Rehabilitation Robots Market
PUBLISHED: 2023 ID: SMRC22767
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Rehabilitation Robots Market

Rehabilitation Robots Market Forecasts to 2028 - Global Analysis By Type (Therapeutic Robots, Assistive Robots, Exoskeleton Robots and Other Types), Extremity (Upper Body and Lower Body), End User (Rehabilitation Centers, Hospitals, Senior Care Facilities, Homecare Settings and Other End Users ), and By Geography

4.2 (38 reviews)
4.2 (38 reviews)
Published: 2023 ID: SMRC22767

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $1,256.60 MN

Projected Year Value (2028)

US $4,590.18 MN

CAGR (2022 - 2028)

24.1%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Rehabilitation Robots Market is accounted for $1,256.60 million in 2022 and is expected to reach $4,590.18 million by 2028 growing at a CAGR of 24.1% during the forecast period. A branch of robotics called rehabilitation robotics focuses on creating tools or robots that aid in the healing of physical injuries. Robots are essential as tools for individuals with impairments as they are multi-purpose manipulators that help move materials. Robot-mediated treatment, prostheses, assistive devices, and many other things have been produced since rehabilitation robots first appeared. The goal of assistive technology is to improve the effectiveness of medical care and the ease with which patients with impairments can conduct daily tasks. The development of the rehabilitation robots market would be aided by the introduction of new products and significant expenditures made in them by various leading industry players.

According to the Ministry of Internal Affairs and Communications, in 2017, around 35.2 million inhabitants were aged 65 or older. According to WHO in 2021, there were around 1.71 billion people globally who suffered from musculoskeletal disorders.



Market Dynamics:

Driver:

Increasing incidence of spinal cord injury

Considering patients with spinal cord injuries are advised to employ exoskeletons to rehabilitate their condition, the prevalence of spinal cord injury is driving the expansion of rehabilitation robots. This has been a key factor in patients' and healthcare professionals' adoption of exoskeletons and therapy robots. The WHO estimates that between 250,000 and 500,000 people worldwide experience spinal cord injuries each year, and as a result, the use of exoskeletons is increasing. Also, there is a growing need for rehabilitation robots because to their numerous advantages, including the chance for a person with a spinal cord injury to experience walking and standing at a low metabolic cost are driving the growth of the market.

Restraint:

High cost of rehabilitation robots

The cost of rehabilitation robots is considerable, taking into account the cost of the machine, maintenance, inpatient stays for routine treatment, and the salaries of the trainers who will use them. They are pricey for consumers when these fees are added to other costs. The market growth may also be constrained by strict rules governing rehabilitation robots used in medical applications. Since user safety and device dependability are important considerations in the regulation of medical equipment, rehabilitation robots must pass a rigorous regulatory process. Thus, these factors are hindering the market growth over the projected period.

Opportunity:

Growing geriatric population across the world

Although the idea of rehabilitation robots has been around for more than 50 years, the sector has seen its greatest growth over the past ten years. Rehabilitation robots help individuals recuperate through physiological activities after a variety of illnesses and accidents. Robots also assist healthcare systems in giving patients better treatment by controlling their exercise and lowering the need for constant observation by medical staff, allowing patients to recover more quickly. In addition, the market is anticipated to benefit from the most recent robotics technology developments as well as increased investments in innovations from key market competitors. Furthermore, the industry is anticipated to generate revenue from the ongoing integration of IT technologies into healthcare systems thereby propelling the rehabilitation robots market.

Threat:

Lack of awareness and adoption of rehabilitation facilities

Although the idea of rehabilitation is widely accepted in affluent nations, it is hardly ever applied or acknowledged in developing nations. In underdeveloped countries with low and middle economic levels, many patients lack access to rehabilitation therapies. The sector of rehabilitation employs fewer than 10 qualified professionals per million people, which is a barrier to the market's growth. Robots utilised in rehabilitation services require substantial financial outlays, and depending on the kind of rehabilitation, their routine maintenance and operations may be rather pricey. One of the greatest obstacles to the use of robotics in rehabilitation is patient trust which impedes the growth of the market in the further growth.

Covid-19 Impact

There were many global effects of the epidemic. The strict lockdowns and quarantine imposed caused great harm to the goods and services sector. The rehabilitation sector was negatively impacted by the pandemic. When the healthcare sector struggled to supply basic hospital necessities like beds and oxygen tanks, attention was diverted to the sudden surge of covid-19 patients. Treatments and elective surgeries were delayed, and all other hospital departments temporarily ceased operations. Rehabilitation services and all other non-urgent healthcare facilities were temporarily suspended. Nonetheless, because of ongoing efforts by major market participants and advances in the field of medical robotics, the market for rehabilitation robots is predicted to expand in the post-Covid era.

The exoskeleton robots segment is expected to be the largest during the forecast period

The exoskeleton segment is estimated to have a lucrative growth, due to an increase in childhood incidences of spinal injuries, paralysis, strokes, and cerebral palsy. The expansion of the category is also being aided by the rising awareness of the use of exoskeletons to aid rehabilitation, particularly for spinal cords. Also, the segment is being supported by an increase in back disorders brought on by the world's ageing population.

The lower body extremity segment is expected to have the highest CAGR during the forecast period

The lower body extremity segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the growing ageing population, patients with paralysis, and an increase in lower body infirmities are all predicted to have a positive impact on the acceptance, penetration, and expansion of the segment. The robotic lower-body exoskeleton helps people with paralysis of the lower limbs and promotes lower body muscle activation. They are primarily utilised by older persons who are weak and have multiple sclerosis, as well as by stroke sufferers and those who have significant gait problems.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the rising prevalence of spinal cord injuries, the growing number of people with disabilities, the adoption of rehabilitation robots, the rising demand for assistive robotic technology for geriatric and paediatric patients, significant government investments to support the development of such robots, ongoing technological advancements, adequate reimbursement policies, and the high quality of healthcare infrastructure in nations like the United States and Canada.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the ageing of the population, increased awareness of conditions like dementia and Alzheimer's Increased strategic initiatives, rising strategic healthcare spending, accelerated infrastructure development in the healthcare sector, rising chronic disease incidence, mergers and acquisitions, the launch of new products, and partnerships, among other things, are all contributing to the market's expansion in emerging nations.



Key players in the market

Some of the key players profiled in the Rehabilitation Robots Market include Life Science Robotics ApS, Rex Bionics Ltd, Tyromotion GmbH, Hocoma AG, Cyberdyne Inc., Ekso Bionics Holdings Inc., Rehab-Robotics Company Limited, Kinova Inc., ReWalk Robotics Ltd, Bionik Laboratories Corporation, Toyota Motor Corporation, Mayomo Inc, Intuitive Surgical, Medrobotics, Hansen Medical, Aethon,Barrett Medical and Xenex Technologies

Key Developments:

In June 2019, ReWalk Robotics, Inc. announced that the food and drug administration (FDA) approved its ReStore soft exo-suit system for sale to rehabilitation centers across the U.S.

In January 2019, BIONIK Inc. launched Next-Generation InMotion Arm/Hand Robotic System at the American Physical Therapy Association Combined Sections Meeting which is used for rehabilitation of stroke survivors.

In January 2018, Cyberdyne Inc. received approval from the Food and Drug Administration (FDA) for the sale of HAL (Hybrid Assistive Limb) lower-body exoskeleton in licensed medical facilities of U.S.

Types Covered:
• Therapeutic Robots
• Assistive Robots
• Exoskeleton Robots
• Other Types

Extremities Covered:
• Upper Body
• Lower Body

End Users Covered:
• Rehabilitation Centers
• Hospitals
• Senior care facilities
• Homecare Settings
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Rehabilitation Robots Market, By Type
5.1 Introduction
5.2 Therapeutic Robots
5.3 Assistive Robots
5.4 Exoskeleton Robots
5.5 Other Types

6 Global Rehabilitation Robots Market, By Extremity
6.1 Introduction
6.2 Upper Body
6.3 Lower Body

7 Global Rehabilitation Robots Market, By End User
7.1 Introduction
7.2 Rehabilitation Centers
7.3 Hospitals
7.4 Senior Care Facilities
7.5 Homecare Settings
7.6 Other End Users

8 Global Rehabilitation Robots Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 Life Science Robotics ApS
10.2 Rex Bionics Ltd
10.3 Tyromotion GmbH
10.4 Hocoma AG
10.5 Cyberdyne Inc.
10.6 Ekso Bionics Holdings Inc.
10.7 Rehab-Robotics Company Limited
10.8 Kinova Inc.
10.9 ReWalk Robotics Ltd
10.10 Bionik Laboratories Corporation
10.11 Toyota Motor Corporation
10.12 Mayomo Inc
10.13 Intuitive Surgical
10.14 Medrobotics
10.15 Hansen Medical
10.16 Aethon
10.17 Barrett Medical
10.18 Xenex Technologies

List of Tables
1 Global Rehabilitation Robots Market Outlook, By Region (2020-2028) ($MN)
2 Global Rehabilitation Robots Market Outlook, By Type (2020-2028) ($MN)
3 Global Rehabilitation Robots Market Outlook, By Therapeutic Robots (2020-2028) ($MN)
4 Global Rehabilitation Robots Market Outlook, By Assistive Robots (2020-2028) ($MN)
5 Global Rehabilitation Robots Market Outlook, By Exoskeleton Robots (2020-2028) ($MN)
6 Global Rehabilitation Robots Market Outlook, By Other Types (2020-2028) ($MN)
7 Global Rehabilitation Robots Market Outlook, By Extremity (2020-2028) ($MN)
8 Global Rehabilitation Robots Market Outlook, By Upper Body (2020-2028) ($MN)
9 Global Rehabilitation Robots Market Outlook, By Lower Body (2020-2028) ($MN)
10 Global Rehabilitation Robots Market Outlook, By End User (2020-2028) ($MN)
11 Global Rehabilitation Robots Market Outlook, By Rehabilitation Centers (2020-2028) ($MN)
12 Global Rehabilitation Robots Market Outlook, By Hospitals (2020-2028) ($MN)
13 Global Rehabilitation Robots Market Outlook, By Senior Care Facilities (2020-2028) ($MN)
14 Global Rehabilitation Robots Market Outlook, By Homecare Settings (2020-2028) ($MN)
15 Global Rehabilitation Robots Market Outlook, By Other End Users (2020-2028) ($MN)
16 North America Rehabilitation Robots Market Outlook, By Country (2020-2028) ($MN)
17 North America Rehabilitation Robots Market Outlook, By Type (2020-2028) ($MN)
18 North America Rehabilitation Robots Market Outlook, By Therapeutic Robots (2020-2028) ($MN)
19 North America Rehabilitation Robots Market Outlook, By Assistive Robots (2020-2028) ($MN)
20 North America Rehabilitation Robots Market Outlook, By Exoskeleton Robots (2020-2028) ($MN)
21 North America Rehabilitation Robots Market Outlook, By Other Types (2020-2028) ($MN)
22 North America Rehabilitation Robots Market Outlook, By Extremity (2020-2028) ($MN)
23 North America Rehabilitation Robots Market Outlook, By Upper Body (2020-2028) ($MN)
24 North America Rehabilitation Robots Market Outlook, By Lower Body (2020-2028) ($MN)
25 North America Rehabilitation Robots Market Outlook, By End User (2020-2028) ($MN)
26 North America Rehabilitation Robots Market Outlook, By Rehabilitation Centers (2020-2028) ($MN)
27 North America Rehabilitation Robots Market Outlook, By Hospitals (2020-2028) ($MN)
28 North America Rehabilitation Robots Market Outlook, By Senior Care Facilities (2020-2028) ($MN)
29 North America Rehabilitation Robots Market Outlook, By Homecare Settings (2020-2028) ($MN)
30 North America Rehabilitation Robots Market Outlook, By Other End Users (2020-2028) ($MN)
31 Europe Rehabilitation Robots Market Outlook, By Country (2020-2028) ($MN)
32 Europe Rehabilitation Robots Market Outlook, By Type (2020-2028) ($MN)
33 Europe Rehabilitation Robots Market Outlook, By Therapeutic Robots (2020-2028) ($MN)
34 Europe Rehabilitation Robots Market Outlook, By Assistive Robots (2020-2028) ($MN)
35 Europe Rehabilitation Robots Market Outlook, By Exoskeleton Robots (2020-2028) ($MN)
36 Europe Rehabilitation Robots Market Outlook, By Other Types (2020-2028) ($MN)
37 Europe Rehabilitation Robots Market Outlook, By Extremity (2020-2028) ($MN)
38 Europe Rehabilitation Robots Market Outlook, By Upper Body (2020-2028) ($MN)
39 Europe Rehabilitation Robots Market Outlook, By Lower Body (2020-2028) ($MN)
40 Europe Rehabilitation Robots Market Outlook, By End User (2020-2028) ($MN)
41 Europe Rehabilitation Robots Market Outlook, By Rehabilitation Centers (2020-2028) ($MN)
42 Europe Rehabilitation Robots Market Outlook, By Hospitals (2020-2028) ($MN)
43 Europe Rehabilitation Robots Market Outlook, By Senior Care Facilities (2020-2028) ($MN)
44 Europe Rehabilitation Robots Market Outlook, By Homecare Settings (2020-2028) ($MN)
45 Europe Rehabilitation Robots Market Outlook, By Other End Users (2020-2028) ($MN)
46 Asia Pacific Rehabilitation Robots Market Outlook, By Country (2020-2028) ($MN)
47 Asia Pacific Rehabilitation Robots Market Outlook, By Type (2020-2028) ($MN)
48 Asia Pacific Rehabilitation Robots Market Outlook, By Therapeutic Robots (2020-2028) ($MN)
49 Asia Pacific Rehabilitation Robots Market Outlook, By Assistive Robots (2020-2028) ($MN)
50 Asia Pacific Rehabilitation Robots Market Outlook, By Exoskeleton Robots (2020-2028) ($MN)
51 Asia Pacific Rehabilitation Robots Market Outlook, By Other Types (2020-2028) ($MN)
52 Asia Pacific Rehabilitation Robots Market Outlook, By Extremity (2020-2028) ($MN)
53 Asia Pacific Rehabilitation Robots Market Outlook, By Upper Body (2020-2028) ($MN)
54 Asia Pacific Rehabilitation Robots Market Outlook, By Lower Body (2020-2028) ($MN)
55 Asia Pacific Rehabilitation Robots Market Outlook, By End User (2020-2028) ($MN)
56 Asia Pacific Rehabilitation Robots Market Outlook, By Rehabilitation Centers (2020-2028) ($MN)
57 Asia Pacific Rehabilitation Robots Market Outlook, By Hospitals (2020-2028) ($MN)
58 Asia Pacific Rehabilitation Robots Market Outlook, By Senior Care Facilities (2020-2028) ($MN)
59 Asia Pacific Rehabilitation Robots Market Outlook, By Homecare Settings (2020-2028) ($MN)
60 Asia Pacific Rehabilitation Robots Market Outlook, By Other End Users (2020-2028) ($MN)
61 South America Rehabilitation Robots Market Outlook, By Country (2020-2028) ($MN)
62 South America Rehabilitation Robots Market Outlook, By Type (2020-2028) ($MN)
63 South America Rehabilitation Robots Market Outlook, By Therapeutic Robots (2020-2028) ($MN)
64 South America Rehabilitation Robots Market Outlook, By Assistive Robots (2020-2028) ($MN)
65 South America Rehabilitation Robots Market Outlook, By Exoskeleton Robots (2020-2028) ($MN)
66 South America Rehabilitation Robots Market Outlook, By Other Types (2020-2028) ($MN)
67 South America Rehabilitation Robots Market Outlook, By Extremity (2020-2028) ($MN)
68 South America Rehabilitation Robots Market Outlook, By Upper Body (2020-2028) ($MN)
69 South America Rehabilitation Robots Market Outlook, By Lower Body (2020-2028) ($MN)
70 South America Rehabilitation Robots Market Outlook, By End User (2020-2028) ($MN)
71 South America Rehabilitation Robots Market Outlook, By Rehabilitation Centers (2020-2028) ($MN)
72 South America Rehabilitation Robots Market Outlook, By Hospitals (2020-2028) ($MN)
73 South America Rehabilitation Robots Market Outlook, By Senior Care Facilities (2020-2028) ($MN)
74 South America Rehabilitation Robots Market Outlook, By Homecare Settings (2020-2028) ($MN)
75 South America Rehabilitation Robots Market Outlook, By Other End Users (2020-2028) ($MN)
76 Middle East & Africa Rehabilitation Robots Market Outlook, By Country (2020-2028) ($MN)
77 Middle East & Africa Rehabilitation Robots Market Outlook, By Type (2020-2028) ($MN)
78 Middle East & Africa Rehabilitation Robots Market Outlook, By Therapeutic Robots (2020-2028) ($MN)
79 Middle East & Africa Rehabilitation Robots Market Outlook, By Assistive Robots (2020-2028) ($MN)
80 Middle East & Africa Rehabilitation Robots Market Outlook, By Exoskeleton Robots (2020-2028) ($MN)
81 Middle East & Africa Rehabilitation Robots Market Outlook, By Other Types (2020-2028) ($MN)
82 Middle East & Africa Rehabilitation Robots Market Outlook, By Extremity (2020-2028) ($MN)
83 Middle East & Africa Rehabilitation Robots Market Outlook, By Upper Body (2020-2028) ($MN)
84 Middle East & Africa Rehabilitation Robots Market Outlook, By Lower Body (2020-2028) ($MN)
85 Middle East & Africa Rehabilitation Robots Market Outlook, By End User (2020-2028) ($MN)
86 Middle East & Africa Rehabilitation Robots Market Outlook, By Rehabilitation Centers (2020-2028) ($MN)
87 Middle East & Africa Rehabilitation Robots Market Outlook, By Hospitals (2020-2028) ($MN)
88 Middle East & Africa Rehabilitation Robots Market Outlook, By Senior Care Facilities (2020-2028) ($MN)
89 Middle East & Africa Rehabilitation Robots Market Outlook, By Homecare Settings (2020-2028) ($MN)
90 Middle East & Africa Rehabilitation Robots Market Outlook, By Other End Users (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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