The global Rehabilitation Robotics Market is forecasted to be worth USD 9.45 Billion by 2027, according to a new report by Emergen Research. The rising geriatric population and the increase in incidence of disorders like rheumatoid arthritis, injuries to the spine, cerebral paralysis, and other age-related disorders are expected to drive the global rehabilitation robotics market growth over the forecast timeframe. Also, market growth is expected to be further fueled by hospital-initiated initiatives to offer neurorehabilitation to patients. The report provides Rehabilitation Robotics market forecast, supported by detailed insights historical data and revenues, past and current market trends, industry trends, consumer trends, market size, market share, market growth, along with ranging impacts of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report offers these individuals a vivid description of the competitive spectrum of the global Rehabilitation Robotics market. The report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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Global Rehabilitation Robotics market forecast has been provided following thorough study, focus, comparison, and analysis of a varying range of factors and past market forecast and present outcomes. Rehabilitation Robotics Market forecast is made possible through, but has not been limited to, a study and analysis of a variety of factors and trends, and these are verified through interviews with industry experts and companies operating in the market. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. One of the key factors hindering the market growth is the high cost of robotic rehabilitation devices, particularly in emerging economies. Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Rehabilitation Robotics market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Rehabilitation Robotics market revenue growth to a significant extent over the forecast period.
Top key vendors in Rehabilitation Robotics Market include are:
Myomo Inc., ABILITY Switzerland AG, Bionik, Inc., Hocoma AG, AlterG, Inc., Motek Medical B.V., Reha Technology AG, Cyberdyne Inc., Man&Tel Co., Ltd., and ReWalk Robotics, Ltd. among others.
Key Highlights From The Report
- In June 2019, ReWalk Robotics, Ltd., received United States Food and Drug Administration (FDA) approval for the sale of its ReStore Exo-Suit, the first soft robotic system for stroke treatment across the U.S., which is expected to strengthen its presence in the North America region.
- The therapeutic segment held the largest market share of 51.6% in 2019 in the rehabilitation robotics market due to the continuous growing technological developments in the therapeutic robotics system.
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The report’s authors have offered necessary details on the latest Rehabilitation Robotics market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Rehabilitation Robotics industry entails useful insights into the estimated Rehabilitation Robotics market size, revenue share, and sales & distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future.Emergen Research has segmented the global Rehabilitation Robotics Market on the basis of type, body part, therapy, application, and region:
- Type Outlook (Revenue, USD Billion; 2017-2027)
- Body Part Outlook (Revenue, USD Billion; 2017-2027)
- Lower Extremity
- Upper Extremity
- Therapy Outlook (Revenue, USD Billion; 2017-2027)
- Limb Mobility
- Application Outlook (Revenue, USD Billion; 2017-2027)
Region wise performance of the Rehabilitation Robotics industry
North America Rehabilitation Robotics market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2028. In addition, North America Rehabilitation Robotics market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2028.
Asia Pacific registered fastest revenue CAGR in 2020, and the Rehabilitation Robotics market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2028.
Europe Rehabilitation Robotics market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2028. Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Rehabilitation Robotics market growth.
Key geographical areas:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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Table of Content
Chapter 1. Methodology & Sources
1.1. Rehabilitation Robotics Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Rehabilitation Robotics Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Rehabilitation Robotics Market Segmentation & Impact Analysis
4.1. Rehabilitation Robotics Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Rehabilitation Robotics Market indicators analysis
4.2.2. Rehabilitation Robotics Market drivers analysis
22.214.171.124. Rapid urbanization and industrialization
126.96.36.199. Stringent government regulations regarding carbon emissions
188.8.131.52. Increasing prevalence of respiratory diseases
184.108.40.206. Rising need to enhance indoor air quality
4.2.3. Rehabilitation Robotics Market restraints analysis
220.127.116.11. High cost associated with the maintenance of Rehabilitation Robotics products
18.104.22.168. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Key questions addressed in the report:
- What are the key factors driving the global Rehabilitation Robotics market?
- Who are the key manufacturers in this market space?
- Who are the distributors, traders and dealers of this market?
- What are the market opportunities and risks affecting the performance of the vendors in the global Rehabilitation Robotics market?
- What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?
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