Robotic Rehabilitation and Assistive Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Robotic Rehabilitation and Assistive Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
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
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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