Research Nester published a report titled “Rehabilitation Robots Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global rehabilitation robots market in terms of market segmentation by type, patient type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global rehabilitation robots market is anticipated to reach a CAGR of ~26% over the forecast period, i.e., 2022-2031. The growing installation of robots in the healthcare sector is estimated to drive market growth. Rehabilitation robots are used for the treatment of various physical and mental disorders, especially diseases which require prolonged treatment. Hence, the growing application of robotics in the medical sector is projected to offer a high potential for growth in the global rehabilitation robots market. Additionally, the global population was exposed to the COVID-19 pandemic, resulting in increased dependence on robots, AI, and other advanced technologies. This is also estimated to boost the market growth.
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The global rehabilitation robots market is segmented by end-user into hospitals, nursing homes, orphanages, and others. Out of these, the hospital segment is estimated to garner a larger share during the forecast period, owing to a higher patient pool and 24-hour availability of required rehabilitation services.
The global rehabilitation robots market is segmented by region into the Asia Pacific, North America, Europe, Latin America, the Middle East and Africa, out of which the market in North America region is estimated to gain noteworthy growth over the forecast period, owing to excessive deployment of robotics technologies, along with the intense demand for robots across various industries, especially in the healthcare industry.
The research is global in nature and covers detailed analysis on the 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 Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Growth in Aging Population with Mental and Physical Disorders to Foster the Market Growth
World Bank promulgated a report in 2020 that 723.184 million global populations were aged 65 years and above.
A large population, especially the geriatric population, is diagnosed with mental disorders and is in need of constant medical attention, which can be easily provided through rehabilitation robots. The modern generation tends to rely on technology and the manufacturers of robotics technology are constantly developing such enhanced robots. All such factors are estimated to boost the market growth.
However, the high-priced development and production of rehabilitation robots is expected to operate as a key restraint to the growth of the global rehabilitation robots market over the forecast period.
This report also provides the existing competitive scenario of some of the key players in the global rehabilitation robots market which includes company profiling of Hocoma AG, MAN&TEL Co., Ltd., CYBERDYNE Inc., Myomo Inc., ReWalk Robotics Ltd., Reha Technology AG, Motek Medical B.V., Ekso Bionics Holdings, Inc., BIONIK Laboratory Corp., and ABILITY Network Inc. 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 rehabilitation robots market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.