Rehabilitation Robot Market Report 2024 (Global Edition)

Global Rehabilitation Robot Market Report 2024 Market Size Split by Type (Therapy Robots, Exoskeleton, Extremity Outlook, Upper Body, Lower Body), by End-use (Hospitals & Clinics, Senior Care Faciliti...

Rehabilitation Robot Market Report Description

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Rehabilitation Robot Market Insights Video

Competitive Landscape of the Rehabilitation Robot Market

The market for rehabilitation robots is fragmented, with numerous big corporations and smaller to medium-sized businesses vying for market share. Manufacturers of rehabilitation robots rely heavily on the creation and introduction of innovative devices with increased effectiveness and affordability as a means of capturing market share and spurring innovation in the sector. With a focus on innovation, firms hope to improve patient outcomes and meet the growing demand for advanced rehabilitation robots while also addressing evolving clinical needs. This will help them acquire market share.

September 2023: For its novel rehabilitation technique, which is especially useful for those with movement problems in their upper extremities, Bionik Laboratories was granted a U.S. patent. This patent bolsters Bionik's portfolio of intellectual property and demonstrates the company's dedication to creating state-of-the-art products that use cutting-edge technology to enhance patient lives. (Source: https://www.medicaldevice-network.com/news/bionik-receives-patent-rehabilitation-technology/ ) August 2023: AlterG was purchased by ReWalk Robotics, a US-based medical device firm that creates and sells cutting-edge technology for patients with neurological disorders, for $19 million. It is anticipated that the acquisition will increase patient access to cutting-edge rehabilitation technologies for use in homes and clinics. Based in the US, AlterG produces mobility-enhancing devices for neurological and physical rehabilitation. (Source: https://ir.golifeward.com/news-releases/news-release-details/rewalk-robotics-announces-closing-acquisition-alterg ) June 2022: The U.S. Food and Drug Administration (FDA) granted Ekso Bionics Holdings, Inc. 510(k) authorization to market the EksoNR robotic exoskeleton for use with patients suffering from Multiple Sclerosis (MS). With a wider range of patients now able to use the device, this approval strengthened the company's client base and improved its standing in the marketplace. (Source: https://ir.eksobionics.com/press-releases/detail/729/ekso-bionics-receives-fda-clearance-to-market-its-eksonr )

Top Companies Market Share in Rehabilitation Robot Industry: (In no particular order of Rank)

• Fourier Intelligence
• Leaders Rehab Robot Co. Ltd.
• AlterG
• Cyberdyne Inc.
• DIH Medical
• Ekso Bionics Holdings Inc.
• TYROMOTION GMBH
• Bionik Laboratories Corporation
• Bioxtreme
• ReWalk Robotics
• Rex Bionics Ltd
• MediTouch
• Rehab-Robotics Company Limited
• Reha-Stim Medtec AG
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Rehabilitation Robot Market

Which Region Dominates the Rehabilitation Robot Market in 2024?

According to Cognitive Market Research, North America currently dominates the Rehabilitation Robot market, and the region is expected to have significant growth during the projected period. The rising incidence of spinal cord injuries in the area is driving the expansion of the market. One of the elements driving the adoption of rehabilitation robots is the growing number of disabled people and the aging population. Approximately one in four people (28.7%) in the US have a disability of some kind, according to the 2020 Dataset released by the CDC. These figures suggest that there is a greater population that could profit from the use of rehabilitation robots, which would spur local development.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Rehabilitation robot adoption is mostly driven by the Asia Pacific region's aging population. The number of people 60 and older worldwide will double (to 2.1 billion) by 2050. Between 2020 and 2050, there will be three times as many people 80 years of age or older—426 million people. Furthermore, the increasing number of strategic initiatives—including joint ventures, product launches, and mergers and acquisitions—are projected to support the expansion of the local sector. For this reason, it is expected that these variables will drive growth in the upcoming years.

The current report Scope analyzes Rehabilitation Robot Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Rehabilitation Robot

According to Cognitive Market Research, the global Rehabilitation Robot market size was estimated at USD 228.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 91.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Rehabilitation Robot market with a market size of USD 72.15 million in 2024 and is projected to grow at a CAGR of 16.2% during the forecast period It is projected that the rising incidence of these illnesses in this nation will propel market expansion.
• The Canada Rehabilitation Robot market had a market share of USD 10.97 million in 2024 and is projected to grow at a CAGR of 17.2% during the forecast period because of the increased use of cutting-edge technologies, relatively higher per-person healthcare spending, and appropriate reimbursement guidelines.
• The Mexico Rehabilitation Robot market is projected to witness growth at a CAGR of 16.9% during the forecast period, with a market size of USD 8.32 million in 2024.

Europe Rehabilitation Robot

According to Cognitive Market Research, the global Rehabilitation Robot market size was estimated at USD 228.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 68.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.7% from 2024 to 2031.

• The United Kingdom Rehabilitation Robot market had a market share of USD 11.52 million in 2024 and is projected to grow at a CAGR of 17.5% during the forecast period due to the increasing knowledge regarding illnesses such as Alzheimer’s, and dementia.
• The France Rehabilitation Robot market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 6.31 million in 2024.
• According to Cognitive Market Research, the German Rehabilitation Robot market size was valued at USD 13.58 million in 2024 and is projected to grow at a CAGR of 16.9% during the forecast period driven by an older population, higher healthcare spending, and a strong healthcare infrastructure.
• The Italy Rehabilitation Robot market is projected to witness growth at a CAGR of 16.1% during the forecast period, with a market size of USD 5.90 million in 2024.
• The Russia Rehabilitation Robot market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD 10.63 million in 2024.
• The Spain Rehabilitation Robot market is projected to witness growth at a CAGR of 15.8% during the forecast period with a market size of USD 5.62 million in 2024
• The Luxembourg Rehabilitation Robot market is projected to witness growth at a CAGR of 16.8% during the forecast period, with a market size of USD 2.13 million in 2024.
• The Portugal Rehabilitation Robot market is projected to witness growth at a CAGR of 16.5% during the forecast period, with a market size of USD 1.44 million in 2024.
• The Greece Rehabilitation Robot market is projected to witness growth at a CAGR of 17.0% during the forecast period, with a market size of USD 0.82 million in 2024.
• The Rest of Europe's Rehabilitation Robot market is projected to witness growth at a CAGR of 15.4% during the forecast period, with a market size of USD 10.63 million in 2024.

Asia Pacific Rehabilitation Robot

According to Cognitive Market Research, the global Rehabilitation Robot market size was estimated at USD 228.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 52.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Rehabilitation Robot market size was valued at USD 23.66 million in 2024 and is projected to grow at a CAGR of 19.7% during the forecast period. It is expected that the increased incidence of these disorders in this nation will push market expansion.
• The Japan Rehabilitation Robot market is projected to witness growth at a CAGR of 18.7% during the forecast period, with a market size of USD 7.26 million in 2024.
• The India Rehabilitation Robot market had a market share of USD 6.31 million in 2024 and is projected to grow at a CAGR of 22.0% during the forecast period due to the growing usage of advanced technologies, comparatively higher healthcare costs per capita, and suitable reimbursement policies.
• The South Korean Rehabilitation Robot market is projected to witness growth at a CAGR of 19.3% during the forecast period, with a market size of USD 5.26 million in 2024.
• The Australian Rehabilitation Robot market is projected to witness growth at a CAGR of 19.9% during the forecast period, with a market size of USD 2.73 million in 2024.
• The South East Asia Rehabilitation Robot market is projected to witness growth at a CAGR of 21.2% during the forecast period, with a market size of USD 3.63 million in 2024.
• The Rest of Asia Pacific Rehabilitation Robot market is projected to witness growth at a CAGR of 20.0% during the forecast period, with a market size of USD 3.73 million in 2024.

South America Rehabilitation Robot

According to Cognitive Market Research, the global Rehabilitation Robot market size was estimated at USD 228.6 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 11.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Rehabilitation Robot market size was valued at USD 4.89 million in 2024 and is projected to grow at a CAGR of 18.2% during the forecast period because our understanding of diseases like dementia and Alzheimer's is growing.
• Argentina's Rehabilitation Robot market had a market share of USD 18.5 million in 2024 and is projected to grow at a CAGR of 1.92% during the forecast period driven by a robust healthcare system, increased healthcare spending, and an aging population.
• Colombia Rehabilitation Robot market is projected to witness growth at a CAGR of 17.4% during the forecast period, with a market size of USD 1.09 million in 2024.
• Peru Rehabilitation Robot market is projected to witness growth at a CAGR of 17.8% during the forecast period, with a market size of USD 0.94 million in 2024.
• Chile Rehabilitation Robot market is projected to witness growth at a CAGR of 17.9% during the forecast period, with a market size of USD 0.82 million in 2024.
• The Rest of Latin America's Rehabilitation Robot market is projected to witness growth at a CAGR of 16.7% during the forecast period, with a market size of USD 1.84 million in 2024.

Middle East and Africa Rehabilitation Robot

According to Cognitive Market Research, the global Rehabilitation Robot market size was estimated at USD 228.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 4.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.9% from 2024 to 2031..

• The GCC Countries Rehabilitation Robot market is projected to witness growth at a CAGR of 18.7% during the forecast period, with a market size of USD 1.96 million in 2024 because of the expanding use of cutting-edge technologies, relatively greater healthcare expenses per person, and appropriate reimbursement guidelines.
• The Egypt Rehabilitation Robot market is projected to witness growth at a CAGR of 18.2% during the forecast period, with a market size of USD 0.48 million in 2024.
• The South Africa Rehabilitation Robot market is projected to witness growth at a CAGR of 18.9% during the forecast period, with a market size of USD 0.72 million in 2024 because the knowledge of illnesses like dementia and Alzheimer's is expanding.
• The Turkey Rehabilitation Robot market is projected to witness growth at a CAGR of 17.4% during the forecast period, with a market size of USD 0.39 million in 2024.
• The Nigeria Rehabilitation Robot market is projected to witness growth at a CAGR of 17.0% during the forecast period, with a market size of USD 0.48 million in 2024.
• The Rest of the MEA Rehabilitation Robot market is projected to witness growth at a CAGR of 16.9% during the forecast period, with a market size of USD 0.54 million in 2024.

Rehabilitation Robot Market Analysis

Rehabilitation Robot Market Type Segment Analysis

According to Cognitive Market Research, exoskeleton category is likely to dominate the Rehabilitation Robot Market over the forecast period. Robotic exoskeletons may be a useful rehabilitation tool for regaining movement and boosting physical activity levels years after an accident. Robotic exoskeletons can help people stand and walk more, sit less, and interact more with family and friends. Reduced sitting time can benefit patients and mitigate some of the common negative health impacts, hence promoting adoption and driving revenue growth in the market.

The therapy robot is the fastest-growing segment in the Rehabilitation Robot Market. Robotics can increase training intensity by being combined with engaging social and gaming elements to increase patient throughput by enabling multiple patients to receive treatment from a single therapist at the same time and enable guided motor training remotely through telerehabilitation, which is fueling the therapy robot category's revenue growth.

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Rehabilitation Robot Market End-use Segment Analysis

According to Cognitive Market Research, the hospitals & clinics segment dominates the market. Improved healthcare infrastructure, advantageous reimbursement rules, and the availability of experienced healthcare personnel are the reasons behind the rise in hospital patient numbers seeking treatment for different physiological traumas. Furthermore, these robots are made to give patients individualized therapy that would help them restore their independence and movement.

Senior care facilities is projected to be the fastest-growing segment in the Rehabilitation Robot market driven by the global aging population's growth and the facilities' growing need for sophisticated care solutions. Rehabilitation robots are becoming increasingly commonplace because they enable older patients to live better lives by increasing mobility, speeding up recovery, and reducing the need for physical therapy and rehabilitation. The need for dependable, affordable care alternatives and the scarcity of healthcare workers are the other factors driving the demand for automation and assistive technologies in senior care.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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