Latest News:- Rehabilitation Robots Market: UERR is expected to lead the Product segment during 2024-2028

Rehabilitation Robots Market to grow at a CAGR of 39.98% during 2024-2028

The Rehabilitation Robots Market is expected to grow at a CAGR of 39.98% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4648 million. In the global landscape, the elderly demographic, accounting for approximately 10% of the total population in 2022, is experiencing a higher prevalence of chronic conditions, including orthopedic disorders. Governments worldwide are taking proactive measures to expand healthcare access for this vulnerable population. This trend is expected to fuel the demand for rehabilitation robots, particularly in developed regions like North America and Europe. Furthermore, emerging markets in Asia Pacific and South America will witness substantial growth in rehabilitation robot adoption, primarily among elderly patients, as the global population ages. Consequently, the utilization of rehabilitation robots is poised for significant expansion throughout the forecast period. 

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The UERR subsegment is expected to dominate the Product segment during the forecast period 

Technavio analysts predict that the UERR subsegment will lead the Product segment during 2024 and 2028 The Rehabilitation Robots Market represents a significant growth opportunity for businesses in the healthcare sector. These advanced technologies are revolutionizing post-injury or post-surgery recovery processes, enabling faster and more effective rehabilitation. Robots offer personalized therapy plans, real-time feedback, and consistent treatment, making them a valuable investment for healthcare providers and insurers. As the global population ages and the prevalence of chronic conditions increases, the demand for rehabilitation robots is expected to surge.

Here are the various ways based on which the market is segmented: 

• Product
  • UERR
  • LERR
  • FE
  • TRR
• End-user
  • Hospitals and clinics
  • Senior care facilities
  • Homecare settings
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa

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• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish rising instances of strokes, injuries, and neurological diseases

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Rehabilitation Robots Market has witnessed significant growth in recent years due to the commercialization of technologically advanced equipment for medical applications. The approval process for these robots is stringent, ensuring user safety and device reliability. Rehabilitation robots are increasingly being used in hospitals and healthcare facilities for standard care hospitalization, particularly for chronic diseases such as musculoskeletal disorders and spinal cord injuries. The geriatric population, with a high prevalence of stroke, also benefits significantly from these therapy robots. Healthcare providers are adopting exoskeletons and other rehabilitation robots to enhance patient recovery and improve functional abilities. User safety and device reliability are top priorities, with regular maintenance ensuring optimal performance. The market faces challenges due to stringent regulations, but the potential benefits for patients make it a worthwhile investment. Medical applications of rehabilitation robots extend beyond physical therapy, with mental health and cognitive rehabilitation also gaining attention. As the market continues to evolve, we can expect to see even more innovative uses for these devices in healthcare settings.

Market Research Overview

The industrial machinery, supplies, and component market encompasses businesses involved in the production of industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers supplying equipment for industrial applications. Factors driving growth in this sector include expanding industrial production in process and discrete industries, fueled by rising demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages, primarily in developing countries.

The Rehabilitation Robots Market is experiencing significant growth, fueled by the rising instances of strokes, injuries, and neurological diseases. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/