Rehabilitation robotics is a field of research committed to comprehension and augmentation of the process of rehabilitation with the help of robotic devices. These devices are typically used for patients suffering from mobility issues. Robotic rehabilitation and assistive technologies allow for application of robotics in therapeutic procedures to help recover a parents suffering various diseases or disabilities such as cognitive disease, trauma, shock, strokes, orthopedic trauma, neuromotor disorder, and spinal cord injury.
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Market Dynamics- Drivers
Growing prevalence of disability worldwide is expected to drive growth of the global rehabilitation robotics and assistive technologies market
According to World Health Organization (WHO) 2016, around 1 billion people around the globe suffered from some form of disability, of which around 190 million were unable to carry out daily function independently. Swift growth in disabilities, owing to growing prevalence of disease such as rheumatoid arthritis, cerebral palsy, spinal cord injury, and other ageing disabilities are expected to increase demand for robotic rehabilitation and assistive technologies, thereby driving the market growth. According to the WHO, in 2017, around 47 million people suffered from dementia, with around 10 million new cases reported each year. Such factors are expected to create highly lucrative environment for growth of the global robotic rehabilitation and assistive technologies market in the near future.
Market Dynamics- Restraints
However, lack of awareness regarding new technologies among the populace, especially in emerging economies, and high cost of robotic rehabilitation and assistive technologies are expected to restrain the global robotics rehabilitation and assistive technologies market growth during the forecast period.
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Global Robotic Rehabilitation and Assistive Technologies Market Taxonomy
The global robotic rehabilitation and assistive technologies market is segmented on the basis of product type, portability, and application
On the basis of product type, the global robotic rehabilitation and assistive technologies market is segmented into:
- Surveillance & Security,
- Humanoid,
- Rehabilitation,
- Socially Assistive
On the basis of portability, the robotic rehabilitation and assistive technologies market is segmented into:
- Fixed base
- Mobile
On the basis of application, the robotic rehabilitation and assistive technologies market is segmented into:
- Stroke
- Orthopedics
- Cognitive & Motor Skills
- Sports
- Others
Europe is expected to dominate the robotic rehabilitation and assistive technologies market
Regional segmentation of robotic rehabilitation and assistive technologies market by Coherent Market Insights comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among regions, Europe is expected to hold a dominant position in the global robotic rehabilitation and assistive technologies market during the forecast period. This is owing to increasing prevalence of disabilities in the region. According to an article published by The Institute of Modern Russia, around 13 million people live with certain disabilities, constituting to around 9% of the total population in the country. Furthermore, researchers at the University of Hertfordshire, along with European partners have developed a robotic glove intended for stroke patients. It can be used in home settings to support rehabilitation. Moreover, North America is expected to be the second-largest market, owing to robust technological infrastructure and inclination of the population towards adoption of new technologies.
Competitive Landscape
Key players in the market are focused on various growth strategies such as gaining product approval from regulatory authorities, in order to enhance their market presence. For instance, in 2016, Ekso Bionics Holdings, Inc., received U.S. Food and Drug Administration (FDA) approval for Ekso GT robotic exoskeleton. This product is used to treat an individual with hemiplegia which occur due to stroke.
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Key players in global robotic rehabilitation and assistive technologies market are Mazor Robotics Ltd., Intuitive Surgical Inc., Accuray, Inc., Health Robotics S.R.L., Kinova, AlterG Inc., Ekso Bionics, and Interactive Motion Technologies, Bioxtreme Robotics Rehabilitation, and Instead Technologies.
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