Rehabilitation Robotics Market Size Expected to Grow at a CAGR of 11.4% from 201
Posted by Nikita Manwar on October 9th, 2019
The global Rehabilitation Robotics market was valued at USD 2,649.7 million in 2018, and is expected to reach USD 6,974.3 million by 2026, growing at a CAGR of 12.9% during 2019–2026. The key factors boosting growth of the market are increasing incidence of trauma/accidental injuries, innovations and technological advancement in Rehabilitation Robotics technology.
Furthermore, rising instances of strokes, injuries and neurological diseases, rising technological advancement and spending on healthcare facilities across the globe have led to burgeoning market growth of Rehabilitation Robotics market.
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Surgery product type segment is expected to dominate global Rehabilitation Robotics market during the forecast period. In 2018, more than half of the market share was held by the surgery segment. However, the highest growth rate is expected to be witnessed by the motor skill therapy segment during the forecast period owing to growing adoption of fully automated robotics products among healthcare professionals and patients due to their characteristics of high stability and excellent properties.
Technological advancements in Rehabilitation Robotics industry and increasing research & development activities are likely to drive the growth of global Rehabilitation Robotics market in near future. Others end user segment in the Rehabilitation Robotics market is the upcoming end user segment to look forward to.
“Big players are focussing on research & development activities to speed up new product development to maintain their leadership. For example: On February 2018, Bionik Laboratories launched new commercial generation Inmotion Arm Robotics System for helping to improve rehabilitation for stroke patients. —-GMI Research
Based on geography, North America held the largest share in the market in 2018 because of higher adoption rate of Rehabilitation Robotics, high volume of clinical procedures and growth in medical tourism. In addition, there has been a rise in incidence of trauma injuries. GMI Research expects Asia Pacific region to grow at a robust rate from 2019 to 2026.
Key takeaways/key essentials:
Some of the key players operating in global Rehabilitation Robotics market include, Accuray Incorporated, AlterG, Inc, Bionik Laboratories Corp, DIH Technologies Corporation, Ekso Bionics, Intuitive Surgical, Inc, Mazor Robotics, Reha-Stim Medtec GmbH & Co and Vincent Medical.
The global Rehabilitation Robotics market has been segmented on the basis of application type, end user type and key geographies. Based on application type, Surgery, Cognitive and Motor Skill Therapy. The end user type includes hospitals, prosthetic clinics, & others (rehabilitation centers, normal clinics).
The research report “Global Rehabilitation Robotics Market” provides in-depth analysis of the Rehabilitation Robotics market, globally, based on application type, end user type and major geographies for the forecast period from 2019 to 2026. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report provides market size and forecast for Rehabilitation Robotics market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
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About the AuthorNikita Manwar
Joined: September 10th, 2019
Articles Posted: 80
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