The global rehabilitation robots market is estimated to grow at a CAGR of nearly 25.0% during the forecast period. The major factors contributing to the market growth include a significant prevalence of spinal cord injuries and rising geriatric population. As per the data published by the National Spinal Cord Injury Statistical Center, as of 2019, in the US, the new incidences of spinal cord injury (SCI) reported each year is 17,730 or 54 cases per one million people. As of 2019, the estimated number of individuals suffering from spinal cord injury in the US is nearly 291,000. Nearly 78% of new incidences were reported among males.
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Since 2015-2018/2019, motor vehicle accidents are the major cause of SCI (39.3%), which is followed by falls (31.8%), acts of violence (13.5%), sports (8%), medical/surgical (4.3%), and other (3.1%). Nearly 2/3rd of sports injuries were reported from diving. Due to the SCI, most of the body parts, including legs, arms, trunk, and pelvic organs are affected. This leads to the emerging adoption of powered exoskeletons to offer a way to stand and walk for people suffering from severe SCI. ReWalk is a major instance of a wearable exoskeleton robot with powered hip and knee motion that provides support to people with SCI to walk, climb, stand upright, turn, walk, and descend stairs. It is the first exoskeleton gained FDA approval for personal and rehabilitation use in the US. This enables patients with SCI to practice over-ground real-world gait scenarios and provides the walking ability to the patients. The market has significant opportunity owing to the rising application of rehabilitation robots across industries to maintain the safety of the workers and increase productivity. However, the high cost of these systems is a major restraining factor for the market growth.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Rehabilitation Robots Market by Type
- Assistive
- Therapeutic
- Exoskeleton
- Others (Prosthetics and Orthotics)
Global Rehabilitation Robots Market by End-User
- Rehabilitation Centers
- Hospitals and Clinics
- Others (Automotive and Construction Industry)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AlterG, Inc.
- BIONIK Laboratories Corp.
- BioXtreme Ltd.
- CYBERDYNE Inc.
- DIH International (DIH)
- Ekso Bionics Holdings, Inc.
- Hyundai Motor Group
- Kinestica d.o.o.
- Kinetic Muscles, Inc.
- Kinova Inc.
- Kuka AG
- Össur hf.
- Parker Hannifin Corp.
- Rehab-Robotics Co Ltd.
- ReWalk Robotics Ltd.
- Rex Bionics Ltd.
- Toyota Motor Corp.
- Tyromotion GmbH
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global rehabilitation robots market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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