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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 1.13 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 25.24%.

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 segmentations by product (UERR and LERR) and geographic (North America, Europe, APAC, and South America). The rehabilitation robots market report also offers information on several market vendors, including Bionik Laboratories Corp., Siemens AG, CYBERDYNE Inc., Ekso Bionics Holdings Inc., Hocoma AG, KUKA AG, Parker Hannifin Corp., ReWalk Robotics Ltd., Rex Bionics Ltd., and Tyromotion GmbH among others.

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

Rehabilitation Robots Market Size

Download the Free Report Sample to Unlock the Rehabilitation Robots Market Size for the Forecast Period and Other Important Statistics

 

Rehabilitation Robots Market: Key Drivers, Trends, 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 is notably driving the rehabilitation robots market growth, although factors such as high cost of rehabilitation robots may impede 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 the rehabilitation robots market growth is the rising instances of strokes, injuries, and neurological diseases. A key factor driving the global rehabilitation robots? market is 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. 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 Trend

Increase in aging population are the major trend influencing the rehabilitation robots market growth. In 2020, the global population above the age of 65 was around 727 million, which represented more than 10% of the total global population. As the aging population is more susceptible to chronic ailments (including orthopedic disorders), governments are taking initiatives to improve access to healthcare. Such initiatives are likely to enhance the demand for rehabilitation robots. With lifestyle changes, the incidence of ambulatory disabilities with age is increasing, and this is happening in a scenario where the workforce, comprising caregivers and nurses, is seeing a decline. This calls for an increased need for technologies that can help patients, particularly those with issues related to mobility. Vendors in the market are increasingly positioning themselves to innovate and introduce solutions that help in the reduction of healthcare expenditure and assist in attaining better patient outcomes by reducing reliance on conventional therapies. As the occurrence of disabilities in old age increases, the market will see growth.

Key Rehabilitation Robots Market Challenge

High cost of rehabilitation robots is one of the key challenges hindering the rehabilitation robots market growth. A key challenge that is hindering the adoption of rehabilitation robots is their high selling price, which goes up to $100,000, as opposed to substitute products, which have an ASP of around $1,500. 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. 

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.

Parent Market Analysis

Technavio categorizes the global rehabilitation robots market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the rehabilitation robots market during the forecast period.

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

 

This statistical study of the rehabilitation robots market encompasses successful business strategies deployed by the key vendors. The rehabilitation robots market is concentrated and the vendors are deploying growth strategies such as high R&D investments to compete in the market.

Product Insights and News

  • Bionik Laboratories Corp. - The company offers rehabilitation robots namely InMotion.

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.

Rehabilitation Robots Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the rehabilitation robots market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Rehabilitation Robots Market?

Rehabilitation Robots Market Market segmentation by region

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41% of the market's growth will originate from North America during the forecast period. 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 regions.

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.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic had a negative impact on market growth in North America in 2020. The high number of deaths caused by COVID-19 led to the imposition of lockdowns in the US, Canada, and Mexico in 2020. The imposition of lockdowns and restrictions on import-export activities largely affected the supply chain of the market in focus, especially in the US. A rise in the number of COVID-19 cases, owing to the second wave of the outbreak in early 2021, disrupted the usual market demand from the end-user industries, including construction. However, market growth is expected to stabilize during the latter part of the forecast period as vaccination drives and economic recovery are likely to promote the recovery and growth of various end-user industries.

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

Rehabilitation Robots Market Segmentation

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The rehabilitation robots market share growth by the UERR 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.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. 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 25.24%

Market growth 2021-2025

$ 1.13 billion

Market structure

Concentrated

YoY growth (%)

24.50

Regional analysis

North America, Europe, APAC, and South America

Performing market contribution

North America at 41%

Key consumer countries

US, Japan, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Bionik Laboratories Corp., Siemens AG, CYBERDYNE Inc., Ekso Bionics Holdings Inc., Hocoma AG, KUKA AG, Parker Hannifin Corp., ReWalk Robotics Ltd., Rex Bionics Ltd., 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 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, and South America
  • 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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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Industrial machinery

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 UERR - Market size and forecast 2020-2025
      • Exhibit 17: UERR - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: UERR - Year-over-year growth 2020-2025 (%)
    • 5.4 LERR - Market size and forecast 2020-2025
      • Exhibit 19: LERR - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: LERR - Year-over-year growth 2020-2025 (%)
    • 5.5 FE - Market size and forecast 2020-2025
      • Exhibit 21: FE - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: FE - Year-over-year growth 2020-2025 (%)
    • 5.6 TRR - Market size and forecast 2020-2025
      • Exhibit 23: TRR - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: TRR - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by Product
      • Exhibit 25: Market opportunity by Product

    6 Customer landscape

    • 6.1 Customer landscape
      • Exhibit 26: Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 27: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 28: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 33: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 39: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 40: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 42: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor landscape
          • Exhibit 43: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 44: Landscape disruption
          • Exhibit 45: Industry risks
        • 9.3 Competitive scenario

          10 Vendor Analysis

          • 10.1 Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 47: Market positioning of vendors
            • 10.3 Bionik Laboratories Corp.
              • Exhibit 48: Bionik Laboratories Corp. - Overview
              • Exhibit 49: Bionik Laboratories Corp. - Product and service
              • Exhibit 50: Bionik Laboratories Corp. - Key news
              • Exhibit 51: Bionik Laboratories Corp. - Key offerings
            • 10.4 CYBERDYNE Inc.
              • Exhibit 52: CYBERDYNE Inc. - Overview
              • Exhibit 53: CYBERDYNE Inc. - Product and service
              • Exhibit 54: CYBERDYNE Inc. - Key offerings
              • Exhibit 55: CYBERDYNE Inc. - Segment focus
            • 10.5 Ekso Bionics Holdings Inc.
              • Exhibit 56: Ekso Bionics Holdings Inc. - Overview
              • Exhibit 57: Ekso Bionics Holdings Inc. - Business segments
              • Exhibit 58: Ekso Bionics Holdings Inc. - Key offerings
              • Exhibit 59: Ekso Bionics Holdings Inc. - Segment focus
            • 10.6 Hocoma AG
              • Exhibit 60: Hocoma AG - Overview
              • Exhibit 61: Hocoma AG - Product and service
              • Exhibit 62: Hocoma AG - Key news
              • Exhibit 63: Hocoma AG - Key offerings
            • 10.7 KUKA AG
              • Exhibit 64: KUKA AG - Overview
              • Exhibit 65: KUKA AG - Business segments
              • Exhibit 66: KUKA AG – Key news
              • Exhibit 67: KUKA AG - Key offerings
              • Exhibit 68: KUKA AG - Segment focus
            • 10.8 Parker Hannifin Corp.
              • Exhibit 69: Parker Hannifin Corp. - Overview
              • Exhibit 70: Parker Hannifin Corp. - Business segments
              • Exhibit 71: Parker Hannifin Corp. - Key offerings
              • Exhibit 72: Parker Hannifin Corp. - Segment focus
            • 10.9 ReWalk Robotics Ltd.
              • Exhibit 73: ReWalk Robotics Ltd. - Overview
              • Exhibit 74: ReWalk Robotics Ltd. - Business segments
              • Exhibit 75: ReWalk Robotics Ltd. - Key offerings
              • Exhibit 76: ReWalk Robotics Ltd. - Segment focus
            • 10.10 Rex Bionics Ltd.
              • Exhibit 77: Rex Bionics Ltd. - Overview
              • Exhibit 78: Rex Bionics Ltd. - Business segments
              • Exhibit 79: Rex Bionics Ltd. - Key offerings
            • 10.11 Siemens AG
              • Exhibit 80: Siemens AG - Overview
              • Exhibit 81: Siemens AG - Business segments
              • Exhibit 82: Siemens AG – Key news
              • Exhibit 83: Siemens AG - Key offerings
              • Exhibit 84: Siemens AG - Segment focus
            • 10.12 Tyromotion GmbH
              • Exhibit 85: Tyromotion GmbH - Overview
              • Exhibit 86: Tyromotion GmbH - Product and service
              • Exhibit 87: Tyromotion GmbH - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 88: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 89: Research Methodology
                • Exhibit 90: Validation techniques employed for market sizing
                • Exhibit 91: Information sources
              • 11.4 List of abbreviations
                • Exhibit 92: 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
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              Rehabilitation Robots Market market growth will increase by $1.13 bn during 2021-2025.
              The rehabilitation robots market market is expected to grow at a CAGR of 25.24% during 2021-2025.
              Technavio has segmented the rehabilitation robots market 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., Siemens AG, CYBERDYNE Inc., Ekso Bionics Holdings Inc., Hocoma AG, KUKA AG, Parker Hannifin Corp., ReWalk Robotics Ltd., Rex Bionics Ltd., Tyromotion GmbH are a few of the key vendors in the rehabilitation robots market market.
              North America will register the highest growth rate of 41% among the other regions. Therefore, the rehabilitation robots market 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 market growth are:
              • Rising instances of strokes, injuries, and neurological diseases
              • Increase in aging population
              The rehabilitation robots market market vendors should focus on grabbing business opportunities from the uerr segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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