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on February 9, 2024
Market Overview In 2022, the global market size for rehabilitation robots amounted to USD 3.95 Billion, with a projected revenue Compound Annual Growth Rate (CAGR) of 20.5% throughout the forecast period. The escalating prevalence of conditions such as strokes, spinal cord injuries, brain trauma, multiple sclerosis, Parkinson’s Disease, and palsy has led to an increased demand for rehabilitation robots, consequently propelling market revenue growth. According to the World Health Organization (WHO) in 2021, approximately 1.71 billion individuals worldwide were afflicted with musculoskeletal conditions. This surge in disorders has fueled the need for rehabilitation robots, which aid physically or mentally challenged patients in activities such as standing up, maintaining balance, and sustaining gait. Rehabilitation robots, categorized as medical robots, utilize intelligent algorithms, ergonomic designs, motion control, and other technologies to assist the human body in executing limb movements.
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These robots serve various purposes, including aiding in walking, rehabilitation therapy, weight-bearing activities, and reducing physical strain. The demand for healthcare services is increasing, necessitating higher standards for the effectiveness and efficiency of rehabilitation treatments. The development of rehabilitation robots has addressed the existing inadequacies in technology and medical resources for rehabilitation. For instance, stroke patients can undergo active or passive rehabilitation training with the aid of rehabilitation robots, reducing the need for constant supervision from medical professionals. This effective therapeutic approach accelerates patient recovery, thereby enhancing their quality of life.
Market Dynamics: Drivers: The growing demand for innovative and technologically advanced rehabilitation robots, attributed to the rising incidence of spinal cord injuries, is propelling market revenue growth. The WHO estimates that between 250,000 and 500,000 individuals worldwide sustain spinal cord injuries annually, leading to increased adoption of exoskeletons. Advanced rehabilitation robots offer diverse applications, contributing to rising demand, particularly due to the increasing incidence of spinal cord injuries. Rehabilitation robots ensure the effectiveness, accuracy, and intensity of rehabilitation training, especially for prolonged and repetitive motion activities. They enable personalized training of varying intensities and modes, catering to the specific needs of patients based on their injury severity and rehabilitation progress.
Restraints: The high cost associated with robotic rehabilitation devices is anticipated to impede market revenue growth. The unsatisfactory price-to-performance ratio, stemming from significant development costs juxtaposed with relatively modest benefits for patients and clinics, poses a challenge. The cost of existing assistive robotic solutions ranges from approximately USD 9,000 to USD 100,000, with customization difficulties and high costs being major concerns. Moreover, only a small percentage (5%–15%) of individuals requiring assistive devices and technology in low- and middle-income groups have access to them. Insufficient personnel qualified to oversee the deployment of such tools and technology further hampers market growth.
Type Insights: The global rehabilitation robots market is segmented into therapeutic, exoskeleton, assistive, rehabilitation robots emulsion, and others. The therapeutic segment dominated the market revenue share in 2022. Robotics can enhance training intensity, incorporate entertaining elements to encourage patient engagement, and facilitate remote guided motor training via tele-rehabilitation, thereby driving the segment's revenue growth.
End-Use Insights: Based on end-use, the global rehabilitation robots market is segmented into hospitals, rehabilitation centers, prosthetic clinics, and others. The hospitals segment accounted for the largest revenue share in 2022, attributed to advanced facilities and healthcare infrastructure improvements in developing countries. The emergence of specialized hospitals equipped with rehabilitation robotic systems further fuels market growth. The rising incidence of Spinal Cord Injuries (SCI) is expected to bolster demand globally.
Regional Insights: North America dominated the market in 2022, accounting for the largest revenue share. The region benefits from a well-established robotics sector and the introduction of innovative robotic rehabilitation and assistive therapy solutions. For instance, BIONIK Laboratories Corp. launched the InMotion Connect platform in June 2022, catering to the data connectivity and analytics needs of healthcare facilities nationwide.
Competitive Landscape: The global rehabilitation robots market is characterized by consolidation, with a few key players operating at both global and regional levels. These players focus on product development and strategic alliances to expand their product portfolios and strengthen their market positions. Major players in the market 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.
Market players have taken various initiatives to drive market growth. For instance, Genrobotics, a start-up, introduced the G-Gaiter, a robotic gait trainer designed to aid patients with paraplegic disorders in improving mobility and stride quality.
Segments Covered in the Report: The report provides historical data and forecasts revenue growth at global, regional, and country levels, analyzing market trends in each sub-segment from 2019 to 2032. The global rehabilitation robots market is segmented based on type, end-use, and region.
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rehabilitation robots market
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