Global Medical Rehabilitation Robot Market Analysis and Forecast 2019-2028
$2,800.00 – $5,440.00
Rising Prevalence of Disabilities and Chronic Conditions Driving Need for Medical Rehabilitation Robots
The global medical rehabilitation robot market is expected to grow at a CAGR of around 12% during the forecast period of 2023-2028 and was valued at around US$ 324 million in 2022.
A medical rehabilitation robot, or a rehab robot, is a robotic device designed to assist in the rehabilitation process of individuals with disabilities or those recovering from injuries or surgeries. These robots are used in physical therapy and rehabilitation settings to provide patient assistance, support, and therapy.
Disabilities and chronic illnesses like stroke, spinal cord damage, Parkinson’s disease, and orthopedic issues are becoming more common. In order to help patients heal, rehabilitate, and enhance their functional capacities, medical rehabilitation robots offer therapeutic interventions and assistive gadgets.
Due to the sophisticated technologies and intricate engineering required for their development, medical rehabilitation robots are frequently pricey. Particularly in healthcare institutions with tight budgets, the exorbitant cost of these robots may prevent widespread deployment. Widespread adoption may face difficulties related to cost-effectiveness and reimbursement, particularly in areas with constrained financial resources.
Increasing Focus on Rehabilitation and Physical Therapy Driving Medical Rehabilitation Robots Demand
Physical therapy and rehabilitation are increasingly being recognized for their value in enhancing patient outcomes and quality of life. Medical rehabilitation robots provide controlled and dependable movements, reliable data collecting, and individualized treatment regimens to supplement conventional therapy methods. These machines can help therapists conduct focused and rigorous therapy, which will produce greater results.
Globally, governments and healthcare institutions are becoming more aware of the potential advantages of medical rehabilitation robots. They are launching legislation and funding schemes to assist these technologies’ study, creation, and acceptance. Government programs encourage partnerships between academic institutions, business leaders, and healthcare providers, stimulating the market. These are the major driving factors that are propelling the medical rehabilitation robot market.
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North America Significantly Drives Global Medical Rehabilitation Robot Market Growth
Medical rehabilitation robots have seen substantial market growth in North America, which is mostly due to the region’s developed healthcare infrastructure, technical improvements, and high healthcare spending. Due to its sizable patient population and significant investment in healthcare research and development, the US in particular plays a significant role in the global medical rehabilitation robot growth. A study that appeared in the “Journal of Neuro Engineering and Rehabilitation” revealed that between 2,49,000 and 3,63,000 Americans struggle with the effects of spinal cord injuries (SCI), and that 17,730 new SCI cases occur each year.
Europe will show significant growth in the global medical rehabilitation robot throughout the forecast period. The area is distinguished by a rising elderly population and encouraging government programs encouraging the adoption of cutting-edge medical technologies. In terms of market share, nations like Germany, the U.K., and France have been in the lead.
Market Structure and Competitive Landscape
The global medical rehabilitation robot market is fragmented in nature with the presence of various players operating in the market.
Some of the prominent players operating in the medical rehabilitation robot market include Ekso Bionics Holdings Inc., AlterG, Inc., Bionik Laboratories Corp., Cyberdyne Inc., ReWalk Robotics, Instead Technologies Ltd., Hocoma AG, Fourier Intelligence, Tyromotion Gmbh, Toyota Motor Corporation, BeatBots LLC, Bioxtreme, Rex Bionics Inc., LEADERS REHAB ROBOT Co. Ltd among others.
These players are majorly regional players and maintain a healthy competitive environment. Following are some of the expansions of the medical rehabilitation robot market:
- In November 2022: H Robots, launched new cooperation for a fast-expanding robotics manufacturing business specializing in cutting-edge rehabilitation solutions. Rehabmart (Medical Device Distributor) is now selling its FDA-approved physical therapy gadget reblessTM accessible on their website rehabmart.com.
Key Market Segmentation
RationalStat has segmented the global medical rehabilitation robot market based on product, extremity, therapy, patient, application, end user, and region.
- By Product
- Exoskeletons
- Therapeutic/Assistive
- By Extremity
- Upper Extremity
- Arm
- Wrist
- Shoulder
- Elbow
- Lower Extremity
- Upper 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
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Secondary Sources
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for manufacturers, raw material suppliers, third-party distributors, construction industry players, government organizations, research institutes, educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
Frequently Asked Questions (FAQs)
The global medical rehabilitation robot market is anticipated to grow at a CAGR of approximately 12% during the forecast period 2023-2028.
The global medical rehabilitation robot market is estimated at US$ 324 million in 2022.
Rising prevalence of disabilities and chronic conditions driving the need for medical rehabilitation robots.
North America holds the major share of the global medical rehabilitation robot market.
Leading Companies operating in the global medical rehabilitation robot market include Ekso Bionics Holdings Inc., AlterG, Inc., Bionik Laboratories Corp., Cyberdyne Inc., ReWalk Robotics, Instead Technologies Ltd., Hocoma AG, Fourier Intelligence, Tyromotion Gmbh, Toyota Motor Corporation, BeatBots LLC, Bioxtreme, Rex Bionics Inc., and LEADERS REHAB ROBOT Co. Ltd., etc.
| REGION | Global |
|---|---|
| RELEASE YEAR | 2023 |
| RESEARCH CODE | RST-SAR-2223 |
| ADDITIONAL FEATURE | 24×7 Post sales support and 15% free customization |
| User License | Single User/Team License, Corporate License |
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.1.1. Global Population Overview and Forecast
6.1.2. Per Capita Income by Select Countries
6.1.3. Consumer Spending on Medical Rehabilitation Robot Industry by Region
6.1.4. Consumer Spending on Healthcare Industry
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, and economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Raw Material Suppliers
6.3.2. Manufacturers
6.3.3. Distribution and Installation
6.3.4. Retailers and End Users
6.3.5. Service and Maintenance
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws and Industry Regulations
8. Impact of High Inflation on Market
9. Global and Regional Market Dynamics
9.1. Drivers
9.2. Restraints
9.3. Trends
9.4. Opportunities
10. Global Medical Rehabilitation Robot Market: Key Investment Analysis
10.1.By Key Companies
10.2.By Key Associations
10.3.By Region
10.4.M&A Activities
Robust assessment of major investments made by various industry players in the areas ranging from the application, key end users, etc.
11. Production Capacity by Region
11.1.North America
11.2.Latin America
11.3.Western Europe
11.4.Eastern Europe
11.5.Asia Pacific
11.6.Middle East & Africa
12. Penetration of Medical Rehabilitation Robot by Region
12.1.North America
12.2.Latin America
12.3.Western Europe
12.4.Eastern Europe
12.5.Asia Pacific
12.6.Middle East & Africa
13. Consumer Behavior Analysis
13.1.Consumer Trends and Preferences
13.2.Factors Affecting Buying Decision
13.3.Observations & Recommendations
13.4.Safety & Quality
14. Monthly Price Trend Analysis, 2019-2028
Robust assessment of monthly price trend analysis of various types of Medical Rehabilitation Robot that are commercialized in the marketplace
15. Monthly Sales Data by Region
Robust assessment of monthly sales data of various types of Medical Rehabilitation Robot that are commercialized in the marketplace
16. EXIM Analysis: Trade Data
16.1.Import Data by Value (US$ million) and Volume (‘000 Units)
16.1.1. Major Importing Countries
16.1.2. Key Importing Destinations
16.2.Export Data by Value (US$ million) and Volume (‘000 Units)
16.2.1. Major Exporting Countries
16.2.2. Key Exporting Destinations
17. Pricing Analysis
17.1.By Product
17.1.1. Exoskeletons
17.1.2. Therapeutic/Assistive
17.2.By Extremity
17.2.1. Upper Extremity
17.2.1.1. Arm
17.2.1.2. Wrist
17.2.1.3. Shoulder
17.2.1.4. Elbow
17.2.2. Lower Extremity
17.3.By Therapy
17.3.1. Limb Mobility
17.3.2. Gait
17.3.3. Sensory
17.4.By Patient
17.4.1. Adults
17.4.2. Pediatric
17.5.By Region
17.5.1. North America
17.5.2. Western Europe
17.5.3. Eastern Europe
17.5.4. Asia Pacific
17.5.5. Latin America
17.5.6. Middle East & Africa
18. Parent Market Overview
18.1.Global Medical Rehabilitation Robot Market by Value (US$ Million)
18.2.Global Medical Device Industry Market by Value (US$ Million)
18.3.Global Healthcare Market by Value (US$ Million)
19. Segmental Analysis
19.1.Global Medical Rehabilitation Robot Market by Product in Terms of Value (US$ Million) and Volume (‘000 Units)
19.1.1. Segment Overview
19.1.1.1. Exoskeletons
19.1.1.2. Therapeutic/Assistive
19.2.Global Medical Rehabilitation Robot Market by Extremity in Terms of Value (US$ Million) and Volume (‘000 Units)
19.2.1. Segment Overview
19.2.1.1. Upper Extremity
19.2.1.1.1. Arm
19.2.1.1.2. Wrist
19.2.1.1.3. Shoulder
19.2.1.1.4. Elbow
19.2.1.2. Lower Extremity
19.3.Global Medical Rehabilitation Robot Market by Therapy in Terms of Value (US$ Million) and Volume (‘000 Units)
19.3.1. Segment Overview
19.3.1.1. Limb Mobility
19.3.1.2. Gait
19.3.1.3. Sensory
19.4.Global Medical Rehabilitation Robot Market by Patient in Terms of Value (US$ Million) and Volume (‘000 Units)
19.4.1. Segment Overview
19.4.1.1. Adults
19.4.1.2. Pediatric
19.5.Global Medical Rehabilitation Robot Market by Application in Terms of Value (US$ Million) and Volume (‘000 Units)
19.5.1. Segment Overview
19.5.1.1. Neurorehabilitation
19.5.1.2. Physical Rehabilitation
19.5.1.3. Others
19.6.Global Medical Rehabilitation Robot Market by End User in Terms of Value (US$ Million) and Volume (‘000 Units)
19.6.1. Segment Overview
19.6.1.1. Hospitals
19.6.1.2. Wellness Centers
19.6.1.3. Rehabilitation Centers
19.6.1.4. Homecare
19.7.Global Medical Rehabilitation Robot Market by Region in Terms of Value (US$ Million) and Volume (‘000 Units)
19.7.1. North America
19.7.2. Latin America
19.7.3. Western Europe
19.7.4. Eastern Europe
19.7.5. Asia Pacific
19.7.6. Middle East & Africa
20. Regional Analysis
20.1.North America Medical Rehabilitation Robot Market Analysis and Forecast 2019-2028
20.1.1. Regional Market Overview and Key Takeaways
20.1.2. North America Medical Rehabilitation Robot Market by Product
20.1.3. North America Medical Rehabilitation Robot Market by End User
20.1.4. North America Medical Rehabilitation Robot Market by Therapy
20.1.5. North America Medical Rehabilitation Robot Market by Patient
20.1.6. North America Medical Rehabilitation Robot Market by Application
20.1.7. North America Medical Rehabilitation Robot Market by Extremity
20.1.8. North America Medical Rehabilitation Robot Market by Country
20.1.8.1. US
20.2.Latin America Medical Rehabilitation Robot Market Analysis and Forecast 2019-2028
20.2.1. Regional Market Overview and Key Takeaways
20.2.2. Latin America Medical Rehabilitation Robot Market by Product
20.2.3. Latin America Medical Rehabilitation Robot Market by End User
20.2.4. Latin America Medical Rehabilitation Robot Market by Therapy
20.2.5. Latin America Medical Rehabilitation Robot Market by Patient
20.2.6. Latin America Medical Rehabilitation Robot Market by Application
20.2.7. Latin America Medical Rehabilitation Robot Market by Extremity
20.2.8. Latin America Medical Rehabilitation Robot Market by Country
20.2.8.1. Brazil
20.2.8.2. Mexico
20.2.8.3. Rest of Latin America
20.3.Western Europe Medical Rehabilitation Robot Market Analysis and Forecast 2019-2028
20.3.1. Regional Market Overview and Key Takeaways
20.3.2. Western Europe Medical Rehabilitation Robot Market by Product
20.3.3. Western Europe Medical Rehabilitation Robot Market by End User
20.3.4. Western Europe Medical Rehabilitation Robot Market by Therapy
20.3.5. Western Europe Medical Rehabilitation Robot Market by Patient
20.3.6. Western Europe Medical Rehabilitation Robot Market by Application
20.3.7. Western Europe Medical Rehabilitation Robot Market by Extremity
20.3.8. Western Europe Medical Rehabilitation Robot Market by Country
20.3.8.1. Germany
20.3.8.2. UK
20.3.8.3. France
20.3.8.4. Spain
20.3.8.5. Italy
20.3.8.6. Benelux
20.3.8.7. Nordic
20.3.8.8. Rest of Western Europe
20.4.Eastern Europe Medical Rehabilitation Robot Market Analysis and Forecast 2019-2028
20.4.1. Regional Market Overview and Key Takeaways
20.4.2. Eastern Europe Medical Rehabilitation Robot Market by Product
20.4.3. Eastern Europe Medical Rehabilitation Robot Market by End User
20.4.4. Eastern Europe Medical Rehabilitation Robot Market by Therapy
20.4.5. Eastern Europe Medical Rehabilitation Robot Market by Patient
20.4.6. Eastern Europe Medical Rehabilitation Robot Market by Application
20.4.7. Eastern Europe Medical Rehabilitation Robot Market by Extremity
20.4.8. Eastern Europe Medical Rehabilitation Robot Market by Country
20.4.8.1. Russia
20.4.8.2. Poland
20.4.8.3. Rest of Eastern Europe
20.5.Asia Pacific Medical Rehabilitation Robot Market Analysis and Forecast 2019-2028
20.5.1. Regional Market Overview and Key Takeaways
20.5.2. Asia Pacific Medical Rehabilitation Robot Market by Product
20.5.3. Asia Pacific Medical Rehabilitation Robot Market by End User
20.5.4. Asia Pacific Medical Rehabilitation Robot Market by Therapy
20.5.5. Asia Pacific Medical Rehabilitation Robot Market by Patient
20.5.6. Asia Pacific Medical Rehabilitation Robot Market by Application
20.5.7. Asia Pacific Medical Rehabilitation Robot Market by Extremity
20.5.8. Asia Pacific Medical Rehabilitation Robot Market by Country
20.5.8.1. China
20.5.8.2. Japan
20.5.8.3. India
20.5.8.4. South Korea
20.5.8.5. Australia
20.5.8.6. ASEAN
20.5.8.7. Rest of Asia-Pacific
20.6.Middle East & Africa Medical Rehabilitation Robot Market Analysis and Forecast 2019-2028
20.6.1. Regional Market Overview and Key Takeaways
20.6.2. Middle East & Africa Medical Rehabilitation Robot Market by Product
20.6.3. Middle East & Africa Medical Rehabilitation Robot Market by End User
20.6.4. Middle East & Africa Medical Rehabilitation Robot Market by Therapy
20.6.5. Middle East & Africa Medical Rehabilitation Robot Market by Patient
20.6.6. Middle East & Africa Medical Rehabilitation Robot Market by Application
20.6.7. Middle East & Africa Medical Rehabilitation Robot Market by Extremity
20.6.8. Middle East & Africa Medical Rehabilitation Robot Market by Country
20.6.8.1. GCC
20.6.8.2. South Africa
20.6.8.3. Turkey
20.6.8.4. Rest of the Middle East & Africa
21. Competitive Landscape
21.1.Competition Dashboard
21.1.1. Market Share Analysis by Brands
21.1.1.1. Regional
21.1.1.2. Global
21.1.2. Market Structure by Geography
21.2.Competitive Benchmarking
21.3.Key Strategy Analysis
21.4.Company Profiles
21.4.1. Ekso Bionics Holdings Inc.
21.4.1.1. Company Overview
21.4.1.2. Product/Service Offerings
21.4.1.3. Key Financials
21.4.1.4. Recent Developments
21.4.2. AlterG Inc.
21.4.2.1. Company Overview
21.4.2.2. Product/Service Offerings
21.4.2.3. Financials
21.4.2.4. Recent Developments
21.4.3. Bionik Laboratories Corp.
21.4.3.1. Company Overview
21.4.3.2. Product/Service Offerings
21.4.3.3. Financials
21.4.3.4. Recent Developments
21.4.4. Cyberdyne Inc.
21.4.4.1. Company Overview
21.4.4.2. Product/Service Offerings
21.4.4.3. Financials
21.4.4.4. Recent Developments
21.4.5. ReWalk Robotics
21.4.5.1. Company Overview
21.4.5.2. Product/Service Offerings
21.4.5.3. Financials
21.4.5.4. Recent Developments
21.4.6. Instead Technologies Ltd.
21.4.6.1. Company Overview
21.4.6.2. Product/Service Offerings
21.4.6.3. Financials
21.4.6.4. Recent Developments
21.4.7. Hocoma AG
21.4.7.1. Company Overview
21.4.7.2. Product/Service Offerings
21.4.7.3. Financials
21.4.7.4. Recent Developments
21.4.8. Fourier Intelligence
21.4.8.1. Company Overview
21.4.8.2. Product/Service Offerings
21.4.8.3. Financials
21.4.8.4. Recent Developments
21.4.9. Tyromotion Gmbh
21.4.9.1. Company Overview
21.4.9.2. Product/Service Offerings
21.4.9.3. Financials
21.4.9.4. Recent Developments
21.4.10. Bioxtreme
21.4.10.1. Company Overview
21.4.10.2. Product/Service Offerings
21.4.10.3. Financials
21.4.10.4. Recent Developments
21.4.11. Rex Bionics Inc
21.4.11.1. Company Overview
21.4.11.2. Product/Service Offerings
21.4.11.3. Financials
21.4.11.4. Recent Developments
21.4.12. BeatBots LLC
21.4.12.1. Company Overview
21.4.12.2. Product/Service Offerings
21.4.12.3. Financials
21.4.12.4. Recent Developments
A comprehensive list of Medical Rehabilitation Robot brands/manufacturers will be provided along with geographical reach, employee count, revenue, product capacities, and their capabilities
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