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HEALTHCARE & PHARMACEUTICAL

Rehabilitation Robots Market Segmentation by Type (Assistive, Therapeutic, Surgical, and Exoskeleton Robot); by Patient Type (Mentally-ill, Disabled, Pediatrics, and Others); and by End-User (Hospital, Orphanage, Nursing Home, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • March 05, 2021: DIH, a global leader in rehab robotics and virtual reality, has collaborated with Reha Technology agreeing to distribute their robotics products and promote the gait therapy devices in the US and Europe markets.

  • November 12, 2018: Hocoma AG launches a software platform, HocoNet, to connect hospital information systems with Hocoma’s partner devices.

Global Rehabilitation Robots Market Highlights over 2022 - 2031

The global rehabilitation robots market is estimated to garner a robust revenue by growing at a ~26% CAGR over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the noteworthy increment in the adoption of robots in the healthcare sector worldwide. Factors, such as severe spinal cord injuries, sports injuries, or accidents, cause conditions that require medical treatment, which can last for years. The surge in the prevalence of such medical conditions, which need extended medical rehabilitation, is further estimated to propel market growth. Moreover, the procedure for the treatment of physical and mental disorders is complex, and forthcoming results are always uncertain. Hence, advanced robots are being developed to unravel this problem by facilitating quick recovery for several medical conditions.

Rehabilitation Robots Market Graph

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The global rehabilitation robots market is also projected to grow on the back of rising spinal cord injury and stroke cases. According to the data provided by World Health Organization, 40 to 80 cases of spinal cord injury are witnessed per million populations globally. Additionally, the increasing utilization of automated machines in the medical field, accompanied by the gradual increment of the geriatric population with crucial disabilities, is also spotted to be another significant growth factor for the market. According to a report published by World Bank, in 2020, 723.184 million people of the global population were aged 65 and over. All these parameters are projected to boost the growth of the global rehabilitation robots market. Moreover, the growing dependency on AI and robots amongst people, backed by the growing digitalization and declining social interaction in society, is further anticipated to fuel the market growth.

The global rehabilitation robots market is segmented by end-user into hospitals, nursing homes, orphanages, and others, out of which, the hospital segment is projected to hold the largest market share over the forecast period, on the back of the availability of 24-hour service for people with all sorts of diseases and disorders, along with the high patient pool in the hospitals. Further, unforeseen changes in people’s lifestyles, such as lack of exercise, poor diet, and others, require proper medical attention, and rehabilitation robots has the requisite potential to treat such patients more effectively. This is expected to boost the adoption of rehabilitation robots in hospitals.  

Major Macro-Economic Indicators Impacting the Market Growth

Global Healthcare Expenditure per Capita Graph

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Rehabilitation Robots Market Regional Synopsis

Regionally, the global rehabilitation robots market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North American region is estimated to witness noteworthy growth over the forecast period, on the back of the remarkable deployment of advanced technology in the region, combined with the growing healthcare sector. The International Federation of Robotics (IFR) release the World Robotics 2020 Industrial Robots report, which showed that 293,200 units of industrial robots were operating in factories of the United States in 2020. Meanwhile, 2.7 million industrial robots were operating in factories and industries around the world.

On the other hand, the market in the Asia Pacific region is anticipated to become the largest market over the forecast period owing to the noteworthy increment in adoption of robots in each sector, and growing awareness about mental disorders.

Rehabilitation Robots Market Share Graph

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The global rehabilitation robots market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global rehabilitation robots market includes the following segments:

By Type

  • Assistive Robot
  • Therapeutic Robot
  • Surgical Robot
  • Exoskeleton Robot

By Patient Type

  • Mentally-ill
  • Disabled
  • Pediatrics
  • Others

By End-User

  • Hospital
  • Orphanage
  • Nursing Home
  • Others

Growth Drivers

  • High Share of Aging Population with Physical and Mental Disorders
  • Evolution of Digitalization and Adoption of Robots
  • Frequent Occurrence of Strokes and Spinal Cord Injuries

Challenges

  • High-Priced Manufacturing and Development of Required Contemporary A.I.
  • Scarcity of Distribution Channels for Rehabilitation Robots

Top Featured Companies Dominating the Market

  • Hocoma AG
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • MAN&TEL Co., Ltd.
  • CYBERDYNE Inc.
  • Myomo Inc.
  • ReWalk Robotics Ltd.
  • Reha Technology AG
  • Motek Medical B.V.
  • Ekso Bionics Holdings, Inc.
  • BIONIK Laboratory Corp.
  • ABILITY Network Inc.

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