The worldwide robotic rehabilitation and assistive applied sciences market was valued at US$ 1.7 Bn in 2021 and is projected to advance at a CAGR of 12.5% from 2022 to 2031. The worldwide robotic rehabilitation and assistive applied sciences market is anticipated to achieve greater than US$ 5.5 Bn by 2031.
Robotic Rehabilitation and Assistive Applied sciences Market Introduction
Rehabilitation robots or assistive robots carry out a bodily activity for the well-being of an individual with a incapacity. The worldwide robotic rehabilitation and assistive applied sciences market is pushed by the rise in geriatric inhabitants and rise in per capita well being care expenditure. Purposes of rehabilitation and assistive robotic applied sciences are rising quick. For instance, the McGill College has developed a robotic that helps wheelchair-bound sufferers stand and stroll. It helps gait coaching and neuro-rehabilitation.
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The worldwide market is predicted to develop at a speedy tempo in the course of the forecast interval as a result of surge in adoption of rehabilitation and assistive robotics in the course of the COVID-19 pandemic. The assistive and rehabilitation robotics market gives important alternatives for robotic rehabilitation and assistive applied sciences producers. Improvements in rehabilitation and assistive robotics applied sciences panorama have led to the event of robotic exoskeleton fits which might be enabling paraplegic sufferers to eradicate the necessity for wheelchairs.
Rise in Prevalence of CVDs and Lengthy-term Disabilities to Drive Demand for Robotic Rehabilitation and Assistive Know-how Merchandise
Rise in prevalence of power illnesses has elevated the affected person pool present process interventional procedures adopted by rehabilitation therapies globally, leading to excessive demand for rehabilitation robotics applied sciences. Altering existence, quickly getting old inhabitants, and hypertension contribute to the rise in prevalence of cardiovascular illnesses (CVDs). Stroke is the main reason behind long-term incapacity within the U.S. Progress in prevalence of stroke the world over has led to a rise in want for rehabilitation and assistive robotics applied sciences. Surge within the variety of stroke sufferers has elevated rehabilitation, resulting in the expansion of the robotic rehabilitation and assistive applied sciences market.
In keeping with the Web Stroke Heart, round 795,000 individuals undergo from stroke within the U.S. yearly. As per the World Well being Group, 15 million individuals undergo from stroke globally every year; of those, 5 million are completely disabled. Rise in prevalence of neuromotor and orthopedic problems similar to cerebral palsy, rheumatoid arthritis, and spinal twine harm globally is driving the demand for assistive robotic applied sciences, thereby propelling the rehabilitation and assistive applied sciences market.
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Intensive Analysis and Technological Developments in Assistive Robots to Gas Market
When it comes to sort, the worldwide robotic rehabilitation and assistive applied sciences market has been bifurcated into assistive robotic and rehabilitation robotic. The assistive robotic phase held greater than 55% share of the worldwide market in 2021. The phase is predicted to dominate the market in the course of the forecast interval. The assistive robotic phase is more likely to advance at a CAGR of greater than 12% between 2022 and 2031. Enhance in intensive analysis in assistive robots and technological developments in design, effectivity, and security of those methods are anticipated to propel the phase within the close to future.
Favorable Reimbursement Insurance policies and Effectivity of System in Affected person Rehabilitation to Bolster Standalone Section
Primarily based on portability, the worldwide robotic rehabilitation and assistive applied sciences market has been categorized into standalone and cellular. The standalone phase is projected to account for dominant share of the worldwide robotic rehabilitation and assistive applied sciences market from 2022 to 2031. The phase is anticipated to develop at a CAGR of greater than 11% in the course of the forecast interval. Enhance in incidence of incapacity and rise in technological developments similar to stereotactic expertise are the main components driving the standalone phase.
Progress in Submit-surgery Purposes of Robotic Rehabilitation and Assistive Applied sciences to Increase Market
When it comes to software, the worldwide robotic rehabilitation and assistive applied sciences market has been segregated into post-surgery, cognitive & motor talent remedy, and others. The post-surgery phase dominated the worldwide market, with greater than 50% share in 2021. This may be primarily ascribed to the rise in variety of several types of surgical procedures throughout the globe. Enhance in want for rehabilitation and assistive robotics applied sciences in post-surgical purposes can be driving the demand for these merchandise. Rise in geriatric inhabitants, development in prevalence of orthopedic problems, and enhance in consciousness about surgical therapies are the components boosting the demand for assistive robotic applied sciences, thereby propelling the rehabilitation and assistive applied sciences market.
Regional Outlook of International Robotic Rehabilitation and Assistive Applied sciences Market
North America dominated the worldwide robotic rehabilitation and assistive applied sciences market, with greater than 45% share in 2021. Enhance in incidence fee of power illnesses and a well-established well being care sector are anticipated to drive the robotic rehabilitation and assistive applied sciences market within the area in the course of the forecast interval. The market in Asia Pacific is predicted to develop at a quicker CAGR of 13.0% in the course of the forecast interval. Excessive well being care expenditure, early adoption of rehabilitation procedures, and developed healthcare sector are more likely to drive the robotic rehabilitation and assistive applied sciences market within the area in the course of the forecast interval.
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Evaluation of Key Gamers in International Robotic Rehabilitation and Assistive Applied sciences Market
Key producers within the world robotic rehabilitation and assistive applied sciences market are adopting analysis collaboration, buy & distribution agreements, and new product growth methods to strengthen their product portfolios and geographic presence within the worldwide market.
Main gamers analyzed within the report are –
- ReWalk Robotics
- AlterG, Inc.
- Bionik Laboratories Corp.
- Ekso Bionics
- Vincent Medical
- DIH Applied sciences Company (Hocoma)
- CYBERDYNE, INC.
- Kinova, Inc.
- Rex Bionics Ltd.
- As an alternative Applied sciences, Ltd.
Key Developments in International Robotic Rehabilitation and Assistive Applied sciences Market
- In December 2021, Sakra World Hospital launched a world-class Robotic-Assisted Neuro-Rehabilitation Heart in Bangalore, Karnataka. It’s the first-ever Neuro-Rehabilitation Heart in Karnataka. Sakra Rehabilitation is a extremely respected superior rehabilitation establishment. The institute supplies Rehab and Prehab as Inpatient, Outpatient, and Residence-based Tele-Rehabilitation.
- In October 2020, scientists from Nanyang Technological College, Singapore, in collaboration with rehabilitation physicians and occupational therapists from the Centre for Superior Rehabilitation Therapeutics (CART), developed a sensible new transportable arm rehabilitation robotic gadget. It helps sufferers perform robot-aided remedy at residence, permitting them to carry out intensive workout routines with out visiting hospitals or clinics. This will cut back the danger of publicity to infectious illnesses similar to COVID-19.
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