Upper-limb Robotic Neurorehabilitation Market Scope
Upper-limb robotic neurorehabilitation is a type of therapy that uses robots to help people with upper-limb impairments improve their movement and function. Robots can provide repetitive, intensive, and task-specific training that can help to retrain the brain and muscles to move in a more coordinated and purposeful way. There are many different types of upper-limb robotic neurorehabilitation devices, but they all work in a similar way. The robot is attached to the person's arm and supports the arm as it moves through a series of exercises. The robot can provide resistance to movement, which can help to strengthen the muscles. It can also provide sensory feedback, which can help to improve the person's awareness of their arm position and movement.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Barrett (United Kingdom), Hocoma (Switzerland), Neuro Rehab VR (United States), BIONIK (United States), Medtronic (Ireland), Tyromotion GmbH (Austria), Ekso Bionics (United States), ReWalk Robotics (United States), BrainCo, Inc. (United States), Gloreha (United States), BTE Technologies, Inc. (United States), MediTouch Ltd. (Israel) and Ossur (Iceland) |
CAGR | % |
The global Upper-limb robotic neurorehabilitation market is highly fragmented, with fierce competition among the top players for a large share of the global market. The majority of market players are vertically integrated, with a diverse product portfolio of Upper-limb robotic neurorehabilitation materials. Many players are arranging various strategies, entering into merger and acquisition to increased companies portfolio. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Upper-limb Robotic Neurorehabilitation market throughout the predicted period.
Barrett (United Kingdom), Hocoma (Switzerland), Neuro Rehab VR (United States), BIONIK (United States), Medtronic (Ireland), Tyromotion GmbH (Austria), Ekso Bionics (United States), ReWalk Robotics (United States), BrainCo, Inc. (United States), Gloreha (United States), BTE Technologies, Inc. (United States), MediTouch Ltd. (Israel) and Ossur (Iceland) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Upper-limb Robotic Neurorehabilitation market by Type and Region with country level break-up.
On the basis of geography, the market of Upper-limb Robotic Neurorehabilitation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On November 2023, Reha Robotics and Ekso Bionics announced that they have merged to create a global leader in robotic exoskeleton technology for upper and lower extremity rehabilitation. The combined company will have a portfolio of FDA-cleared exoskeleton products.
On November 2023, Ekso Bionics announced the launch of its EksoNR robotic exoskeleton for neurorehabilitation. The EksoNR is designed to help individuals with upper extremity paralysis regain function in their arms and hands.
Influencing Trend:
Increasing Demand of Tele-rehabilitation, this will allow Patients to Received Therapy from the Comfort of their Own Homes
Market Growth Drivers:
Rising Incidence of Stroke and Growing Awareness of the Benefits of Robotic Neurorehabilitation
Challenges:
The High Competition among Major Players and There is a Lack of High-Quality Evidence to Support the Effectiveness of Robotic Neurorehabilitation
Restraints:
Robotic Therapy Systems are Expensive, Both in Terms of the Initial Purchase Price and the Ongoing Costs of Maintenance and Support and The Lack of Trained Therapists
Opportunities:
Technological Advancements are Making Robotic Neurorehabilitation Devices More Affordable and Easier to Use
Key Target Audience
Raw Material Providers, Device Manufacturer, Supplier & Distributer, Government Bodies, Research Organization and Others