Rehabilitation Robots Market Analysis North America,Europe,APAC,South America,Middle East and Africa - US,Japan,Germany,UK,France - Size and Forecast 2023-2027

Rehabilitation Robots Market Forecast 2023-2027

The rehabilitation robots market size is forecast to increase by USD 1.95 billion, at a CAGR of 27.15% between 2022 and 2027. The market's expansion hinges on various elements. Firstly, the escalating prevalence of strokes, injuries, and neurological diseases propels the demand for rehab services and products. This is further fueled by the increasing adoption of outpatient rehab, reflecting a shift towards patient-centric care models. Additionally, technological innovations play a pivotal role, offering advanced tools and therapies for effective rehab outcomes. These innovations encompass a wide range of solutions, from assistive devices to digital platforms, enhancing accessibility and customization in rehab programs. Overall, the market's growth trajectory is intertwined with the evolving landscape of healthcare, emphasizing the importance of tailored interventions and cutting-edge technologies in rehab services.

 What will the Size of the Market be During the Forecast Period?

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Market Segmentation

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.

Market Dynamics and Customer Landscape

The market thrives due to rising per capita healthcare spending and demand for technologically advanced equipment addressing conditions like stroke and musculoskeletal disorders among older adults. The World Health Organization (WHO) emphasizes robotic solutions for cumulative trauma disorder, repetitive strain injury, and occupational overuse syndromes. Challenges persist, notably the high cost of rehab robots, limiting product adoption. However, trends show a push for technology integration to enhance affordability. The market's future hinges on overcoming cost barriers while leveraging advanced interventions in neurological rehab. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The rising prevalence of strokes, injuries, and neurological diseases is notably driving the 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.

Moreover, 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 rehab robots for recovery and a better quality of life. With challenges such as a shortage of experienced therapists, the high cost of rehab training, and the need for prolonged therapy sessions (as in the case of conventional therapy), alternative methods involving rehab robots are expected to gain traction during the forecast period.

Significant Market Trend

An increase in the ageing population is the primary trend driving the 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 ageing 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 rehab robots.

The adoption of therapeutic rehab 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 ageing population, the implementation of rehabilitation robots will increase over the forecast period. 

Major Market Challenge

The high cost of rehabilitation robots is the major challenge hindering the market growth.  A key challenge that is hindering the adoption of rehabilitation robots is their high selling price, which can go up to USD 100,000, as opposed to substitute products, which have an ASP of around USD 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 companies 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.

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates?in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Market Customer Landscape

Who are the Major Market Players?                                  

Companies 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 15 market companies, including :

• 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

Qualitative and quantitative market research report analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. In market growth analysis report, data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Market?

The market is intricately linked to various factors shaping healthcare dynamics globally. Per capita healthcare spending is a crucial determinant, driving investments in technologically advanced equipment like rehabilitation robots. These robots play a pivotal role in addressing a spectrum of conditions, including stroke, which is prevalent among older adults. Furthermore, the market caters to individuals with cumulative trauma disorder, repetitive strain injury, and occupational overuse syndromes. The World Health Organization (WHO) recognizes the significance of rehabilitation robotics in managing musculoskeletal disorders and spinal cord injuries. For the geriatric population, especially those with conditions like cerebral palsy, nervous system disorders, or recovering from strokes, rehabilitation robots offer immense support. They facilitate physiotherapist-monitored rehabilitation programs, promoting care, well-being, and recovery.

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.

Which are the Key Regions for the Market?

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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 ageing population, high disposable income, and investments in medical science and healthcare drive the growth of the market in the region.

Segment Overview

Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest market growth and trends and growth opportunities from 2017 to 2027. 

• Product Outlook 
  • UERR
  • LERR
  • FE
  • TRR
• End-user Outlook 
  • Hospitals and clinics
  • Senior care facilities
  • Homecare settings
• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The Market is experiencing significant growth, driven by various factors. The Compound Annual Growth Rate (CAGR) reflects sustained expansion, fueled by increased per capita healthcare spending globally. Technological advancements have ushered in a new era of technologically advanced equipment specifically designed for the healthcare sector to cater to the needs of older adults and those with musculoskeletal disorders.Innovations such as exoskeletons and therapy robots are revolutionizing rehabilitation for differently abled or physically challenged patients, particularly those with spinal cord injuries. Healthcare providers are increasingly adopting these advanced solutions to enhance geriatric care and manage chronic diseases more effectively, reducing the reliance on standard care hospitalization.

However, the market faces challenges such as stringent regulations governing medical applications and the need for device reliability and user safety to streamline the approval process and commercialization of products. Compliance with ISO standards and regulatory bodies like the FDA is crucial for market players.Government initiatives, rising healthcare expenditure, and surging awareness about the benefits of rehabilitation robots, especially in post-stroke rehabilitation and musculoskeletal issues, are driving FDA approvals and fostering collaboration with organizations like the European Commission. The focus is on developing advanced solutions for lower body extremity and upper body extremity rehabilitation, catering to the needs of paralyzed patients, frail elderly, and those with neurological impairments.

Furthermore, the market is witnessing significant growth, driven by a range of factors. One key driver is the increasing prevalence of disorders such as cumulative trauma disorder, repetitive strain injury, and occupational overuse syndromes, as well as musculoskeletal disorders and spinal cord injuries. With a growing geriatric population and rising awareness about healthcare, there's a heightened demand for innovative solutions.Trainers in the healthcare sector are leveraging rehabilitation robots to address the needs of the elderly population and individuals with lower body disabilities. These robots, like the robotic lower-body exoskeleton, play a crucial role in enhancing mobility and independence, especially in an aging population.

Market Scope
Report Coverage	Details
Page number	162
Base year	2022
Historical year	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 27.15%
Market growth 2023-2027	USD 1.95 billion
Market structure	Fragmented
YoY growth (%)	26.42
Regional analysis	North America, Europe, APAC, South America, and the Middle East and Africa
Performing market contribution	North America at 40%
Key countries	US, Japan, Germany, UK, and France
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
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.
Market Dynamics	Parent market analysis, market research and growth, Market forecasting, 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.
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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What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the market size and its contribution to the parent market.
• Accurate predictions about  upcoming market growth and market trends and analysis and changes in consumer behaviour
• Growth of the rehabilitation robots industry across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough market growth and forecasting analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report analysis of factors that will challenge the growth of carbon dioxide market companies

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