Market Size of Rehabilitation Robots Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 26.12 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Rehabilitation Robots Market Analysis
The Rehabilitation Robots market is expected to register a CAGR of 26.12% over the forecast period (2021 - 2026). Many people suffer from injuries that require long-term medical rehabilitation every year. The rehabilitation process is complex, with psychological and physical dimensions, and outcomes are difficult to guarantee. Thus, these robots are being developed to help people with various medical conditions on their road to recovery.
- The increasing aging population and a growing number of stroke rendering people immobile are among the significant factors driving the demand from the rehabilitation robots market. Research into rehabilitation robotics is proliferating, and the number of therapeutic rehabilitation robots is also expected to expand over the forecast period. Robot rehabilitation therapy can deliver high-intensity training, thus, making it useful for patients with motor disorders caused by spinal cord disease or stroke.
- As per the International Federation of Robotics, the sales of assistance robots for the elderly and disabled communities will total around 37,500 units in 2016-2019 and is expected to increase substantially over the forecast period. Companies such as Toyota are investing in developing rehabilitation robots to assist the elderly population by enabling them to live independently and to provide support for their care-givers.
- Numerous hospitals have started using robotics within their rehabilitation centers. For instance, Kindred Hospital Rehabilitation Services installed Bionik Laboratories' InMotion Arm robotic system in its inpatient rehabilitation hospitals throughout the United States.
- Currently, the main concern for the implementation of the rehabilitation robots in any medical center is usually the cost. However, with the depreciating prices of such devices, it is not long until robot-assisted rehabilitation will become mainstream in healthcare.
