Rehabilitation Robotics Market 2020
As technology continues to engulf every critical aspect of our life, an increasing number of innovations have spurred in recent years. Various technological advancements have replaced the traditional methods and have led to a better and healthy life. The rehabilitation robotics is one of the prime examples with solutions scattered all across the globe. The industry is poised to grow at a compound annual growth rate of 12.5% between the years 2019 to 2027 and is expected to cross a significant milestone by the year 2025.
Market Segment by Top Companies, this report covers
When it comes to rehabilitation robotics, there is a slew of factors that affect the growth prospects of the industry. The rise in disposable income, coupled with rising awareness among individuals, has helped the industry grow by leap and bound. Patients need permanent fixes to their inabilities, and with the development of lightweight and affordable solutions, the rehabilitation robotics has been evolving rapidly. The industry is still in its initial stages and is expected to see enormous demands in the next few years.
The rehabilitation robotics is still in its early stages of development and is expected to proliferate all across the globe. The industry is marked by its own set of challenges. From ensuring the perfect rehabilitation process among the elderly patients to making sure that the lower limbs function correctly in all climatic conditions, the options are endless. Ill-fitted limbs can cause more harm than good, and hence, a lot of development is still in the process before it could be commercialized on a large scale.
The rehabilitation robotics industry can be segmented into several categories and subcategories based on its application. Each segment plays a crucial role and allows individuals to have a look at the industry from multiple lenses. This ensures that the readers form an unbiased opinion on the industry. The industry can be segmented into two major categories, namely, the type and the application. Based on the application, the industry can be segmented into sports and orthopedic medicine, military strength training, and neurorehabilitation. On the other hand, based on the type of product, the industry can be broken down into lower extremity, exoskeleton, and upper extremity. Each product type has its advantages and disadvantages and hence allows companies to companies to use and modify the robotics as per the individual needs.
The rehabilitation robotics industry has a global presence. However, the industry finds its primary market in developed nations like the United States. The United States leads the race because of the increasing awareness of the sector and high per capita. On the other hand, Europe too shows some positive signs of growth for the same reasons. The Asia Pacific region also shows some significant signs of growth, and the industry is expected to grow by leap and bound in the area. The cheaper alternatives are expected to flood the market, thus sparking a fierce competition among the vendors.
Surrey Physio clinic hopes to raise $500,000 for their latest product. The startup ran a crowd funding event to make people aware of their product and how the team was planning to launch their product globally. The founders were too differently abled and hence came up with the idea to build solutions that can have a meaningful impact on the industry.
Table of Contents –Analysis of Key Points
1 Rehabilitation Robotics Market Overview
2 Manufacturers Profiles
3 Global Rehabilitation Robotics Market Competition, by Players
4 Global Rehabilitation Robotics Market Size by Regions
5 North America Rehabilitation Robotics Revenue by Countries
6 Europe Rehabilitation Robotics Revenue by Countries
7 Asia-Pacific Rehabilitation Robotics Revenue by Countries
8 South America Rehabilitation Robotics Revenue by Countries
9 Middle East and Africa Revenue Rehabilitation Robotics by Countries
10 Global Rehabilitation Robotics Market Segment by Type
11 Global Rehabilitation Robotics Market Segment by Application
12 Global Rehabilitation Robotics Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
List of Tables and Figures
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