Rehabilitation Robots Market Size to Grow at a CAGR of 21.40% in the Forecast Period of 2023-2028

Rehabilitation Robots Market Size to Grow at a CAGR of 21.40% in the Forecast Period of 2023-2028

The ‘Global Rehabilitation Robots Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global rehabilitation robots market, assessing the market on the basis of its segments like type, end use, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Rehabilitation Robots Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 21.40%

The exponential rise in the number of cases of paralysis, amputation, and quadriplegia is one of the factors driving the growth of the rehabilitation robots market as rehabilitation robots have the ability to significantly aid the functioning and movement of impaired limbs of the body. Other factors fuelling the growth of the market include increasing geriatric population as with rising age they become more susceptible to health conditions, which in turn is driving the demand for rehabilitation robots. Incorporation of voice regulation algorithms in order to enhance the flexibility and functionalities of rehabilitation robots is yet another factor contributing towards the growth of the market for rehabilitation robots.

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Additionally, the increasing focus of leading players on inculcating rehabilitation robotics with technologies such as Internet of Things and virtual reality to boost patient motivation ae expected to support the rehabilitation robots market growth in the coming years. Incorporation of new technologies helps meet the rising requirements of healthcare sector and aids healthcare professionals in delivering advanced treatments to patients and taking accurate assessments of patient health. Furthermore, surging investments towards development of lightweight variants to make rehabilitation robots accessible along with incorporation of is also expected to positively impact market growth. Adoption of rehabilitation robots is expected to increase in the upcoming years as the healthcare infrastructure in developing countries improves.

Rehabilitation Robots Industry Definition and Major Segments

Rehabilitation robots are machines that help individuals with impaired physical functioning interact with their environment and perform physical movements. The rehabilitation robots utilise sensors, actuators, and input devices to support the body weight of the patient and provide movement control, ease of direction, and joint coordination. Rehabilitation robots can be used to assist patients, or provide exercise and movement to help in recovery.

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On the basis of type, the market is divided into:

• Assistive Robots
• Therapeutic Robots
• Exoskeleton Robots
• Others

Based on end use, the market is bifurcated into:

• Hospitals
• Rehabilitation Centres

On the basis of region, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Rehabilitation Robots Market Trends

The key trends in the global rehabilitation robots market include increased utilisation of exoskeleton robots in therapeutic and healthcare applications for patients suffering from spinal cord injuries. Increasing prevalence of strokes, repetitive strain injuries, and cumulative trauma disorders, among others, coupled with technological advancements in the rehabilitation robotics domain is expected to propel the market growth.

Introduction of technologies such as machine learning and artificial intelligence along with advanced sensors are expected to offer new opportunities for growth to the market as they will aid patients with improved functioning at low metabolic costs. Growing awareness and approvals from several governments because of their advanced healthcare applications is another crucial trend in the rehabilitation robots market. Increasing initiatives taken by various governments towards developing senior care facilities in accordance with the rising population of geriatrics is boosting the demand for better healthcare provision and establishment of supporting healthcare infrastructure.

In regional terms, North America is expected to hold a significant portion of the market share due to the well-established healthcare infrastructure and early adoption of new technologies. The sizable population of persons with disability and rising number of spinal cord injuries are further augmenting the market growth for rehabilitation robots in the region.

Key Market Players

The major players in the global rehabilitation robots market report are

• Rex Bionics Ltd.
• Ekso Bionics
• Bionik
• Hocoma AG
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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