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Rehabilitation Robots Market size to increase by USD 1.95 billion during 2022-2027; Rising instances of strokes, injuries, and neurological diseases to drive the growth - TechnavioNEW YORK, Jan. 16, 2024 /PRNewswire/ -- The rehabilitation robots market size is expected to grow by USD 1.95 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 27.15% during the forecast period. The market is segmented by Product (UERR, LERR, FE, and TRR), End-user (Hospitals and clinics, Senior care facilities, and home care settings), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). The rising prevalence of strokes, injuries, and neurological diseases drives market growth. The rise in mobility-affecting conditions like strokes, spinal cord injuries, and neurological disorders drives the market for rehabilitation robots. Increased awareness and disposable income lead to higher adoption, particularly in developed nations, offering recovery alternatives amid therapy challenges, such as cost and therapist shortages. For additional data on Market Size (2017) Historic Year, Market Size - Forecasted Year, Historic Opportunity (2017-2021), Historic CAGR, Forecasted Opportunity (2023-2027), Market Opportunity Transformation Growth, and Market Opportunity Capitalization. View a Free PDF Sample
Key Highlights:
Market Dynamics: Trend
The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing the report Keg Segments: The UERR segment will be significant during the forecast period. The rising prevalence of upper-limb paralysis, notably caused by strokes, has driven the global demand for Upper Extremity Rehabilitation Robots (UERR). With strokes and other injuries leading to limited mobility, the shortage of therapy professionals has prompted the adoption of rehabilitation robots. These technologies aid patient recovery, facilitating daily activities and long-term therapy, contributing to substantial market growth. Get a glance at the market contribution of the segments, Request a FREE Sample Rehabilitation robots, a subset of medical robotics, encompass a diverse range of technologies such as robotic exoskeletons, neurorehabilitation devices, and motorized rehabilitation equipment. These assistive technologies play a pivotal role in physical therapy, offering innovative solutions for conditions like stroke or spinal cord injuries. With advancements in artificial intelligence, robotic prosthetics, and wearable rehabilitation technology, companies in the rehabilitation robotics market are driving personalized solutions. From pediatric rehabilitation robots to home-based systems, these devices incorporate haptic feedback, virtual reality, and adaptive robotics, ensuring comprehensive and effective therapeutic interventions. The market trends indicate a growing emphasis on balance rehabilitation robots, sensory feedback systems, and cognitive rehabilitation robots, shaping the future of rehabilitation technology. Related Reports: The grinding robots market size is estimated to grow at a CAGR of 6.73% between 2022 and 2027. The market size is forecast to increase by USD 58.44 million. The Global Packaging Robots Market size is estimated to grow at a CAGR of 10.33% between 2022 and 2027 and the size of the market is forecast to increase by USD 8.49 billion. ToC: Executive Summary Market Landscape Market Sizing Historic Market Sizes Five Forces Analysis Market Segmentation by Product Market Segmentation by End-user Market Segmentation by Geography Customer Landscape Geographic Landscape Drivers, Challenges, & Trends Company Landscape Company Analysis Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research
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