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Market Snapshot

CAGR:6.54

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	6.54

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Report Overview

Assistive and Rehabilitation Robotic Market Analysis Report 2023-2032:

The Assistive and Rehabilitation Robotic Market is poised to exhibit significant growth with an anticipated Compound Annual Growth Rate (CAGR) of 6.82% from 2022 to 2032. This market is projected to expand by USD 8,743.21 million during the forecast period. The market's trajectory is influenced by several factors, including the increasing aging population, advancements in robotic technologies, and growing awareness of the benefits of assistive and rehabilitation robotics. Assistive and rehabilitation robotics encompass a range of devices and systems designed to aid individuals with mobility impairments, disabilities, or injuries, by providing physical support, therapy, and improved quality of life.

Assistive and Rehabilitation Robotic Market Overview:

Drivers:

The rising aging population is a key driver of growth in the assistive and rehabilitation robotic market. With an increasing number of elderly individuals experiencing age-related mobility issues and chronic conditions, the demand for robotic solutions that enhance their independence and functionality is on the rise. Assistive robots can provide support for daily tasks, such as moving around the house or fetching objects, thereby contributing to an improved quality of life for the elderly population.

Additionally, technological advancements in robotics have led to the development of more sophisticated and user-friendly robotic devices. These advancements include improved sensors, artificial intelligence (AI), and better human-machine interfaces, enabling more effective and personalized rehabilitation programs for patients recovering from injuries or surgeries.

Trends:

Integration of AI and machine learning (ML) technologies in assistive and rehabilitation robotics is a significant trend driving market growth. AI-powered robotic devices can adapt and learn from a user's movements and responses, allowing for personalized and dynamic rehabilitation programs. These robots can also provide real-time feedback to patients and therapists, enhancing the effectiveness of rehabilitation procedures.

Furthermore, the expansion of telehealth and remote monitoring solutions is impacting the market positively. Remote rehabilitation sessions and virtual consultations enable patients to access therapy and assistance without the need to travel, which is especially beneficial for individuals with limited mobility or those living in remote areas.

Restraints:

One of the major challenges in the assistive and rehabilitation robotic market is the high cost associated with these technologies. Advanced robotics systems often involve intricate engineering and components, leading to higher manufacturing and maintenance expenses. This cost factor can limit the accessibility of these solutions, particularly in regions with limited healthcare resources or patients with constrained financial means.

Moreover, concerns related to privacy and data security in the context of AI-driven robotic devices could hinder the adoption of these technologies. As robots gather and process patient data, ensuring the protection of sensitive medical information becomes crucial to maintain patient trust and regulatory compliance.

Assistive and Rehabilitation Robotic Market Segmentation by Application: The rehabilitation centers and hospitals segment is anticipated to experience substantial growth during the forecast period. The integration of robotic technologies in rehabilitation facilities is transforming the way patients recover from injuries or surgeries. Robotic-assisted therapy can provide more precise and controlled movements, leading to faster recovery times and improved outcomes. These technologies are particularly beneficial for stroke patients, those with spinal cord injuries, and individuals recovering from orthopedic surgeries.

Furthermore, home-based robotic solutions are gaining traction, allowing patients to continue their rehabilitation exercises in the comfort of their own homes. These devices can help reduce the strain on healthcare facilities and improve patient compliance with rehabilitation programs.

Assistive and Rehabilitation Robotic Market Segmentation by Type: The exoskeletons segment is expected to drive significant growth in the market. Exoskeletons are wearable robotic devices that provide support to the user's limbs, enabling individuals with mobility impairments to regain the ability to walk or perform daily activities. These devices are widely used in both rehabilitation and assistive contexts. They can aid stroke patients, individuals with spinal cord injuries, and those with mobility disorders.

The increasing demand for personalized and adaptive rehabilitation programs is propelling the development of AI-driven exoskeletons that can tailor their assistance based on a user's specific needs and progress.

Regional Overview:

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North America is projected to be a key contributor to the global assistive and rehabilitation robotic market, accounting for a significant share of the growth. The region's well-established healthcare infrastructure, research and development activities, and high awareness of advanced technologies drive the adoption of assistive and rehabilitation robotic solutions.

Europe is also expected to witness substantial growth due to the region's aging population and focus on improving the quality of life for elderly individuals. Government initiatives and partnerships between research institutions and companies are driving innovation in assistive and rehabilitation robotics across the region.

During the COVID-19 pandemic, the assistive and rehabilitation robotic market faced challenges such as disrupted supply chains and limited access to healthcare facilities. However, the crisis highlighted the need for remote rehabilitation solutions, accelerating the adoption of telehealth and home-based robotic systems.

Assistive and Rehabilitation Robotic Market Customer Landscape: The report encompasses the customer landscape of the assistive and rehabilitation robotic market, detailing the adoption lifecycle of the technology and the factors influencing its penetration across different regions. It also examines key purchase criteria and price sensitivity drivers, aiding companies in devising effective growth strategies.

Major Companies in the Assistive and Rehabilitation Robotic Market: Companies in the market are employing various strategies, including collaborations, mergers and acquisitions, geographical expansions, and product innovations, to enhance their market presence.

Some of the major companies in the market include:

Ekso Bionics Holdings, Inc.
ReWalk Robotics Ltd.
CYBERDYNE Inc.
Parker Hannifin Corp.
Hocoma AG
Bionik Laboratories Corp.
Kinova Robotics
Focal Meditech BV
Rex Bionics Ltd.

These companies are at the forefront of developing cutting-edge assistive and rehabilitation robotic technologies to address the evolving needs of patients and healthcare providers.

Segment Overview:

The assistive and rehabilitation robotic market report provides revenue forecasts for global, regional, and country levels, along with an analysis of emerging trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032):

Rehabilitation Centers and Hospitals
Home-based
Assisted Living Facilities
Others

Type Outlook (USD Million, 2019 - 2032):

Exoskeletons
Prosthetics
Orthotics
Assistive Robots
Others

Geography Outlook (USD Million, 2019 - 2032):

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

Asia-Pacific

China
Japan
South Korea
Rest of Asia-Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL ASSISTIVE AND REHABILITATION ROBOTIC MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. ASSISTIVE AND REHABILITATION ROBOTIC MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Assistive and Rehabilitation Robotic Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. ASSISTIVE AND REHABILITATION ROBOTIC MARKET BY Type INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Therapeutic Robots

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Assistive Robots

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. ASSISTIVE AND REHABILITATION ROBOTIC MARKET BY End user INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Rehabilitation Centers

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Hospitals

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. ASSISTIVE AND REHABILITATION ROBOTIC MARKET REGIONAL OUTLOOK

7.1. Assistive and Rehabilitation Robotic Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Assistive and Rehabilitation Robotic Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Assistive and Rehabilitation Robotic Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Assistive and Rehabilitation Robotic Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Assistive and Rehabilitation Robotic Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Assistive and Rehabilitation Robotic Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Assistive and Rehabilitation Robotic Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Assistive and Rehabilitation Robotic Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Assistive and Rehabilitation Robotic Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Assistive and Rehabilitation Robotic Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Assistive and Rehabilitation Robotic Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Assistive and Rehabilitation Robotic Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Assistive and Rehabilitation Robotic Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Assistive and Rehabilitation Robotic Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Assistive and Rehabilitation Robotic Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Assistive and Rehabilitation Robotic Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Assistive and Rehabilitation Robotic Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. ReWalk Robotics

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2. AlterG, Inc

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3. Bionik Laboratories Corp

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4. Ekso Bionics

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. Vincent Medical

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6. DIH Technologies Corporation (Hocoma)

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7. CYBERDYNE, INC

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8. Kinova, Inc

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9. Rex Bionics Ltd.

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10. Instead Technologies, Ltd

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Assistive And Rehabilitation Robotic Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032