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Rehabilitation Robots Market Analysis to 2027: Hocoma, Ekso Bionics, AlterG, Bionik Labs, Instead Technologies, Motus Nova, Kinova, Meditouch, Wearable Robotics and ReWalk Robotics

Press release   •   Jun 14, 2019 11:44 IST

Rehabilitation robot is mechanically operated medical device which is designed to improve the movements in individuals with physical impaired functioning. The rehabilitation robots used as a substitute for lost limb movements caused by neurological or traumatic events. Stroke is the major cause of adult disability, such as gait impairment. The device consists a wide range of portable and stationary electromechanical assisted training devices to improve the lost body functions.

The rehabilitation robots market is anticipated to grow with a significant rate in the coming years, owing to factors such as, rising prevalence of neurological disorders, growing aging populations and increasing prevalence of conditions such as spinal cord injury, rheumatoid arthritis, dementia and other age-related disabilities.

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The key players influencing the market are Hocoma, Ekso Bionics, AlterG, Inc., Bionik Labs, Instead Technologies Ltd., Motus Nova, Kinova Inc., Meditouch, Wearable Robotics Srl and ReWalk Robotics among others. 

North America accounted for the largest market share of rehabilitation robots market, owing to the factors such as, increasing R&D activities, growing advanced technology and rising prevalence of spinal cord injuries in the U.S. and increasing demand for the rehabilitation robots in the region. However, Asia-Pacific region is expected fastest growth during the forecast period owing to rising geriatric population and increasing prevalence of chronic diseases such as, orthopedic injuries, arthritis, spinal cord injuries, and trauma in the region.

The global rehabilitation robots market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global rehabilitation robots market based on type and end-user. It also provides market size and forecast till 2027 for overall rehabilitation robots market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region. 

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