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Rehabilitation Robots Market Size
- Report ID: GMI5594
- Published Date: May 2023
- Report Format: PDF
Rehabilitation Robots Market Size
Rehabilitation Robots Market size was valued at over USD 212 million in 2022 and is projected to depict over 21% CAGR between 2023-2032 owing to increasing prevalence of brain disorders will enhance the demand for rehab robots.
As per data released by the Brain Injury Association of America, the U.S. reports 2.8 million traumatic brain injury cases every year, indicating a significant need for neurological rehabilitation. Individuals suffering from trauma or disorders associated with the nervous system require a physiotherapist-monitored rehabilitation program. Such programs ensure better care, well-being, recovery, and engagement of people with neurological conditions. Robotics is transforming the space of neurological rehabilitation and post-traumatic brain injury management with advanced interventions to speed up motor learning, and neuroplasticity.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Rehabilitation Robots Market Size in 2022: | USD 212 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 21.3% |
| 2032 Value Projection: | USD 1.4 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 210 |
| Tables, Charts & Figures: | 516 |
| Segments covered: | Type, Robotic Structure, Extremity, Patient, Application, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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High cost of rehab robots may create roadblocks for the industry players, influencing product adoption. Hefty expenses associated with R&D and technology integration add to the final cost of the product. Due to the high level of sophistication, exoskeleton robots are manufactured by a few companies with zero access and availability of cost-effective alternatives. The average cost of rehabilitation robots is USD 70,000 with additional expenses associated with annual maintenance, which may limit the adoption of these systems.
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Rehabilitation Robots Market Scope
