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Rehabilitation Robots Market Worth USD 2,617.3 Million at 22.1% CAGR Forecast by 2026

July 24, 2019 | Healthcare

According to a published report by Fortune Business Insights, titled, “Rehabilitation Robots Market: Global Market Analysis, Insights and Forecast, 2019-2026,” the global Rehabilitation Robots Market was valued at US$ 529.8 Mn in 2018. The market is projected to reach US$ 2,617.3 Mn by the end of 2026, exhibiting a CAGR of 22.1% during the forecast period.


The therapeutic robots segment accounted for 29.6% of the global rehabilitation robots market in 2018. The segment is expected to hold considerable share in the global rehabilitation robots market share during the forecast period. The rising cases of strokes, multiple sclerosis, spinal cord injuries, cerebral palsy, and Parkinson’s disease will support growth in the segment. Rehabilitation robots are capable of reducing disability that lead to better outcomes for patients who suffer from strokes.


Patient recovery of function tends are expected to encourage the adoption of rehabilitation robots as traditional rehabilitation goes on for several weeks or even months with a human therapist. Furthermore, robots support long term treatments and are steady, cost-effective, and make very few mistakes as compares to the human therapists.


Ability to Treat Chronic Health Issues to Propel Growth in the Exoskeleton Segment


Due to the increasing prevalence of chronic illnesses across the developing and developed countries, there has been a surge in demand for rehabilitation robots. This is likely to increase the global rehabilitation robots market sales during the forthcoming years. By type, the global market is grouped into exoskeleton robots, therapeutics robots, assistive robots, and others.


The exoskeleton robots are being adopted for treating chronic health issues, such as, spinal cord injuries and Parkinson’s disease. This is resulting in more proposals for including health insurance coverage of exoskeleton robots. This, along with the increasing incidence of chronic diseases and rising geriatric population are likely to accelerate the global rehabilitation robots market growth in the coming years.


To get a detailed report summary and research scope of this market, click here:


 https://www.fortunebusinessinsights.com/industry-reports/rehabilitation-robots-market-101013


Growing Demand for Handicap Assistive Robots and Prosthetics to Favor Growth in Asia Pacific


The global rehabilitation robots market is geographically divided into Europe, Asia Pacific, North America, and the rest of the world. In 2018, North America had accounted for the largest global rehabilitation robots market share.


The region was followed by Europe. This was because of an increasing adoption of advanced technologies and a rise in healthcare expenditure coupled with reimbursement policies. Asia Pacific, on the other hand, is anticipated to witness a notable growth in the CAGR during the forecast period.


This will occur because of a rise in the number of awareness programs regarding health conditions, namely, dementia and Alzheimer. This has further fueled the demand for therapeutics robots in Asia Pacific.


The United Nation (UN) had stated that Asia Pacific comprises approximately 60% of the world’s disabled population. Due to this factor, the demands for handicap assistive robots and prosthetics are increasing day by day in this region.


The assistive robots aid in enhancing the efficiency of treatment and also increases the ease of day to day activities that the patients perform. Rest of the World is anticipated to witness moderate growth throughout the forecast period because of low usage of advanced technologies and developing healthcare infrastructure.


Fortune Business Insights has profiled some of the prominent companies operating in the global rehabilitation robots market. Some of them are Cyberdyne Inc., Bionik, Hocoma, Rex Bionics Ltd., Bioxtreme, Ekso Bionics, Corindus, Inc., ReWalk Robotics, and other prominent market players.


Global Rehabilitation Robots Market can be segmented into the following categories:






















SEGMENTATION



 DETAILS



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


Rehabilitation Robots Market
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