Rehabilitation Robots Market- AlterG, InMotion Robotics, Ekso Bionics, Myomo Inc., Hocoma AG, Chatanoonga, Patterson

Rehabilitation robots can assist those with disabilities to regain their independence. These robots must keep up with a human and their movement, therefore in the making of the machine the makers need to be sure that it will be consistent with the progress of the patient. The rehabilitation robots market is expected to witness significant growth over the projected five-year target period. This would be an encouraging result when one considers that recent advances in rehabilitation technology have been majorly impacting the industry. Moreover, it points to the growing sophistication of such technologies and their applications. This article offers some insights into the factors driving this industry's prospects in the future, and offers recommendations on how market leaders can successfully navigate this evolving landscape.

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China is emerging as a world leader in rehabilitation robotics. Its vast experience in manufacturing and production of sophisticated robotic devices has laid the foundation for the current success. A majority of its robotic engineering graduates have been deployed in foreign countries to hone their skills and obtain exposure to international markets. As China's economy grows and becomes more developed, the rehabilitation robots market is expected to grow further.

To facilitate the massive manufacturing capacity required by these robots, China's large industrial base provides the correct design, material and components. The combination of these factors has led to the rapid growth in the rehabilitation robots market over the last decade. In addition to these key factors, China's government has shown a willingness to support research and development in this field, and this has resulted in a host of new devices that are now being used significantly.

The rehabilitation robots market is also driven by the emergence of Covid-19. Globally, as of 6:09pm CEST, 30 June 2021, there have been 181,521,067 confirmed cases of COVID-19, including 3,937,437 deaths, reported to WHO. As of 30 June 2021, a total of 2,915,585,482 vaccine doses have been administered. The additional drivers of the global rehabilitation robots market size include a larger adoption of this technology by health care facilities as well as additional adoption from industries such as military and firefighting.

The rehabilitation robots market is also driven by increasing labor cost. According to Eurostat press release in April 2019, in 2018, hourly labor costs in the whole economy expressed in € rose by 2.7% in the EU and by 2.2% in the euro area compared to 2017, with Latvia (+12.9%), Lithuania (+10.4%), Estonia, and Slovakia (both +6.8%) witnessing the highest increase.

This report focuses on the top players in global market, like AlterG, InMotion Robotics, Ekso Bionics, Myomo Inc., Hocoma AG, Chatanoonga, Patterson, and Interactive Motion Technologies (BioNik)

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