Market Size of Rehabilitation Robots Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 26.12 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Rehabilitation Robots Market Analysis
The Rehabilitation Robots market is expected to register a CAGR of 26.12% over the forecast period (2021 - 2026). Many people suffer from injuries that require long-term medical rehabilitation every year. The rehabilitation process is complex, with psychological and physical dimensions, and outcomes are difficult to guarantee. Thus, these robots are being developed to help people with various medical conditions on their road to recovery.
- The increasing aging population and a growing number of stroke rendering people immobile are among the significant factors driving the demand from the rehabilitation robots market. Research into rehabilitation robotics is proliferating, and the number of therapeutic rehabilitation robots is also expected to expand over the forecast period. Robot rehabilitation therapy can deliver high-intensity training, thus, making it useful for patients with motor disorders caused by spinal cord disease or stroke.
- As per the International Federation of Robotics, the sales of assistance robots for the elderly and disabled communities will total around 37,500 units in 2016-2019 and is expected to increase substantially over the forecast period. Companies such as Toyota are investing in developing rehabilitation robots to assist the elderly population by enabling them to live independently and to provide support for their care-givers.
- Numerous hospitals have started using robotics within their rehabilitation centers. For instance, Kindred Hospital Rehabilitation Services installed Bionik Laboratories' InMotion Arm robotic system in its inpatient rehabilitation hospitals throughout the United States.
- Currently, the main concern for the implementation of the rehabilitation robots in any medical center is usually the cost. However, with the depreciating prices of such devices, it is not long until robot-assisted rehabilitation will become mainstream in healthcare.
Rehabilitation Robots Industry Segmentation
Rehabilitation robot is an automatically operated machine designed to improve movement in persons with impaired physical functioning. These robots can support and enhance clinicians’ productivity and effectiveness as they try to facilitate an individual’s recovery. There are mainly two types of rehabilitation robots. The first one is an assistive robot that substitutes for lost limb movements. The second type is called as therapy robot, that allows patients to perform practice movements aided by robot.
| By Type | |
| Exoskeleton Robots | |
| Therapeutic Robots |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Rest of the World |
Rehabilitation Robots Market Size Summary
The rehabilitation robots market is experiencing significant growth, driven by the increasing demand for advanced medical rehabilitation solutions. This demand is largely fueled by the aging population and the rising incidence of conditions such as strokes, which lead to immobility and require extensive rehabilitation. Rehabilitation robots are being developed to assist individuals with various medical conditions, offering high-intensity training that is particularly beneficial for patients with motor disorders. The market is witnessing a surge in research and development, with companies like Toyota investing in technologies to support the elderly and enable independent living. The integration of robotics in rehabilitation centers, such as the use of Bionik Laboratories' InMotion Arm system, highlights the growing acceptance and implementation of these technologies in healthcare settings. Despite initial cost concerns, decreasing prices are expected to make robot-assisted rehabilitation more mainstream.
Robotic exoskeletons are emerging as a crucial tool in rehabilitation, particularly for patients with movement disorders such as Parkinson's disease and those recovering from spinal cord injuries. These devices, like the FDA-cleared ReWalk, are designed to enhance human strength and facilitate recovery by enabling patients to stand, walk, and perform other movements. Technological advancements continue to drive the market, with innovations like Ekso Bionics' EksoNR providing therapists with enhanced tools for patient care. The Asia-Pacific region, especially countries like Japan and China, is witnessing robust growth due to its aging population and increasing awareness of robot-assisted treatments. The competitive landscape of the rehabilitation robot market is diverse, with numerous players and startups contributing to the development of these technologies, ensuring a dynamic and rapidly evolving industry.
Rehabilitation Robots Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Aging Population
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1.2.2 Rising Prevalance of Medical Conditions such as Spinal Cord Injuries, Stroke, Parkinson's disease and Cerebral Palsy
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1.3 Market Restraints
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1.3.1 High Cost of the Devices
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1.4 Industry Attractiveness - Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Exoskeleton Robots
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2.1.2 Therapeutic Robots
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2.2 Geography
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia-Pacific
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2.2.4 Rest of the World
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Rehabilitation Robots Market Size FAQs
What is the current Rehabilitation Robots Market size?
The Rehabilitation Robots Market is projected to register a CAGR of 26.12% during the forecast period (2024-2029)
Who are the key players in Rehabilitation Robots Market?
Cyberdyne Inc., Ekso Bionics Holdings Inc., Bionik Laboratories Corporation, Hocoma AG and Rehab-Robotics Company Limited are the major companies operating in the Rehabilitation Robots Market.
