Global Rehabilitation Robots Market to Grow at 18.7% During 2024-2032, Propelled by Development of Smart Devices

October 12, 2020 | Healthcare

As per the latest report by IMARC Group, titled “Rehabilitation Robots Market Report by Type (Therapeutic Robots, Exoskeleton Robots, Assistive Robots, and Others), Patient Type (Adult, Pediatric), End User (Rehabilitation Centers, Hospitals, and Others), and Region 2024-2032,” the global rehabilitation robots market reached a value of US$ 1,299.9 Million in 2023. Rehabilitation robots are re-programmable and automatically operated machines designed to improve the movement in individuals with impaired functioning. They consist of various mechatronic devices, ranging from artificial limbs to robots for supporting rehabilitation therapy or providing personal assistance in hospital and residential setups. These robots play a crucial role in assisting the nervous system to regenerate appropriate neural connections and interact with the environment. Robotic rehabilitation has gained immense popularity across the globe as it helps treat children suffering from cerebral palsy and adults with coordination disorders.

Global Rehabilitation Robots Market Trends:

The increasing number of individuals, especially the geriatric population, suffering from stroke, spinal and brain injuries, multiple sclerosis, and other neurological disorders, represent the primary factor impelling the market growth. Besides this, the role of technology in the healthcare sector has become evident with additional therapeutic exercises through robotic interventions and intelligent prosthetics that allow patients with developmental conditions or motor impairment to gain more independence. Robotic rehabilitation and assistive technologies can also ease the stress on the physiotherapy staff and control expenses while refining patients’ quality of life. Furthermore, the integration of the Internet of Things (IoT) with rehabilitation robotics has positively impacted the market. Moreover, several advancements in robotic exoskeleton designs have led to the introduction of lightweight wearable devices that assist in limb movement. Along with this, progress in neuroscience has significantly advanced the development of rehabilitation robots, facilitating the implantation of computer chips directly into the brain that enables users to control the devices via mental commands. Looking forward, the market is anticipated to grow at a CAGR of 18.7% during the forecast period (2024-2032).

Market Summary:

Based on the type, the market has been categorized into therapeutic robots, exoskeleton robots, assistive robots and others.
On the basis of the patient type, the market has been bifurcated into adults and pediatrics.
The market has been segmented based on the end user into rehabilitation centers, hospitals and others.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being Bionik Laboratories Corp., Ekso Bionics Holdings Inc., Hocoma AG (DIH International Ltd.), Kinova Inc., KUKA Aktiengesellschaft (Midea Group), Parker-Hannifin Corporation, Rehab-Robotics Company Limited, ReWalk Robotics Ltd., Rex Bionics Ltd., Siemens Aktiengesellschaft and Tyromotion GmbH.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Type, Patient Type, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Bionik Laboratories Corp., Ekso Bionics Holdings Inc., Hocoma AG (DIH International Ltd.), Kinova Inc., KUKA Aktiengesellschaft (Midea Group), Parker-Hannifin Corporation, Rehab-Robotics Company Limited, ReWalk Robotics Ltd., Rex Bionics Ltd., Siemens Aktiengesellschaft and Tyromotion GmbH
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Global Rehabilitation Robots Market to Grow at 18.7% During 2024-2032, Propelled by Development of Smart Devices

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