The field of research devoted to enlarging rehabilitation through the deployment of robotic devices is called rehabilitation robotics. The resolution of rehabilitation is to repair some or all sensory, physical, and mental disabilities of patients caused by illness or injury. Robotic rehabilitation is prescribed for patients suffering from several types of injury, illness, or disease, including arthritis, cancer, amputations, cardiac disease, orthopedic injuries, neurological problems, stroke, spinal cord injuries, traumatic brain injuries, and others. Patients with severe paresis can be delivered with passive movement of the upper limb, through robotic rehabilitation. For patients with some movement capacity, robots can support the weight of the limb in contrast to gravity, owing to the physical interaction between the subject and the robot.
According to AMA, the market for Rehabilitation Robotics is expected to register a CAGR of 19.8% during the forecast period to 2027. This growth is primarily driven by Increase in Aging Population, Increase in Incidences of Orthopedic Disorders and Latest Technological Advancements.
Globally, a noticeable market trend is evident Rise in Number of Private Hospitals
. The Health Care Equipment sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as AlterG, Inc. (United States), Bionik Laboratories Corp. (Canada), Ekso Bionics (United States), Myomo (United States), Hocoma AG (Switzerland), Focal Meditech (Netherlands), Instead Technologies (Spain), Aretech (United States), MRISAR (United States) and Tyromotion (Austria) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On March 7, 2018, Bionik Laboratories Corp. a robotics company focused on providing rehabilitation and assistive technology solutions from hospital to home for individuals with neurological and mobility challenges, announced a distribution agreement for the sale of its InMotion Robotic Systems in South Korea with Curexo. Due to this agreement, Bionik also going to become the exclusive distributor of Curexo's Morning Walk lower body rehabilitation technology within the United States.
A burdensome and sluggish regulatory sanctioning process by governmental agencies such as the U.S. Food and Drug Administration (FDA) slow the granting of approvals required to enter commercial production.
- Increase in Aging Population
- Increase in Incidences of Orthopedic Disorders
- Latest Technological Advancements
- Rise in Number of Private Hospitals
- Increase in R&D Activities
Emerging Demand from Economies
High Cost of Rehabilitation Robots and Stringent Regulations Regarding Exoskeletons
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Rehabilitation Robotics Study Sheds Light on
The Rehabilitation Robotics Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Rehabilitation Robotics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Rehabilitation Robotics industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.