Rehabilitation Robotics Market to Grow in Forecast Period due to Increasing Number of Stroke Instances

Global Rehabilitation Robotics Market is segmented based on type, product types, technology, application, and region. Robot is a machine that is re-programmable, multifunctional manipulator particularly designed to move material, parts, tools or specialized devices through variable programmed motions for the performance of a variety of tasks. Rehabilitation is stated as the restoration of a person to an optimal level of physical, social function, mental, and well-being.

The prominent factors that are playing major role in the growth of overall Rehabilitation Robotics Market are increasing number of stroke instances, mainly among the elderly population, advances in robotics and bionics that help to diagnose more accurately. Whereas, the factors restraining market growth are high cost of robotic devices particularly in countries with low and average economy. It has been projected that the Rehabilitation Robotics Market will grow at significant CAGR over the forecast period as the rising healthcare expenditure across the globe
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Rehabilitation robots is a new field that consists of many advanced mechatronic devices extending from artificial limbs to robots supporting the rehabilitation therapy. Also provides personal assistance in hospital and residential set ups to improve movement in persons with impaired physical functioning.

Rehabilitation Robotics Market is classified, by type into Assistive Robot, Therapy Robot. Assistive Robots are helpful for lost limb movements. Therapy robot is also known as a rehabilitator. Therapy robots allows patients to perform practice movements aided by the robot.

Rehabilitation Robotics Market is classified, by product types into Upper Extremity, Lower Extremity, Exoskeleton, and others. The lower extremity segment accounted for the largest market share of the Rehabilitation Robotics Market and will lead the market over the forecast period. Moreover, the segment is expected to grow at significant CAGR during the forecast period. China is expected to lead the Rehabilitation Robotics Market, this is due to presence of large number of aging population, and by providing guidance & assistance to geriatric conditions.

The upper extremity segment is expected to grow at fastest pace over the forecast period, the reason being is increased focus on fitness, therapy, and health. Rehabilitation Robotics Market is classified, by technology into Mobile Rehabilitation Robots, Fixed Base Rehabilitation Robots. Mobile robots are most probably used for mobility support and for fetching or carrying. Whereas, fixed based robots can be placed nearby a patient for feeding, medication, and other tasks.

Rehabilitation Robotics Market is classified, by applications into Sports and Orthopedic Medicine, Neurorehabilitation, Military Strength Training, and others. Neurorehabilitation application helps to reestablish hand function. Rehabilitation Robotics Market is segmented, geographically into North America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

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Globally, North American region accounts for the half of the share of the Rehabilitation Robotics Market and is expected to remain dominant over the forecast period. The factors responsible for the overall growth of this region are increasing pressure on government to improve healthcare infrastructure and facilities. The United States is the major contributor for the overall market growth in the North American region.

On the other hand, Europe is the second largest market for Rehabilitation Robotics Industry, this is due to presence of advanced healthcare infrastructure in these regions. Asia Pacific region will grow at fastest pace over the forecast period. Rehabilitation Robotics Industry key players are, Aretech, Woodway, MRISAR, AlterG, Bionik, Ekso Bionics, Myomo, Hocoma, Fanuc, Focal Meditech, Honda Motor, Instead Technologies and Tyromotion.