Global Rehabilitation Robot Market Report 2022-2026

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World market for rehabilitation robots

World market for rehabilitation robots

World market for rehabilitation robots

Dublin, April 7, 2022 (GLOBE NEWSWIRE) — The “Rehabilitation Robots: Global Market Analysis and Trajectory” Report has been added to ResearchAndMarkets.com offering.

The global market for rehabilitation robots will reach $1.8 billion by 2026

The global market for rehabilitation robots, estimated at US$566.5 million in 2020, is projected to reach a revised size of US$1.8 billion by 2026, growing 21.7% CAGR over the year. Analysis period.

Increasing demand from the vulnerable population (disabled, elderly, sick, paralyzed) as well as the severe shortage of healthcare workers are driving the growth of the market.

The ever-increasing demand for an active lifestyle and mobility in seniors, stroke survivors, and people with disabilities makes rehabilitative care critical to the road to recovery. The rapid increase in physical therapy volumes, coupled with advances in robotic and prosthetic technologies, have paved the way for the deployment of robots to restrain patients for new pain management therapy, gait training, and mobility assistance. physical rehabilitation.

Major technology companies and universities are capitalizing on this growing demand and developing newer and more advanced assistive robots, exoskeletons, robotic prosthetics and orthotics.

Upper Extremity, one of the segments analyzed in the report, is forecast to grow at a CAGR of 19.4% to reach $754.2 million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the lower extremity segment is reset to a revised CAGR of 21.9% for the next 7-year period.

This segment currently represents a 24.7% share of the global Rehabilitation Robots market. Upper extremity rehabilitation robots are broadly of two types, namely wearable assistive devices or orthoses for the hand or arm, and in-clinic devices used in physical or occupational therapy. Robotic lower extremity rehabilitation devices include exoskeleton devices, foot orthoses, in-clinic body weight support systems (treadmill gait trainers, stationary gait trainers, footplate gait trainers, and step trainers). walks on the ground).

The US market is estimated at $253.1 million in 2021, while China is forecast to reach $268.7 million by 2026

The rehabilitation robot market in the US is estimated at US$253.1 million in the year 2021. The country currently accounts for a 38.78% share of the global market.

China, the world’s second largest economy, is forecast to reach an estimated market size of US$268.7 million in the year 2026, with a CAGR of 23.2% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasting growth of 17.5% and 19.2%, respectively, over the review period.

Within Europe, Germany is forecast to grow at approximately 19.7% CAGR, while the Rest of Europe market (as defined in the study) will reach $331.1 million by the end of the analysis period. Growth in developed regions is being stimulated by the prevalence of chronic and infectious diseases, the increasing number of patients visiting hospitals, and the increased need to expand healthcare operations.

Other important factors favoring the market outlook include increased awareness of various diseases among the population, consumer wealth supporting the compulsion for care services, and encouragement of reimbursement schemes. Among developed nations, Japan is leading the way to overcome a shortage of health workers with the federal government spending nearly a third of the national budget on developing robots that can care for the elderly.

A number of factors are contributing to the rapid uptake of medical robots in developing regions, including an aging population in Asian countries and an increase in disability among adults. Along with the elderly population, the increasing incidence of physical debilitation induced by traumatic spinal, nerve and orthopedic injuries, arthritis and brain trauma are key to the growth of assistive robotics in this region.

Full-body exoskeleton segment to reach $448.2 million by 2026

In the global full body exoskeleton segment, the US, Canada, Japan, China and Europe will drive the estimated 25.2% CAGR for this segment. These regional markets represented a combined market size of US$94.7 million in the year 2020.

China will remain among the fastest growing in this group of regional markets. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is projected to reach US$45.9 million by 2026.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. OVERVIEW OF THE MARKET

  • Market share percentage of global key competitors in 2022 (E)

  • Impact of the COVID-19 pandemic and an impending global recession

  • The weak global economic environment and the negative tide in GDP forecasts discourage the market

  • Robotics plays an increasingly important role in the medical sector

  • Introduction to rehabilitation robots

  • Functional roles of rehabilitation robots

  • Rehabilitation robotics: historical background

  • Global Market Outlook and Outlook

  • Robotics Advances to Restore Mobility and Complement Physiotherapists’ Efforts in Stroke Patients

  • Developed regions lead the market and developing economies lead future growth

  • Competence

  • world brands

  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS (Total 100 Featured)

  • Laboratories Bionik Corp.

  • BioXtreme

  • Corindus, Inc.

  • CYBERDYNE Inc.

  • Ekso Bionics Holdings Inc.

  • Hocoma AG

  • Parker Hannifin Corp.

  • Rehab-Robotics Company Limited

  • ReWalk Robotics Ltd.

  • Rex Bionics Ltd.

  • Siemens AG

  • Tyromotion GmbH

3. MARKET TRENDS AND DRIVERS

  • Increasing prominence of robotic technology in patient therapy and rehabilitation

  • Population aging with age-related conditions drives demand for rehabilitation robots

  • Increasing incidence of neurological and musculoskeletal disorders and other chronic medical conditions to drive market growth

  • Increasing importance of rehabilitation robots for physiotherapy of stroke survivors

  • A look at stroke rehabilitation robots from a select population

  • Osteoarthritis and Osteoporosis: Major Health Conditions Affecting Mobility in the Elderly to Drive Market Growth

  • Rising Incidence Of Physical Disabilities: A Grim Reality Driving The Importance Of Rehabilitation Robots

  • Percentage of Population with Disabilities by Age Group

  • Smarter rehabilitation through machine learning and robotics

  • Elderly Care Assist Robots: Enabling the Elderly and the Disabled to Live Independently

  • Therapeutic rehabilitation robot market: assistance to patients with motor disorders

  • Exoskeleton Robots: Enabling Medical Rehabilitation

  • A shortage of homecare workers and rising costs of care for the disabled and elderly are putting the spotlight on rehab robots.

  • The shift to home health care bodes well for the market

  • Rehabilitation robots for the treatment of post-CNS sensorimotor deficits: a neurophysiological perspective

  • Technological advances in rehabilitation robots to drive market prospects

  • Robots to assist the disabled: a key opportunity

  • Rehabilitation robots and virtual reality to improve physiotherapy

  • Select innovative technologies and devices in robotic rehabilitation

  • Current Areas of Research and Devices

  • Steady rise in healthcare spending worldwide to support market growth

  • Challenges Facing the Rehabilitation Robot Market

4. WORLD MARKET OUTLOOK

third ANALYSIS OF THE REGIONAL MARKET

IV. COMPETENCE

For more information on this report, visit https://www.researchandmarkets.com/r/z3wijs

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