Rehabilitation Robots Market
to exceed US$ 3,178.77 Million by 2028, says The Insight Partners

According to The Insight Partners market research study of “Rehabilitation Robots Market Forecast to 2028 — COVID-19 Impact and Global Analysis — by Type, End User, and Geography”, the global rehabilitation robots market is expected to reach US$ 3,178.77 million by 2028 from US$ 798.92 million in 2021; it is estimated to grow at a CAGR of 21.8% from 2021 to 2028.

The report highlights trends prevailing in the global rehabilitation robots market and the factors driving market along with those that act as hindrances. The growth of the rehabilitation robots market is attributed to the factors such as rise in geriatric population, stroke and robot-assisted training in rehabilitation therapy. Further, the availability of well-developed healthcare infrastructure and prompt government support are a few of the prominent factors propelling the market growth in North America.

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Based on by type, the rehabilitation robots market is segmented into therapeutic robots, assistive robots, exoskeleton robots, and prosthetic robots. The exoskeleton robots segment held the largest share of the market in 2020, and it is anticipated to register the highest CAGR of 23.2% during the forecast period. Factors such as an increasing awareness about the use and benefits of rehabilitation robots in therapeutic applications because of continuous government support as well as increasing investments in product development, sales, and distributions is offering lucrative opportunities for the growth of Asia Pacific rehabilitation robots market.

Rehabilitation Robots Market: Competitive Landscape and Key Developments:

BD, bioMerieux SA, Bio-Rad Laboratories Inc., Bionik Laboratories Corporation, Cyberdyne Inc., Ekso Bionics Holdings Inc, Rewalk Robotics Ltd, Hocoma Ag, Rehab-robotics Company Limited, Kinova Inc, Rex Bionics Ltd, Toyota Motor Corporation, and Myomo Inc are among the leading companies operating in the rehabilitation robots market.

There is a concern to seek adaptive strategies to continue offering neurorehabilitation services during the COVID-19 pandemic, as the people with disabilities and chronic progressive diseases require constant monitoring and care. Patients suffering from stroke or COVID-19 develop anxiety, depression, fatigue, and post-traumatic stress disorder. In addition to the physical or cognitive state, psychological health acts as an indicator of the surviving population’s quality of living. Nevertheless, considering the rapid spread of COVID-19, several healthcare service providers are working on strategies to promote physical distancing and enhance healthcare procedures. Social distancing measures have been adopted worldwide; the practices have led to disruptions in supply schedule and distribution processes, and manufacturers are facing many backorders on products. Therefore, the COVID-19 -pandemic has been having a slight negative affect on the rehabilitation robot market.

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