The global medical rehabilitation robotics market is forecasted to expand at 15.2% CAGR to reach a market valuation of USD 1.76 Billion by the end of 2033, up from USD 366.2 Million that was recorded for 2022.
The pediatric rehabilitation robotics is an emerging market. The expansion of rehabilitation services for patients with autism and cerebral palsy to accelerate the market
Report Attribute | Details |
---|---|
Medical Rehabilitation Robotics Market Size (2023) | USD 428.9 Million |
Forecasted Market Value (2033) | USD 1.76 Billion |
Value CAGR (2023 to 2033) | 15.2% |
Collective Value Share: Top 5 Countries (2022) | 66.4% |
Key Market Players | 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. |
One of the most desirable and successful applications of the robot in healthcare appears to be rehabilitation. The four steps of a normal rehabilitation session are identifying the patient's condition, defining the rehabilitation goals, organizing and carrying out the treatments, and finally assessing the results.
Robots have the ability to transform and improve this sector by lowering the physical therapist’s burden, allowing less supervision by therapists, and offering more precise tracking of patient development throughout the sessions.
Rehabilitation robotics is designed to support the motion of various sensorimotor functions for mechanical actions including arm, leg, and ankle. These tools aid in accelerating the healing of patients who are dealing with mobility disorders combined with physically weakened bodies.
According to this new medical rehabilitation robotics market survey report by Future Market Insights, the global market has huge growth potential owing to the increased the efficiency of and accessibility to rehabilitation therapy.
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The market for medical rehabilitation robotics expanded at a CAGR of 39.5% during the historic period (2017 to 2022) and reached a market value of USD 366.2 Million in 2022.
The need for robotic rehabilitation in healthcare is being driven by an increase in the population of people with physical disabilities and a decrease in the number of nurses who are available. The World Health Organization estimates that 15 Million people experience a stroke each year. A third of these individuals continue to experience some form of functional disability, making it challenging for them to regain independence in daily life tasks. As such, incidences are increasing; the demand for the medical rehabilitation robotics is rising.
With advances in materials, increased reliability, control software, and the reduction of sensor and actuator size, automated robotics applications are expected to grow. This will enable design and modeling using mechatronics technology to enhance the health of individuals with disabilities.
The global market is predicted to grow stably, to its current size by the end of 2033.
Market Statistics | Details |
---|---|
Jan - Jun (H1), 2021 (A) | 14.85% |
Jul - Dec (H2), 2021 (A) | 21.06% |
Jan - Jun (H1),2022 Projected (P) | 14.71% |
Jan - Jun (H1),2022 Outlook (O) | 15.53% |
Jul - Dec (H2), 2022 Outlook (O) | 19.69% |
Jul - Dec (H2), 2022 Projected (P) | 18.35% |
Jan - Jun (H1), 2023 Projected (P) | 15.49% |
BPS Change : H1,2022 (O) - H1,2022 (P) | 82↑ |
BPS Change : H1,2022 (O) - H1,2021 (A) | 68↑ |
BPS Change: H2, 2022 (O) - H2, 2022 (P) | 134 ↑ |
BPS Change: H2, 2022 (O) - H2, 2021 (A) | (-)138↓ |
Lack of awareness and adoption of rehabilitation facilities
Although the concept of rehabilitation is commonly understood in industrialized economies, it is not widely acknowledged or used in emerging economies. Many patients in developing nations with low and intermediate income levels lack access to rehabilitation services.
Less than 10 skilled practitioners per Million people work in the field of rehabilitation, which is an obstacle to the market's expansion.
Robotics used for rehabilitation services demand significant financial investments, and depending on the type of rehabilitation, their routine maintenance and operations might be rather expensive. Therefore, it is anticipated that the high price of rehabilitation robots will restrain the market's expansion in developing regions.
Patient trust is one of the main barriers to the use of robotics in rehabilitation. For instance, according to a survey conducted by the World Economic Forum, one-third of patients stated they would not trust a robot to regularly clean their teeth. 2/3 of people said they would not trust a robot to perform more complex treatments like root canals.
Robotic rehabilitation for children with physical disabilities could fulfill children’s needs and inspire researchers to develop new devices. Investment in research and development by the leading manufacturers to gain a competitive edge
Most of robotic rehabilitation devices currently available are made for adult patients, whose needs are different from those of pediatric patients. Due to inadequate consideration of pediatric patients' demands, this restricts the gadgets' potential. Research and development of robotic rehabilitation that can meet needs may provide profitable market opportunities.
Whether through collaboration or research contracts with reputable research institutions, leading manufacturers are investing in research initiatives to gain a competitive edge.
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Country | The United Stated |
---|---|
Market Share (2023) | 44.6% |
Market Share (2033) | 38.7% |
BPS Analysis | -590 |
Country | The United Kingdom |
---|---|
Market Share (2023) | 7.1% |
Market Share (2033) | 5.8% |
BPS Analysis | -130 |
Country | Germany |
---|---|
Market Share (2023) | 5.7% |
Market Share (2033) | 4.9% |
BPS Analysis | -81 |
Country | Canada |
---|---|
Market Share (2023) | 4.8% |
Market Share (2033) | 3.4% |
BPS Analysis | -143 |
Country | China |
---|---|
Market Share (2023) | 4.5% |
Market Share (2033) | 5.6% |
BPS Analysis | 111 |
The United States is set to hold a share of around 44.6% of the global market in 2023.
People with physical limitations in the area are the drivers driving sales in the medical rehabilitation robots market. For instance, a research in the Journal of Neuro-Engineering and Rehabilitation found that between 249,000 and 363,000 people in the United States have difficulties brought on by spinal cord injuries (SCI) and that 17,730 people suffer a new SCI every year.
Germany is set to hold a share of 5.7% of the global market in 2023.
The region's growing need for medical rehabilitation robots is due to the development of the healthcare sectors. Germany, along with the United Kingdom, Denmark, and Spain, is listed in the TOP-10 of "Countries with the Best Health Care Systems in Europe" according to CEOWorld Magazine.
Japan is set to hold a share of 3.1% of the global market in 2023.
With more than 6,020,000 dementia patients, Japan has already reached the status of a "super-aging society," and with the aid of geriatric rehabilitation procedures, many elderly people with disabilities can live peacefully in their communities. As a result, there is a growing need for medical rehabilitation robotics.
Therapeutics/ assistive products are expected to hold a market share of 74.5% in 2023. The capacity of these devices to help patients move around while gathering sensory data that is processed and customized for patient’s usage to speed up healing is credited with the growth.
The upper extremity segment is predicted to account for 59.0% of the overall market share in the field of extremity during the year 2023. The development of automated robotic assistive devices for patients with impairments and cognitive inequalities is expected to increase as medical prosthesis sales rise.
The limb mobility therapy segment is projected to account for 60.7% of the total market share in the year 2023. The development of structured robotic exoskeleton systems for reducing labor-intensive tasks is expected to boost sales.
The adults are projected to contribute 87.5% revenue share to the global market. This is because older persons with high fall risk were much more likely to report using rehabilitation services than those with low and moderate fall risk. According to a study in NCBI, among older adults, falls are the most common cause of injury, morbidity, and functional impairment. An annual fall affects the health of the public in a substantial way for 30% of persons 65 and over.
The Neurorehabilitation segments predicted to hold more than half of the global value share in 2023. Growing prevalence of neurodegenerative diseases is leading to various behavioral and cognitive function disorders, which in turn boosting the application of rehabilitation robotics for Neurorehabilitation.
Sales in rehabilitation centers accounted for 47.6% of the total market share in 2022 and it is expected to have dominance in the forecast period. Sales in this sector are being driven by growing awareness of rehabilitation treatments that address both the physical and mental components of the disease.
The need for rehabilitation is expected to grow globally due to changes in population health and features, according to the WHO (world health organization). For example, people are living longer, but with more chronic disease and disability.
The market for medical rehabilitation robotics is competitive and has several established companies. Due to the advanced technology acceptance by the patients and the product approvals by the federal agencies of the Department of Health and Human Services, are allowing to compete efficiently. The key market players are promoting the robotic care devices for overseas.
Recent Market Developments
Similarly, recent developments have been tracked by the team at Future Market Insights related to companies in the medical rehabilitation robotics space, which are available in the full report
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2017 to 2022 |
Market Analysis | USD Million for Value, Units for Volume |
Key Regions Covered | North America, Latin America, Europe, Asia-Pacific excluding Japan, and the Middle East and Africa |
Key Countries Covered | The USA, Canada, Brazil, Mexico, Argentina, United Kingdom, Germany, Italy, Russia, Spain, France, BENELUX, India, Thailand, Indonesia, Malaysia, Japan, China, South Korea, Australia, New Zealand, Türkiye, GCC Countries, North Africa, and South Africa |
Key Market Segments Covered | Product, Extremity, Therapy, Patient, Application, End User and Region |
Key Companies Profiled | Ekso Bionics Holdings Inc.; AlterG Inc.; Bionik Laboratories Corp.; Cyberdyne Inc.; Rewalk Robotics.; Instead Technoligies Ltd.; Hocoma AG.; Fourier Intelligene; Tyromotion Gmbh; Toyota Motor Corporation; BeatBots LLC; Bioxtreme; Rex Bionics Inc.; LEADERS REHAB ROBOT Co. Ltd. |
Pricing | Available upon Request |
The medical rehabilitation robotics market CAGR for 2033 is 15.2%.
The market is estimated to reach USD 1.76 billion by 2033.
Key medical rehabilitation robotics market players are introducing innovative products.
The market is estimated to secure a valuation of USD 428.9 million in 2023.
The increasing prevalence of chronic diseases and injuries.
1. Executive Summary | Medical Rehabilitation Robotics Market 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Market Background 6. Global Market Demand (in Volume Units) Analysis 2017 to 2022 and Forecast, 2023 to 2033 7. Global Market - Pricing Analysis 8. Global Market Demand (in Value USD Million) Analysis 2017 to 2022 and Forecast, 2023 to 2033 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product 9.1. Exoskeleton 9.2. Therapeutic/ Assistive 10. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Extremity 10.1. Upper Extremity 10.1.1. Arm 10.1.2. Wrist 10.1.3. Shoulder 10.1.4. Elbow 10.2. Lower Extremity 11. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Therapy 11.1. Limb Mobility 11.2. Gait 11.3. Sensory 12. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Patient 12.1. Adults 12.2. Pediatric 13. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 13.1. Neurorehabilitation 13.2. Physical Rehabilitation 13.3. Other 14. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End User 14.1. Hospitals 14.2. Wellness centers 14.3. Rehabilitation centers 14.4. Others 15. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 15.1. North America 15.2. Latin America 15.3. Europe 15.4. East Asia 15.5. South Asia 15.6. Oceania 15.7. Middle East and Africa (MEA) 16. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033 17. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033 18. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033 19. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033 20. South Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033 21. Oceania Market 2012 to 2022 and Forecast 2022-2033 22. Middle East and Africa (MEA) Market Analysis 2017 to 2022 and Forecast 2023 to 2033 23. Market Structure Analysis 24. Competition Analysis 24.1. Ekso Bionics Holdings Inc. 24.2. AlterG, Inc. 24.3. Bionik Laboratories Corp. 24.4. Cyberdyne Inc. 24.5. ReWalk Robotics 24.6. Instead Technologies Ltd. 24.7. Bioxtreme 24.8. Rex Bionics Ltd 24.9. Hocoma AG 24.10. Fourier Intelligence 24.11. Tyromotion Gmbh 24.12. Toyota Motor Corporation 24.13. BeatBots LLC 24.14. LEADERS REHAB ROBOT Co. Ltd. 25. Assumptions and Acronyms Used 26. Research Methodology
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