USD 265.55 Million
Report ID:
SQMIG45A2373 |
Region:
Global |
Published Date: November, 2024
Pages:
197
|Tables:
100
|Figures:
71
Rehabilitation Robots Market size was valued at USD 312.02 Million in 2023 and is poised to grow from USD 366.62 Million in 2024 to USD 1332.06 Million by 2032, growing at a CAGR of 17.5% during the forecast period (2025-2032).
The increasing incidence of spinal cord injuries is driving the growth of rehabilitation robots, as the use of exoskeletons is recommended to improve the outcome of spinal cord injury patients. This has become an important factor for patients except orthopedic and medical robotic health care providers. According to the WHO, there are approximately 250,000 to 500,000 spinal cord injuries per year worldwide. This increase in patient numbers has led to an increase in the use of orthopedic implants.
This increasing number of people suffering from such conditions has led to the widespread use of rehabilitation robots as these devices assist patients with different functional abilities or physical limitations to stand there, balance and maintain gait. According to the WHO, by 2021, there would be approximately 1.71 billion people worldwide with musculoskeletal conditions.
Furthermore, the demand for rehabilitation robots is growing, as they offer various benefits. It gives the spinal cord injured person the opportunity to gain mobility and posture at a lower metabolic cost. Moreover, technological developments such as AI & ML with advanced sensors also open new opportunities for the market. Another driver of growth is the increasing percentage of older people dealing with chronic diseases.
Global Market Size
USD 265.55 Million
Largest Segment
Material Handling
Fastest Growth
Welding & Soldering
Growth Rate
17.5% CAGR
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Global Rehabilitation Robots Market is segmented by Type, Extremity, End-use and Region. Based on Type, the market is segmented into Therapy Robots, and Exoskeleton. Based on Extremity, the market is segmented into Upper Body, and Lower Body. Based on End User, the market is segmented into Hospitals & Clinics, Senior Care Facilities, and Homecare Settings. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Industry
The healthcare & pharmaceutical segment is predicted to dominate the market. The expanding trend of integrating robots and humans in various medical applications is expected to drive growth. This includes relying on surgeons who perform surgery, which is often less invasive. These robots use powerful 3DHD technology to provide the user with the spatial information necessary for highly complex operations. Furthermore, speed and accuracy are important attributes for industrial robots in large-scale applications. In laboratories and manufacturing companies, these robots can handle liquids, powders and even sticky materials.
The automotive industry is predicted to grow rapidly due to the increasing shift from manual to electric vehicles. Additionally, legislators increasingly worried about reducing emissions are forcing manufacturers to reduce vehicle weight to comply with emission norms. Besides, major countries like Germany, U.K., U.S. and China are focusing on cross-border manufacturing expansion to meet increased demand.
Analysis by Application
Material handling is the dominant segment in the market. Demand from food, beverages, pharmaceuticals, electronics and services is likely to fuel consumption growth over the forecast period. Moreover, when some chemicals accumulate and transport hazardous materials is, material handling plays an important role in pharmaceutical and pharmaceutical industries, Robots are often used to ensure the safety of workers.
Welding & soldering is the fastest growing segment in the market. Assembly, welding & soldering and pick and place applications are likely to grow significantly during the forecast period. Growth is expected to be driven by increased automotive, metallurgical, industrial, electrical and electronics industries, where customized components are manufactured and packaged into the finished product, with increasing automotive customization and increased focus on precision cutting in many areas, the cutting and processing industry is likely to grow exponentially in the coming years.
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North America dominated the market in 2022, owing to high adoption of advanced technologies, relative to healthcare per capita expenditures and premiums comparable suitable systems. North America dominated the industry by 2021, accounting for the largest revenue share of 47.0%. Increasing incidence of spinal cord injuries in this segment is driving the market growth. The growing elderly population and the increasing number of people with disabilities are factors that have increased the adoption of grooming robots. According to the 2020 data sheet released by the CDC, about one in four people in the country have a disability.
Asia Pacific is expected to register the highest CAGR during the forecast period. Increased awareness of conditions like Alzheimer's and dementia has driven the demand for medical robots in these regions. The United Nations (UN) estimated that Asia-Pacific accounts for 60 of the world’s population with disabilities. Due to these trends, the development of assistive disability robots is also increasing rapidly in this field. The world is expected to witness moderate market growth by the end of 2026 due to improving healthcare infrastructure and low adoption of new technologies in countries such as Brazil, Mexico, and others.
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Drivers
Aging Population, Increasing Incidence of Epilepsy and Other Chronic Diseases Supporting Serval Market Growth
Rise in the Aging population
Technological Advances
Restraints
High Cost
Challenges for Complexity and Integration
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Leading players are focusing on mergers and acquisitions and industrial synergy strategies to strengthen their product lines by offering new offerings. Companies are increasingly focusing on introducing innovative solutions, expanding their geographic reach through various strategies such as product launches, partnerships, product endorsements, and collaborations.
Top Player’s Company Profiles
Recent Developments
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These robots are designed to help individuals with disabilities or injuries regain mobility, improve motor function, and enhance overall quality of life Increasing numbers of chronic diseases and disabilities, aging populations increasing presence, and advancements in robotics technology drive this market. Also, government policies and funding for healthcare initiatives, and growing awareness of the benefits of robotic assisted cleaning the increase is driving a significant expansion of the market. New robotic solutions including exoskeletons, assistive robots, prostheses and orthotics to meet different rehabilitation needs in different age groups and medical conditions are characteristic of this market but challenges such as high initial costs, funding payment terms and regulatory barriers hinder market growth. Overall, the global rehabilitation robot market is poised for further expansion, driven by technological advancement, demographic trends, and increasing adoption of robotic cleaning assistants in healthcare in the processes of the cause.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 312.02 Million |
Market size value in 2032 | USD 1332.06 Million |
Growth Rate | 17.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Rehabilitation Robots Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Rehabilitation Robots Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Rehabilitation Robots Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Rehabilitation Robots Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45A2373
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