The global robotic rehabilitation and assistive technologies market will likely expand at a CAGR of 13.1% from 2017 to 2025. Rising at this pace, the market which was worth US$ 765.1 mn in 2016 is projected to attain a value of US$ 2,290.3 mn by 2025.

Albany, NY -- (SBWire) -- 02/14/2018 --Robotic Rehabilitation and Assistive Technologies Market: Overview

The robotic rehabilitation and assistive technologies market accounts for rehabilitation robots and assistive technology robots. A robot is a mechanical and virtual intelligent agent that is guided by a computer program. An assistive robot is a medical device that performs action to benefit people with disabilities and geriatric population in their daily living. A rehabilitation therapy robot requires two users at a time – a person with disability who receives the therapy and a therapist who sets and monitors the interaction of the robot. The therapy received by the patient during rehabilitation includes upper and lower extremity movement therapy, cerebral palsy therapy for children, and therapy for children with autism and other developmental disabilities.

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Standalone robots include those robots that are fixed in one place and perform a single task or a set of fixed task. A mobile robot is one that is specifically designed to provide diagnostics or therapeutic benefits to disabled people. It is portable in nature and multitasking. The cognitive aid and motor skill therapy are provided to people who have dementia, autism, or other disorders that affect communication and physical well-being.

Robotic rehabilitation therapy and assistive technologies are dramatically transforming the landscape of the health care industry and lifestyle of patients and disabled persons. Manufacturers are stepping up the development of health care rehabilitation robots because the global market for such equipment is expected to grow rapidly. The rapid growth of the robotic rehabilitation and assistive technologies is driven by a blend of technological improvements such as use of more efficient motors, compact and light materials, power back-up and sophisticated controls and safety mechanisms.

A few of the pioneering companies in the global robotic rehabilitation and assistive technologies market are Accuray Incorporated, AlterG, Inc., Bionik Laboratories Corp., DIH Technologies Corporation, Ekso Bionics, Intuitive Surgical, Inc, Instead Technology Ltd., Mazor Robotics, Reha-Stim Medtec GmbH & Co. KG, and Vincent Medical.

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Robotic rehabilitation and assistive technologies market by application has been segmented into surgery, cognitive and motor skill therapy and others. By application, surgery dominated the global robotic rehabilitation and assistive technologies market. The segment is likely to retain its dominant position in the years to come.

Geographically, the key regions in the global robotic rehabilitation and assistive technologies market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Currently, Asia Pacific, driven primarily by Japan, is growing at a maximum pace. The report by TMR predicts the market to clock a CAGR of 15.3% CAGR during the period between 2017 and 2025. A rising pool of elderly is mainly serving to boost demand in the market. However, developing countries in the region are somewhat lagging in sales of robotic rehabilitation and assistive technologies on account of their expensiveness.

The medical robotics market has just begun to take hold over the health care industry. Surgical robots aid surgeons to perform complex minimally invasive procedures; some robots assist in improving accuracy of radiation treatment for cancer and assist in rehabilitation of disabled patients. They hold out a lot of promise for the healthcare sector. The market for robotic rehabilitation and assistive technologies is being driven mainly by the burgeoning geriatric population worldwide and the increasing instances of stroke – both of which rob people of their ability to move about in lesser or greater degree.

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The market for robotic rehabilitation and assistive technologies is also being boosted by technological progress leading to the use of more efficient motors, compact and light materials, power back-up, and sophisticated controls and safety mechanisms.

Steep Prices Arrest Soaring Sales

One factor hampering sales, on the flipside, is the steep price of assistive robots. The price to performance ratio is not viable owing to the high cost of development combined with a relatively low benefit for patients and clinics. However, improvement in production methods and helpful reimbursement policies is helping overcome such challenges.

Robotic Rehabilitation and Assistive Technologies Market : Scope of Report:

Global Robotic Rehabilitation and Assistive Technologies, by Type

Assistive Robot
Rehabilitation Robot

Global Robotic Rehabilitation and Assistive Technologies, by Portability

Standalone
Mobile

Global Robotic Rehabilitation and Assistive Technologies, by Application

Surgery
Cognitive and Motor Skill Therapy
Others

Global Robotic Rehabilitation and Assistive Technologies, by Geography

North America
Europe
Asia Pacific
Latin America
Middle East & Africa