Healthcare Medical Devices Biotechnology

Rehabilitation Robots Market

Global Industry Analysis and Forecast 2023-2030

Pages : 120

Base Year : 2022

Released Year : December 2023

Format :Pdf Ppt Xls

Report ID:KR319

Author : Omkar R.

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Base Year

2022

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Forecast Year

2023-2030

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Historical Years

2018-2021

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Market Value (2022)

USD 239.1 Million

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Forecasted Value (2030)

USD 1026.2 MIllion

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CAGR (2023 – 2030)

19.97%

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Fastest Growing Region (2023 - 2030)

Asia Pacific

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Largest Region

North America

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By Type

Therapy Robots, Exoskeleton Robots, Assistive Robots

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By Application Site

Upper Body, Lower Body

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By End-User

Rehabilitation Centers, Hospitals, Others


Market Perspective

The global Rehabilitation Robots Market was valued at USD 239.1 million in 2022 and is projected to reach USD 1026.2 million by 2030, growing at a CAGR of 19.97% from 2023 to 2030.

As the global population ages and advancements in robotics and AI technology continue, along with the impact of the COVID-19 pandemic, the market for rehabilitation robots is expected to experience significant growth. The prevalence of chronic diseases and disabilities is on the rise, boosting the demand for rehabilitation services. With the COVID-19 pandemic, robots have become increasingly important in enabling remote therapy and monitoring, accelerating the development of telerehabilitation technologies.

This creates opportunities for rehabilitation robots in settings beyond traditional healthcare facilities to provide practical and affordable treatments to individuals in their homes. By integrating robotics with other healthcare technologies such as virtual reality and wearables, personalized and comprehensive rehabilitation plans can be created. As healthcare systems worldwide prioritize patient care and cost-efficiency, rehabilitation robots are positioned to play a pivotal role in shaping the future of rehabilitation services.

Analyst’s Review on Rehabilitation Robots Market

In the upcoming years, the rehabilitation robots market is expected to witness several significant trends. One of the key advancements will be the integration of AI and machine learning algorithms, allowing robots to adapt to the unique needs of each patient and deliver personalized therapy. This will enable healthcare professionals to closely monitor patient progress and make necessary adjustments to treatment plans using data analytics. Exoskeletons and wearable rehabilitation equipment are anticipated to be developed to assist patients in regaining movement and functionality.

Moreover, increased connectivity in the market will pave the way for telemonitoring and telerehabilitation services. Rehabilitation robots will find applications in neurological, pediatric, and sports therapy. Ongoing research and development efforts will lead to more affordable and accessible solutions, benefiting a wider range of patients.

Market Definition

Rehabilitation robots are advanced medical devices designed to support individuals in recovering or enhancing their physical abilities after injury or illness. They encompass various robotic systems, including exoskeletons, robotic arms, and robotic gait trainers. While commonly utilized in clinical settings such as hospitals and rehabilitation centers, these devices are increasingly being employed in home-based care.

The applications of rehabilitation robots are diverse and extensive. They play a crucial role in physical therapy, aiding patients in their rehabilitation journey following injuries, surgeries, or neurological conditions. For instance, exoskeletons enable individuals with mobility impairments to walk, while robotic arms assist in upper limb rehabilitation. Rehabilitation robots are also valuable in pediatric care, helping children facing mobility challenges.

From a regulatory point of view, the use of rehabilitation robots is subject to medical device regulations in many countries. These regulations are in place to ensure the safety and effectiveness of these devices. Manufacturers must obtain regulatory approvals or certifications, such as CE marking in Europe or FDA clearance in the United States, before marketing their rehabilitation robots. Compliance with these regulations is essential to uphold the quality and safety standards of these medical devices.

Market Dynamics

The increasing prevalence of chronic illnesses and disabilities is a key driver in the rehabilitation robots market. As the global population ages, there is a growing number of individuals living with conditions such as stroke, spinal cord injuries, and degenerative ailments that require rehabilitation. Robotic rehabilitation systems offer an effective means to expedite the patient's recovery process and improve their overall quality of life.

There is significant commercial potential in expanding the use of rehabilitation robots to in-home care. While these robots are commonly utilized in hospital settings, the emergence of telerehabilitation has led to a growing trend of delivering rehabilitation services in the comfort and convenience of patients' homes. This shift allows patients to receive therapy in a setting that is more convenient and comfortable, potentially reducing healthcare expenses. Manufacturing companies and healthcare organizations can seize this opportunity by developing user-friendly rehabilitation robot solutions tailored for in-home use.

The high initial cost of rehabilitation robots is a major restraint in the market development. These robotic systems often incorporate advanced robotics, artificial intelligence, and sensor technologies, which raise production and purchasing costs. This expense can impede the adoption rate of rehabilitation robots, particularly in smaller healthcare facilities.

Ensuring the seamless integration of rehabilitation robots into existing healthcare processes and systems presents a major challenge. Healthcare institutions and professionals have to adapt to new technologies and receive proper training to effectively utilize them. Additionally, effective patient management relies on compatibility with electronic health records (EHRs) and other healthcare software platforms.

Segmentation Analysis

The global rehabilitation robots market is segmented based on type, application site, end-user, and geography.

Based on type, the rehabilitation robots market is segmented into therapy robots, exoskeleton robots, and assistive robots. The exoskeleton robots segment dominated the market in 2022, primarily due to the rising number of elderly individuals who rely on these robots. Furthermore, the increasing prevalence of cerebral palsy, the most common childhood disability, is expected to drive the demand for exoskeleton robots.

Based on application site, the rehabilitation robots market is classified into upper body and lower body. The lower body segment accounted for the highest revenue in the market in 2022, driven by several factors such as the growing prevalence of lower body disabilities, an aging population, and an increase in the number of paralyzed patients. This has led to a rising adoption, penetration, and growth of the lower-body segment. The use of robotic lower-body exoskeletons as a means of assistance for lower limb paralysis and to promote muscle activity in the lower body is particularly beneficial for frail elderly individuals and those affected by conditions such as multiple sclerosis and strokes.

Based on end-user, the rehabilitation robots market is categorized into rehabilitation centers, hospitals, and others. The hospitals segment dominated the global rehabilitation robots market in 2022. This growth can be primarily attributed to increased healthcare spending and the rapid integration of advanced technologies in healthcare facilities. Additionally, a significant portion of the population suffering from musculoskeletal disorders, spinal cord injuries, and similar conditions seek rehabilitation services in hospitals which is driving the growth of this segment.

Geographical Analysis

Based on regional analysis, the global rehabilitation robots market is classified into North America, Europe, Asia-Pacific, MEA, and Latin America.

North America dominated the global market in 2022, driven by robust healthcare infrastructure, increased healthcare spending, and an aging population. Leading companies and academic institutions in robotics and healthcare technology have contributed considerably to the development and utilization of these advanced robots. In the U.S., favorable reimbursement policies and regulatory frameworks have facilitated the integration of these advanced medical devices.

The Asia-Pacific region is projected to experience the fastest growth in the rehabilitation robots market, with the highest projected CAGR from 2023 to 2030. This growth is foreseen to be propelled by the aging population in countries such as Japan and China, which is set to potentially increase demand for rehabilitation robots. In addition to this, emerging economies are investing in healthcare infrastructure and technology, with governments and healthcare providers in China and India recognizing the benefits of rehabilitation robots. The region is witnessing an increasing number of robotics companies specializing in healthcare applications, which is driving innovation in the market.

Competitive Landscape

The global rehabilitation robots market report will provide valuable insight with an emphasis on the fragmented nature of the industry. Prominent players are focusing on several key business strategies such as partnerships, mergers and acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their market shares across different regions. Expansion & investments involve a range of strategic initiatives including investments in R&D activities, new manufacturing facilities, and supply chain optimization which could pose new opportunities for the market. The manufacturers in the global rehabilitation robots market are

  • Bionik Laboratories Corporation
  • Ekso Bionics
  • ReWalk Robotics
  • Rex Bionics Ltd.
  • Corindus, Inc.
  • Hocoma AG
  • Bioxtreme
  • Rehab-Robotics Company Limited
  • Cyberdyne Inc.
  • DIH Medical

Key Developments

  • August 2023 (Acquisition): ReWalk Robotics acquired AlterG. This move was aimed at scaling its business and accelerating ReWalk’s path to profitability. The acquisition brought together ReWalk's expertise in robotic exoskeletons with AlterG's innovative anti-gravity treadmill technology, allowing the combined company to offer a comprehensive portfolio of rehabilitation solutions.
  • April 2023 (Product Launch): Harmonic Bionics launched its Harmony SHR Robotic Rehabilitation System, after its FDA registration. The system is designed to assist patients with upper limb impairments in their recovery. It utilizes advanced robotics and artificial intelligence for personalized therapy, providing a cost-effective and accessible solution for rehabilitation.

The global Rehabilitation Robots Market is segmented as:

By Type

  • Therapy Robots
  • Exoskeleton Robots
  • Assistive Robots

By Application Site

  • Upper Body
  • Lower Body

By End-User

  • Rehabilitation Centers
  • Hospitals
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Middle East & Africa
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
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Frequently Asked Questions (FAQ's)
The global rehabilitation robots market is projected to reach USD 1026.2 million by 2030, growing at a CAGR of 19.97% from 2023 to 2030.
The global rehabilitation robots market was valued at USD 239.1 million in 2022.
The increasing prevalence of chronic diseases and disabilities due to an aging population and ongoing advancements in robotics and AI technologies are fueling the market growth.
Top manufacturers of rehabilitation robots market are Bionik Laboratories Corporation, Ekso Bionics, ReWalk Robotics, Rex Bionics Ltd., Corindus, Inc., Hocoma AG, Bioxtreme, Rehab-Robotics Company Limited, Cyberdyne Inc., DIH Medical, and others.
Asia-Pacific is the fastest growing region with the highest CAGR in the forecasted period (2023-2030).
By type, therapy robots segment will hold the maximum share in the rehabilitation robots market with the revenue value of USD million in 2030.
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