Rehabilitation Robots Market Forecast and CAGR
According to the latest research by Fact.MR., the rehabilitation robots market is set to witness significant growth during 2021-2031. Rehabilitation robots are used in the recuperation process of disabled patients in standing up, balancing, and gait.
What is Driving Demand for Rehabilitation Robots?
The aging population and rise in stroke cases are expected to drive the rehabilitation robots market. Rehabilitation robotics are very popular with people who have suffered a stroke because the proprioceptive neuromuscular facilitation method is applied. When you suffer a stroke your nervous system becomes damage in most cases causing people to have a disability. The robot would be able to carry out exercises a therapist would carry out
The techniques included in rehabilitation robots are active assisted exercise, active constrained exercise, active resistive exercise, passive exercise, and adaptive exercise. This advanced technique to help in stroke management and recovery is expected to give significant growth to the rehabilitation robots market in the forecasted period.
The increasing prevalence of neurological disorders, rheumatoid arthritis, dementia, traumatic brain injuries, and other age-related disabilities is anticipated to offer growth opportunities to the rehabilitation robots market.
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Rise in Techniques is likely to Augment Rehabilitation Robots Sales
Current robotic devices include exoskeletons for aiding limb or hand movement, enhanced treadmills, robotic arms to retrain motor movement of the limb, and finger rehabilitation devices. Some devices are meant to aid the strength development of specific motor movements, while others seek to aid these movements directly. Often robotic technologies attempt to leverage the principles of neuroplasticity by improving the quality of movement, and increasing the intensity and repetition of the task.
Over the last two decades, research into robot-mediated therapy for the rehabilitation of stroke patients has grown significantly as the potential for cheaper and more effective therapy has been identified. Rehabilitation robotics can also be applied to individuals with cerebral palsy, or those recovering from orthopedic surgery.
There has been significant advancement to build more intelligent robots to increase the usability of the product.
US and Canada Rehabilitation Robots Market Outlook
The US is one of the largest markets for rehabilitation robots globally. The US rehabilitation robots market is set to tread on the historic pattern of bust and boom during the assessment period 2021-2031. The need for standard billing systems in hospitals and healthcare systems will lead the rehabilitation robots market growth.
The U.S. and Canada are expected to be the largest market share of the rehabilitation robots market, owing to the factors such as increasing R&D activities, growing advanced technology, and rising prevalence of spinal cord injuries in the U.S., and increasing demand for rehabilitation robots in the region.
According to CDC, every year, more than 795,000 people in the United States have a stroke and every 4 minutes, someone dies of stroke. According to a study in 2017, the 3 most burdensome neurological disorders in the US were stroke, Alzheimer's disease and other dementias, and migraine. This high number of stroke cases will boost the rehabilitation robots market in U.S and Canada.
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Europe Demand Outlook for Rehabilitation robots
Europe is seeing growth in advancement in the healthcare sector and an increase in demand for better healthcare providing opportunities will lead the rehabilitation robots market in Europe. According to AHA in 2017, there were 1.12 million incident strokes in the European Union, out of which there were 0.46 million deaths, and 7.06 million disability-adjusted life years lost because of stroke. It is expected that by 2047, there would be an additional 40 000 incident strokes in the European region. In 2019, more than one-fifth (20.3 %) of the European population was aged 65 and over. This rising aging population and stroke cases in Europe will lead to significant growth in the European region.
Who are the Key Manufacturers and Suppliers of Rehabilitation robots?
Some of the leading manufacturers of rehabilitation robots include
- Ekso Bionics
- AlterG Inc.
- Bionik Labs
- Interactive Motion Technologies
- Motus Nova
- Kinova Inc.
- Wearable Robotics Srl
- Cyberdyne Inc.
- Rex Bionics Ltd
- Parker-Hannifin Corporation
- AlterG Inc.
- Bioxtreme Robotics Rehabilitation
- Rehab Robotics
- Instead Technologies Ltd.
- ReWalk Robotics
Key players are focusing on product launches and R&D as key solutions to expand their global presence and provide better solutions to the end-user. For instance, in June 2019, ReWalk Robotics, Ltd., received U.S. Food and Drug Administration clearance (FDA) for its product ‘ReStoreExo-Suit’ the first soft robotic system for stroke therapy. Companies are investing more in research and development activities for developing innovative therapies.
An Adaptive Approach to Modern-day Research Needs
Rehabilitation Robots Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
By Robot Type
- Assistive Robot
- Therapy Robot
- Exoskeleton Robots
- Prosthetic Robots
- Gait Therapy
- Limb mobility
By Body Part
- Upper body parts
- Lower extremity
By End User
- Rehabilitation Centers
- North America
- Latin America
- East Asia
- South Korea
- South Asia
- New Zealand
- Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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