Published on : Nov 03, 2017
Albany, New York, November 3, 2017: The global market for robotic rehabilitation and assistive technologies that held a value of US$ 765.1 mn during 2016 is expected to grow significantly to a value of US$ 2,290.3 mn by the end of 2025 with 13.1% CAGR from 2017 to 2025, according to a comprehensive report titled “Robotic Rehabilitation and Assistive Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” which has recently been added into the database of “Market Research Hub (MRH)”.
Rehabilitation robotics is a field of research aims to understand and augment rehabilitation using application of robotic devices. In this research field, robots are used primarily as therapy aids. On the other hand, assistive technology assists people with disabilities and empowers them to perform tasks independently that they were unable to achieve earlier by providing technology enhancements.
In the report, global robotic rehabilitation and assistive technologies market has been segmented into four categories which are type, portability, application and geography. The category type is segmented into Assistive Robot and Rehabilitation Robot. Among both categories, the Assistive Robot is estimated to hold largest market share by 2025.
The portability segment has been categorized into standalone and mobile. Standalone is predicted to hold largest market share by 2025 whereas mobile segment is expected to grow substantially in terms of CAGR during forecast period. The application segment is further categorized into surgery, cognitive and motor skill therapy and others. As per the report, the surgery application dominates the market for global robotic rehabilitation and assistive technologies and will continue to perform so by the end of 2025.
The global robotic rehabilitation and assistive technologies market is segmented into five regions geographically which are Latin America, Middle East & Africa, North America, Europe and Asia Pacific. The report further segments these region in terms of countries, type, portability and applications. According to the report, North America region has been dominating the market for robotic rehabilitation and assistive technologies however it is anticipated that it will lose its market share to Asia Pacific region by 2025.
The report also focuses on the competition involved in global robotic rehabilitation and assistive technologies market which will assist new entrants to establish their presence and existing players to grow their market share. The report lists some of the key companies and also profiles them in terms of company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments.
The list of key companies operating in the global robotic rehabilitation and assistive technologies market shared in the report are Vincent Medical, Reha-Stim Medtec GmbH & Co. KG, Mazor Robotics, Instead Technology Ltd., Intuitive Surgical, Ekso Bionics, DIH Technologies Corporation, Bionik Laboratories Corp., AlterG and Accuray Incorporated.
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