Growth of the Robotic Rehabilitation Market

Robotic Rehabilitation and Assistive Technologies Market Size 2033

Erika Tinkle March 16, 2023

5 3 minutes read

Elliott Rouse, Assistant Professor of Mechanical Engineering, runs tests on an open-source robotic leg with Dawn Jordan Musil in the G. G. Brown Building on May 28, 2019.rrThe project is provides a robust and relatively inexpensive system that can be easily manufactured, assembled, and controlled by other researchers, aiming to expand the research field and its knowledge base. rrPhoto: Joseph Xu/Michigan Engineering, Communications & Marketing

The surge in the adoption of long-term care facilities for the geriatric and rapidly growing elderly population is anticipated to promote the growth of the global robotic rehabilitation and assistive technologies market and help to attain a revenue of USD 6 Billion by 2033.

The recent market research analysis of “Robotic Rehabilitation and Assistive Technologies Market: Global Demand Analysis & Opportunity Outlook 2033” by Research Nester delivers an in-depth competitors analysis and a detailed overview of the global robotic rehabilitation and assistive technologies market in terms of market segmentation by type, application, portability, and by region over the forecast period, i.e., 2023-2033.

Market Analysis

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the global robotic rehabilitation and assistive technologies market. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market are poised to gain significant momentum in the next few years.

Robotic rehabilitation and assistive technologies market to find numerous growth opportunities on the back of rising prevalence of cardiovascular diseases

The global robotic rehabilitation and assistive technologies market is estimated to grow majorly on account of the increasing incidence of neuromotor and orthopedic disorders. The worldwide increase in the prevalence of neuromotor and orthopedic conditions such as cerebral palsy, rheumatoid arthritis, and spinal cord injuries. For instance, figures from the Centers for Disease Control and Prevention show that 58.5 million persons in the U.S. (23.7%), or 1 in 4, suffer from arthritis.

Industry Segmentation

The global robotic rehabilitation and assistive technologies market is segmented on the basis of portability into standalone and mobile segments. By the end of 2033, a sizable market share is predicted for the standalone segment. The increasing prevalence of disability and new technologies such as stereotactic technology are driving to boost the market. Around 195 Million people or 15% of the world’s population, age 15 and older have a disability or frequently required medical care and there are more than 1 Million impaired people worldwide. A few other factors anticipated to promote the segment’s growth is the system’s success in patient rehabilitation.

By region, the North American robotic rehabilitation and assistive technologies market is to generate the highest revenue by the end of 2033. This growth is anticipated by rising chronic disease prevalence rates, a rising elderly population, and a strong healthcare industry are predicted to drive the market in North America to hold a significant portion of the global market. For instance, the U.S. has more than 54 Million adults aged 65 and older, or around 16.5% of the population in 2022, according to the U.S. Census Bureau.

Regional Growth

The research is global in nature and covers detailed analysis on the robotic rehabilitation and assistive technologies market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia. UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa), In addition, analysis comprising of global robotic rehabilitation and assistive technologies market size, Y-O-Y growth & opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.

Top Key Players

This report also provides the existing competitive scenario of some of the key players in the global robotic rehabilitation and assistive technologies market which includes company profiling of ReWalk Robotics, AlterG, Inc., Bionik Laboratories Corp., Ekso Bionics, Vincent Medical, DIH Technologies Corporation (Hocoma), CYBERDYNE, INC., Kinova Inc., Rex Bionics Ltd., Instead Technologies, Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments.

On the whole, the report depicts a detailed overview of the global robotic rehabilitation and assistive technologies market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.