Rehabilitation Robots Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Rehabilitation Robots Market

The rehabilitation robots market size was valued at USD 529.8 million in 2018, and the market is now projected tgrow from USD 8,966.7 million by 2032, exhibiting a CAGR of 22.4% during the forecast period of 2019-2032.

The global rehabilitation robots market growth is driven forward by CYBERDYNE INC., EksBionics and BIONIK owing ttheir promising technology portfolios and wide product range. Their established brand image and excellent distribution channels have been factors that have benefited these companies. Some other players are ReWalk Robotics, Rex Bionics, Corindus, Hocoma and Bioxtreme. The market growth is majorly fueled by these companies that can address the rising demand for enhanced rehabilitation systems. Consequently, they possess a market in highly saturated rehabilitation robotics industry areas.

Furthermore, the emerging market of rehabilitation robots is supported by the medical sector which is experiencing an ageing population and a growing number of stroke cases. The therapeutics robots segment is attributed towards healthy growth because of the ever-increasing requirement for assistive devices. Every leading player is keen on developing new robotic tools for treating some illnesses, propelling the rehabilitation robots market share. The prevalence of diseases such as cerebral palsy, multiple sclerosis, Parkinson’s disease and spinal injuries is alscreating market demands. They both appear on course tdrive the evolution of the market in the course of the included forecast period.

Comprehensive Analysis of Rehabilitation Robots Market

The rehabilitation robots market and healthcare industry is rising at an exponential rate due tits market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the healthcare industry. These segmentations are methodically segregated by types and by end-user. The type includes, Therapeutic Robots, Exoskeleton Robots, Assistive Robots and Others. The end-user includes, Rehabilitation Centers, Hospitals and Others.

North America dominated the rehabilitation robots market in 2018 because of the high rate of technology integration and high spending on the healthcare sector. The region enjoys proper reimbursement policies that encourage the application of rehabilitation robots. These factors contribute tthe strong market presence of rehabilitation technologies in the region. The high demand for innovative healthcare solutions alsdrives market growth. As a result, North America remains a key player in the global rehabilitation robots market.

The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, CYBERDYNE INC., EksBionics, BIONIK, ReWalk Robotics, Rex Bionics Ltd., Corindus, Inc., Hocoma, Bioxtreme and Other Prominent Players. These market players provide a level-playing competitive landscape.

In June 2019, ReWalk Robotics, Inc. recently revealed that the Food and Drug Administration in the U.S. approved their ReStore soft exo-suit system for sale trehabilitation centers.

Segmentation Table

Global Rehabilitation Robots Market Scope

By Type

Therapeutic Robots

Exoskeleton Robots

Assistive Robots

Others

By End-User

Rehabilitation Centers

Hospitals

Others

By Geography

North America (USA and Canada)

Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

Rest of World