Global Rehabilitation Robotics market segments 2024, Forecast To 2033
9 Feb, 2024
The rehabilitation robotics market has experienced exponential growth, increasing from $1.22 billion in 2023 to $1.51 billion in 2024, marking a compound annual growth rate (CAGR) of 24.2% in the historic period. This surge is linked to the growth in rehabilitation and physical therapy services, the demand for precision and targeted therapy, the expansion of aging populations and chronic conditions, the development of advanced robotic rehabilitation devices, and adherence to regulatory standards for medical device safety. The market is expected to sustain exponential growth, projecting a size of $3.37 billion in 2028 at a considerable CAGR of 22.2%. Key trends in this period encompass customized rehabilitation robotics for specific patient needs, the integration of AI and machine learning in rehabilitation, sustainable and cost-effective rehabilitation robotics, expansion in tele-rehabilitation and remote monitoring, and the adoption of rehabilitation robotics in sports medicine.
Global Rehabilitation Robotics Market Key Driver
The rehabilitation robotics market is expected to grow due to rising instances of strokes, injuries, and neurological diseases. According to the World Health Organization, approximately 50 million people globally suffered from epilepsy in 2022. This prevalence, especially in low and middle-income countries, underscores the need for rehabilitation devices, including robotics, to address neurological disorders. The market is poised to meet the growing demand for effective rehabilitation solutions, offering support to individuals affected by neurological conditions.
Get A Free Sample Of The Global Rehabilitation Robotics Market ReportGlobal Rehabilitation Robotics Market Segments
The global rehabilitation robotics market covered in this report is segmented –
1) By Type: Exoskeleton Robots, Therapeutic Robots, Assistive Robots, Prosthetic Robots
2) By Patient Type: Adult, Pediatrics
3) By Part: Lower Extremity, Upper Extremity
4) By Application: Gait Therapy, Limb Mobility
5) By End User: Rehabilitation Centers, Hospitals
By Geography: The regions covered in the Rehabilitation Robotics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawas the largest region in the rehabilitation robotics market in 2023. North Americais expected to be the fastest-growing region during the forecast period. The regions covered in the rehabilitation robotics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Rehabilitation Robotics Industry Players
Myomo Inc., Bionik Laboratories Corporation, Hocoma AG, Cyberdyne Inc., ReWalk Robotics Ltd., Ekso Bionics Holdings Inc., Rex Bionics Ltd., AlterG Inc., RU Robots Limited, Woodway GmbH, Tyromotion GmbH, ABILITY Switzerland AG, Motek Medical B.V., Reha Technology AG, Man&Tel Co. Ltd., Rehab-robotics Company Limited, Kinova Robotics, Mrisar Institute of Science Arts and Robotics, Robotdalen, Bioxtreme Robotics Rehabilitation, Corindus Inc., Fourier Intelligence Co. Ltd., Focal Meditech BV, B-Temia Inc., Gogoa Mobility Robots SL, Motorika Medical Ltd., Neofect Co. Ltd., Saebo Inc., SynTouch LLC, Touch Bionics Inc., Biodex Medical Systems Inc., HONDA Motor Co. Ltd., InMotion LLC, KUKA AG, Parker Hannifin Corporation, RSL Steeper Group Ltd.
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Rehabilitation Robotics Market Overview
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 rehabilitation robotics are used to improve the movement of people with impaired physical functioning.
Rehabilitation Robotics Global Market Report 2023 provides data on the global rehabilitation robotics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The rehabilitation robotics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.