety..
The rehabilitation robotics market size is expected to see exponential growth in the next few years. It will grow to $3.37 billion in 2028 at a compound annual growth rate (CAGR) of 22.2%. The growth in the forecast period can be attributed to customized rehabilitation robotics for specific patient needs, integration of ai and machine learning in rehabilitation, sustainable and cost-effective rehabilitation robotics, expansion in tele-rehabilitation and remote monitoring, adoption of rehabilitation robotics in sports medicine.. Major trends in the forecast period include regulatory compliance in rehabilitation robotics safety, smart and adaptive robotic rehabilitation solutions, personalized rehabilitation programs and progress tracking, transparency in rehabilitation robotics data and outcomes, integration of virtual reality and gamification in therapy..
During the forecast period rising instances of strokes, injuries, and neurological diseases is expected to drive the rehabilitation robotics market. For instance, according to the world Health Organization (WHO), a Switzerland-based health agency of the united nations, in 2022, 50 million people globally were suffering from epilepsy, nearly 80% of them were living in low and middle-income countries. Hence, the rising instances of strokes, and neurological diseases is predicted to hike the demand for rehabilitation devices including rehabilitation robots.
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The rehabilitation robotics market covered in this report is segmented –
1) Rehabilitation Robotics Market By Type: Exoskeleton Robots, Therapeutic Robots, Assistive Robots, Prosthetic Robots
2) Rehabilitation Robotics Market By Patient Type: Adult, Pediatrics
3) Rehabilitation Robotics Market By Part: Lower Extremity, Upper Extremity
4) Rehabilitation Robotics Market By Application: Gait Therapy, Limb Mobility
5) Rehabilitation Robotics Market By End User: Rehabilitation Centers, Hospitals
Top Major Players
Bionik Laboratories Corporation
The rapid adoption of assistive robotics for faster and more effective treatment has been a major trend in the rehabilitation robotics market. The adoption of assistive robots in the medical field is rising, for a faster and more effective treatment process and thus companies are investing more in new product development to meet the demand. For instance, In January 2022, Labrador Systems, Inc., a US-based early-stage robotics company specializing in assistive robots, introduced the Labrador Retriever. Labrador Retriever is a personal robot that helps people live more independently by offering useful, hands-on assistance with daily tasks around the house. The robot serves as an extra set of hands, assisting people in carrying heavy loads and bringing necessary objects to close at hand. It is intended to ease the burden on the people whose everyday activities are impacted by chronic pain, injuries, or other medical conditions.
The rehabilitation robotics market report table of contents includes:
1. Executive Summary
2. Rehabilitation Robotics Market Characteristics
3. Rehabilitation Robotics Market Trends And Strategies
4. Rehabilitation Robotics Market – Macro Economic Scenario
5. Global Rehabilitation Robotics Market Size and Growth
…..
31. Global Rehabilitation Robotics Market Competitive Benchmarking
32. Global Rehabilitation Robotics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Rehabilitation Robotics Market
34. Rehabilitation Robotics Market Future Outlook and Potential Analysis
35. Appendix
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