Rehabilitation Robots Market to Reach USD 2,617.3 million by 2026, Growing at a CAGR of 22.1%

Published February 16, 2023

The introduction of new devices and the high investments by different key market players into rehabilitation robots will help in the rehabilitation robots market growth.

TheRehabilitation Robots Industrywas valued atUSD 529.8 millionin 2018 and is anticipated to grow toUSD 2,617.3 millionby 2026, at a compound annual growth rate(CAGR) of 22.1%from 2019 to 2026.A branch of robotics called rehabilitation robotics focuses on creating tools or robots that aid in the healing of physical wounds. Robots are essential tools for people with disabilities because they are multi-purpose manipulators that help move materials. Robot-mediated therapy, prosthetics, assistive devices, and many other things have been developed since rehabilitation robots first appeared in the 1960s.

The goal of assistive technology is to improve the effectiveness of medical care and the ease with which patients with disabilities can perform daily tasks. InMotion ARM/HAND robotic system was recently introduced by Bionik Laboratories Corp. in January 2019 for the clinical rehabilitation of stroke survivors and people with mobility impairments brought on by neurological conditions. The development of the rehabilitation robots market will be aided by the introduction of new products and significant investments made in them by various key market players.

Ask for In-depth Report Sample:

Market Drivers

  • Ageing Population: The global population is ageing, and this is driving demand for rehabilitation robots as older adults seek to maintain their independence and mobility.
  • Rising Prevalence of Chronic Diseases: The rise in chronic diseases, such as stroke, osteoarthritis, and Parkinson's disease, is driving demand for rehabilitation robots as these devices can help improve patient outcomes and quality of life.
  • Advances in Technology: The development of new technologies, such as robotics, artificial intelligence, and wearable devices, is driving the growth of the rehabilitation robots market.
  • Increased Healthcare Expenditure: The rise in healthcare expenditure is leading to increased investment in innovative medical devices, including rehabilitation robots.
  • Government Support and Initiatives: Governments around the world are providing funding and support for the development of new medical technologies, including rehabilitation robots, to address the growing demand for rehabilitation services.

Growing Incidence of Spinal Cord Injuries and Strokes to Favor Growth of Therapeutics Robot Segment

The report classifies the global rehabilitation robots market on the bases of type, end user, and geography. In terms of type, the market is segmented into therapeutics robots, assistive robots, exoskeleton robots, and others. Numerous prominent market players have recently started investing huge sums of money in the design and development of assistive robots in order to treat those with chronic health conditions.

This, in turn, is anticipated to increase the global rehabilitation robots market sales. Fortune Business Insights predicts that the therapeutics robots segment will witness significant growth in the CAGR during the forecast period. This is mainly due to the rising incidence of strokes and spinal cord injuries that in turn, affect the mobility of people. All these factors contribute to the global rehabilitation robot market growth in the coming years. By end user, the market is grouped into hospitals, rehabilitation centres, and others.

FDA Approvals and Product Launches to Strengthen Market Positions of Key Market Players

The global rehabilitation robots market is combined due to diverse product offerings and strong company portfolios. ReWalk Robotics, Inc., a developer of wearable robotic exoskeletons, based in the U.S., announced in June 2019 that the Food and Drug Administration (FDA) approved the ReStore soft exo-suit system for sale to rehabilitation centres in the U.S.The system will be used to treat stroke survivors with mobility challenges. The exo-suit is also cost-effective and functional. It can be used in the ‘Main Street clinics. Bionik Inc., a global pioneering healthcare company, headquartered in Canada, announced the launch of its new generation InMotion ARM/HANDrobotic system in January 2019. The system will aid in the clinical rehabilitation of stroke survivors and will also be provided to those who are suffering from mobility impairments due to neurological conditions.

To Get This Report Customized, Visit:

Cyberdyne Inc., a robotics and technology company, based in Japan, announced that it has received approval from the FDA for the sale of HAL (Hybrid Assistive Limb) lower-body exoskeleton in medical facilities in January 2018. HAL is a walking robot that can strap itself to a patient’s legs. The sensors that are attached to the patient’s leg muscles detect bioelectric signals from their brain to the muscles. The system enhances the patient’s stability and strength as the exoskeleton assists in movements. Earlier, in February 2016, Apollo Hospitals unveiled ApoKos, India’s first rehabilitation hospital. ApoKos offers comprehensive rehabilitation for a range of medical conditions.

Dr Takanori Shibata of Japan’s National Institute of Advanced Industrial Science and Technology developed PARO, a therapeutics robot and announced its launch of the same in December 2009. PARO robot was delivered to several healthcare organizations and hospitals during the pre-marketing phase. The robot resembles a baby harp seal that helps in therapy and has been used with dementia patients, autistic children, and people with disabilities.

Fortune Business Insights has profiled some of the prominent companies operating in the global rehabilitation robots market. Some of them are Cyberdyne Inc., Bionik, Hocoma, Rex Bionics Ltd., Bioxtreme, Ekso Bionics, Corindus, Inc., ReWalk Robotics, and other prominent market players.

List of Companies Profiled:

  • Ekso Bionics
  • ReWalk Robotics
  • Rex Bionics Ltd.
  • Hocoma
  • Bioxtreme

Get Quote:

About Us

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth.
Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
+1 424 253 0390
UK:+44 2071 939123
APAC:+91 744 740 1245

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Rehabilitation Robots Market to Reach USD 2,617.3 million by 2026, Growing at a CAGR of 22.1%