Asia Pacific Rehabilitation robots Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Therapeutic Robots, Prosthetic Robots, Assistive Robots, and Exoskeleton Robots), and End User (Rehabilitation Centers, Hospitals, and Specialty Clinics)
The rehabilitation robots market in APAC is expected to grow from US$ 132.71 million in 2021 to US$ 555.65 million by 2028; it is estimated to grow at a CAGR of 22.7% from 2021 to 2028. Research in rehabilitation robotics and the number of therapeutic rehabilitation robots are rising across the APAC. Japan and China, are witnessing the expansion of medical technology, resulting in a significant market for rehabilitation robots. In 2017, around 35.2 million people in Japan were 65 years old or above, according to the Ministry of Internal Affairs and Communications. This figure is predicted to jump to 36.2 million by 2020. Therefore, businesses are encouraged to invest in things for the region's older residents. Therefore, the increasing elderly population and a growing number of stroke-rending people immobile are among the significant factors driving the demand for rehabilitation robots. Robot rehabilitation therapy is used to deliver high-intensity training for patients suffering from motor disorders caused by spinal cord disease or stroke. Stroke is a top cause of severe long-term disability in the US, according to the Centers for Disease Control and Prevention (CDC). Fatigue, hemiparesis, and walking difficulty are a few effects of a stroke. Moreover, rehabilitation robots provide customized, task-oriented, prolonged, intensive, standardized, and repeatable training for patients affected by stroke or other nonprogressive brain lesions. These advantages of rehabilitation robots, and the rising demand for better and quicker healthcare services drive the growth of the overall rehabilitation robots market. Additionally, technological innovation in robotic rehabilitation is among the major the major factor driving the growth of the APAC rehabilitation robots market.
Based on end user, the rehabilitation centers segment led the Europe rehabilitation robots market in 2020. Rehabilitation centers are the facilities centers where the specific treatments are offered. These centers offer diagnosis as well as the assistance for disabilities due to stroke and cerebrovascular diseases, neuro-oncology, multiple sclerosis, and others. This segment's expansion is projected to be fueled by technological advancements in the healthcare industry and increased research and development efforts. Rehabilitation robots has played a critical role in healthcare institutions, particularly in rehabilitation centers, due to their numerous advantages, including their user-friendliness, stability, and technical advancement. Healthcare providers are increasingly relying on technological platforms to meet the rising demands of hospitals and patients. Thus, the research and development enable to study various conditions using advanced technological devices for diagnosing and treating different conditions. The clinics also offers best facilities of care and more personalized care to patients. Therefore, owing to the above-mentioned factors it is estimated that the market is estimated to propel during the forecast period.
The 2019 novel coronavirus (2019-nCoV), officially named as COVID-19 by the WHO, has spread to more than 170 countries, including China prompting the WHO to declare the disease as a global pandemic. From its epicenter in China, the novel coronavirus has spread to infect 514,179 people and cause no less than 18,440 deaths in at least 160 countries across a three-month span from January 2020 till date. These figures are according to the World Health Organization (WHO) Situation report as of March 25th. Accompanying the tragic loss of life that the virus has caused is the impact to the global economy, which has reeled from the effects of the pandemic. As research details emerge, the data pool grows exponentially, beyond the capacity of human intelligence alone to handle. The use of robots in the medical sector, to help in areas such as nursing, physical rehabilitation, and surgery, has been a particular priority in Japan and China. Thus, the outbreak of COVID-19 has prompted hospitals to speed up the clinical application of robotic technology in China and Japanese region. Advancements in robotic rehabilitation application such as rehab exercise, neuro robotic rehabilitation, among Others. This has no doubt aided the control of the COVID-19 pandemic and helped to curb its worst effects. Hence, such outbreaks continue, the need for new technological advanced products nationwide increases and thereby positively impacting the market.
The overall Europe rehabilitation robots market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Europe rehabilitation robots market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the Europe rehabilitation robots market. Cyberdyne Inc.; DIH Medical; Ekso Bionics Holdings Inc; Rewalk Robotics Ltd; Rex Bionics Ltd; Toyota Motor Corporation; and VINCENT MEDICAL HOLDINGS LIMITED are among the key players operating in the Europe rehabilitation robots market.
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