Rising Prominence of Robotics Technology in Patient Rehabilitation and Therapy Drives Growth
Global Market for Rehabilitation Robots
Dublin, April 05, 2023 (GLOBE NEWSWIRE) — The “Rehabilitation Robots: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Rehabilitation Robots estimated at US$762.8 Million in the year 2022, is projected to reach a revised size of US$4.2 Billion by 2030, growing at a CAGR of 23.6% over the analysis period 2022-2030.
Upper Extremity, one of the segments analyzed in the report, is projected to record a 21% CAGR and reach US$1.3 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Lower Extremity segment is readjusted to a revised 23.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $304.5 Million, While China is Forecast to Grow at 25.2% CAGR
The Rehabilitation Robots market in the U.S. is estimated at US$304.5 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$635 Million by the year 2030 trailing a CAGR of 25.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19% and 20.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 21.4% CAGR.
Select Competitors (Total 100 Featured) –
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Bionik Laboratories Corp.
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BioXtreme
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Corindus, Inc.
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CYBERDYNE Inc.
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Ekso Bionics Holdings Inc.
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Hocoma AG
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Parker Hannifin Corp.
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Rehab-Robotics Company Limited
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ReWalk Robotics Ltd.
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Rex Bionics Ltd.
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Siemens AG
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Tyromotion GmbH
What`s New for 2023?
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Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
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Global competitiveness and key competitor percentage market shares
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Market presence across multiple geographies – Strong/Active/Niche/Trivial
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Online interactive peer-to-peer collaborative bespoke updates
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Access to digital archives and Research Platform
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Complimentary updates for one year
Key Attributes:
Report Attribute |
Details |
No. of Pages |
301 |
Forecast Period |
2022 – 2030 |
Estimated Market Value (USD) in 2022 |
$762.8 Million |
Forecasted Market Value (USD) by 2030 |
$4200 Million |
Compound Annual Growth Rate |
23.8% |
Regions Covered |
Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
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Rehabilitation Robots – Global Key Competitors Percentage Market Share in 2022 (E)
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Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
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Impact of COVID-19 Pandemic and a Looming Global Recession
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Weak Global Economic Environment & Negative Tide in GDP Forecasts Discourage the Market
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World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
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Robotics Play an Increasingly Important Role in Medical Sector
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An Introduction to Rehabilitation Robots
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Functional Roles of Rehabilitation Robots
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Rehabilitation Robotics: Historical Background
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Global Market Prospects & Outlook
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Robotics Stride Ahead to Restore Mobility and Supplement Physiotherapist Efforts in Stroke Patients
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Developed Regions Lead Market, Developing Economies to Spearhead Future Growth
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Competition
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World Brands
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Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
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Rising Prominence of Robotics Technology in Patient Rehabilitation and Therapy
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Aging Population with Age-related Conditions Drive Demand for Rehabilitation Robots
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Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
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Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
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Life Expectancy at Birth in Years of People in Select Countries for 2020E
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Increasing Incidence of Neurological & Musculoskeletal Disorders and Other Chronic Medical Conditions to Propel Market Growth
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Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
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Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
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World Diabetes and Population Statistics (2019, 2030 & 2045)
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Rising Significance of Rehabilitation Robots for Physical Therapy of Stroke Survivors
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A Glance at Select Population Stroke Rehabilitation Robots
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Osteoarthritis & Osteoporosis: Major Health Conditions Affecting Mobility in the Elderly to Drive Market Growth
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Global Osteoporosis Prevalence: Number of People with Osteoporosis in Millions by Select Country/Region for 2012 and 2022P
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% of Women Affected by Osteoporosis
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Rising Incidence of Physical Disabilities: A Grim Reality Driving Significance of Rehabilitation Robots
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Percentage of Population with Disabilities by Age Group
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Smarter Rehabilitation through Machine Learning and Robotics
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Eldercare-Assistive Robots: Enabling Elderly and Disabled to Live Independently
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Therapeutic Rehabilitation Robots Market: Providing Assistance to Patients with Motor Disorders
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Exoskeleton Robots: Enabling Medical Rehabilitation
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Shortage of Home Care Workers and Rising Care Costs for Disabled and Elderly Turn Focus onto Rehabilitation Robots
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Annual Cost of Full-Time Home Health Aide (in $) in the US for 2004-2019
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Long-term Care Workers in the US: Percentage Breakdown of Workforce by Type for 2020E
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Shift towards Home Healthcare Augurs Well for the Market
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Rehabilitation Robots for Treatment of Post-CNS Sensorimotor Deficits: A Neurophysiological Perspective
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Technology Advancements in Rehabilitation Robots to Boost Market Prospects
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Handicap Assistance Robots: A Key Opportunity
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Rehabilitation Robots and Virtual Reality to Enhance Physical Therapy
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Select Innovative Technologies and Devices in Robotic Rehabilitation
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Current Areas of Research and Devices
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Consistent Rise in Healthcare Spending Worldwide to Support Market Growth
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World Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021 and 2023
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Healthcare Expenditure as a % of GDP by Region for 2019
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Challenges Confronting Rehabilitation Robots Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/gqst2c
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