According to Emergen Research, the global rehabilitation robotics market size was USD 2.77 billion in 2020 and is expected to reach USD 11.38 billion in 2028 and register a revenue CAGR of 20.5% during the forecast period, 2021-2028.
Emergen Research has published its latest report titled “Rehabilitation Robotics Market, By Type (Therapeutic, Exoskeleton, Assistive, Others), By Body Part (Lower Extremity, Upper Extremity), By Therapy (Balance, Gait, Limb Mobility), By Application (Neurology, Orthopedics, Others), and By Region Forecast to 2028 ”
According to Emergen Research, the global rehabilitation robotics market size was USD 2.77 billion in 2020 and is expected to reach USD 11.38 billion in 2028 and register a revenue CAGR of 20.5% during the forecast period, 2021-2028.
Market Dynamics:
The global rehabilitation robotics market revenue growth is significantly driven by factors such as rise in geriatric population worldwide, increasing incidences of orthopedic disorders such as osteoarthritis and rheumatoid arthritis, increasing prevalence of neurodegenerative disorders such as Parkinson’s disease, Alzheimer’s disease, and spinal muscular atrophy, and rising cases of stroke, spinal cord injuries, traumatic brain injury, and cerebral paralysis. Rising cases of road accidents and irreversible physical injuries – which mostly lead to amputation, paralysis, or quadriplegia – rapid adoption of assistive robotics for faster and more effective treatment of these conditions, increasing research & development activities for advanced robot-assisted therapies, and growing number of state-of-the-art rehabilitation clinics around the world are among the other key factors expected to drive market revenue growth over the upcoming years.
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Rehabilitation robots are automated therapy machines that enable individuals with mobility issues to walk or move better, and thus augment the rehabilitation process. These robots are equipped with sensors, actuators, and other input devices that control the body’s movement, direction, speed, and joint coordination patterns. Moreover, these robots are capable of recording movement data and provide rehabilitating patients with high-quality, personalized care. Rehabilitation robots are mostly used by patients with spinal cord injury, traumatic brain injury, multiple sclerosis, and Parkinson’s disease for faster recovery.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Therapeutic Segment Accounted for Largest Revenue Share in 2020:
Based on type, the global rehabilitation robotics market is segmented into Therapeutic, Exoskeleton, Assistive, and Others. The therapeutic segment dominated other segments in terms of largest revenue share in the global market in 2020. Rising prevalence of neurological disorders such as multiple sclerosis, Alzheimer’s disease, and spinal muscular atrophy, and technological advances in therapeutic rehabilitation robots are major factors driving revenue growth of this segment.
Gait Therapy Segment to Account for Fastest Revenue CAGR:
Based on therapy, the gait therapy segment is expected to register the fastest revenue growth rate in the global rehabilitation robotics market over the forecast period. Gait therapy is a rehabilitation therapy that enhances the mobility of physically disabled patients. Increasing incidences of neurological disorders, growing need for high-intensity physiological gait therapies, and growing patient pool are key factors expected to boost this segment’s revenue growth.
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North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America rehabilitation robotics market accounted for the largest revenue share in the global market in 2020. Incorporation of assistive robotics in rehabilitation therapies, rise in R&D activities in the field of rehabilitation robotics, increasing incidences of orthopedic disorders, stroke, spinal cord injuries, and neurological disorders, and presence of state-of-the-art rehabilitation facilities, mainly in the U.S. and Canada, are the primary factors driving revenue growth of the North America market.
Major Companies in the Global Rehabilitation Robotics Market Include:
- Myomo Inc.
- ABILITY Switzerland AG
- Bionik, Inc.
- Hocoma AG
- AlterG, Inc.
- Motek Medical B.V.
- Reha Technology AG
- Cyberdyne Inc.
- Man&Tel Co., Ltd.
- ReWalk Robotics, Ltd.
- Ekso Bionics
- Rex Bionics Ltd.
For the purpose of this report, 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; 2018-2028)
- Therapeutic
- Exoskeleton
- Assistive
- Others
Body Part Outlook (Revenue, USD Billion; 2018-2028)
- Lower Extremity
- Upper Extremity
Therapy Outlook (Revenue, USD Billion; 2018-2028)
- Balance
- Gait
- Limb Mobility
Application Outlook (Revenue, USD Billion; 2018-2028)
- Neurology
- Orthopedics
- Others
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Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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