Rehabilitation Robots Market Forecasts to 2028 – Global Analysis By Type (Therapeutic Robots, Assistive Robots, Exoskeleton Robots and Other Types), Extremity (Upper Body and Lower Body), End User (Rehabilitation Centers, Hospitals, Senior Care Facilities

Rehabilitation Robots Market Forecasts to 2028 – Global Analysis By Type (Therapeutic Robots, Assistive Robots, Exoskeleton Robots and Other Types), Extremity (Upper Body and Lower Body), End User (Rehabilitation Centers, Hospitals, Senior Care Facilities, Homecare Settings and Other End Users ), and By Geography

According to Stratistics MRC, the Global Rehabilitation Robots Market is accounted for $1256.60 million in 2022 and is expected to reach $4590.18 million by 2028 growing at a CAGR of 24.1% during the forecast period. A branch of robotics called rehabilitation robotics focuses on creating tools or robots that aid in the healing of physical injuries. Robots are essential as tools for individuals with impairments as they are multi-purpose manipulators that help move materials. Robot-mediated treatment, prostheses, assistive devices, and many other things have been produced since rehabilitation robots first appeared. The goal of assistive technology is to improve the effectiveness of medical care and the ease with which patients with impairments can conduct daily tasks. The development of the rehabilitation robots market would be aided by the introduction of new products and significant expenditures made in them by various leading industry players.

According to the Ministry of Internal Affairs and Communications, in 2017, around 35.2 million inhabitants were aged 65 or older. According to WHO in 2021, there were around 1.71 billion people globally who suffered from musculoskeletal disorders.

Market Dynamics

Driver:

Increasing incidence of spinal cord injury

Considering patients with spinal cord injuries are advised to employ exoskeletons to rehabilitate their condition, the prevalence of spinal cord injury is driving the expansion of rehabilitation robots. This has been a key factor in patients' and healthcare professionals' adoption of exoskeletons and therapy robots. The WHO estimates that between 250,000 and 500,000 people worldwide experience spinal cord injuries each year, and as a result, the use of exoskeletons is increasing. Also, there is a growing need for rehabilitation robots because to their numerous advantages, including the chance for a person with a spinal cord injury to experience walking and standing at a low metabolic cost are driving the growth of the market.

Restraint

High cost of rehabilitation robots

The cost of rehabilitation robots is considerable, taking into account the cost of the machine, maintenance, inpatient stays for routine treatment, and the salaries of the trainers who will use them. They are pricey for consumers when these fees are added to other costs. The market growth may also be constrained by strict rules governing rehabilitation robots used in medical applications. Since user safety and device dependability are important considerations in the regulation of medical equipment, rehabilitation robots must pass a rigorous regulatory process. Thus, these factors are hindering the market growth over the projected period.

Opportunity

Growing geriatric population across the world

Although the idea of rehabilitation robots has been around for more than 50 years, the sector has seen its greatest growth over the past ten years. Rehabilitation robots help individuals recuperate through physiological activities after a variety of illnesses and accidents. Robots also assist healthcare systems in giving patients better treatment by controlling their exercise and lowering the need for constant observation by medical staff, allowing patients to recover more quickly. In addition, the market is anticipated to benefit from the most recent robotics technology developments as well as increased investments in innovations from key market competitors. Furthermore, the industry is anticipated to generate revenue from the ongoing integration of IT technologies into healthcare systems thereby propelling the rehabilitation robots market.

Threat

Lack of awareness and adoption of rehabilitation facilities

Although the idea of rehabilitation is widely accepted in affluent nations, it is hardly ever applied or acknowledged in developing nations. In underdeveloped countries with low and middle economic levels, many patients lack access to rehabilitation therapies. The sector of rehabilitation employs fewer than 10 qualified professionals per million people, which is a barrier to the market's growth. Robots utilised in rehabilitation services require substantial financial outlays, and depending on the kind of rehabilitation, their routine maintenance and operations may be rather pricey. One of the greatest obstacles to the use of robotics in rehabilitation is patient trust which impedes the growth of the market in the further growth.

Covid-19 Impact

There were many global effects of the epidemic. The strict lockdowns and quarantine imposed caused great harm to the goods and services sector. The rehabilitation sector was negatively impacted by the pandemic. When the healthcare sector struggled to supply basic hospital necessities like beds and oxygen tanks, attention was diverted to the sudden surge of covid-19 patients. Treatments and elective surgeries were delayed, and all other hospital departments temporarily ceased operations. Rehabilitation services and all other non-urgent healthcare facilities were temporarily suspended. Nonetheless, because of ongoing efforts by major market participants and advances in the field of medical robotics, the market for rehabilitation robots is predicted to expand in the post-Covid era.

The exoskeleton robots segment is expected to be the largest during the forecast period

The exoskeleton segment is estimated to have a lucrative growth, due to an increase in childhood incidences of spinal injuries, paralysis, strokes, and cerebral palsy. The expansion of the category is also being aided by the rising awareness of the use of exoskeletons to aid rehabilitation, particularly for spinal cords. Also, the segment is being supported by an increase in back disorders brought on by the world's ageing population.

The lower body extremity segment is expected to have the highest CAGR during the forecast period

The lower body extremity segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the growing ageing population, patients with paralysis, and an increase in lower body infirmities are all predicted to have a positive impact on the acceptance, penetration, and expansion of the segment. The robotic lower-body exoskeleton helps people with paralysis of the lower limbs and promotes lower body muscle activation. They are primarily utilised by older persons who are weak and have multiple sclerosis, as well as by stroke sufferers and those who have significant gait problems.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the rising prevalence of spinal cord injuries, the growing number of people with disabilities, the adoption of rehabilitation robots, the rising demand for assistive robotic technology for geriatric and paediatric patients, significant government investments to support the development of such robots, ongoing technological advancements, adequate reimbursement policies, and the high quality of healthcare infrastructure in nations like the United States and Canada.

Region with highest CAGR

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the ageing of the population, increased awareness of conditions like dementia and Alzheimer's Increased strategic initiatives, rising strategic healthcare spending, accelerated infrastructure development in the healthcare sector, rising chronic disease incidence, mergers and acquisitions, the launch of new products, and partnerships, among other things, are all contributing to the market's expansion in emerging nations.

Key players in the market

Some of the key players profiled in the Rehabilitation Robots Market include Life Science Robotics ApS, Rex Bionics Ltd, Tyromotion GmbH, Hocoma AG, Cyberdyne Inc., Ekso Bionics Holdings Inc., Rehab-Robotics Company Limited, Kinova Inc., ReWalk Robotics Ltd, Bionik Laboratories Corporation, Toyota Motor Corporation, Mayomo Inc, Intuitive Surgical, Medrobotics, Hansen Medical, Aethon,Barrett Medical and Xenex Technologies

Key Developments

In June 2019, ReWalk Robotics, Inc. announced that the food and drug administration (FDA) approved its ReStore soft exo-suit system for sale to rehabilitation centers across the U.S.

In January 2019, BIONIK Inc. launched Next-Generation InMotion Arm/Hand Robotic System at the American Physical Therapy Association Combined Sections Meeting which is used for rehabilitation of stroke survivors.

In January 2018, Cyberdyne Inc. received approval from the Food and Drug Administration (FDA) for the sale of HAL (Hybrid Assistive Limb) lower-body exoskeleton in licensed medical facilities of U.S.

Types Covered:
• Therapeutic Robots
• Assistive Robots
• Exoskeleton Robots
• Other Types

Extremities Covered:
• Upper Body
• Lower Body

End Users Covered:
• Rehabilitation Centers
• Hospitals
• Senior care facilities
• Homecare Settings
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements