The global Rehabilitation Robotics Market is forecasted to be worth USD 9.45 Billion by 2027, according to a new report by Emergen Research. The rising geriatric population and the increase in incidence of disorders like rheumatoid arthritis, injuries to the spine, cerebral paralysis, and other age-related disorders are expected to drive the global rehabilitation robotics market growth over the forecast timeframe. Also, market growth is expected to be further fueled by hospital-initiated initiatives to offer neurorehabilitation to patients.
The latest report is touted as the first study covering the current Rehabilitation Robotics market situation gravely impacted by the COVID-19 outbreak. The market intelligence report analyzes the drastic impact of the pandemic on the global economy. The coronavirus outbreak has beleaguered the Rehabilitation Robotics business landscape, thereby impeding various manufacturers’ and buyers’ developmental scope in this sector. The report discusses the pandemic’s impact on the existing market scenario, accompanied by speculations about the Rehabilitation Robotics market in the post-COVID-19 scenario.
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Key Highlights From The Report
- The gait therapy segment is expected to dominate the market with a higher CAGR of 20.6% over the forecast period owing to the high incidence of neurological disabilities and the need for high-intensity therapeutic gait rehabilitation robotic systems for severely affected neurological patients.
- The neurological application segment is expected to dominate the market in the forecast period due to the rising incidence of neurological conditions and the growing ageing population.
- Due to the proliferation of a well-established robotic industry as well as the rising implementation of advanced assistive robotics treatment and robotic rehabilitation, the region of North America accounted for the largest market with a share of 35.4% in 2019 in the rehabilitation robotics market.
- Key participants include Myomo Inc., ABILITY Switzerland AG, Bionik, Inc., Hocoma AG, AlterG, Inc., Motek Medical B.V., Reha Technology AG, Cyberdyne Inc., Man&Tel Co., Ltd., and ReWalk Robotics, Ltd. among others.
Rehabilitation Robotics Market Segmentation:
Emergen Research has segmented the global Rehabilitation Robotics Market on the basis of type, body part, therapy, application, and region:
- Type Outlook (Revenue, USD Billion; 2017-2027)
- Therapeutic
- Exoskeleton
- Assistive
- Others
- Body Part Outlook (Revenue, USD Billion; 2017-2027)
- Lower Extremity
- Upper Extremity
- Therapy Outlook (Revenue, USD Billion; 2017-2027)
- Balance
- Gait
- Limb Mobility
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Neurology
- Orthopedics
- Others
The regional analysis of the Rehabilitation Robotics market mainly focuses on the key regions and regional market in North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.It evaluates the presence of the global Rehabilitation Robotics market in the major regions with regards to market share, market size, revenue contribution, sales network, and distribution channel, and other key elements.
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Key points covered in the report:
- The report provides the reader with a detailed study of the global Rehabilitation Robotics market, including essential data beneficial for business.
- The prominent factors driving and restraining market growth, latest product trends, and technological advancements have been extensively discussed by the authors of the report.
- A broad market categorization, based on product type, application gamut, and end-user landscape, has been included in the report.
- It further entails the latest product development, incorporation of new techniques, and profiles of major competitors in the market.
Table of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Rehabilitation Robotics Market Segmentation & Impact Analysis
4.1. Rehabilitation Robotics Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing incidence of neurological disorders
4.2.2.2. Growing geriatric population affected by chronic diseases
4.2.3. Market restraints analysis
4.2.3.1. The high cost of robotic rehabilitation devices
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
READ MORE…!
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