PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1299769
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1299769
Robotic rehabilitation and assistive technologies Market size was valued at USD 1,809.7 Million in 2022, expanding at a CAGR of 13.8% from 2023 to 2030.
Robotic rehabilitation and assistive technologies are being rapidly adopted for advanced medical technologies in the healthcare sector. In addition, it is designed to help patients with physical injuries, disabilities, and chronic conditions regain their functional abilities and perform daily activities. Moreover, these technologies include assistive robots, robotic exoskeletons, wearable sensors, and other advanced rehabilitation devices that can assist patients to improve their coordination, strength, and mobility.
An increase in healthcare spending, advancements in robotics technology, the growing elderly population, and the rising prevalence of disabilities & chronic diseases such as Parkinson's disease, multiple sclerosis, and stroke are major factors expected to drive the robotic rehabilitation and assistive technologies market growth. In addition, these individuals require mobility, assistance, and other daily activities. However, increasing development costs and workforce shortage in assistive technology may hamper the market growth for robotic rehabilitation and assistive technologies.
Moreover, private and government organizations are growing their healthcare spending to enhance patient outcomes and improve the quality of care. This in turn propels the demand for robotic rehabilitation and assistive technologies. The COVID-19 pandemic had a positive impact on robotic rehabilitation and assistive technologies globally. The assistive and rehabilitation robotics market provides opportunities for robotic rehabilitation and assistive technology manufacturers. Additionally, innovations in assistive technologies and innovations have directed the development of robotic exoskeleton suits that facilitate paraplegic patients to decrease the use of wheelchairs.
The Global Robotic Rehabilitation and Assistive Technologies Market are segmented on the basis of Product Type, Application, Portability, and Region.
The market is divided into four categories based on product type: surveillance & security, humanoid, rehabilitation, and socially assistive. The rehabilitation sector is likely to maintain its dominance. It is designed to assist individuals to recover from disabilities and injuries through physical therapy.
The market is divided into two categories based on application: post-surgery, cognitive & motor skill therapy, and others. Cognitive & motor skill therapy holds the largest market share. This is partly due to an increase in stroke and chronic disease globally.
The market is divided into two categories based on portability: standalone and mobile. The standalone sector is expected to possess the market. It supports the moment of wrists and hands, which in turn help the segment to hold the largest market share.
Market players in the worldwide robotic rehabilitation and assistive technologies market are focusing on adopting purchase & distribution agreements, new product development strategies to strengthen their product portfolios, research collaboration, and geographic presence in the national and international markets. Moreover, the continuous development of assistive technology owing to advancements in medical engineering offers opportunities to enhance the market growth. Additionally, the growing need for assistance among people with mobility challenges and the increase in popularity of robotics is estimated to drive the market growth.
This proposed research study on robotic rehabilitation and assistive technologies market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for robotic rehabilitation and assistive technologies market.
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the robotic rehabilitation and assistive technologies market.
Impact of COVID-19 on robotic rehabilitation and assistive technologies market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on robotic rehabilitation and assistive technologies market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the robotic rehabilitation and assistive technologies market, we have also included competitive landscape and key innovator analysis for the robotic rehabilitation and assistive technologies market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offersdetailed company profiling featuring major market participantswhich will help users to understand their financial information and strategic initiatives of players operating in the robotic rehabilitation and assistive technologies market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global robotic rehabilitation and assistive technologies market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts.
The scope of this report covers the market by its major segments, which include as follows: