Medical Rehabilitation Robotics Market Size Analysis With Concentrate On Key Drivers, Trends & Challenges 2023 to 2033
The global Medical Rehabilitation Robotics Market is worth US$ 428.9 Million as of now and is expected to reach US$ 1.76 Billion by the year 2033 at a dazzling CAGR of 15.2% between 2023 and 2033.
The WHO states that the year 2021 witnessed 1.71 Billion people suffering
from musculoskeletal disorders. The figure certainly calls for utilization of
rehabilitation robots as the devices do aid physically challenged or
differently abled patients in balancing, standing up, and maintaining gait.
Sample of Research Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-14242
Medical rehabilitation robotics have innumerable benefits – like they do
offer an opportunity to that contracting spinal cord injury to stand and walk at
a lower metabolic cost. The market is also home to several technological
advancements, like incorporating ML and AI with several advanced sensors.
Exploding geriatric population is another factor contributing to the growth of
medical rehabilitation robotics market.
Along the above-mentioned lines, PARO comes across as companion robot
that has been specially designed for those suffering from Alzheimer’s,
dementia, and various other cognition disorders. Dr. Takanori Shibata from
Japan’s National Institute of Advanced Industrial Science and Technology has
come up with this assistive robot for helping those with disabilities fulfil
daily activities like eating and walking.
Robotic lower-body exoskeleton is being used to assist the ones with
paralysis of the lower limbs and does encourage muscle activity therein.
Future Market Insights has walked through these facts with future
perspectives in its latest market study entitled ‘Medical Rehabilitation
Robotics Market’ with its team of analysts and consultants deploying a
360-degree view in its primary, secondary, and tertiary modes of research.
“With Spike in cases of stroke, the global medical rehabilitation
robotics market is expected to go great guns in the near future”, says an
analyst from Future Market Insights.
Key Takeaways from Medical Rehabilitation Robotics Market
- North America
holds more than 40% of the market share due to growing incidences of
spinal cord injury followed by rising aging and disabled population.
- Europe holds a
significant market share with Germany leading from the front with Spain,
Denmark, and the UK leading from the front.
- The
Asia-Pacific is expected to grow at a rapid pace in the medical
rehabilitation robotics market with countries like Japan obtaining the
status of ‘super-aging society’.
Competitive Robotics
- Ekso Bionics
Holdings, Inc. received approval from the US FDA for marketing the EksoNR
robotic exoskeleton for usage with patients suffering from MS (Multiple
Sclerosis).
- Tyromotion, of
late, completed acquisition of yband therapy AG (a Swiss-based start-up)
for encouraging patients’ ownership of recovery with cutting-edge movement
trackers.
- Bionik
Laboratories Corporation, in January 2019, did launch InMotion ARM/HAND
robotic system to clinically rehabilitate stroke survivors and the ones
having mobility impairments owing to neurological conditions. The enhanced
robotic system has been developed according to principles of motor
learning as well as neuro-plasticity and makes use of AI and data analysis
for offering individualized therapy to the patients.
- ReWalk
Robotics, Inc., in June 2019, did announce that the US FDA approved the
ReStore soft exo-suit system for selling to the rehabilitation centers all
over the US.
- Cyberdyne Inc.,
in January 2018, obtained approval from the US FDA to sell HAL (Hybrid
Assistive Limb) lower-body exoskeleton in the licensed medical facilities
all over the US.
- Stryker
Corporation, in the year 2020, did receive regulatory approval for MAKO
robotic surgery system in Japan for partial knee indication.
- Accuray, in
2020, did launch CyberKnife S7 System, which comes across as a
next-generation CyberKnife platform with real-time, advanced, AI-driven
motion tracking as well as synchronization treatment delivery for SBRT
(stereotactic body radiation therapy) and SRS (stereotactic radiosurgery).
- Medtronic, in
2020, completed acquisition of Medicrea through AI, patient specific
implants, and predictive modeling.
- Intuitive
Surgical, in 2019, did receive clearance from the US FDA regarding da
Vinci Single-port Surgical System.
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Key Market Players:
- Ekso Bionics
Holdings Inc.
- AlterG Inc.
- Bionik
Laboratories Corp.
- Cyberdyne Inc.
- Rewalk
Robotics.
- Instead
Technoligies Ltd.
- Hocoma AG.
- Fourier
Intelligene
- Tyromotion Gmbh
- Toyota Motor
Corporation
- BeatBots LLC
- Bioxtreme
- Rex Bionics
Inc.
- LEADERS REHAB
ROBOT Co. Ltd.
Key Segments Covered in Medical Rehabilitation Robotics Industry Research
By Product:
- Exoskeletons
- Therapeutic/
Assistive
By Extremity:
- Upper Extremity
- Arm
- Wrist
- Shoulder
- Elbow
- Lower Extremity
By Therapy:
- Limb Mobility
- Gait
- Sensory
By Patient:
- Adults
- Pediatric
By Application:
- Neurorehabilitation
- Physical
Rehabilitation
- Others
By End user:
- Hospitals
- Wellness
centers
- Rehabilitation
centers
- Homecare
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