Published: Jun, 2018

The global robotic rehabilitation and assistive technologies market is at its nascent stage and therefore, only a fraction of the possible applications have been explored till now by companies, labs, and universities. This also means that there is much room for this market to grow. As of now the market is filled with start-ups and small companies which are well established. This makes the global robotic rehabilitation and assistive technologies market fragmented. Some of the leading players in the market are: Vincent Medical, Ekso Bionics, Accuray Incorporated, Mazor Robotics, DIH Technologies Corporation, Reha-Stim Medtec GmbH & Co. KG, Intuitive Surgical, Inc, AlterG, Inc., Instead Technology Ltd., and Bionik Laboratories Corp.

According to Transparency Market Research (TMR), the global robotic rehabilitation and assistive technologies market will be worth US$2,290.3 mn by 2025, expanding at a 13.1% CAGR from 2017 to 2025. On the basis of application, the surgery segment led the market. This segment is anticipated to continue to lead in the years to come. By geography, the market is will witness highest growth in Asia Pacific on account of the growing pool of geriatric population. Asia Pacific market for robotic rehabilitation and assistive technologies is expected to exhibit a 15.3% CAGR between 2017 and 2025, with Japan being the foremost revenue generator. The high cost however, will limit the adoption of robotic rehabilitation and assistive technologies by emerging economies in the region.

Global Robotic Rehabilitation and Assistive Technologies Market.jpg

High Demand for Surgical Assistance During Complex Procedures Predicted

The use of robotic rehabilitation and assistive technologies has just begun in the healthcare industry. Surgical robots are of much assistance during surgeries when surgeons perform complex and minimally invasive procedures. Robots are also assisting doctors in boosting accuracy during radiation treatment for cancer patients as well as assist with rehabilitation of disabled patients. Robotic rehabilitation and assistive technologies have immense growth opportunities and holds much promise in the healthcare area. As per the lead author of this report, “the growing instance of strokes which in turn renders people bed-ridden or in a way takes away their ability to move to some degree, will be a key factor boosting the growth of the robotic rehabilitation and assistive technologies market.”

Rapid Improvement and Advancements in Technology to Accelerate Growth

The market is also driven by the surge in the geriatric population worldwide. Aged people are also in limited in their ability to move, to some degree and this will create a need for robotic rehabilitation and assistive technologies. The technological advancements occurring in the field has led to a more efficient use of motors and light materials. Advancements and innovations have also resulted in sophisticated control, improved safety mechanisms, and power backup.

High Cost of Robotic Rehabilitation and Assistive Technologies to Pose a Challenge

On the other hand, it is predicted that the steep price will go against the growth of the market as it will limit the adoption rates, especially in cost sensitive regions of the world. The cost to performance ratio may not be feasible on account of the high cost of development and relatively low benefit for hospitals or patients will hamper adoption rates. However, some relief can be expected on account of the improvement in production methods as well as due to favourable reimbursement policies.

This review is based on the findings of a TMR report, titled, “Robotic Rehabilitation and Assistive Technologies Market (Type – Assistive Robot and Rehabilitation Robot; Portability – Standalone and Mobile; Application – Surgery, Cognitive, and Motor Skill Therapy) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025.

The Global Robotic Rehabilitation and Assistive Technologies Market is segmented as below:

Global Robotic Rehabilitation and Assistive Technologies, by Type

  • Assistive Robot
  • Rehabilitation Robot

Global Robotic Rehabilitation and Assistive Technologies, by Portability

  • Standalone
  • Mobile

Global Robotic Rehabilitation and Assistive Technologies, by Application

  • Surgery
  • Cognitive and Motor Skill Therapy
  • Others

Global Robotic Rehabilitation and Assistive Technologies, by Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

About Us

“Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

.