Global Rehabilitation Robots Market: Growth, Trends, and Forecast (2020-2025)

DUBLIN, Feb. 4, 2020 /PRNewswire/ -- The "Rehabilitation Robots Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

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The Rehabilitation Robots market is expected to register a CAGR of 25.8% over the forecast period (2020-2025).

Many people suffer from injuries that require long-term medical rehabilitation every year. The rehabilitation process is complex, with psychological and physical dimensions, and outcomes are difficult to guarantee. Thus, these robots are being developed to help people with various medical conditions on their road to recovery.

The increasing aging population and a growing number of stroke rendering people immobile are among the significant factors driving the demand from the rehabilitation robots market. Research into rehabilitation robotics is proliferating, and the number of therapeutic rehabilitation robots is also expected to expand over the forecast period. Robot rehabilitation therapy can deliver high-intensity training, thus, making it useful for patients with motor disorders caused by spinal cord disease or stroke.

As per the International Federation of Robotics, the sales of assistance robots for the elderly and disabled communities will total around 37,500 units in 2016-2019 and is expected to increase substantially over the forecast period. Companies such as Toyota are investing in developing rehabilitation robots to assist the elderly population by enabling them to live independently and to provide support for their care-givers.

Numerous hospitals have started using robotics within their rehabilitation centers. For instance, Kindred Hospital Rehabilitation Services installed Bionik Laboratories' InMotion Arm robotic system in its inpatient rehabilitation hospitals throughout the United States.

Currently, the main concern for the implementation of the rehabilitation robots in any medical center is usually the cost. However, with the depreciating prices of such devices, it is not long until robot-assisted rehabilitation will become mainstream in healthcare.

Key Market Trends

Exoskeleton Robots are Expected to Hold the Major Share

    --  Exoskeletons are designed to accelerate human strength and other
        abilities for medical purposes. An increasing number of patients with
        body movements disorders such as Parkinson's disease, strokes, etc. are
        the prime factors accelerating the exoskeleton demand as these diseases
        limit voluntary body movements and create problems in daily routine
        activities.
    --  Robotic exoskeletons are emerging as a rehabilitation tool to improve
        various health-related consequences after spinal cord injury. For
        instance, ReWalk is the first exoskeleton that recieved FDA clearance
        for rehabilitation use in the United States. This robotic exoskeleton
        enables individuals with spinal cord injury to stand upright, walk,
        turn, and climb.
    --  Moreover, with the ongoing technological advancements to ensure
        therapists have access to better tools to deliver superior patient care
        are anticipated to drive the demand of the market. For instance, in
        2019, Ekso Bionics launched EksoNR, a robotic exoskeleton for
        neurorehabilitation purposes. EksoNR empowers patients recovering from a
        stroke or other conditions to walk again with a natural gait. It is
        equipped with EksoView, a touchscreen controller that lets therapists
        adapt assistance to challenge patients by using real-time feedback and
        perform outcome measures during use.

Asia-Pacific Expected to Experience Rapid Growth

    --  The aging societies of the Asia-Pacific, such as Japan and China, are
        driving growth in the medical technology sector, thus, creating a huge
        market for rehabilitation robots in the region. According to the
        Ministry of Internal Affairs and Communications (Japan), in 2017, around
        35.2 million inhabitants were aged 65 or older. This number was
        projected to grow to 36.2 million in 2020. This is encouraging companies
        to invest in products for the elderly in the region.
    --  Stroke is one of the leading causes of adult disabilities in China.
        This, in turn, has resulted in a rising awareness concerning
        robot-assisted treatments, driving investments in this technology. In
        2018, Avicrobot (a subsidiary of the Aviation Industry Corporation of
        China) developed a lower-limb rehabilitative robot. The company also
        collaborated with Xijing Hospital (China) to develop the robot. They
        cooperatively launched a rehabilitative robot research center to provide
        data support for such robots.
    --  Similarly, other countries in the region are also adopting robotic
        devices to provide better treatment for the patients. For instance, in
        2018, New Life Rehab Hospital (India) adopted robotic rehabilitation for
        Neuro, Ortho and Geriatric patients. They are using robotic devices that
        are attached to the patient to help them move their limbs in a natural
        manner.

Competitive Landscape

The rehabilitation robot market is competitive and consists of several players. The entire market is not dominated by any particular company. The market has also attracted many startups that are working closely to design these robot technologies to increase their market presence.

Industry Developments

    --  January 2019 - Bionik Laboratories Corporation launched InMotion
        ARM/HAND robotic system for clinical rehabilitation of stroke survivors
        and for people with mobility impairments due to neurological conditions.
        The improved robotic system is developed as per the principals of motor
        learning and neuro-plasticity and utilizes artificial intelligence and
        data analysis to offer individualized therapy to patients.

Key Topics Covered

1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitute Products

5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Aging Population
5.1.2 Prevalence of Medical Conditions, such as Spinal Cord Injuries, Stroke, Parkinson's Disease, and Cerebral Palsy
5.2 Market Restraints
5.2.1 High Cost of the Devices

6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Exoskeleton Robots
6.1.2 Assistant and Therapeutic Robots
6.2 By Geography
6.2.1 North America
6.2.2 Europe
6.2.3 Asia-Pacific
6.2.4 Rest of the World

7. KEY VENDOR PROFILES
7.1 Bionik Laboratories Corporation
7.2 Cyberdyne Inc.
7.3 Ekso Bionics Holdings Inc.
7.4 ReWalk Robotics Ltd.
7.5 Hocoma AG (DIH International Ltd.)
7.6 Rehab-Robotics Company Limited
7.7 Kinova Inc.
7.8 Rex Bionics Ltd.
7.9 Toyota Motor Corporation.
7.10 Aitreat
7.11 Gogoa Mobility Robots SL
7.12 Indego (Parker Hannifin)
7.13 Robots Care Systems B.V.

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/m325ae

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