Global Medical Rehabilitation Robotics Market Analysis and Forecast 2019-2028

Market Introduction: Key Takeaways

The global medical rehabilitation robotics market is expected to grow at a CAGR of 18.2% during the forecast period of 2023-2028. Medical rehabilitation robotics refers to the use of robotic technology in the rehabilitation of patients with physical disabilities or impairments.

Market Drivers and Trend Analysis

The growth of the global medical rehabilitation robotics market is driven by several factors, including the increasing prevalence of chronic diseases and disabilities, the growing geriatric population, technological advancements in robotics, and the need for efficient and effective rehabilitation therapies. Additionally, the rising demand for minimally invasive and non-invasive rehabilitation approaches and the increasing adoption of robotic-assisted surgeries are also contributing to the growth of the market.

The report identifies several key applications of medical rehabilitation robotics, including neurorehabilitation, orthopedic rehabilitation, cognitive rehabilitation, and others. Among these, neurorehabilitation is expected to be the largest segment of the global medical rehabilitation robotics market, owing to the rising incidence of neurological disorders such as stroke and spinal cord injuries.

Key Segmental Analysis

Based on application type, the neurorehabilitation segment is expected to be the largest application segment of the global medical rehabilitation robotics market. It includes rehabilitation robotics used in the treatment of neurological disorders such as stroke, spinal cord injuries, and traumatic brain injuries. The increasing prevalence of neurological disorders and the need for effective rehabilitation therapies are driving the growth of this segment.

Global and Regional Market Analysis – Based on Market Intelligence 

Regionally, North America is expected to be the largest market for medical rehabilitation robotics, primarily driven by the well-established healthcare infrastructure, high adoption of advanced technologies, and the presence of major market players in the region. Europe is also expected to witness significant growth in the market due to the increasing focus on rehabilitation robotics and favorable government initiatives to promote healthcare technologies.

Competition Overview: Market Structure and Leading Players

The global medical rehabilitation robotics market is highly competitive, with key players focusing on product innovation, expanding their distribution channels, and strategic partnerships to gain a competitive edge.

Some of the key market players operating in the global medical rehabilitation robotics market, as identified in the market report, include Ekso Bionics Holdings Inc., Intuitive Surgical Inc., Bionik Laboratories Corp., ReWalk Robotics Ltd., and Medtronic Plc, among others.

Key Market Segmentation: Global Medical Rehabilitation Robotics Market

Rationalstat has segmented the global medical rehabilitation robotics market on the basis of application, region, end user.

• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Chile
    • Peru
    • Argentina
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic Countries
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Hungary
    • Czech Republic
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN (Indonesia, Vietnam, Thailand, Philippines, Malaysia, etc.)
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Turkey
    • Egypt
    • Sub-saharan
    • Rest of the Middle East & Africa

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.

Primary Intelligence

• RationalStat utilizes surveys, questionnaires, focus groups, and one-to-one interviews with CXOs, industry partners, trade bodies, association members, ex-employees, and industry professionals to collect insights and quantitative/qualitative data specific to client needs. RationalStat quickly gets to the ‘why’ behind the ‘what’ demonstrated by secondary data.
• RationalStat takes a unique approach to arrive at market conclusions and actionable insights for clients.
• We have the technology and strong in-house resource pool with extensive experience in the global and regional markets, across a wide variety of categories and stakeholders.
• Strong language proficiency and capability with coverage across more than 70 language areas.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid databases 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 service providers, manufacturers, industry stakeholders, government organizations, marketing departments, R&D professionals, insurance 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.