According to The Insight Partners market research study of “Rehabilitation Robots Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, End User, and Geography”, the global rehabilitation robots market is expected to reach US$ 3,178.77 million by 2028 from US$ 798.92 million in 2021; it is estimated to grow at a CAGR of 21.8% from 2021 to 2028.
The report highlights trends prevailing in the global rehabilitation robots market and the factors driving market along with those that act as hindrances. The growth of the rehabilitation robots market is attributed to the factors such as rise in geriatric population, stroke and robot-assisted training in rehabilitation therapy.
Further, the availability of well-developed healthcare infrastructure and prompt government support are a few of the prominent factors propelling the market growth in North America.
Based on by type, the rehabilitation robots market is segmented into therapeutic robots, assistive robots, exoskeleton robots, and prosthetic robots. The exoskeleton robots segment held the largest share of the market in 2020, and it is anticipated to register the highest CAGR of 23.2% during the forecast period.
With the growth in research related to rehabilitation robotics, the manufacturing and deployment of therapeutic rehabilitation robots are rising across the world.
Japan and China are among the Asia-Pacific countries with high elderly population; these countries, as well as other developing nations in the region, are witnessing the advancements in medical technology.
According to the Ministry of Internal Affairs and Communications, ~35.2 million people in Japan were aged 65 or above in 2017, and this figure is predicted to jump to 36.2 million by 2020.
Therefore, major companies in the healthcare sector are willing to invest in the development of advanced technologies for providing care to the region's older residents. Therefore, increasing elderly population and the growing prevalence of stroke, rendering people immobile, are among the significant factors driving the demand for rehabilitation robots.
Based on type, the rehabilitation robots market is segmented into therapeutic robots, assistive robots, exoskeleton robots, and prosthetic robots. The exoskeleton robots segment held the largest share of the market in 2021, and it is anticipated to register the highest CAGR during the forecast period. End User
Based on end-user, the rehabilitation robots market is segmented into hospitals, rehabilitation centers, and specialty clinics. The rehabilitation centers segment held the largest share of the market in 2021 and is estimated to register the highest CAGR during the forecast period. Download PDF Brochure https://www.theinsightpartners.com/sample/TIPTE100000430/
