Press Release

Rehabilitation Robots to Witness Huge Demand Owing to Exceptional Properties and Applications Across Diverse Domains

Rehabilitation Robots Market by Top Players are CYBERDYNE INC., Ekso Bionics, BIONIK, ReWalk Robotics, Rex Bionics Ltd., Corindus, Inc., Hocoma, Bioxtreme

Rehabilitation Robots MarketThe 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.

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Some of the leading companies that are operating in the global market are:

  • Ekso Bionics
  • ReWalk Robotics
  • Rex Bionics Ltd.
  • Corindus, Inc.
  • Hocoma

Increasing Reimbursement Policies to Favor Growth of the Market in North America

The increasing health reimbursement policies will favor the adoption of rehabilitation robots. Incorporation of advanced technologies, combined with the growing investment in developing these products, will aid the growth of the market in North America. Additionally, the high prevalence of physical disorders and diseases affecting physical movements will aid the growth of the rehabilitation market in North America. Despite North America’s dominance, Asia Pacific is likely to register a high CAGR in the coming years owing to the increased awareness regarding the adverse effects of diseases such as Alzheimer’s and dementia.

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Key Segmentation of Rehabilitation Robots Market:

By Type

  • Therapeutic Robots
  • Exoskeleton Robots
  • Assistive Robots

By End User

  • Rehabilitation Centers
  • Hospitals
  • Others

By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Rest of World

Huge Investments Have Paved the Way for Innovations; Subsequently Aiding Market Growth

The increasing investment towards the research and development of rehabilitation robots has emerged in favor of market growth. Increased overall investment has enabled diverse applications and the flexibility in product applications will bode well for the market. In 2019, Bionik Inc. launched a new product aimed at treatment and assisting stroke survivors. The company announced the launch of Next Generation In-Motion Arm/Hand Robotic System at the American Physical Therapy Association Combined Sections Meeting. Bionik’s latest product will help the company generate a substantial rehabilitation market revenue. In 2016, Apollo launched India’s first rehabilitation hospital inclusive of latest industry products and advanced technology. The report highlights key innovations that have graced the market in recent times and gauges the impact of these products on the global market.

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Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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