Global Robotic Rehabilitation and Assistive Technologies Market Size More Than Triples to Reach USD 6.16 Billion by 2030

Published | 09 January 2024

Global Robotic Rehabilitation and Assistive Technologies Market is flourishing due to a growing focus on the treatment and management of increasing prevalence of chronic diseases and disabilities among rapidly aging population across the regions.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Global Robotic Rehabilitation and Assistive Technologies Market size at USD 1.96 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Global Robotic Rehabilitation and Assistive Technologies Market size to boom at a robust CAGR of 21.03% reaching a value of USD 6.16 billion by 2030. The Global Robotic Rehabilitation and Assistive Technologies Market is propelled by the increasing use of physical therapy services to improve mobility in the elderly, as well as the growing adoption of advanced technology for rehabilitating individuals recovering from stroke. The increasing prevalence of disabilities and chronic conditions, such as stroke, Parkinson’s disease, and multiple sclerosis, is driving the demand for advanced robotic rehabilitation and assistive technologies. As the elderly population grows, so does the need for these technologies, as older individuals often require assistance with mobility and daily activities. Governments and private organizations are responding to this trend by increasing healthcare spending, aiming to improve care quality and patient outcomes. It, in turn, is expected to boost the adoption of advanced rehabilitation technologies in healthcare settings. Robotic solutions not only alleviate caregiver burdens but also support patients in independently performing daily tasks. The rising preference for home-based healthcare is set to further drive the demand for rehabilitation technologies suitable for home use. Also, the integration of artificial intelligence (AI) and machine learning (ML) promises a revolutionary impact on personalized and efficient rehabilitation treatments. In developing countries, a burgeoning market offers significant opportunities for manufacturers, especially with the increasing incorporation of these technologies into healthcare settings. Collaborations between technology firms and healthcare providers hold the potential to yield more advanced and effective rehabilitation solutions. Hence, such aspects are expected to boost the expansion of the Global Robotic Rehabilitation and Assistive Technologies Market during the period in analysis.

Impact of COVID-19 on Global Robotic Rehabilitation and Assistive Technologies Market

COVID-19 pandemic had a positive impact on the Global Robotic Rehabilitation and Assistive Technologies Market. Despite initial disruptions in the supply chain and interruptions in elective procedures, the market swiftly rebounded as healthcare systems adapted to the new normal. The pandemic underscored the significance of remote and home-based rehabilitation solutions, resulting in a heightened embrace of tele-rehabilitation and wearable technologies. Moreover, to mitigate the risk of infection transmission, the pandemic expedited the development of contactless and robotic-assisted rehabilitation methods. This adaptation to evolving circumstances reflects the resilience and innovation within the healthcare sector during these challenging times.

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Global Robotic Rehabilitation and Assistive Technologies Market

Segmental Information

Global Robotic Rehabilitation and Assistive Technologies Market – By Application

On the basis of application, the Global Robotic Rehabilitation and Assistive Technologies Market is split into Post-surgery and Cognitive & Motor Skill Therapy segments. The cognitive & motor skill therapy segment holds a higher share in the Global Robotic Rehabilitation and Assistive Technologies Market by application. It can be attributed to the increasing demand for cognitive-behavioral therapy (CBT) and its heightened efficacy in treating depression and anxiety. CBT has shown substantial improvement (50–70%) with 5–15 sessions alone. Robotic and assistive technologies offer a virtual environment for practicing CBT skills, aiding those with mental health conditions. Providing a safe, non-judgmental space, these technologies enhance symptom management. Also, they improve strength, coordination, and function, tailored to individual needs, making them a highly personalized therapy. These factors are expected to significantly contribute to the segment's growth in the forecast period.

Global Robotic Rehabilitation and Assistive Technologies Market – By Region

The in-depth research report on the Global Robotic Rehabilitation and Assistive Technologies Market covers the market in a number of major countries across five regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America region dominates the Global Robotic Rehabilitation and Assistive Technologies Market due to the extensive presence of market players, advanced healthcare infrastructure, and favorable reimbursement policies. Meanwhile, Europe is expected to witness the fastest growth during the forecast period. It can be attributed to rapid advancements in healthcare-focused robotic technologies. For instance, the collaborative development of an advanced robotic exoskeleton in the UK, designed to aid stroke patients in rehabilitation. This wearable structure offers lightweight and adjustable support. The region's growing population with disabilities seeks assistance for daily activities, and evolving technological infrastructure facilitates their access to services. Also, the population's proclivity for embracing new technologies is fostering increased demand for robotic rehabilitation and assistive technologies in Europe.

Competitive Landscape

Major players operating in Global Robotic Rehabilitation and Assistive Technologies Market include CYBERDYNE, INC., Bionik Laboratories, Ekso Bionics, DIH Technologies Corporation, Labrador Systems, ReWalk Robotics, Hocoma, Tyromotion, Syrebo, and AXINESIS. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The report's in-depth analysis provides information about growth potential, upcoming trends, and the Global Robotic Rehabilitation and Assistive Technologies Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Robotic Rehabilitation and Assistive Technologies Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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