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Global Rehabilitation Robots Market is anticipated to reach USD 3.89 billion by 2028

09-26-2023 04:11 PM CET | IT, New Media & Software

Press release from: GlobalUnitedResearch

Rehabilitation Robots

Rehabilitation Robots

The Global Rehabilitation Robots Market is anticipated to reach USD 3.89 billion by 2028 growing at a CAGR 26.13% annually. The factors contributing towards the growth of the market aging population with age related conditions drive demand for rehabilitation robots. With the rising geriatric population, the number of people with disabilities is increasing as the elderly are more prone to conditions such as stroke and severe musculoskeletal injuries resulting from falls. As a result, the demand for effective rehabilitation approaches, including the use of new and advanced technologies and products, is increasing across the globe.

Highlighted with 100 tables and 85 figures, this 170-page report "Global Rehabilitation Robots Market 2022-2028 by Product Type, Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity" is based on a comprehensive research of the entire global rehabilitation robots market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2028 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

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The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global rehabilitation robots market in every aspect of the classification from perspectives of Component, Product Type, Industry Vertical, and Region.

Some of the major players in the global rehabilitation robots market are Bionik Laboratories Corp., Tyromotion GmbH, Rex Bionics Ltd., ReWalk Robotics, Rehab-Robotics Company Limited, Parker, Cyberdyne Inc. Hannifin Corp. and other key market players.

BIONIK Laboratories launches InMotion Connect™, a cloud-based data analytics solution, to meet the data connectivity and analytics needs of hospitals and healthcare facilities nationwide. Corindus, A Siemens Healthineers Company and one of the leading developers of precision vascular robotics has declared the global launch of a new set of automated robotic movements in the technIQ Series designed for the CorPath GRX System.

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Global Rehabilitation Robots Market Segment, By Type
• Lower Extremity
o Exoskeleton Devices
o Foot Orthoses
o Others
• Upper Extremity
o Portable Assistive Devices or Orthoses for the Hand or Arm
o In-Clinic devices used in Occupational or Physical Therapy
Global Rehabilitation Robots Market Segment by Application
• Rehabilitation Centers
• Hospitals
• Other

Global Rehabilitation Robots Market Segment by Region
• North America (United States, Canada, Mexico)
• Europe (UK, France, Germany, Italy, Spain, Russia, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Brazil, Argentina, Peru, Chile, Rest of Latin America)

Global Rehabilitation Robots Market Segment by Company*
• Bionik Laboratories Corp.
• Bioxtreme
• Corindus, Inc.
• Cyberdyne Inc.
• Ekso Bionics Holdings Inc.
• Hocoma AG
• Parker Hannifin Corp.
• Rehab-Robotics Company Limited
• ReWalk Robotics
• Rex Bionics Ltd.
• Tyromotion GmbH
• Others

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Robotics is the branch of technology that deals with designing, construction, operation, and application of robots. The field of research dedicated to extending rehabilitation through the deployment of robotic devices is called rehabilitation robotics. The purpose of rehabilitation is to repair some or all of the patient's physical, sensory, and mental abilities lost due to injury, illness, or disease. Rehabilitation includes supporting the patient to reimburse for deficits that cannot