Key Companies in Rehabilitation Robots Market CYBERDYNE INC., Ekso Bionics, BIONIK, ReWalk Robotics, Rex Bionics Ltd., Hocoma, Bioxtreme and Other Prominent Players.
Pune, India, Oct. 20, 2021 (GLOBE NEWSWIRE) -- The global “rehabilitation robots market” is anticipated to gain momentum from a rise in geriatric population across the globe. According to a published report by Fortune Business Insights, titled, “Rehabilitation Robots Market: Global Market Analysis, Insights and Forecast, 2019-2026,” the global rehabilitation robots market was valued at US$ 529.8 Mn in 2018 and is projected to reach US$ 2,617.3 Mn by 2026, exhibiting a CAGR of 22.1% during the forecast period.
Growing Incidence of Spinal Cord Injuries and Strokes to Favor Growth of Therapeutics Robot Segment
The report classifies the global rehabilitation robots market on the bases of type, end user, and geography. In terms of type, the market is segmented into therapeutics robot, assistive robot, exoskeleton robot, and others. Numerous prominent market players have recently started investing huge sums of money in the design and development of assistive robots in order to treat those with chronic health conditions.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/sample/rehabilitation-robots-market-101013
This in turn, is anticipated to increase the global rehabilitation robots market sales. Fortune Business Insights predicts that the therapeutics robots segment will witness significant growth in the CAGR during the forecast period. This is mainly due to the rising incidence of strokes and spinal cord injuries that in turn, affect mobility of people. All these factors contribute to the global rehabilitation robot market growth in the coming years. By end user, the market is grouped into hospitals, rehabilitation centers, and others.
FDA Approvals and Product Launches to Strengthen Market Positions of Key Market Players
The global rehabilitation robots market is combined due to diverse product offerings and strong company portfolios. ReWalk Robotics, Inc., a developer of wearable robotic exoskeletons, based in the U.S., announced in June 2019 that the Food and Drug Administration (FDA) approvedReStore soft exo-suit system for sale to the rehabilitation centres in the U.S.The system will be used to treat the stroke survivors with mobility challenges. The exo-suit is also cost-effective and functional. It can be used in the ‘Main Street’ clinics. Bionik Inc., a global pioneering healthcare company, headquartered in Canada, announced the launch of its new generation InMotion ARM/HANDrobotic system in January 2019. The system will aid in the clinical rehabilitation of stroke survivors and will also be provided to those who are suffering from mobility impairments due to neurological conditions.
To get the short-term and long-term impact of COVID-19 on this Market.
Cyberdyne Inc., a robotics and technology company, based in Japan, announced that it has received approval from the FDA for the sale of HAL (Hybrid Assistive Limb) lower-body exoskeleton in medical facilities in January 2018. HAL is a walking robot that can strap itself to a patient’s legs. The sensors that are attached to the patient’s leg muscles detect bioelectric signals from their brain to the muscles. The system enhances the patient’s stability and strength as the exoskeleton assists in movements. Earlier, in February 2016, Apollo Hospitals unveiled ApoKos, India’s first rehabilitation hospital. ApoKos offers comprehensive rehabilitation for a range of medical conditions.
Dr. Takanori Shibata of Japan’s National Institute of Advanced Industrial Science and Technology developed PARO, a therapeutics robot and announced the launch of the same in December 2009. PARO robot was delivered to several healthcare organizations and hospitals during the pre-marketing phase. The robot resembles a baby harp seal that helps in therapy and has been used with dementia patients, autistic children, and people with disabilities.
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/queries/rehabilitation-robots-market-101013
Fortune Business Insights has profiled some of the prominent companies operating in the global rehabilitation robots market. Some of them are Cyberdyne Inc., Bionik, Hocoma, Rex Bionics Ltd., Bioxtreme, Ekso Bionics, Corindus, Inc., ReWalk Robotics, and other prominent market players.
List of Companies Profiled:
Rex Bionics Ltd.
2019 to 2026
Forecast Period 2019 to 2026 CAGR
2026 Value Projection
USD 2,617.3 Billion
Market Size in 2018
USD 529.8 Billion
Historical Data for
2015 to 2017
No. of Pages
By Type, By End User, By Geography.
Owing to the higher adoption of advanced technologies
Increasing awareness about conditions such as Alzheimer’s, and dementia which has fueled the demand for therapeutic robots in these regions.
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune - 411045, Maharashtra, India.