The increasing incidence of neurological disorders and the growing geriatric population affected by chronic diseases are driving the demand for the market.
The report on the Global Rehabilitation Robotics Market initially offers an in-depth overview of the Rehabilitation Robotics Market along with insights into the developments and advancements in the sector. The report offers a comprehensive overview of the regional and competitive landscape and provides a deeper insight into the current market scenario and future growth prospects. The research study also provides a complete analysis of the market drivers, restraints, limitations, threats, risks, and growth opportunities.
The global Rehabilitation Robotics Market is forecasted to be worth USD 9.45 Billion by 2027, according to a new report by Emergen Research. The rising geriatric population and the increase in incidence of disorders like rheumatoid arthritis, injuries to the spine, cerebral paralysis, and other age-related disorders are expected to drive the global rehabilitation robotics market growth over the forecast timeframe. Also, market growth is expected to be further fueled by hospital-initiated initiatives to offer neurorehabilitation to patients.
One of the key factors hindering the market growth is the high cost of robotic rehabilitation devices, particularly in emerging economies.
Key Highlights from the Report
- In June 2019, ReWalk Robotics, Ltd., received United States Food and Drug Administration (FDA) approval for the sale of its ReStore Exo-Suit, the first soft robotic system for stroke treatment across the U.S., which is expected to strengthen its presence in the North America region.
- The therapeutic segment held the largest market share of 51.6% in 2019 in the rehabilitation robotics market due to the continuous growing technological developments in the therapeutic robotics system.
- With the increasing prevalence of stroke and other neurological disorders such as Parkinson’s, curative treatment is expected to increase, which is expected to boost the demand for upper extremity rehabilitation.
- The gait therapy segment is expected to dominate the market with a higher CAGR of 20.6% over the forecast period owing to the high incidence of neurological disabilities and the need for high-intensity therapeutic gait rehabilitation robotic systems for severely affected neurological patients.
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The report offers a complete analysis of the global Rehabilitation Robotics on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.
Key companies profiled in the report include:
Myomo Inc., ABILITY Switzerland AG, Bionik, Inc., Hocoma AG, AlterG, Inc., Motek Medical B.V., Reha Technology AG, Cyberdyne Inc., Man&Tel Co., Ltd., and ReWalk Robotics, Ltd. among others.
The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.
- Emergen Research has segmented the global Rehabilitation Robotics Market on the basis of type, body part, therapy, application, and region:
- Type Outlook (Revenue, USD Billion; 2017-2027)
- Therapeutic
- Exoskeleton
- Assistive
- Others
- Body Part Outlook (Revenue, USD Billion; 2017-2027)
- • Lower Extremity
- • Upper Extremity
- Therapy Outlook (Revenue, USD Billion; 2017-2027)
- • Balance
- • Gait
- • Limb Mobility
- Application Outlook (Revenue, USD Billion; 2017-2027)
- • Neurology
- • Orthopedics
- • Others
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Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
Objectives of the Report:
- Study of the global Rehabilitation Robotics size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
- Industrial structure analysis of the Rehabilitation Robotics by identification of various sub-segments
- Extensive analysis of key market players along with their SWOT analysis
- Competitive landscape benchmarking
- Analysis of Rehabilitation Robotics based on growth trends, futuristic outlook, and contribution to the total growth of the market
- Analysis of drivers, constraints, opportunities, challenges, and risks in the global Rehabilitation Robotics
- Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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