Global Rehabilitation Robots Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Type (Therapeutic Robots, Exoskeleton Robots, Assistive Robots and Others), End User & Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) – Industry Forecast from 2024 to 2029

Updated On: January, 2024
ID: 12316
Pages: 190

Global Rehabilitation Robots Market Size (2024 to 2029)

The size of the global rehabilitation robots market is estimated to be growing at a CAGR of 22.46% from 2024 to 2029 and worth USD 3352 million by 2029 from USD 1217 million in 2024.

The automated machinery used to recover physically disabled patients is called rehabilitation robots. These robots help in all kinds of recoveries from disabilities and help patients recover. There are essentially two types of rehabilitation robots for different needs. One of them is assistive robots, and the other is therapy robots. The assistive robots are designed to assist patients who have lost one of their limbs and work in place for the lost parts. Therapy robots are used to help patients to practice movement after an injury. Rehabilitation robots are helpful to patients who suffer traumatic injuries, leaving them unable to perform basic everyday activities. Rehabilitation is the process of recovering from a severely injured condition, and these robots help amputees or physically disabled patients resume their life. The treatment regime on these devices is generally standardized and monitored by a physiotherapist who monitors the patient's progress.

MARKET DRIVERS

The growing geriatric population across the world, growing incidence of traumatic incidents, and accidents leading to the need for rehabilitation are propelling the rehabilitation robots market.

Rehabilitation robots as a concept have existed for over 50 years, but the last decade has been the most productive for the industry. Rehabilitation robots assist patients with various disorders and accidents to recover through physiological activities. Furthermore, robots help the healthcare systems provide better services to patients by regulating their exercise and reducing the need for continuous monitoring by healthcare professionals enabling patients to recover faster. Additionally, the latest technological advancements in robotics and the rising investments from crucial market players toward innovations are expected to help the growth of the market. Furthermore, the continuous adoption of IT solutions into healthcare systems is expected to deliver revenue for the market. 

The advantages associated with rehabilitation robots are further boosting market growth.

Rehabilitation robots have many advantages because they are trending in the market. Automated robotic systems reduce the workload on healthcare systems by not requiring 24/7 surveillance. Robotic systems can continuously record progressions without a break and keep the data intact, so the professionals can refer to them and provide appropriate suggestions. These robotic systems also make changes in their settings without assistance leading to progress. Robotic rehabilitation also allows for multiple treatment options and various ways to perform therapies based on each patient's individual diagnosis, leading to more personalized care.

Additionally, the homecare robotics systems allow for rehabilitation in the comfort of the home. The systems help in repetitive exercising with precise pressure and intensity. Robust sensors and adjusting abilities via programming enable the robotic rehabilitation systems to have multiple possibilities leading to advantages. 

Innovations in the field of rehabilitation robots promote market growth.

The innovations in the field and their applications in various healthcare disabilities support the market's development. The specific type of machinery for different problems is one such occurrence. In addition, the advanced designs made for comfort are pushing the market; for example, AlterG's Anti-Gravity Treadmill technology that combines precision unweighting technology with real-time gait analytics and video feedback. The neurological advantages of robotic rehabilitation are pushing the revenue of the market. Neuro-motor recovery has been made easier with the help of robotic intervention. There have been studies about robotic rehabilitation helping cognitive ability and stroke rehabilitation after cardiac arrest. For example, an article from frontiers of neurology conducting Research on the improvement of cognitive ability after a stroke through robotic assistance their results cited, "According to the chosen cognitive assessment scales, patients showed improvement after treatment in every cognitive domain that had been examined." Additionally, motor and disability scales supported robotics' effectiveness in stroke patients' upper limb rehabilitation. 

Rising cases of patients needing rehabilitation to augment the market growth further.

The growing rates of geriatric populations prone to motor and neurological disorders are helping the market expand. Additionally, according to WHO statistics, Injuries and violence are responsible for an estimated 10% of all years lived with a disability. Furthermore, between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability due to their injuries from road accidents, according to reports from WHO. Additionally, in the U.S., drug use disorder is a top 10 contributor to healthy life years lost due to premature deaths and disability. An article on death and disability from the WHO states that "People are living longer – but with more disability." The reasons for disabilities are heart disease, diabetes, stroke, lung cancer, and chronic obstructive pulmonary disease, collectively responsible for nearly 100 million additional healthy life-years lost. 

MARKET RESTRAINTS

A stringent set of rules for usage and approvals for rehabilitation robots by the government is one of the major factors hampering the growth of the rehabilitation robots market. In addition, the high costs of robotic rehabilitation for consumers are a drawback to the market growth. The device cost, along with maintenance and trained professionals for its operations, all cost significantly, and therefore it is difficult for the average salaried person.

Impact of COVID-19 on the global rehabilitation robots market

The pandemic had several impacts worldwide. The imposition of stringent lockdowns and quarantine led to significant damage to the goods and services industry. Many businesses faced losses, and unemployment spread across the world. There was a sharp decline in the world economy, and people struggled to survive. The pandemic had a negative impact on the rehabilitation industry. As the healthcare industry fell short of basic hospital care needs like beds and oxygen cylinders, all the focus was shifted toward the rapid influx of the covid-19 patients. All other healthcare departments were temporarily stopped, and treatments and elective surgeries were postponed. All non-urgent healthcare facilities, including rehabilitation services, were temporarily stopped. The R&D segment was also slowed as the focus shifted toward vaccine development. However, the rehabilitation robots market is expected to grow in the post covid era due to the continuous efforts from key market players and efforts of innovations in the field of medical robotics.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

Segments Covered

By Type, End-User, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis; DROC; PESTLE Analysis; Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Life Science Robotics ApS, Hocoma AG (DIH International Ltd.), Tyromotion GmbH, Rex Bionics Ltd, Kinova Inc., Rehab-Robotics Company Limited, ReWalk Robotics Ltd, Ekso Bionics Holdings Inc., Cyberdyne Inc., and Bionik Laboratories Corporation.

SEGMENTAL ANALYSIS

Global Rehabilitation Robots Market Analysis By Type

The exoskeleton segment is expected to dominate the market during the forecast period due to rising cases of spinal injuries, paralysis, stroke, and cerebral palsy in children. Furthermore, the growing awareness about using exoskeletons in supporting rehabilitation, especially for spinal cords, is supporting the segment's rise. In addition, the growing aged population worldwide is leading to more back problems, further supporting the segment. 

However, the therapy roots segment is also expected to grow during the forecast period due to the rise in acceptance of therapy roots and Research in the field to create technologically advanced pieces of equipment.

REGIONAL ANALYSIS

The North American region is expected to dominate the market during the forecast period due to Growing numbers of people with disabilities, rising demand for assistive robotic technology for geriatric and pediatric patients, adoption of rehabilitation robots, rising spinal cord injury prevalence, significant government investments to support the development of such robots, ongoing technological advancements, adequate reimbursement policies, and good healthcare infrastructure in countries like the U.S. and Canada. 

The Asia-Pacific is also expected to show growth during the forecast period due to an aging population, more knowledge of diseases like dementia and Alzheimer's, Growing healthcare spending, rapid infrastructure development in the healthcare industry, an increase in strategic initiatives, an increase in the incidence of chronic diseases, mergers and acquisitions, the introduction of new products, and partnerships, among other factors are supporting the growth of the market in countries like India, China, Japan, South Korea, etc. 

KEY MARKET PLAYERS

Life Science Robotics ApS, Hocoma AG (DIH International Ltd.), Tyromotion GmbH, Rex Bionics Ltd, Kinova Inc., Rehab-Robotics Company Limited, ReWalk Robotics Ltd, Ekso Bionics Holdings Inc., Cyberdyne Inc., and Bionik Laboratories Corporation are a few of the prominent players in the global rehabilitation robots market profiled in this report.

RECENT HAPPENINGS IN THIS MARKET

  • In November 2022, a new cooperation was launched by H Robots, a fast-expanding robotics manufacturing business specializing in cutting-edge rehabilitation solutions. As a result, the well-known online medical device distributor Rehabmart is now selling its FDA-approved physical therapy gadget reblessTM (lowercase "r"), accessible on their website rehabmart.com. The Rebless device can be found on the Rehabmart website in the Rehabilitation & Physical Therapy master category's Continuous Passive Motion Machines subcategory.
  • In November 2022, the 42nd annual Industrial Design Excellence Awards showcased H Robotics' IoT rehabilitation product, reblessTM, which aids patients with neurological and musculoskeletal diseases (IDEA). Second place in the Medical & Health industry category went to reblessTM. The elbow, wrist, ankle, and knee joints can move thanks to the FDA-registered robotic rehabilitation device known as reblessTM.
  • In April 2022, a Chinese manufacturer of rehabilitation robots, Hangzhou RoboCT Technology Development Co., raised $15.7 million in a Series A+ investment round led by Fortune Capital. Essence Securities, Poly Capital, and Blue Run Ventures China, another investor, also participated in the funding round. As a result, according to a press release, the company will strengthen its operational and commercialization capabilities and global expansion. 
  • In February 2022, a neurorehabilitation robotics company called Fourier Intelligence recently secured more than $62 million in Series D funding. The Shanghai-based company intends to use the funding to quicken Fourier's global and go-to-market growth. Additionally, Fourier wants to keep developing its healthcare robotics solutions. For the upper and lower limbs, as well as for movement and balance, Fourier offers a variety of rehabilitation robots.

DETAILED SEGMENTATION OF THE GLOBAL REHABILITATION ROBOTS MARKET INCLUDED IN THIS REPORT

This research report on the global rehabilitation robots market has been segmented and sub-segmented based on type, end-user, and region.

By Type

  • Therapeutic Robots
  • Exoskeleton Robots
  • Assistive Robots
  • Others

By End-user

  • Rehabilitation Centers
  • Hospitals
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

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Frequently Asked Questions

How large is the rehabilitation robots market size?

The global rehabilitation robots market size was valued at USD 994 mn in 2023.

What are the main factors driving the growth of the rehabilitation robots market?

The increasing prevalence of physical disabilities and injuries, growing demand for advanced rehabilitation technologies, and advancements in robotics and AI technologies are majorly boosting the growth of the rehabilitation robots market.

What are some of the key players in the rehabilitation robots market?

Ekso Bionics, ReWalk Robotics, Cyberdyne Inc., AlterG Inc., and Hocoma AG are some of the notable players in the rehabilitation robots market.

What are the major challenges facing the rehabilitation robots market?

The high cost of rehabilitation robots, the lack of reimbursement policies for rehabilitation robots, and the need for specialized technical expertise to operate and maintain these devices are the key factors challenging the rehabilitation robots market growth.

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