Global Rehabilitation Robots Market: Overview
Products in the global rehabilitation robots market are utilized in the process of recuperation for the differently abled or physically challenged patients in balancing, standing up, and maintaining gait. These products in the global rehabilitation robots market are expected to keep up with the human patients and hence manufacturers in the industry ensure that their movements are consistent with the progress of the patient. Rising investments by several industry players as well as introduction of technologically advanced new products is expected to drive the global rehabilitation robots market in coming years.
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Global Rehabilitation Robots Market: Major Trends and Drivers
Increase in the geriatric population is one of the key drivers for the global rehabilitation robots market. Moreover, some of the other motivators for the global rehabilitation robots market include increasing usage of robot assisted training in the field of rehabilitation therapy as well as increasing incidence of patients suffering from strokes. However, high cost associated with these robots may hamper the growth in the global rehabilitation robots market in coming years.
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Furthermore, the products in the global rehabilitation robots market receive impressive demand owing to their features and benefits such as offering customized, prolonged, standardized, reproducible, task oriented, and intensive training therapy to patients affected by non-progressive brain legions or stroke. These characteristics of the products in the global rehabilitation robots market are expected to garner additional momentum in the global rehabilitation robots market in coming years.
Global Rehabilitation Robots Market: Key Players and Manufacturers
Players and manufacturers operating within the global rehabilitation robots market are significantly adopting the strategy of product innovation in order to meet the constantly evolving consumer demands. They are also focused on developing new technologies which would enable them to produce and market new and more compatible products in the global rehabilitation robots market. Some of the major and leading players operational within the global rehabilitation robots market include Bionik Laboratories Corporation, Ekso Bionics Holdings Inc., Hocoma Ag, Kinova Inc., Toyota Motor Corporation, Cyberdyne Inc., Rewalk Robotics Ltd., Rehab Robotics Company Limited, Rex Bionics Ltd., and Myomo Inc., among others.
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Global Rehabilitation Robots Market: Regional Assessment
Key regions involved in the consumption and production in the global rehabilitation robots market include North America, Middle East and Africa, Asia Pacific, Europe, and South America. Among these, North America region led the global rehabilitation robots market in recent past. This trend can be attributed to rapid and significant adoption of advanced and next generation technologies in the region, presence of favourable reimbursement policies, and relatively higher per capita healthcare expenditure in the region.
Another region expected to record significant growth rate in the global rehabilitation robots market in coming years in Asia Pacific. Rising demand in the global rehabilitation robots market from Asia Pacific region can be attributed to rising awareness amongst regional population about various severe conditions such as dementia and Alzheimer’s disease. Furthermore, high number of disabled or physically challenged population in Asia Pacific is also driving the demand in the global rehabilitation robots market in Asia Pacific.
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