About Rehabilitation Robotics
The field of research devoted to enlarging rehabilitation through the deployment of robotic devices is called rehabilitation robotics. The resolution of rehabilitation is to repair some or all sensory, physical, and mental disabilities of patients caused by illness or injury. Robotic rehabilitation is prescribed for patients suffering from several types of injury, illness, or disease, including arthritis, cancer, amputations, cardiac disease, orthopedic injuries, neurological problems, stroke, spinal cord injuries, traumatic brain injuries, and others. Patients with severe paresis can be delivered with passive movement of the upper limb, through robotic rehabilitation. For patients with some movement capacity, robots can support the weight of the limb in contrast to gravity, owing to the physical interaction between the subject and the robot.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 19.8% |
Competition among existing players is due to the vitamins market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for vitamins Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Rehabilitation Robotics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AlterG, Inc. (United States), Bionik Laboratories Corp. (Canada), Ekso Bionics (United States), Myomo (United States), Hocoma AG (Switzerland), Focal Meditech (Netherlands), Instead Technologies (Spain), Aretech (United States), MRISAR (United States) and Tyromotion (Austria) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Motorika (Israel), Rex Bionics (United Kingdom) and Rehab-Robotics (China).
Segmentation Overview
AMA Research has segmented the market of Global Rehabilitation Robotics market by Type (Assistive Robots, Prosthetics-Orthotics, Therapeutic Robots and Exoskeleton Robotic), Application (Rehabilitation Nursing, Artificial Limb and Rehabilitation Therapy) and Region.
On the basis of geography, the market of Rehabilitation Robotics 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). North America region held largest market share in the year 2023. If we see Market by End-Users, the sub-segment i.e. Rehabilitation Centers will boost the Rehabilitation Robotics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in Number of Private Hospitals and Increase in R&D Activities
Market Growth Drivers:
Increase in Aging Population, Increase in Incidences of Orthopedic Disorders and Latest Technological Advancements
Challenges:
High Cost of Rehabilitation Robots and Stringent Regulations Regarding Exoskeletons
Opportunities:
Emerging Demand from Economies
Market Leaders and their expansionary development strategies
In March 2018, Bionik Laboratories Corp. a robotics company focused on providing rehabilitation and assistive technology solutions from hospital to home for individuals with neurological and mobility challenges, announced a distribution agreement for the sale of its InMotion Robotic Systems in South Korea with Curexo. Due to this agreement, Bionik also going to become the exclusive distributor of Curexo's Morning Walk lower body rehabilitation technology within the United States.
In July 2023, A global industry leader in the rehabilitation technology industry, Fourier Intelligence launched its Advanced Rehab Robotics Centre in Malaysia. Backed by Saudi Aramco’s Prosperity7 Venture, Fourier Intelligence has grown significantly since its establishment in 2015 and successfully raised USD 62 million in funding. With over 2,000 installations and a market presence in 56 countries globally, the company focuses on rehabilitation technology that aims to empower patients and therapists using robotics and artificial intelligence.
A burdensome and sluggish regulatory sanctioning process by governmental agencies such as the U.S. Food and Drug Administration (FDA) slow the granting of approvals required to enter commercial production.
Key Target Audience
Rehabilitation Robotics Manufacturers, Rehabilitation Robotics OEMs, Distributors, Importer/Exporter and Regulatory and Government Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.