The Global Assistive & Rehabilitation Robotic Systems Market is estimated to reach USD 3.3 Bn by 2027, growing at a CAGR of 12.5% over the forecast period.
In coming years, the assistive & rehabilitation robotic systems market is likely to develop due to continuous technology advancements that targeted at offering better tools to therapists for improved patient care. For instance, in 2019, the Ekso Bionics released EksoNR, in the Asia Pacific, North America and Europe, which is robotic exoskeleton built for neurorehabilitation. The wearable exoskeletons are growing rapidly as ground-breaking devices for gait rehabilitation due to the active participation of the user, which encourages physical activity and the potential for usage as a community assistive technology.
The couple of assistive robotic devices have received FDA approval and/or the CE mark and are commercially available, while others are still in the process. Patients and healthcare practitioners benefit from the usage of Automated Mechanical Devices (ADM) since it allows them to avoid skin grafting operations and collect tissues from their own bodies. These is the propelling factor for the growth of the assistive & rehabilitation robotic systems market.
Furthermore, the matrices contain a variety of shapes, sizes, and thicknesses to fit the needs of the patients. Moreover, rise in adoption of rehabilitation robots at hospitals and rehabilitation centres for the implant’s reconstruction procedures that propel the growth of assistive & rehabilitation robotic systems market. For instance, according to a statistical survey conducted by Cambridge University Medical School and published in the Journal of Plastic, Reconstructive & Aesthetic Surgery (2018), the implants reconstruction procedures increase from 16 percent to 52 percent in the last decade. The rising prevalence of accidents and spinal cord injuries is the another driving factor to influence the assistive & rehabilitation robotic systems market. For instance, according to World Health Organization (WHO), every year, between 250,000 and 500,000 persons suffer a spinal cord injury (SCI) around the world.
Global Assistive & Rehabilitation Robotic Systems Market, by Region Outlook (Revenue, USD Billion, 2021-2027)
In terms of geography, the Asia Pacific witness the fastest growth in the assistive & rehabilitation robotic systems market due to increasing number of geriatric populations in Asia Pacific including Japan and China. This drives the medical technology expansion, providing a major market for assistive & rehabilitation robots in the Asia Pacific. For instance, according to Japan's Ministry of Internal Affairs and Communications, roughly 35.2 million people were 65 year’s old and above in 2017 while in 2020, this number is expected to rise to 36.2 million. This encourages businesses to invest in products for the region's senior citizens.
During the forecast period, the global assistive & rehabilitation robotic systems market in APAC is predicted to develop at the fastest rate. The shortage of qualified care professionals for rehabilitation, combined with the growing geriatric population, is likely to boost the market in APAC. With an increase in the number of old people and a lack of caregivers, the market for assistive & rehabilitation robotic systems in this region is expected to grow rapidly in the near future. During the forecast period, Japan is predicted to hold the largest market share in the assistive robot’s industry, while China's market is expected to rise at the fastest CAGR.
The Global Assistive & Rehabilitation Robotic Systems Market Segmentation:
Global Assistive & Rehabilitation Robotic Systems Market, by Product Outlook (Revenue, USD Billion, 2021-2027)
Global Assistive & Rehabilitation Robotic Systems Market, by Portability Outlook (Revenue, USD Billion, 2021-2027)
Global Assistive & Rehabilitation Robotic Systems Market, by Application Outlook (Revenue, USD Billion, 2021-2027)
Key Findings:
Company Profiles and Competitive Intelligence
The key players operating in the assistive & rehabilitation robotic systems market are:
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