The global rehabilitation robots market will benefit from the increasing investment through government as well as private organizations towards the research and development of precise robots. According to a report by Fortune Business Insights, titled “Rehabilitation Robots Market Size, Share and Industry Analysis by Type (Therapeutic Robots, Exoskeleton Robots, Assistive Robots, Others), By End User (Rehabilitation Centers, Hospitals, Others), and Regional Forecast 2019-2026,” the market was valued at USD 529.8 Million in 2018 and is Projected to Reach USD 2,617.3 Million by 2026 exhibiting a CAGR of 22.1% between 2019 and 2026.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/rehabilitation-robots-market-101013
Some of the leading companies that are operating in the global market are:
- CYBERDYNE INC.
- Ekso Bionics
- ReWalk Robotics
- Rex Bionics Ltd.
- Corindus, Inc.
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Rehabilitation robots are used to assist and enhance bodily functions of physically disabled people or people with impaired functioning. The advancements in the design of these products have fuelled the demand for the product across the world. Technology has played a major role in the advancements in these robots. Incorporation of technologies such as the internet of things (IoT) and artificial intelligence have created the potential for improved efficacies and precise operations.
Variations in rehabilitation robots have enabled flexibility in product applications. These devices help people recover from physical trauma and enhance the recovery process by aiding movements and other functions. Since their inception back in the 1900s, these robots have witnessed massive advances owing to huge investments in development of the product. The growing prevalence of several diseases such as Parkinson’s disease, cerebral palsy, and multiple cirrhosis will fuel the demand for rehabilitation robots across the world.
Additionally, the high prevalence of spinal cord injuries will add to the growing demand for these products. The report highlights key factors associated with the rehabilitation robots market and provides forecast values for the market through extensive research methods.
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