Rehabilitation Robots Market Size, Share & Trends Analysis Report By Type (Therapy Robots, Exoskeleton), By Extremity (Upper Body, Lower Body), By End-use- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

According to Nova one advisor, the global Rehabilitation Robots market size was estimated at USD 926.0 million in 2022 and is projected to hit around USD 1.80 billion by 2030, growing at a CAGR of 18.3% during the forecast period 2022 to 2030.

Key Takeaways:

• Exoskeleton dominated the market in 2022 with a 59.5% revenue share owing to the rising geriatric population and growing prevalence of conditions, such as spinal cord injuries and stroke, which are some of the factors boosting the adoption of exoskeletons
• The Lower Extremity segment is held the largest market share of 60.6%. However, the upper body is anticipated to grow with the fastest CAGR of 17.28%
• Hospitals & clinics held the largest market share of 48.0% in 2022. However, senior care facilities are expected to grow with the fastest CAGR value of 17.10% due to the rising percentage of the geriatric population
• North America dominated the Rehabilitation Robots market with 48.0% of the total share in 2021, whereas emerging economies such as the Asia Pacific are anticipated to exhibit the fastest growth with a CAGR of 24.4% over the forecast

The growth can be attributed to the rising per capita healthcare spending and rapid adoption of technologically advanced equipment in the healthcare sector. The rising prevalence of stroke and the rapidly growing population of older adults are some of the key driving factors responsible for the growth. Technological advancements are also playing a major role in supporting industry growth. Furthermore, increasing disorders such as cumulative trauma disorder, repetitive strain injury, and occupational overuse syndromes further impact the market positively.

The major factors driving the industry growth are the high per capita healthcare spending and rapid adoption of technologically advanced instruments. The demand for rehabilitation robots is increasing, as these are beneficial in improving the quality of life of individuals with conditions such as spinal cord injury, paralysis, and others. The rising number of product approvals by regulatory bodies such as the FDA is expected to further propel the growth in the forecast period. Increasing incidence of spinal cord injury and musculoskeletal disorders are driving the adoption of robots for rehabilitation purposes.

The high purchasing and maintenance costs of rehabilitation robots along with stringent approval procedures are some factors that may hamper the market growth in the coming future. Furthermore, COVID 19 also significantly impacted the industry growth. However, constant strategic initiatives in the form of product launches, partnerships, and acquisitions have increased the competition in the industry, thereby supporting growth. In addition, growing technological advancements and increasing expenditure by key players in R&D processes are one of the major factors boosting the market growth.

The lower body extremity held the largest revenue share of 60.6% in 2021. An increase in the prevalence of lower body disabilities, a rapidly aging population, and paralyzed patients are anticipated to boost the adoption, penetration, & growth of the lower-body exoskeleton market. Although, the upper body extremity is expected to have the fastest CAGR of 17.6% over the forecast period.

Hospitals & clinics held the largest market share of 48.0% in 2021. The growth is majorly attributed due to growing healthcare expenditure, and rapid adoption of advanced technology in healthcare facilities. However, senior care facilities are expected to grow with the fastest CAGR over the forecast period. The growth can be attributed to the growing demand for better healthcare facilities for senior citizens and the rising geriatric population.

North America held the largest share in the year 2022. The increasing prevalence of spinal cord injury in the region is fueling the market growth. The rising geriatric population and growing disabled population are among the factors boosting the adoption of rehabilitation robots. However, Asia Pacific is expected to grow with the fastest CAGR of 25.4% over the forecast period due to growing healthcare expenditure within the region.

Report Scope of the Rehabilitation Robots Market

Report Coverage	Details
Market Size	USD 1.80 Billion by 2030
Growth Rate	CAGR of 18.3% from 2022 to 2030
Largest Market	Asia Pacific
Fastest Growing Market	North America
Base Year	2021
Forecast Period	2022 to 2030
Segments Covered	Type, extremity, end-use and Region,
Companies Mentioned	TYROMOTION GMBH; Life Science Robotics ApS; Hocoma AG (DIH International Ltd.); Rex Bionics Ltd; Kinova Inc.; Rehab-Robotics Company Limited; ReWalk Robotics Ltd; Ekso Bionics Holdings Inc.; Cyberdyne Inc.; Bionik Laboratories Corporation

Type Insights

Exoskeleton held the largest revenue share of 59.5% in 2021. The growing elderly population is expected to contribute to an increase in the usage of exoskeletons. For instance, according to data published by European Commission in 2020, around 20.6% of the population in Europe was aged over 65. In addition, the prevalence of cerebral palsy, the most common childhood disability, is expected to increase the usage rate of exoskeleton robots.

The growing incidence of paralysis, spinal cord injury, and stroke is a key factor driving the growth of the segment. Increasing awareness and growing adoption of these exoskeletons in medical care are among the key factors boosting the market growth. Spinal cord injuries are among the major causes of impairments and disabilities in patients. Exoskeletons play a vital role in facilitating rehabilitation efforts in patients with spinal trauma and thus, driving industry growth.

However, therapy robots are expected to grow with the fastest CAGR of 18.5%. The growth can be attributed to the growing adoption of therapy robots by the healthcare sector, growing investment in R&D to build technologically advanced products and growing awareness about therapy robots.

End-use Insights

Based on end-use, the hospitals & clinics segment held the largest revenue share 48.0% in 2021. The growth is majorly attributed to growing healthcare expenditure and rapid adoption of advanced technology in healthcare facilities. Moreover, a large population with musculoskeletal disorders, spinal cord injury, and others tend to move to hospitals for rehabilitation services, thereby boosting the growth of the segment.

In addition, surging awareness regarding technologically advanced systems, along with a rise in the number of FDA approvals on medical exoskeletons, is anticipated to drive the segmental growth. The expansion of line up by key players for improving robotic technology to empower people to let people get back to their daily activities is one of the critical factors expected to drive the market over the forecast period.

However, senior care facilities are expected to grow with the fastest CAGR due to the rising population of older adults. Furthermore, growing government initiatives to build senior care facilities all over the world and increasing demand to provide better healthcare facilities for senior citizens further boost the market growth.

Extremity Insights

The lower body extremity held the largest share of 60.6% in 2021. An increase in the prevalence of lower body disabilities, a rapidly aging population, and paralyzed patients are anticipated to boost the adoption, penetration, & growth of the lower-body segment. The robotic lower-body exoskeleton is used as an assistance for paralysis of lower limbs and encourages muscle activity in the lower body. These are majorly used by frail elderly & and those suffering from multiple sclerosis, stroke victims, and people with severe gait impairments.

However, the upper body extremity is expected to show the fastest CAGR of 17.6% over the forecast period. This can be attributed to advantages associated with the utilization and adoption of robotic technologies for upper extremities, including neurological impairments, post-stroke rehabilitation, & musculoskeletal issues. In addition, upper body exoskeletons and robots support people with disability and help them manage their daily activities. Thus, driving the segment’s growth.

Regional Insights

North America dominated the rehabilitation robots industry in 2022 and accounted for the largest revenue share of 48.0%. The increasing prevalence of spinal cord injury in the region is fueling the market growth. The rising geriatric population and growing disabled population are among the factors boosting the adoption of rehabilitation robots. According to the 2020 datasheet published by CDC, around one in four persons in the country has some or the other form of disability.

Such statistics indicate the presence of a larger population that would benefit from the adoption of rehabilitation robots, thereby propelling regional growth. Furthermore, continuous development in technology and high research expenditure in the healthcare sector by government agencies are boosting the market growth in North America. The presence of private entities offering funds for R&D to develop technologically advanced products is further fueling the growth.

Asia Pacific is anticipated to register the fastest CAGR of 25.4% over the forecast period. The growing elderly population in the Asia Pacific is the leading cause for the adoption of rehabilitation robots. According to a report by World Bank, the geriatric population is expected to reach approximately 1.3 billion by the end of 2050. Moreover, the growing strategic initiatives, such as mergers & acquisitions, the launch of new products, and collaborations, are anticipated to boost the growth of the regional industry. Hence, these factors are anticipated to propel growth in the forthcoming years.

Some of the prominent players in the Rehabilitation Robots Market include:

• Tyromotion GmbH
• Life Science Robotics ApS
• Hocoma AG (DIH International Ltd.)
• Rex Bionics Ltd
• Kinova Inc.
• Rehab-Robotics Company Limited
• ReWalk Robotics Ltd
• Ekso Bionics Holdings Inc.
• Cyberdyne Inc.
• Bionik Laboratories Corporation

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Rehabilitation Robots market

• Type
• Therapy Robots
• Exoskeleton
• Extremity
• Upper Body
• Lower Body
• End-use
• Hospitals & Clinics
• Senior care facilities
• Homecare Settings

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Rehabilitation Robots industry analysis from 2022 to 2030 to identify the prevailing Rehabilitation Robots industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global Rehabilitation Robots industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Rehabilitation Robots industry trends, key players, market segments, application areas, and market growth strategies.