The Rehabilitation Robots Market is being driven by Rising instances of strokes, injuries, and neurological diseases
The Rehabilitation Robots Market is expected to grow at a CAGR of 46.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7950.3 million. The global aging population, which accounted for approximately 10% of the total world population in 2024, is more susceptible to chronic conditions, including orthopedic disorders. In response, governments are implementing initiatives to expand healthcare accessibility. This trend is expected to boost the demand for rehabilitation robots, particularly in developed regions of North America and Europe, where therapeutic robots are increasingly adopted for elderly patients. Emerging markets in Asia Pacific and South America will also witness substantial growth in rehabilitation robot adoption among the elderly population, contributing to the overall market expansion over the forecast period.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
218 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 46.6% |
Market growth 2025-2029 |
USD 7950.3 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
33.5 |
Key countries |
US, Japan, Germany, UK, Canada, France, China, India, Italy, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Advanced rehabilitation robots, utilizing technologically superior equipment, are increasingly being used to address the high prevalence of conditions like stroke and spinal cord injury among older adults and those with musculoskeletal disorders and chronic diseases. These robots, including therapy and exoskeleton models, offer maintenance and standard care hospitalization for healthcare providers treating geriatric patients. With stringent regulations ensuring device reliability and user safety, the approval process for commercialization of these medical applications is crucial.
The rehabilitation robots market is a segment of the larger industrial machinery and supplies and components market, encompassing companies that manufacture technologically advanced equipment for physical therapy and rehabilitation. Factors driving market growth include the increasing prevalence of conditions such as stroke and musculoskeletal disorders among older adults. Technavio projects the global industrial machinery and supplies and components market size, which includes the revenue generated by manufacturers of machinery and components used in industrial settings, will expand due to rising industrial output in process and discrete industries, particularly in developing countries, leading to increased demand for energy, chemicals, petrochemicals, pulp and paper products, and processed food and beverages.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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