Rehabilitation Robots Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR41665
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The rehabilitation robots market share is expected to increase by USD 1.18 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 26.49%.

This rehabilitation robots market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers rehabilitation robots market segmentation by product (UERR, LERR, FE, and TRR) and geography (North America, Europe, APAC, South America, and MEA). The rehabilitation robots market report also offers information on several market vendors, including Bionik Laboratories Corp., CYBERDYNE Inc., Ekso Bionics Holdings Inc., Hocoma AG, KUKA AG, Parker Hannifin Corp., ReWalk Robotics Ltd., Rex Bionics Ltd., Siemens AG, and Tyromotion GmbH among others.

What will the Rehabilitation Robots Market Size be During the Forecast Period?

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Rehabilitation Robots Market: Key Drivers and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rising instances of strokes, injuries, and neurological diseases are notably driving the rehabilitation robots market growth, although factors such as the high cost of rehabilitation robots may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the rehabilitation robots industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Rehabilitation Robots Market Driver

One of the key factors driving growth in the rehabilitation robots market is the rising instances of strokes, injuries, and neurological diseases. The increase in the number of people diagnosed with conditions that affect mobility, such as strokes, spinal cord injuries, traumatic brain injuries, multiple sclerosis, Parkinson’s disease, and cerebral palsy is driving the global rehabilitation robots market. With the increase in awareness of robot-assisted treatments and high disposable income per capita, more individuals, especially in developed countries, are expected to invest in rehabilitation robots for recovery and better quality of life. With challenges such as shortage of experienced therapists, high cost of rehabilitation training, and requirement of prolonged therapy sessions (as in the case of conventional therapy), alternative methods involving rehabilitation robots are expected to be increasingly adopted.

Key Rehabilitation Robots Market Challenge

The high cost of rehabilitation robots will be a major challenge for the rehabilitation robots market during the forecast period. Apart from the high initial investment, costs of servicing, maintenance, training, and supervision add to the overall cost of ownership. Moreover, only a few vendors are offering affordable rehabilitation robots as the technology is new. This makes the competition in the global rehabilitation robots market moderate and keeps the bargaining power of buyers low. In addition, due to price sensitivity in developing countries, potential customers are more likely to opt for low-cost substitutes. This will be a major factor limiting market penetration in developing countries. To increase the adoption of such robots, vendors must continuously upgrade and optimize their products, conduct clinical trials, and expand their sales and distribution network.

This rehabilitation robots market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Rehabilitation Robots Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Bionik Laboratories Corp.
  • CYBERDYNE Inc.
  • Ekso Bionics Holdings Inc.
  • Hocoma AG
  • KUKA AG
  • Parker Hannifin Corp.
  • ReWalk Robotics Ltd.
  • Rex Bionics Ltd.
  • Siemens AG
  • Tyromotion GmbH

 

This statistical study of the rehabilitation robots market encompasses successful business strategies deployed by the key vendors. The rehabilitation robots market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The rehabilitation robots market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Rehabilitation Robots Market?

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40% of the market’s growth will originate from North America during the forecast period. The US is the key market for rehabilitation robots in North America. Market growth in this region will be faster than the growth of the market in Europe and MEA.

Rising investments in advanced technologies to treat health conditions such as strokes and neurological diseases, growth of the aging population, high disposable income, and investments in medical science will facilitate the rehabilitation robots market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Rehabilitation Robots Market?

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The rehabilitation robots market share growth by the upper extremity rehabilitation robots (UERR) segment will be significant during the forecast period. A key driver of the global upper extremity rehabilitation robots market is the increase in the number of patients that need physical therapy, owing to the increase in the occurrence of stroke, which often leads to partial or complete loss of mobility. Vendors are also focusing on redesigning and remodeling their products to ensure that product offerings are sophisticated. With the growing acceptance and awareness of rehabilitation robots, more patients are expected to switch from conventional manual therapy to robotic rehabilitation.

This report provides an accurate prediction of the contribution of all the segments to the growth of the rehabilitation robots market size and actionable market insights on post COVID-19 impact on each segment.

 

Rehabilitation Robots Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 26.49%

Market growth 2021-2025

$ 1.18 billion

Market structure

Fragmented

YoY growth (%)

25.87

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 40%

Key consumer countries

US, Japan, Germany, UK, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Bionik Laboratories Corp., CYBERDYNE Inc., Ekso Bionics Holdings Inc., Hocoma AG, KUKA AG, Parker Hannifin Corp., ReWalk Robotics Ltd., Rex Bionics Ltd., Siemens AG, and Tyromotion GmbH

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Rehabilitation Robots Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive rehabilitation robots market growth during the next five years
  • Precise estimation of the rehabilitation robots market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the rehabilitation robots industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of rehabilitation robots market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • UERR - Market size and forecast 2020-2025
    • LERR - Market size and forecast 2020-2025
    • FE - Market size and forecast 2020-2025
    • TRR - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Bionik Laboratories Corp.
    • CYBERDYNE Inc.
    • Ekso Bionics Holdings Inc.
    • Hocoma AG
    • KUKA AG
    • Parker Hannifin Corp.
    • ReWalk Robotics Ltd.
    • Rex Bionics Ltd.
    • Siemens AG
    • Tyromotion GmbH

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The rehabilitation robots market growth will increase by $1184.52 million during 2020-2025.
    The rehabilitation robots market is expected to grow at a CAGR of 26.49% during 2020-2025.
    Technavio has segmented the rehabilitation robots market by product (UERR, LERR, FE, and TRR) and geographic (North America, Europe, APAC, South America, MEA, North America, Europe, APAC, and South America).
    Bionik Laboratories Corp., CYBERDYNE Inc., Ekso Bionics Holdings Inc., Hocoma AG, KUKA AG, Parker Hannifin Corp., ReWalk Robotics Ltd., Rex Bionics Ltd., Siemens AG, Tyromotion GmbH are a few of the key vendors in the rehabilitation robots market.
    North America will register the highest growth rate of 39.56% among the other regions. Therefore, the rehabilitation robots market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the rehabilitation robots market growth are:
    • Rising instances of strokes, injuries, and neurological diseases
    • Increase in aging population
    The rehabilitation robots market vendors should focus on grabbing business opportunities from the uerr segment as it accounted for the largest market share in the base year.
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