The global rehabilitation robots market is estimated to grow at a significant CAGR during the forecast period. The major factors contributing to the market growth include a significant prevalence of spinal cord injuries and a rising geriatric population. As per the report by National Spinal cord injury statistical centre, a recent estimate showed that the annual incidence of spinal cord injury (SCI) is approximately 54 cases per one million people in the US, or about 17,810 new SCI cases each year.
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Most bodily parts, including the legs, arms, trunk, and pelvic organs, are impacted by SCI. As a result, powered exoskeletons are becoming more popular as a way for people with severe SCI to stand and walk. ReWalk is an instance of a wearable exoskeleton robot with powered hip and knee movements that assists persons with SCI in walking, climbing, standing erect, turning, walking, and climbing stairs. It is the first exoskeleton to receive FDA approval in the US for personal and rehabilitative usage.
The increasing geriatric population and people suffering from neurological disorders have emerged the need for exoskeleton robots for rehabilitation services in the medical field. Apart from medical uses, exoskeleton robots are growing rapidly in the automotive and construction industries as ergonomic assistance for repetitive operations such as walking, bending, and squatting. While performing overhead jobs, the system aids the worker’s arms. Furthermore, the major players operating in the market include BIONIK Laboratories Corp., Ekso Bionics Holdings, Inc., CYBERDYNE, Inc., Kuka AG, and Össur hf.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Type
o By End-User
- Competitive Landscape: BIONIK Laboratories Corp., Ekso Bionics Holdings, Inc., CYBERDYNE, Inc., Kuka AG, and Össur hf.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Rehabilitation Robots Market by Segment
By Type
- Assistive
- Therapeutic
- Exoskeleton
- Others (Prosthetics and Orthotics)
By End-User
- Rehabilitation Centers
- Hospitals and Clinics
- Others
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