How Has The Rehabilitation Robotics Market Size Evolved In Recent Years?
The rehabilitation robotics market has seen considerable growth due to a variety of factors.
• Over recent years, the market size of rehabilitation robotics has seen substantial growth. It is projected to expand from $1.48 billion in 2024 to $1.82 billion in 2025, reflecting a compound annual growth rate (CAGR) of 23.4%.
The notable growth during the historic period can be credited to the rise in rehabilitation and physical therapy services, the increasing demand for precision and targeted therapy, the surge in aging populations and chronic conditions, the advent of sophisticated robotic rehabilitation devices, and the implementation of regulatory standards for the safety of medical devices.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Rehabilitation Robotics Market?
The rehabilitation robotics market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for rehabilitation robotics is predicted to experience a significant increase in the coming years, with its value expected to reach $4.05 billion in 2029, displaying a compound annual growth rate (CAGR) of 22.1%.
The expansion projected for the forecast period can be linked to bespoke rehabilitation robotics catering to individual patient requirements, the incorporation of artificial intelligence and machine learning in rehabilitation, effective and economical rehabilitative robotics, growth in the tele-rehabilitation and remote monitoring sector, and the usage of rehabilitation robotics in the field of sports medicine. Key trends for the forecast period include adhering to regulatory guidelines related to the safety of rehabilitation robotics, innovative and adaptable robotic rehabilitation solutions, tailored rehabilitation plans with progress monitoring, maintaining transparency in data and results achieved through rehabilitation robotics, and the incorporation of elements like virtual reality and gamification in therapy procedures.
What Are The Essential Drivers Behind The Growth Of The Rehabilitation Robotics Market?
The rehabilitation robotics market is expected to be driven by an increase in cases of strokes, injuries, and neurological disorders during the forecast period. A report by the World Health Organization (WHO), a health agency of the United Nations based in Switzerland, stated that in 2022, epilepsy was prevalent in about 50 million people worldwide. Furthermore, nearly 80% of these individuals resided in countries with low to middle income. Thus, an escalation in instances of strokes and neurological disorders will potentially boost the demand for rehabilitation equipment such as rehabilitation robots.
How Is The Global Rehabilitation Robotics Market Divided Into Key Segments?
The 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
Subsegments:
1) By Exoskeleton Robots: Lower Limb Exoskeletons, Upper Limb Exoskeletons, Full-Body Exoskeletons, Powered and Passive Exoskeletons
2) By Therapeutic Robots: Robotic Rehabilitation Devices for Stroke Patients, Robotic Systems for Gait Training, Robotic Hand Rehabilitation Devices, Interactive Therapeutic Robots for Cognitive Therapy
3) By Assistive Robots: Robotic Mobility Aids (e.g., robotic wheelchairs), Companion Robots for Emotional Support, Robots for Daily Living Assistance (e.g., feeding, dressing)
4) By Prosthetic Robots: Robotic Prosthetic Limbs, Bionic Hands and Arms, Smart Prosthetics with Sensory Feedback
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What Trends Are Reshaping The Future Of The Growth Rate Market?
The rehabilitation robotics market has been significantly impacted by the quick adoption of aid robotics for more efficient and quicker treatments. Increasingly, medical professionals are turning to assistive robots for a better and more rapid treatment process, prompting companies to invest more in new product development to cater to this demand. A case in point is Labrador Systems, Inc., a US-based robotics company in its early stage and specializing in assistive robots. In January 2022, it rolled out the Labrador Retriever. This personal robot helps people enjoy a higher degree of independence by providing practical assistance for day-to-day household chores. It offers an extra pair of hands, aiding in carrying heavy items, and bringing needed objects within reach. It has been designed to relieve individuals suffering from chronic pain, injuries, or other medical conditions, by reducing the strain of everyday tasks.
Who Are the Key Players in the Rehabilitation Robotics Market?
Major companies operating in the rehabilitation robotics market include:
• 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
• 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.
What are the Regional Insights into the Rehabilitation Robotics Market?
North America was the largest region in the rehabilitation robotics market in 2024. North America is 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.
