Rehabilitation Robots Market Report 2018-2026 Focuses On Top Companies AlterG, InMotion Robotics, Ekso Bionics, Myomo
According to the Centers for Disease Control and Prevention (CDC) in 2016, around 200,000 people suffered from spinal cord injury in the U.S. and the annual incidence rate is estimated at 15-40 new cases per million people, accounting for around 12,000 to 20,000 new cases per year. Growing geriatric population and growing prevalence of conditions such as rheumatoid arthritis, spinal cord injury, dementia, cerebral palsy, and other age-related disabilities play a major role in driving growth of the global market for robotic rehabilitation. The geriatric population is highly susceptible to falls and injury thus, requiring constant assistance. This, in turn, is expected to fuel growth of the rehabilitation robots market.
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Rehabilitation Robots Market
On the basis of product type, the rehabilitation robots market is segmented into:
On the basis of end user, the rehabilitation robots market is segmented into:
According to Centers for Disease Control and Prevention (CDC), around 52.5 million adults in the U.S. suffered from arthritis i.e. around 23% of the total adult population, in 2013. This number is expected to grow over the forecast period, in turn creating a highly conducive environment for growth of the global rehabilitation robots market.
High cost of rehabilitation robotic devices is one of the major factors that are restraining growth of the market, especially in low and medium-income countries
North America holds the largest market share due to high prevalence of spinal cord injuries in the region. According to the National Spinal Cord Injury Statistical Center, 236,000 - 327,000 people suffered from serious spinal cord injuries in the U.S., in 2015. This increasing demand for rehabilitation robots in the region is met major government investments to aid in research and development of such robots. This in turn, is expected to boost growth of the market over the forecast period. The Asia Pacific region is projected to exhibit the highest CAGR over the forecast period, owing to rampant development in healthcare infrastructure and growing prevalence of chronic diseases such as arthritis, orthopedic injuries, spinal cord injuries, and traumatic brain injuries, in the region.
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