Robotic Rehabilitation and Assistive Technologies Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

According to the report published by Facts & Factors, the global Robotic Rehabilitation and Assistive Technologies market size was worth around USD 16,003.98 million in 2019 and is predicted to grow to around USD 32,536.87 million by 2026 with a compound annual growth rate (CAGR) of roughly 12.55% between 2020 and 2026. The report analyzes the global Robotic Rehabilitation and Assistive Technologies market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Robotic Rehabilitation and Assistive Technologies market.

The Robotic Rehabilitation and Assistive Technologies market report analyzes and notifies the industry statistics at the global, regional, and country levels to acquire a thorough perspective of the entire robotic Rehabilitation and Assistive Technologies market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in value (USD Million) from FY 2016 – 2026.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Robotic Rehabilitation and Assistive Technologies industry. The report analyzes and declares the historical and current trends analysis of the Robotic Rehabilitation and Assistive Technologies industry and subsequently recommends the projected trends anticipated to be observed in the Robotic Rehabilitation and Assistive Technologies market during the upcoming years.

Key Insights from Primary Research

• Our primary respondents believed the market to witness steady growth of 12.55%over the forecast period on account of well-developed systems for robotics electronics and voice assistive technology to handle and enhance companionships.
• Asia Pacific is likely to grow at the fastest CAGR in the near future. In the Asia Pacific area factors such as a rise in the aging population and increasing awareness of this technology are driving the growth of the robotic rehabilitation and assistive technologies industry.
• Regionally, the Asia-Pacific region is expected to boost the robotic rehabilitation and assistive technologies market and is estimated to be the is the fastest-growing regional market due to increased investments by industry players and increased awareness of oral health care among citizens.
• The market experts suggest investing in R&D activities to come up with newer, cheaper, and more efficient robotic rehabilitation and assistive technologies. They believe that these advanced systems will witness widespread acceptance across the value chain and even in the aftermarket.

Key Recommendations from Analysts

• Our analysts recommend focusing identifies main business opportunities in this market in the near future, not only will this help companies realize their competitive position in the global market for robotic recovery and assistive technology, but will also make strategic decisions to reach the most profitable areas in the near future.
• The development in the demand for recovery robots and assistive devices is also promoting the use of these devices to assist surgeons in different fields. On the flip side, the lack of awareness about this technology among the population especially in emerging economies and the high cost associated with robotic rehabilitation is a major factors hampering the development of the industry.
• The increasing prevalence of disabilities is fueling market growth in the Europe area.
• The executive summary of the report reads the total incremental opportunity underlying the global robotic rehabilitation and assistive technologies market is nearly USD 16,532.89 million between 2020 and 2026.

Robotic Rehabilitation and Assistive Technologies Market

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Robotic Rehabilitation and Assistive Technologies industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Robotic Rehabilitation and Assistive Technologies industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Robotic Rehabilitation and Assistive Technologies market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Robotic Rehabilitation and Assistive Technologies industry. The Robotic Rehabilitation and Assistive Technologies market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Robotic Rehabilitation and Assistive Technologies sector. Key strategic developments in the Robotic Rehabilitation and Assistive Technologies market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Robotic Rehabilitation and Assistive Technologies market are appropriately highlighted in the report.

The purchasing pattern of consumers worldwide is based on evolving technology trends. The market share is largely influenced by the software sales greatly impacted by different strata of populations

The Robotic Rehabilitation and Assistive Technologies market research report delivers an acute valuation and taxonomy of the Robotic Rehabilitation and Assistive Technologies industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the Robotic Rehabilitation and Assistive Technologies industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Robotic Rehabilitation and Assistive Technologies industry is provided for the leading economies of the world.

The market for Robotic Rehabilitation and Assistive Technologies is divided into product, portability, application, and region. The product segment is classified into humanoid, rehabilitation, surveillance & security, and socially assistive. The portability segment is divided into fixed and mobile. The application segment is classified into a fixed base and mobile. Based on application, the market is segmented into orthopedics, cognitive & motor skills, stroke, sports, and others.

Some of the essential players operating in the Robotic Rehabilitation and Assistive Technologies market, but not restricted include

•  Mazor Robotics Ltd.
•  Kinova
•  Intuitive Surgical Inc.
•  Interactive Motion Technologies
•  Instead Technologies
•  Health Robotics S.R.L.
•  Ekso Bionics
•  Bioxtreme Robotics Rehabilitation
•  AlterGinc and Accuray  Inc.

The taxonomy of the Robotic Rehabilitation and Assistive Technologies industry by its scope and segmentation is as follows:

Product Segment Analysis

• Surveillance & Security,
• Humanoid,
• Rehabilitation,
• Socially Assistive

Portability Segment Analysis

• Fixed base
• Mobile

Application Segment Analysis

• Stroke
• Orthopedics
• Cognitive & Motor Skills
• Sports
• Others

Regional Segment Analysis

• North America
  • The U.S.
  • Rest of North America
• Europe
  • Germany
  • The U.K.
  • France
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America 
  • Middle East and Africa