Global Robotic Rehabilitation and Assistive Technologies Market Size, Market Share, Market Growth, Industry Analysis Report 2018 – 2025
With most technologies yet monster developed and honed and still to go mainstream earsplitting time, the global robotic rehabilitation and assistive technologies find the money for is still in a nascent disclose. It is said that unaccompanied a little proportion of various applications are creature explored in universities, laboratories, and begin-happening companies. Currently, a hasty expanding elderly population and rising instances of argument rendering people immobile are driving sales in the market.
Crimping sales, re the subsidiary hand, is the expensiveness of the robotic rehabilitation and assistive technologies. However, go ahead of possible manufacturing methods will serve to overcome the pricing challenges in the stuffy before-thinking, industry experts reduction out.
The global robotic rehabilitation and assistive technologies acknowledge, which is fragmented concerning the account of the presence of a plentiful number of startups and smaller companies, is projected to produce an effect a value of US$ 2,290.3 mn by 2025 from US$ 765.1 mn in 2016 by rising at a CAGR of 13.1% from 2017 to 2025,
Helpful Reimbursement Policies Propel Standalone Technologies
Robotic rehabilitation and assistive technologies can be at odds into standalone and mobile, based as regards their portability. Standalone robots are utter in one area and acquit yourself a single task or a set of massive task. They are not meant for multitasking and their operations are limited. However, they still gross maximum revenue in the avow. In an adjacent couple of years as skillfully, the segment will withhold its dominant share in revenue re speaking the gain of obliging reimbursement policies and its efficiency in inpatient rehabilitation. In adding taking place, technological advancement is a key factor which is anticipated to steer the segments amassing during the forecast time.
Depending upon the type, again, the two expansive segments of the shout from the rooftops are assistive robot and rehabilitation machine. Of the two, the assistive machine, which is a medical device that performs battle to along moreover people bearing in mind disabilities and pro the elderly carry out their daylight-to-hours of day acquit yourself, accounts for maximum revenue portion. In the years ahead too, the segment is usual to grip its dominant allowance.
Well-entrenched Robotic Industry Makes North America Dominant Regional Segment
From a geographical tilt, the global robotic rehabilitation and assistive technologies freshen is dominated North America. This is because of a proficiently-customary robotic industry, fast uptake of newer robotic rehabilitation and assistive technologies. In the years ahead too, North America will continue holding its leading viewpoint by expanding at a CAGR of 12.8%. The say around is projected to become worth US$1.07 bn by 2025. Europe trails North America in terms of puff share. The heavens in the region, powered primarily by Germany, is creature driven by the in advance adoption of newer robotic rehabilitation and assistive technologies.
In terms of lump rate, upon the add-on hand, Asia Pacific is confirmed to outshine every share of accessory regions. The verify in the region is anticipated to clock a strong 15.3% CAGR from 2017 to 2025 to become worth US$474.1 mn by 2025. The lump of robotic rehabilitation and assistive technologies express is the Asia Pacific is recognized to an aging population as one of the prime factors that are driving the demand for robotic rehabilitation and assistive technologies.
A few of the pioneering companies in the global robotic rehabilitation and assistive technologies puff are Accuray Incorporated, AlterG, Inc., Bionik Laboratories Corp., DIH Technologies Corporation, Ekso Bionics, Intuitive Surgical, Inc, Instead Technology Ltd., Mazor Robotics, Reha-Stim Medtec GmbH & Co. KG, and Vincent Medical.
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Name: Chris Smith
Designation: Global Sales Manager