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As per The Business Research Company’s Rehabilitation Robotics Global Market Report 2023, The global rehabilitation robotics market is expected to grow from $0.97 billion in 2022 to $1.18 billion in 2023 at a compound annual growth rate (CAGR) of 21.7%. The rehabilitation robotics market size is expected to grow to $2.56 billion in 2027 at a CAGR of 21.4%.

What was the major driver in the rehabilitation robotics market?
Rising incidences of strokes, injuries, and neurological illnesses are likely to boost the rehabilitation robots market during the forecast period. According to the World Health Organisation (WHO), a United Nations health body based in Switzerland, 50 million people worldwide will suffer from epilepsy by 2022, with approximately 80% of them residing in poor and middle-income countries. As a result, increased rates of strokes and neurological illnesses are expected to increase demand for rehabilitation technologies such as rehabilitation robots.

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What was the key trend in the rehabilitation robotics market?
A prominent trend in the rehabilitation robotics market has been the rapid use of assistive robotics for faster and more effective therapy. Assistive robots are increasingly being used in the medical profession to provide faster and more effective treatment, and companies are investing more in new product development to fulfil the demand. For example, the Labrador Retriever was unveiled in January 2022 by Labrador Systems, Inc., a US-based early-stage robotics business specialising in assistive robots. Labrador Retriever is a personal robot that assists individuals in living more independently by providing meaningful, hands-on assistance with common household duties. The robot acts as an extra set of hands, assisting people with heavy loads and delivering vital goods to hand. Its purpose is to alleviate the load on persons whose daily activities are hampered by chronic pain, injuries, or other medical conditions.

Which was the largest region in the rehabilitation robotics market?
North America was the largest region in the rehabilitation robotics market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the rehabilitation robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Who are the rehabilitation robotics market prominent players?
Major players in the rehabilitation robotics market are Myomo Inc., Bionik Laboratories Corporation, Hocoma AG, Cyberdyne Inc., ReWalk Robotics Ltd., Ekso Bionics, Rex Bionics Ltd., AlterG Inc., RU Robots, Woodway, Tyromotion, ABILITY Switzerland AG, Motek Medical B.V., Reha Technology AG, Man&Tel Co., Ltd., Rehab-robotics Company Limited, Kinova, MRISAR, and Robotdalen.

Key rehabilitation robotics market segments
The global rehabilitation robotics market is segmented –
1) By Type: Exoskeleton Robots, Therapeutic Robots, Assistive Robots, Prosthetic Robots
2) By Patient Type: Adult, Pediatrics
3) By Part: Lower Extremity, Upper Extremity
4) By Application: Gait Therapy, Limb Mobility
5) By End User: Rehabilitation Centers, Hospitals

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The Rehabilitation Robotics Global Market Report 2023  provides a comprehensive overview on the rehabilitation robotics market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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