Robotic Rehabilitation and Assistive Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Robotic Rehabilitation and Assistive Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : August, 2021 | Healthcare IT

Report Digest


Global Robotic Rehabilitation and Assistive Technologies Market: Overview

The global robotic rehabilitation and assistive technologies market is likely to witness robust growth owing to the increasing incidences of limited mobility amongst many people. Rehabilitation robotics and assistive technologies enable utilization of robotic devices for the purpose of recovery of patients affected with limited mobility. This technology enables robotic applications to be used in therapeutic processes to assist in the recovery of patients suffering from spinal cord injury, orthopedic traumas, strokes, neuromotor disorders, and cognitive diseases. This type of robots enable people affected with degenerative cognitive and motor capabilities lead a self-dependent life.

The global robotic rehabilitation and assistive technologies market has been segmented based on product type, portability, application, and region. The main of such a comprehensive report is to provide a deeper understanding into the market.

Global Robotic Rehabilitation and Assistive Technologies Market: Notable Developments

The global robotic rehabilitation and assistive technologies market has witnessed quite a few developments over the last few years. One such development is mentioned below:

  • In 2017, Toronto-based Bionik Laboratories., a leading robotics and medical device company, has penned a contract with Wistron Medical Tech Holding Company, Taiwan-based design and manufacturing service partner for medical technology and diagnostic company. The agreement is meant to pave way for manufacturing and development of ARKE technology-based assistive robotic solution for the lower body.

Some of the leading market players of the global robotic rehabilitation and assistive technologies market are

  • Bionik Laboratories Corp
  • DIH Technologies Corporation (Hocoma)
  • Instead Technologies, Ltd
  • ReWalk Robotics
  • Intuitive Surgical Inc

Global Robotic Rehabilitation and Assistive Technologies Market: Growth Drivers

Increased Prevalence of Various Types of Disabilities to Bolster its Demand

The global robotic rehabilitation and assistive technologies market is expected to thrive on the increased need of people with mobility challenges to lead an independent life. Modern technology in robotics is helping in making the lives of disabled people easier. It is also making the functionalities of their body better.

Well-designed technology to develop companionship and care robots together with assistive speech technology is likely to propel the growth of the global robotic rehabilitation and assistive technologies market. The stakeholders are carrying on research and development to figure out how assistive robots are capable of effectively assisting differently able people. They are trying to find out ways to design innovative robots that would help them overcome the challenges of limited mobility.

Innovations such as robotic trousers are helping patients walk normally. These trousers are developed utilizing soft artificial muscles that are conditioned electrically to instigate bodily movements like standing up. Innovations such as this are likely to open up new avenues of growth for the global robotic rehabilitation and assistive technologies market in years to come.

Global Robotic Rehabilitation and Assistive Technologies Market: Regional Outlook

In terms of region, North America is estimated to account for a large chunk of the global robotic rehabilitation and assistive technologies market over the timeframe of forecast. Such dominance of the region is driven by the adoption of highly advanced robotic rehabilitation & assistive technologies. In addition, favorable reimbursement policies from the healthcare industry are likely to emerge as another important growth factor for the market in the region.

The global robotic rehabilitation and assistive technologies market is segmented as:

Product Type

  • Surveillance and Security
  • Humanoid
  • Rehabilitation
  • Socially Assistive

Portability

  • Fixed Base
  • Mobile

Application

  • Stroke
  • Orthopedics
  • Cognitive and Motor Skills
  • Sports

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5-Point Growth Formula

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The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

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Accurate Trend Analysis

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Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?