Rehabilitation Robot Market Scope
Rehabilitation robot, a mechanically operate medical device, designed to automate the process for rehabilitation or to improve the movements of individuals with physical impaired functioning. It consists of a wide range of portable and stationary electromechanical assisted training robots to improvise the lost body function of patients. In the United States, stroke affects more than 795,000 people per year, as per Centres for Disease Control and Prevention (CDC) facts & statistics. This, in turn, the growth in the adoption of a rehabilitation robot across the country.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Rehabilitation Robot market throughout the predicted period.
AlterG (United States), Bionik (Canada), Ekso Bionics (United States), Myomo (United States), DIH Technologies Corporation (Hocoma) (United States), Focal Meditech (The Netherland), Honda Motor (Japan), Instead Technologies Ltd. (Spain), Aretech LLC (United States), MRISAR (United States), Tyromotion GmbH (Austria), Motorika USA Inc. (United States) and Rex Bionics Ltd. (New Zealand) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Kinestica (Slovenia), Kinova (Canada), MediTouch (Israel), Rehab-Robotics Company Limited (China), Reha-Stim Medtec AG (Switzerland) and Touch Bionics (United Kingdom).
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 total available market.
Segmentation Overview
The study have segmented the market of Global Rehabilitation Robot market by Type (Upper Extremity Rehabilitation Robots, Lower Extremity Rehabilitation Robots, Therapeutic Rehabilitation Robots and Full-body Exoskeletons), by Application (Sports and Orthopedic Medicine, Neurorehabilitation, Military Strength Training and Others) and Region with country level break-up.
On the basis of geography, the market of Rehabilitation Robot 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).
In the European Community, there is no standard for rehabilitation robots as a medical device. Such a standard, as for other domains of service robotics, should include risk analysis methods, examples of ranked levels for severity and frequencies, general safety requirements, as well as measures, tests, safeguards, checklists, etc.
Market Trend
- Surging Consumer Awareness About Robot-Assisted Treatments Globally
- Massive Investment by Key Players in Development of Advanced Rehabilitation Robot
Market Drivers
- Increasing Aging Population and The Growth in Number of People Diagnosed with Numerous Conditions Includes strokes, spinal cord injuries, traumatic brain injuries, among Others
Opportunities
- Increasing Instances of Chronic Illnesses in Both Developed and Developing Economies
- The Growth in Number of Insurance Coverage for Exoskeletons
Restraints
- High Cost of Rehabilitation Robot Lead to Limited Adoption in Developing Economies
Challenges
- Availability of Home Nursing Rehabilitation Services
- Software Failures in System could be an Important Source of Hazardous Situations
Key Target Audience
Rehabilitation Robot Manufacturers, Component Suppliers/Distributors, Technology Providers, Rehabilitation Robot Suppliers, Investment Vendors, End Users and Others