As per the professional survey report by the Transparency Market Research, the global robotic rehabilitation and assistive technologies market is anticipated to witness a stellar growth rate of 12.5 % over the forecast period of 2019 to 2027. Types of products offered by the players and manufacturers functional within the global robotic rehabilitation and assistive technologies market are rehabilitation robots as well as assistive robots. The segments within the global robotic rehabilitation and assistive technologies market by the device portability include mobile as well as standalone robots. One of the most significant and major driver for the global robotic rehabilitation and assistive technologies market is the rising geriatric population across the globe.
Some of the major applications for the products and solutions in the global robotic rehabilitation and assistive technologies market include post-surgery, prosthetics, FNS, cognitive and motor skill therapy, and exoskeletons, among others. Among these, the post-surgery segment led the global robotic rehabilitation and assistive technologies market in terms of demand in 2018. The same segment is anticipated to lead the global robotic rehabilitation and assistive technologies market in coming years, owing to rising preference of the patients for robotic rehabilitation in clinical setting. However this ends up driving up the cost of hospital stay for these patients, which might hinder the growth in the segment to a certain extent.
Request Brochure for Robotic Rehabilitation and Assistive Technologies Market Report
North America Holds the Largest Share in Robotic Rehabilitation and Assistive Technologies Market
Key regions evaluated in the business intelligence study on the global robotic rehabilitation and assistive technologies market include Europe, Latin America North America, Middle East and Africa, and Asia Pacific. Geographically, North America region topped the global robotic rehabilitation and assistive technologies market in recent past in terms of industry share. The growing share of the North America robotic rehabilitation and assistive technologies market can be attributed to the presence of favorable reimbursement scenario in regional economies such as Canada and the United States as well as the fast paced and early adoption of advanced assistive and rehabilitation robotic devices.
Furthermore, rising number of elderly individuals in the region living with some kind of physical disability is also likely to influence the adoption of the products in the global robotic rehabilitation and assistive technologies market in North America in coming years. Second largest share in the global robotic rehabilitation and assistive technologies market in recent past was held by Europe, owing to rising healthcare expenditure in the region, rise in the elderly population that is more prone to various kinds of orthopedic disorders, and rising adoption of robots and robotics in the regional medical sector.
Players in Robotic Rehabilitation and Assistive Technologies Market Focusing on Agreements and Collaborations
Few of the leading and notable players and manufacturers functional within the global robotic rehabilitation and assistive technologies market are AlterG, Inc., Ekso Bionics, DIH Technologies Corporation or Hocoma, Kinova, Inc., ReWalk Robotics, Bionik Laboratories Corp., Vincent Medical, Cyberdyne, Inc., and Rex Bionics, among others. Leading manufacturers and players in the global robotic rehabilitation and assistive technologies market are engaged in various growth strategies, such as development of innovative products, purchase and distribution agreements, as well as research intended collaborations in order to amass a larger share in the industry in coming years.
TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough, request for custom research report
For example, Soreha and AlterG, Inc. entered into a partnership in October of 2018 in order to expand their collective businesses across various Asian countries such as Taiwan, Hong Kong, Macau, and China. The ReWalk Robotics and the France based Harmonie Medical Service or HMS entered into a distribution agreement in July of 2017. This move will facilitate HMS to operate as the only distributor for exoskeleton systems developed by ReWalk to certain qualified candidates suffering from spinal cord injury in France. Furthermore, Wistron Medical Tech Holding Company of Taiwan and Bionik Laboratories entered into an agreement in June of 2017 in order to facilitate manufacture and joint development of ARKE technology based lower body assistive robotic equipment.
