Number of pages: 100 | Report Format: PDF | Published date: July 14, 2022
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
According to the deep-dive market assessment study by Growth Plus Reports, the global rehabilitation robots market was valued at US$ 1.37 billion in 2022 and is expected to register a revenue CAGR of 18.96% to reach US$ 6.58 billion by 2031.
Rehabilitation Robots Market Fundamentals
Rehabilitation robots are advanced technological devices designed to assist and enhance the rehabilitation process for individuals with physical impairments or disabilities. These robots aim to restore or improve motor functions, mobility, and overall quality of life for patients undergoing rehabilitation.
The field of rehabilitation robotics has rapidly evolved over the years, due to advancements in robotics, artificial intelligence, and sensor technologies. These robots can be used in various healthcare settings, such as hospitals, clinics, and in-home care. The primary goal of rehabilitation robots is to provide patients with personalized, intensive, and repetitive therapy. They can assist with various conditions, including stroke, spinal cord injuries, traumatic brain injuries, amputations, and musculoskeletal disorders. By automating and augmenting therapy sessions, rehabilitation robots offer several advantages over traditional rehabilitation methods.
The future of rehabilitation robots holds several exciting opportunities for advancements in the field; by incorporating artificial intelligence and machine learning algorithms, rehabilitation robots can analyze patient data and modify therapy programs in real-time, resulting in better outcomes. These advanced robots can utilize patient-specific information, such as motor abilities, progress, and preferences, to provide individualized and customized therapy. This personalized approach has the potential to enhance recovery and improve overall results.
Rehabilitation Robots Market Dynamics
The key factor driving the rehabilitation robots market is the increasing prevalence of chronic conditions and disabilities. Spinal cord injuries, amputations, and traumatic brain injuries are becoming more prevalent. Recent data from the World Health Organization, as reported by PhysioPedia, shows that the global occurrence of spinal cord injuries varies from 236 to 1,298 per million individuals in the population, with a rising trend in prevalence over the last decade. Among these injuries, lumbar spinal stenosis is the most common. The JAMA Network estimates that this condition will affect approximately 11% of older adults in the United States by 2022. Rehabilitation robots have emerged as effective and innovative solutions to aid recovery. These robots help patients regain lost functions and enhance their quality of life.
The continuous advancements in robotics technology, including improvements in sensors, actuators, and artificial intelligence, have expanded the capabilities of rehabilitation robots. These technological advancements have made robots more precise, adaptable, and user-friendly, increasing acceptance and demand for these devices. The Ekso Bionics exoskeleton is a rehabilitation robot that uses sensors and motors to help individuals with spinal cord injuries walk again. The device provides physical support and allows patients to relearn walking through repetitive movement patterns.
Governments and regulatory bodies are recognizing the potential benefits of rehabilitation robots. They are creating a supportive environment for their adoption through regulations and reimbursement policies that facilitate the integration of rehabilitation robots into healthcare systems, making them more accessible to patients and healthcare providers. Moreover, increasing research validates the effectiveness of rehabilitation robots in treating a vast array of ailments and injuries. Studies have shown that these robots can improve motor function, reduce pain, and enhance patients' overall quality of life. As a result, many healthcare providers are now incorporating rehabilitation robots into their treatment plans, and patients are increasingly seeking out these technologies to speed up their recovery and achieve better outcomes.
Restraining factors in the rehabilitation robots market include the high cost of these devices, lack of awareness among the general population about their benefits, and limited accessibility in certain regions. Additionally, the complexity of the technology used in rehabilitation robots often requires specialized training for healthcare professionals, which can further limit their adoption.
The global rehabilitation robots market is analyzed from the following perspectives: by type, application, end user, and region.
Rehabilitation Robots Market by Type
Based on type, the global rehabilitation robots market is segmented into assistive robots, exoskeleton robots, therapeutic robots, and others.
The exoskeleton robots segment accounted for the majority of the global rehabilitation robots market revenue share in 2022. This is due to the rising prevalence of neurological disorders and strokes, which has increased the demand for exoskeleton robots in rehabilitation centers. It has been reported by the Centers for Disease Control and Prevention in 2023 that every 40 seconds, an individual in the United States suffers from stroke. The number of people who experience stroke in the United States exceeds 795,000 every year. These robots aid in the recovery of these patients by providing assisted movement and improving their motor functions. Additionally, technological advancements have led to the development of more advanced exoskeleton robots that can provide customized therapy sessions based on the patient's condition. This has further boosted the adoption of exoskeleton robots in the rehabilitation industry.
Rehabilitation Robots Market by Application
Based on application, the global rehabilitation robots market is segmented into cognitive and motor skill therapy, post-surgery, and others.
The post-surgery segment accounts for most of the global rehabilitation robots market share. This is primarily due to the rising number of surgeries being performed globally and the subsequent need for post-operative care and rehabilitation. The use of rehabilitation robots in post-surgery care has been proven to significantly improve patient outcomes and reduce the length of hospital stays. Additionally, technological advancements have led to the development of more sophisticated rehabilitation robots that can cater to specific patient needs, further driving the market growth.
Rehabilitation Robots Market by End User
Based on end user, the global rehabilitation robots market is segmented into hospitals & clinics, rehabilitation center, and others.
The hospitals & clinics segment accounts for most of the global rehabilitation robots market share. The increase in hospital patient numbers seeking treatment for various physiological traumas can be attributed to the availability of experienced healthcare professionals, favorable reimbursement policies, and improved healthcare infrastructure. Moreover, these robots are designed to provide personalized therapy to patients, helping them regain mobility and independence. Furthermore, the advancements in robotics technology have enabled the development of sophisticated rehabilitation robots that offer greater precision, control, and safety during therapy sessions. As a result, the hospitals & clinics segment is expected to continue dominating the global rehabilitation robots market in the coming years.
Rehabilitation Robots Market by Region
Based on the region, the rehabilitation robots market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounted for 45% of the global rehabilitation robots market 2022. This growth can be attributed to the increasing prevalence of neurological disorders, such as stroke and Parkinson's disease, and the rising geriatric population in the region. According to the Parkinson's Foundation, approximately one million individuals in the United States are currently affected by Parkinson's disease (PD). This figure is projected to increase to 1.2 million by the year 2030. Parkinson's is the second most prevalent neurodegenerative disease, following Alzheimer's disease.
Additionally, the availability of advanced healthcare infrastructure and favorable reimbursement policies drive the adoption of rehabilitation robots in North America. The United States is the region's largest market for rehabilitation robots, followed by Canada. The market is expected to continue its growth trajectory in the coming years, with the increasing demand for advanced rehabilitation therapies and the emergence of new players in North America.
The Asia Pacific rehabilitation robots market is projected to show a 19.61% of revenue CAGR in the forecast years. This growth can be attributed to the increasing prevalence of chronic diseases, such as stroke and Parkinson's, which require long-term rehabilitation. Additionally, the aging population in the region has led to a higher demand for rehabilitation services and devices. As per the National Center for Biotechnology Information, Parkinson's disease affects around four individuals per 1,000 in Australia, with the probability rising to one in 100 for those above 60. In Australia, there are roughly 219,000 individuals with Parkinson's, with 20% diagnosed before turning 50. Developing advanced technologies, such as artificial intelligence and virtual reality, has also contributed to the growth of the rehabilitation robots market in the Asia Pacific.
Additionally, several nonprofit and government-funded centers in the Asia Pacific offer aid to individuals who require access to rehabilitation robots. For instance, a rehabilitation center in Australia utilizes robots to assist people with severe injuries in regaining their physical strength and independence. They use Hybrid Assistive Limb (HAL) technology to achieve this goal.
Strategic Development Rehabilitation Robots Market
Rehabilitation Robots Market Competitive Landscape
The rehabilitation robots market is highly competitive, with several players competing for market share. Established players and new entrants characterize the market, each striving to gain a foothold. Some of the key players in the market include Ekso Bionics Holdings, Inc., Kinova Robotics, Rex Bionics Ltd, and Hocoma. These companies are investing heavily in research and development activities to introduce innovative products and gain a competitive edge in the market.
Some of the prominent companies having the largest revenue share in the global rehabilitation robots market are,
Rehabilitation robots are advanced technological devices designed to assist and enhance the rehabilitation process for individuals with physical impairments or disabilities.
The global rehabilitation robot market has been growing steadily over the years. This growth can be attributed to factors such as a significant increase in the prevalence of neurological disorders and the introduction of many innovative products in the market.
The global rehabilitation robots market is expected to register a revenue CAGR of 18.96% in the forecast period from 2022 to 2031.
North America accounted for most of the global rehabilitation robots market, with the majority of market revenue share in 2022.
The global rehabilitation robots market was valued at US$ 1.37 billion in 2022.
*Insights on financial performance are subject to the availability of information in the public domain