Report ID: SQMIG45A2373
Report ID:
SQMIG45A2373 |
Region:
Global |
Published Date: November, 2024
Pages:
197
|
Tables:
100 |
Figures:
71
Global Rehabilitation Robots Market size was valued at USD 265.55 Million in 2022 and is poised to grow from USD 312.02 Million in 2023 to USD 1133.67 Million by 2031, growing at a CAGR of 17.5% in the forecast period (2024-2031).
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.
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Report ID: SQMIG45A2373