Rehabilitation Robots Market Size Worth $1.0 Billion by 2030

The global rehabilitation robots market size is expected to reach USD 1.0 billion by 2030 and is expected to expand at a CAGR of 17.3% during the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the industry growth are the high per capita healthcare spending and rapid adoption of technologically advanced instruments. The demand for rehabilitation robots is increasing, as these are beneficial in improving the quality of life of individuals with conditions such as spinal cord injury, paralysis, and others. The rising number of product approvals by regulatory bodies such as the FDA is expected to further propel the growth in the forecast period. Increasing incidence of spinal cord injury and musculoskeletal disorders are driving the adoption of robots for rehabilitation purposes.

The global market size of Rehabilitation Robots will reach (2028 Market size $$) million $ in 2027 with a CAGR of % from 2022-2027.

Some of the Major Key players profiled in the study are Bionik Laboratories Corp., Kinova Inc., Rex Bionics Ltd., BioXtreme Ltd., Ekso Bionics Holdings Inc., Hocoma, Corindus, Inc., Cyberdyne Inc., ReWalk Robotics Inc., and Biodex Medical Systems Inc. among others

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Market Overview

In the past few years, the Rehabilitation Robots market experienced a huge change under the influence of COVID-19, the global market size of Rehabilitation Robots reached (2021 Market size $$) million $ in 2021 from (2016 Market size $$) in 2016 with a CAGR of 7% from 2016-2021 is. As of now, the global COVID-19 Coronavirus Cases have exceeded 200 million, and the global epidemic has been basically under control, therefore, the World Bank has estimated the global economic growth in 2021 and 2022. The World Bank predicts that the global economic output is expected to expand 4 percent in 2021 while 3.8 percent in 2022. According to our research on Rehabilitation Robots market and global economic environment, we forecast that the global market size of Rehabilitation Robots will reach (2026 Market size $$) million $ in 2026 with a CAGR of % from 2021-2026.

Due to the COVID-19 pandemic, according to World Bank statistics, global GDP has shrunk by about 3.5% in 2020. Entering 2021, Economic activity in many countries has started to recover and partially adapted to pandemic restrictions. The research and development of vaccines has made breakthrough progress, and many governments have also issued various policies to stimulate economic recovery, particularly in the United States, is likely to provide a strong boost to economic activity but prospects for sustainable growth vary widely between countries and sectors. Although the global economy is recovering from the great depression caused by COVID-19, it will remain below pre-pandemic trends for a prolonged period. The pandemic has exacerbated the risks associated with the decade-long wave of global debt accumulation. It is also likely to steepen the long-expected slowdown in potential growth over the next decade.

The world has entered the COVID-19 epidemic recovery period. In this complex economic environment, we published the Global Rehabilitation Robots Market Status, Trends and COVID-19 Impact Report 2021, which provides a comprehensive analysis of the global Rehabilitation Robots market , This Report covers the manufacturer data, including: sales volume, price, revenue, gross margin, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows the regional development status, including market size, volume and value, as well as price data. Besides, the report also covers segment data, including: type wise, industry wise, channel wise etc. all the data period is from 2015-2021E, this report also provide forecast data from 2021-2026.

Region Segmentation
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Other)
Asia Pacific (China, Japan, India, Korea, Southeast Asia)
Europe (Germany, UK, France, Spain, Italy)
Middle East and Africa (Middle East, Africa)

Rehabilitation Robots Segmentation by Type:

Type (Therapeutic Robots, Exoskeleton Robots, Assistive Robots and Others), and End User (Hospitals & Clinics, Rehabilitation Centers and Others).

Rehabilitation Robots Segmentation by Application:

Applications 1,Applications2,Applications46

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What is the goal of the report?

The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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