Global Rehabilitation Robotics Market Key Players, End User, Demand and Consumption By 2023.
Rehabilitation robotics has achieved burgeoning importance in the healthcare industry in terms of societal and economic benefits. The introduction of this promising technology has revolutionized the field of physical disabilities, by decreasing the burden on trainers and making the life of physically disabled patients easier.
The rehabilitation robotics market is likely to witness lucrative growth in the coming years owing to the increase in proportion of older people. According to National Institutes of Health, the proportion of people aged 65 years and above will increase to 17% of world’s population by 2050 from 8.5% in 2015. This demographic shift will create a significant increase in demand for elder-care services such as robots that can assist with the care and support of the older populations and the disabled.
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Rising prevalence of stroke worldwide is a significant factor driving the growth of rehabilitation robotics market. Stroke is the leading cause of disabilities in the western countries. Each year, 15 million people around the globe suffer a stroke. Nearly six million die and another five million are left permanently disabled. Rehabilitation robotic systems are able to identify and assess dynamic movements as well as coordination disorders, thus support the training given by physical therapists. There is a further growing market need for such better robotic solutions for rehabilitation.
Various notable players operating the rehabilitation robotics market include Ekso Bionics, Alter G, Hocoma, Kinova, ReWalk Robotics, Interactive Motion Technologies, Myomo, Inc, Rehab-Robotics Co. Ltd. , and Honda Motor among others.
The global rehabilitation robotics market has been segmented on the basis of type, application, and key geographies. Based on type, the market comprises of Assistive Robots, Therapeutic Robots, Prosthetics, Exoskeleton Robotic Systems, and Orthotics. On the basis of application, the market is segmented into Neurorehabilitation, Orthopaedics, Cognitive & Motor Skills, and Sports.
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This research report on rehabilitation robotics market provides in-depth analysis of the global rehabilitation robotics market based on type, application, and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for rehabilitation robotics market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent development in the market.
Key questions answered in this research report:
1. At what pace is rehabilitation robotics market growing? What will be growth trend in future?
2. What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3. What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the rehabilitation robotics market?
4. What are the various application areas and how they are poised to grow?
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