Rehabilitation Robots Market 2023 Size, Share, Revenue Trends and Growth Drivers
The Rehabilitation Robots Market 2023 Size Forecast to 2030 research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.
The global rehabilitation robots market size stood at USD 529.8 million in 2018 and is projected to reach USD 2,617.3 million by 2026 exhibiting a CAGR of 22.1% between 2019 and 2026. The assistive technology aims to enhance the efficacy of medical treatment and to increase the ease of activities performed by patients with disabilities. Recently, in January 2019, Bionik Laboratories Corp. launched InMotion ARM/HAND robotic system for clinical rehabilitation of stroke survivors and those with mobility impairments due to neurological conditions. The introduction of new devices and the high investments by different key market players into rehabilitation robots will help in the rehabilitation robots market growth. Rehabilitation Robots Market Size, Share and Industry Analysis By Type (Therapeutic Robots, Exoskeleton Robots, Assistive Robots, Others), By End User (Rehabilitation Centers, Hospitals, Others), and Regional Forecast 2019-2026
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Market Growth Drivers:
The current global rehabilitation robots market is combined owing to the strong portfolio and diverse product offerings by major players in the rehabilitation robots products. CYBERDYNE INC., Ekso Bionics, and BIONIK are among the leading players in the global market. A well-established brand presence and a strong distribution channel have been contributory in the success of these players in the market. Other market players include ReWalk Robotics, Rex Bionics Ltd., Corindus, Inc., Hocoma, Bioxtreme, and others.
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Who are the Major Rehabilitation Robots Market Vendors?
- CYBERDYNE INC.
- Ekso Bionics
- ReWalk Robotics
- Rex Bionics Ltd.
- Corindus, Inc.
- Other Prominent Players
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favourable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period [2022 – 2029].
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