Rehabilitation Robots Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3844
Rehabilitation Robots Market Size is anticipated to grow exponentially between 2021 and 2027. This strong growth is due to the high effectiveness of robotic therapy in reducing motor impairment and improving motor performance among patients with traumatic spinal injury. Furthermore, the rising incidences of neurological disorders such as chronic strokes will also boost the demand for robotic rehabilitation devices to facilitate physical recovery. According to the WHO, nearly 15 million people suffer from stroke per year, out of which, 6 million become disabled.
A rehabilitation robot refers to an automatically operated machine designed to improve the movement of people with impaired physical functioning. Assistive and therapy robots are among the two major types of rehabilitation robots. Apart from enhancing physical movement, these robots play a major role in assisting the nervous system to regenerate neural connections following medical treatments like the stem-cell therapy.
Growing interest in robotic rehabilitation therapy among the geriatric population base is a key trend bolstering the market expansion. The increasing burden of diseases like multiple sclerosis and rheumatoid arthritis will further add impetus to the industry demand, as mobility and cognitive impairments are common among these patients. Despite the favorable business outlook, limitations in terms of functionality and high costs may restrict the availability of rehabilitation robots across a notable portion of global population.
The exoskeletal segment will account for a major share by 2027. This is a result of the rising prevalence of cerebrovascular accidents and traumatic brain injury, predominantly in the United States. The segment growth will also be stimulated by the escalating adoption of robotic exoskeletons among construction workers to reduce muscle fatigue and improve the quality of works, among other benefits.
Europe rehabilitation robots market is likely to register substantial revenue till 2027 led by the increasing number of older people and the growing prevalence of age-related neurological disorders like Parkinson’s disease in the region. In the 27 European Union countries, the population of elderly people aged 65 years and above is expected to rise from 90.5 million in 2019 to 129.8 million by 2050.
Prominent players functioning in the market include BIONIK, ANA-MED, AlterG, Man&Telamong, Tyromotion, and Hocoma, among others. These industry participants are focusing on various strategies like new product launches, business expansions, acquisitions, and partnerships to expand their business portfolio across the global market. For example, Ekso Bionics Holdings, Inc. announced an expanded collaboration with Kindred Healthcare in May 2021 with an aim to deliver EksoNR, a clinically-used robotic exoskeleton, to four Long-Term Acute Care Hospitals of Kindred in the U.S. In March 2021, ReWalk Robotics, Ltd. inked a contract with BKK Mobil Oil Insurance, with an objective to offer ReWalk Personal Exoskeleton devices to eligible people with spinal cord injury in Germany.
COVID-19 May Influence Rehabilitation Robots Market Trends
The emergence of the coronavirus disease has led to a worldwide effect on research efforts targeting many healthcare segments, such as neurological diseases. Due to the interruption in clinical trials and drug development for these diseases, the therapeutic pipeline has been hit hard by the pandemic. However, various instances of motor neuron symptoms among COVID-19 patients have been reported globally. Reports from the National Hospital for Neurology and Neurosurgery in Queen Square, UK, for instance, suggested the emergence of specific neurological presentations, including inflammatory central nervous system syndromes, encephalopathies, and ischemic strokes, among these patients. This significant risk of neurological conditions like physical deconditioning among the coronavirus-infected patients may help thus reshape the rehabilitation sector and in turn, promote market recovery.
The market research report on rehabilitation robots includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2017 to 2027 for the following segments:
Market, By Product Type
Market, By Therapy
- Limb mobility
Market, By Patient
Market, By Body Part
- Upper extremity
- Lower extremity
Market, By Application
- Sports and Orthopedic Medicine
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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