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Rehabilitation Robotics Global Market Report 2022

Rehabilitation Robotics Global Market Report 2022

  • August 2022
  • 175 pages
  • ID: 6311714
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the rehabilitation robotics market are Myomo Inc, Bionik Laboratories Corporation, Hocoma AG, Cyberdyne Inc., ReWalk Robotics Ltd., Ekso Bionics, Rex Bionics Ltd, AlterG Inc., RU Robots, Woodway, Tyromotion, ABILITY Switzerland AG, Motek Medical B.V., Reha Technology AG, Man&Tel Co., Ltd., Rehab-robotics Company Limited, Kinova, MRISAR, and Robotdalen.

The global rehabilitation robotics market is expected to grow from $0.8 billion in 2021 to $0.96 billion in 2022 at a compound annual growth rate (CAGR) of 20.1%. The rehabilitation robotics market is expected to grow to $2.08 billion in 2026 at a CAGR of 21.1%.

The rehabilitation robotics market consists of sales of rehabilitation robots by entities (organizations, sole traders, and partnerships) that are used to improve the movement of people with impaired physical functioning.Rehabilitation robotics is the division of robotics for the development of robots that are used to help people to recover from physical trauma.

The rehabilitation robots are automated machines that are designed to improve the movement of disabled persons with impaired physical functioning.

The main types of rehabilitation robotics are exoskeleton robots, therapeutic robots, assistive robots, and prosthetic robots.Exoskeleton robots are used as augmentative devices to enhance the physical performance of the body.

Exoskeletons are mechanical structures that humans can wear to enhance their strength and endurance.The different rehabilitation robotics patient types include adult and pediatric for parts including lower extremity and upper extremity.

The different applications of rehabilitation robotics are gait therapy and limb mobility used by end-users such as rehabilitation centers and hospitals.

North America was the largest region in the rehabilitation robotics market in 2021.North America is expected to be the fastest-growing region in the forecast period.

The regions covered in the rehabilitation robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The rehabilitation robotics market research report is one of a series of new reports that provides rehabilitation robotics market statistics, including rehabilitation robotics industry global market size, regional shares, competitors with a rehabilitation robotics market share, detailed rehabilitation robotics market segments, market trends and opportunities, and any further data you may need to thrive in the rehabilitation robotics industry. This rehabilitation robotics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

During the forecast period rising instances of strokes, injuries, and neurological diseases is expected to drive the rehabilitation robotics market. According to Healio Neurology, 12.2 million incident cases of stroke, 101 million prevalent cases of stroke, 143 million DALYs linked to stroke, and 6.55 million deaths from stroke were recorded in 2019 globally, and also stroke accounts for 11.6% of global deaths and 5.7% of total DALYs, which is the second-leading cause of death and the third-leading cause of death and disability globally. Hence, the rising instances of strokes, and neurological diseases is predicted to hike the demand for rehabilitation devices including rehabilitation robots.

The rapid adoption of assistive robotics for faster and more effective treatment has been a major trend in the rehabilitation robotics market.The adoption of assistive robots in the medical field is rising, for a faster and more effective treatment process and thus companies are investing more in new product development to meet the demand.

For instance, in January 2019, Canada-based healthcare company Bionik Laboratories announced the launch of the InMotion ARM/HAND robotic system to aid in the clinical rehabilitation of stroke survivors and intended for patients with mobility problems caused due to neurological disorders.Furthermore, in May 2019, ReWalk Robotics, Ltd a manufacturer of robotic medical devices for individuals with lower limb disabilities announced the sale of ReStore Exo-Suit for stroke rehabilitation to rehabilitation clinics in the European Union.

The ReStore Exo-Suit is a next-generation medical device that can serve a larger and more diverse patient population facing mobility challenges.

In September 2019, Hocoma AG, a company involved in robotic and sensor-based rehabilitation solutions announced a merger with Hong Kong-based corporate holding group, DIH International (DIH) which focuses on rehabilitation solutions and medication management for an undisclosed amount. With this merger, Hocoma AG aims to offer clinicians the best solutions for their patients, as a holistic, full-service provider of the entire rehabilitation continuum and establish a global premiership in providing total solutions to the customer.

The countries covered in the rehabilitation robotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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