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Escalating Geriatric Population in Sync with Robotic Rehabilitation and Assistive Technologies Market

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Published on : Nov 29, 2017

ALBANY, New York, November 29, 2017: ResearchMoz.us notifies the availability of a new business intelligence study in its repository, titled “Robotic Rehabilitation and Assistive Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.” The report, a business decision making tool developed by a group of professional and experienced research analysts, aspires to serve as a reliable tool for its targeted audiences such as medical robotic and manufacturers of related devices, hospitals and diagnostic centers, assistive robotic suppliers and distributors, ambulatory surgery centers, government bodies, and venture capitalists.

The report provides in-depth analysis of various factors that will augment or restrain the demand in the near future, segments it on the basis of type, portability, and application, gauges the potential of the market in various regions and countries, and profiles some of the key companies in its elaborated chapter on competitive landscape. While the market for robotic rehabilitation and assistive technologies is still in nascent stage, its potential to revolutionize various aspects of the healthcare industry has been proven and future seems highly profitable for the vendors of the market.

As per the projections of the report, the demand in the global robotic rehabilitation and assistive technologies market will increment at an impressive CAGR of 13.1% during the forecast period of 2017 to 2025. The analysts of the report have estimated that the opportunities in robotic rehabilitation and assistive technologies market will translate into a revenue of US$2,290.3 mn by 2025, significantly up from its evaluated worth of merely US$765.1 mn in 2016. This prosperity of the market is a reflection of the need to efficiently perform medical procedures particularly for geriatrics and people with disabilities. These robots go a long way in easing the daily living activities of aged individuals. 

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Based on product type, the report segments the global robotic rehabilitation and assistive technologies market into assistive robot and rehabilitation robot. Among these two, the segment of assistive robot, which primarily is a devices that can perform medical actions for disable people, serves the maximum demand and is expected to remain dominant throughout the forecast period. On the basis of portability, the market has been bifurcated into standalone and mobile, with the former providing for the maximum demand despite not being able to perform multiple tasks, which is a reflection of its cost in comparison to mobile robotic rehabilitation and assistive technologies. Application-wise, the report categorizes the market for medical robotics into surgeries, cognitive and motor skill therapy, and others, with surgery emerging as most profitable segment.

Geographically, the report highlights strong potential for robotic rehabilitation and assistive technologies in the region of North America, which is primarily driven by the developed country of the U.S. wherein adoptability of new technology is strikingly high. By 2025, the North America medical robotics market is projected to produce a revenue of US$1.07 bn, expanding at a CAGR of 13.1%. On the other hand, Asia Pacific is quickly turning into a highly lucrative region, gaining maximum traction from the country of Japan. The Asia Pacific market is estimated to be worth US$474.1 mn by 2025.

As far as the competitive landscape is concerned, the report observes a highly open market that has a small chunk of companies participating. Some of the notable companies operating in this market are Bionik Laboratories Corp., Accuray Incorporated, AlterG, Inc., DIH Technologies Corporation, Intuitive Surgical, Inc., Ekso Bionics, Instead Technology Ltd., Reha-Stim Medtec GmbH & Co. KG, Mazor Robotics, and Vincent Medical. In the near future, a number of other companies with technological expertise are expected to join in and intensify the competition.

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