Report Overview

According to the deep-dive market assessment study by Growth Plus Reports, the global rehabilitation robots market was valued at US$ 1168.64 million in 2021 and is expected to register a revenue CAGR of 19.2% to reach US$ 5677 million by 2030.

Rehabilitation Robots Market Fundamentals 

In the recent few years, there has been a consistent increase in the number of individuals suffering from several debilitating conditions that affect normal day-to-day physical functions, such as movement and motion from one place to the other. Physical rehabilitation is a complex interventional process where different exercises and tools are used to ensure the restoration of normal physical movements and structure. With the advent of technological innovations, medical robots have registered new applications in rehabilitation. 

Increasing aging population and a growing number of strokes rendering people immobile are among the significant factors driving the demand for rehabilitation robots. Research into rehabilitation robotics is proliferating, and the number of therapeutic rehabilitation robots is also expected to increase in the next few years. Robot rehabilitation therapy can deliver high-intensity training, making it useful for patients with motor disorders caused by spinal cord disease or stroke.

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Rehabilitation Robots Market Dynamics

Increasing geriatric population, rising prevalence of stroke and other debilitating conditions, sedentary lifestyle, and occupational hazards are driving revenue growth in the global rehabilitation robots market. Furthermore, proliferation of R&D activities and technological advancements, such as the integration of AI tools and remote connectivity, is expected to pave the way for future revenue growth opportunities in this market.

Conversely, lack of awareness about the technology in some regions and high costs of products are major restraints for the revenue growth of the rehabilitation robots market. 

Rehabilitation Robots Market Ecosystem

The rehabilitation robots market is analyzed based on four parameters: type, end user, and region.

Rehabilitation Robots Market by Type

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Based on the type, the market is segmented into therapeutic robots, exoskeleton robots, and assistive robots. 

The exoskeleton robotic rehabilitation segment is expected to account for the largest revenue share in the market. Healthcare systems in the developed countries of the world have adopted robotic rehabilitation from defense use to medical facilities in the treatment of physical diseases and injuries. The revenue growth of the segment can be attributed to the advantages of the technology, such as its ability to improve the gait cycle and cardiovascular health as per the body composition of patients. Furthermore, integration of AI also helps to improvise the physical status of a patient by encouraging them to be more physically active through treatment regimen modification as per the patient’s pace, which offers better treatment outcomes. 

Rehabilitation Market by End User

Based on the end user, the market is segmented into hospitals and clinics, rehabilitation centers, and others.

The hospitals & clinics segment is expected to dominate the robotic rehabilitation market with the largest revenue share during the forecast period. This can be attributed to greater patient footfall in hospitals for the treatment of various physiological traumas, availability of experienced healthcare professionals, presence of favorable reimbursement policies, and improved healthcare infrastructure. 

Rehabilitation Robots Market by Region

Based on the region, the global rehabilitation robots market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). 

North America dominates the global rehabilitation robots market in terms of revenue share. This can be attributed to presence of a deep-rooted robotic market, superior quality of services, high expenditure structure, improved healthcare ecosystem, and rising implementation of advanced and innovative technologies in the region.

Rehabilitation Robots Market Competitive Landscape

The prominent players operating in the rehabilitation robots market are: 

• Bionic Laboratories Corp
• Kinova Inc
• Rex Bionics Ltd
• BioXtreme Ltd
• Ekso Bionics Holdings Inc
• Hocoma
• Corindus, Inc
• Cyberdyne Inc
• ReWalk Robotics Inc
• Biodex Medical Systems Inc

Rehabilitation Robots Market Strategic Developments

• In January 2022, Schepp Medtech, an Austrian medical device development company, joined BTL with their state-of-the-art PerPedes gait training robot to enhance BTL´s complex physiotherapy product portfolio. As per BTL, this initiative aligns with their goal to expand their R&D capabilities and product portfolio synergies.
• In November 2021, CYBERDYNE USA Inc. exchanged the basic agreement with RISE Physical Therapy, Inc. to purchase their business. RISE is a rehabilitation medical institution that runs 16 outpatient rehabilitation clinics in California, USA
• In March 2021, DIH, a leading global robotics and virtual reality (VR) technology provider, signed a strategic partnership agreement with Reha Technology. Through this agreement, DIH intended to promote and distribute Reha Technology’s end-effector-based gait therapy devices.

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