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The rehabilitation robots market is estimated to grow at a CAGR of 27.15% between 2022 and 2027. The size of the market is forecast to increase by USD 1953.05 million. The growth of the market depends on several factors, including the rising instances of strokes, injuries, and neurological diseases, the growth in outpatient rehabilitation, and technological innovations.
This report extensively covers market segmentation by product (UERR, LERR, FE, and TRR), end-user (hospitals and clinics, senior care facilities, and homecare settings), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global rehabilitation robots market as a part of the global industrial machinery market. The parent global industrial machinery market covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The rising prevalence of strokes, injuries, and neurological diseases is notably driving the rehabilitation robots market growth, although factors such as the high cost of rehabilitation robots may impede the market growth. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.
Key Rehabilitation Robots Market Driver
The rising prevalence of strokes, injuries, and neurological diseases is notably driving the rehabilitation robots market growth. A key factor driving the market is the increase in the number of people diagnosed with conditions that affect their 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 rising disposable income per capita, more individuals, especially in developed countries, are expected to invest in rehabilitation robots for recovery and a better quality of life. With challenges such as a shortage of experienced therapists, the high cost of rehabilitation training, and the need for prolonged therapy sessions (as in the case of conventional therapy), alternative methods involving rehabilitation robots are expected to gain traction during the forecast period.
Key Rehabilitation Robots Market Trend
An increase in the aging population is the primary trend driving the rehabilitation robots market growth. In 2020, the global population above the age of 65 years was around 727 million, which accounted for 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. The adoption of therapeutic rehabilitation robots to provide physical assistance to elderly patients in developed countries in North America and Europe has increased. Developing regions such as APAC and South America will also witness significant growth in terms of the adoption of rehabilitation robots, especially among elderly patients. With the rise in the aging population, the implementation of rehabilitation robots will increase over the forecast period. With lifestyle changes, the incidence of ambulatory disabilities is increasing with age, and this is happening in a scenario where the workforce, comprising caregivers and nurses, is declining. 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 trying to innovate and introduce solutions that help in the reduction of healthcare expenditure and assist in achieving better patient outcomes by reducing reliance on conventional therapies. As the prevalence of disabilities increases in old age, the market is predicted to grow significantly.
Key Rehabilitation Robots Market Challenge
The high cost of rehabilitation robots is the major challenge hindering the rehabilitation robots market growth. A key challenge that is hindering the adoption of rehabilitation robots is their high selling price, which can go up to $100,000, as opposed to substitute products, which have an ASP of around $1,500. Apart from the high initial investment, the high costs of servicing, maintenance, training, and supervision add to the overall cost of ownership. Moreover, only a few vendors offer affordable rehabilitation robots as the technology is new. This makes the competition in the 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. The focus of vendors should be on design and technical modifications that reduce the number of sensors, motor controllers, and encoders used in rehabilitation robots. Also, 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.
Key Rehabilitation Robots Market Customer Landscape
Our analysis of the Life Cycle of the market indicates a movement from the innovator’s stage to the laggard’s stage. The report illustrates the market's lifecycle, focusing on the adoption rates of the major countries including the US, Japan, Germany, the UK, and France. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.
Global Rehabilitation Robots Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product / service launches, to enhance their presence in the market
ABB Ltd. - The company operates under multiple segments, including electrification, industrial automation, etc. with a high focus on electrification. Through this segment, the company offers electrification and building management solutions, products and services for utilities, industry, transport and infrastructure. The company's key offerings include rehabilitation robots such as ABB SCARA robots.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including :
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the UERR segment will be significant during the forecast period. A key driver of the global upper extremity rehabilitation robots (UERR) market segment is the increase in the number of patients that need physical therapy, owing to the increase in the prevalence of stroke, which often leads to partial or complete paralysis, leading to loss of mobility. When a stroke affects an individual, the chances of upper-limb paralysis are much higher than lower-limb paralysis. Apart from strokes, upper limb paralysis can also happen due to sports injuries, occupational injuries, spinal cord injuries, or trauma. The demand for rehabilitation has increased over the years; however, therapy professionals are short in supply. Thus, rehabilitation robots are being increasingly adopted to restore the mobility of patients, therefore enabling them to perform activities of daily living (ADL) with minimal impact on their lives.
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The UERR segment showed a gradual increase in market share with 102.38 million in 2017 and continued to grow by 2021. Robotic rehabilitation can serve patients in the absence or non-availability of clinical therapy and when long-term therapy is required. Rehabilitation robots give patients more time to recover and regain limb functions. These benefits are expected to lead to significant growth in the segment during the forecast period. With the growing acceptance and awareness of rehabilitation robots, more patients are expected to switch from conventional manual therapy to robotic rehabilitation. Furthermore, our report provides a brief analysis of the historical and forecast market share and their segments along with the reasons for growth from 2017 to 2027.
The growth of this segment is primarily attributed to the increasing adoption of rehabilitation robots, which is driven by an increase in the global demand for the rehabilitation robots industry.
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North America is projected to contribute 40% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The US leads the world in the use of advanced technologies in almost every field. Healthcare is one such industry where the country spends more than double the global average. According to data from the Centers for Medicare and Medicaid Services (CMS), nearly half of the healthcare spending in the US is used for hospitals, clinics, and other facilities such as residential care homes. Rehabilitation robots are used in such facilities. Factors such as rising investments in advanced technologies to treat health conditions such as strokes and neurological diseases, the growth of the aging population, high disposable income, and investments in medical science and healthcare drive the growth of the market in the region.
In 2020, the outbreak of COVID-19 negatively impacted the growth of the market in focus in North America. Owing to the adverse effects of the pandemic, numerous healthcare facilities were forced to lay off employees. This, in turn, further resulted in the temporary closure of several healthcare units in countries, including the US, Canada, and Mexico, in 2020. Therefore, the demand for rehabilitation robots in North America declined in the first half of 2020. However, in the second half of 2020, several vendors operating in the market in focus offered rehabilitation robots, such as robotic wheelchairs, crutches, mobility equipment, exercise equipment, and other body support devices, through digital channels, which enabled the regional market in focus to overcome the pandemic's negative effects by registering growth through online channels. Furthermore, in 2021, owing to large-scale vaccination campaigns and the restoration of operations in healthcare units, a higher number of patients resumed their routine health check-ups and treatments for health conditions in healthcare facilities in North America when compared to 2020 due to the suspension of lockdown restrictions. Thus, higher demand for treatments from healthcare facilities will lead to increased demand for rehabilitation robots in North America, allowing the market in focus to grow significantly in North America during the forecast period.
Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by product, end-user, and region.
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Rehabilitation Robots Market Scope |
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Report Coverage |
Details |
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Page number |
162 |
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Base year |
2022 |
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Historical year |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 27.15% |
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Market growth 2023-2027 |
USD 1953.05 million |
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Market structure |
Fragmented |
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YoY growth (%) |
26.42 |
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Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
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Performing market contribution |
North America at 40% |
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Key consumer countries |
US, Japan, Germany, UK, and France |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
ABB Ltd., AlterG Inc., B-Temia Inc., Bionik Laboratories Corp., Boston Dynamics Inc., Cyberdyne Inc., DIH Hero, Diligent Robotics Inc., Ekso Bionics Holdings Inc., Focal Meditech, Fourier Intelligence, Hocoma AG, KUKA AG, MediTouch Ltd., MossRehab, Myomo Inc., Ottobock SE & Co. KGaA, PARKER HANNIFIN CORP., Reha-Stim Medtec AG, ReWalk Robotics Ltd., Rex Bionics Ltd., Siemens AG, and Tyromotion GmbH. |
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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, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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