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Global Rehabilitation Robots Market is estimated to reach US$ 3.08 billion by 2027, growing at a CAGR of 26.13% from 2022-2027

09-14-2022 01:48 PM CET | IT, New Media & Software

Press release from: Supply Demand Market Research

Rehabilitation Robots

Rehabilitation Robots

The Global Rehabilitation Robots Market is estimated to reach 3.08 billion US$ by 2027, expanding at a CAGR of 26.13% during the forecast period. Robot-assisted therapy systems are being increasingly used in rehabilitation processes as they provide countless benefits in performing repeated movements during goal-directed tasks, the evaluation of different physiological and functional parameters during rehabilitation exercises, improving motivation, and assisting home exercises and training.

By type, the market is sub-segmented into lower extremity and upper extremity. The lower extremity segment is anticipated to experience a growth rate of 26.8% from 2022-2027. Currently, many players in the industry have developed different exoskeletons for upper and lower limbs that act as assisting devices in performing physical tasks and support users as a trainer. These are the result of continuous technological advancements and growing research in the robotics field.

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By application, the market is sub-segmented into exoskeleton robots, therapeutic robots, assistive robots and others. The exoskeleton robots extremity segment is anticipated to experience a growth rate of 26.9% from 2022-2027. In 2022, the Exoskeleton Robots captured the largest share of 45% of the total market. The use of exoskeletons for such purposes has grown, in part, due to the increase in the number of people with physical disabilities, especially the geriatric population.

By end-user, the market is sub-segmented into rehabilitation centers, hospitals, and other. In 2022, the rehabilitation centers accounted for 53% market share followed by hospitals. The rehabilitation robots products and solutions are used in hospitals, rehabilitation centers, long term care homes, schools, leisure centers, public buildings, special facilities, and private homes.

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By region, he market is sub-segmented into Asia Pacific, Europe, North America, Latin America, Africa, South America and Middle East & Africa. In 2022, North America captured the largest share of 37% followed by Europe and Asia Pacific. For each of the abovementioned regions and countries, in - depth analysis and data for annual revenue are available for 2022-2027. The breakdown of all regional markets by country and split of key national markets by type, application, and end user over the forecast years have been analyzed.

The key market players in the global Rehabilitation Robots Market are Bionik Laboratories Corp., Bioxtreme, Tyromotion GmbH, Rex Bionics Ltd., ReWalk Robotics, Rehab-Robotics Company Limited, Parker, Cyberdyne Inc. Hannifin Corp. and others.

This report covers the various factors driving the Global Rehabilitation Robots Market. To understand the growth of the market it is important to analyze the various drivers present the market. It provides data by revenue and volume of different regions and their respective manufacturers. This data will elaborate on the market share occupied by them, predict their revenue concerning strategies, and how they will grow in the future. After explaining the drivers, the report further evaluates the new opportunities and current trends in the market.

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