Robotic Rehabilitation and Assistive Technologies Market CAGR of 13.1% by 2025Posted by Shrikant Ghuge on October 24th, 2017 At present the global robotic rehabilitation and assistive technologies market is in a nascent state. This is because just a fraction of the possible applications are being explored in universities, laboratories, and start-up companies. Hence, the market has ample room to grow. Currently, the market is choc-o-bloc with startups and other small but established companies, which makes the landscape fragmented. A few of the pioneering companies in the global robotic rehabilitation and assistive technologies market are Accuray Incorporated, AlterG, Inc., Bionik Laboratories Corp., DIH Technologies Corporation, Ekso Bionics, Intuitive Surgical, Inc, Instead Technology Ltd., Mazor Robotics, Reha-Stim Medtec GmbH & Co. KG, and Vincent Medical. According to Transparency Market Research, the global robotic rehabilitation and assistive technologies market will likely expand at a CAGR of 13.1% from 2017 to 2025. Rising at this pace, the market which was worth US$ 765.1 mn in 2016 is projected to attain a value of US$ 2,290.3 mn by 2025. Robotic rehabilitation and assistive technologies market by application has been segmented into surgery, cognitive and motor skill therapy and others. By application, surgery dominated the global robotic rehabilitation and assistive technologies market. The segment is likely to retain its dominant position in the years to come. Geographically, the key regions in the global robotic rehabilitation and assistive technologies market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Currently, Asia Pacific, driven primarily by Japan, is growing at a maximum pace. The report by TMR predicts the market to clock a CAGR of 15.3% CAGR during the period between 2017 and 2025. A rising pool of elderly is mainly serving to boost demand in the market. However, developing countries in the region are somewhat lagging in sales of robotic rehabilitation and assistive technologies on account of their expensiveness. Request and Download Sample Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14957 Like it? Share it! More by this author |