Rehabilitation Robots Market Share

North American Market Forecast

North America industry is poised to account for largest revenue share of 35% by 2037. This can be attributed on the back of the remarkable deployment of advanced technology in the region, combined with the growing healthcare sector. The International Federation of Robotics (IFR) release the World Robotics 2020 Industrial Robots report, which showed that 293,200 units of industrial robots were operating in factories in the United States in 2020. Meanwhile, 2.7 million industrial robots were operating in factories and industries around the world. Moreover, the rising FDA approvals for medical exoskeletons and rising awareness of technologically sophisticated systems would fuel market expansion in the region.

APAC Market Analysis

On the other hand, the market in the Asia Pacific region is anticipated to witness notable market growth of 27% over the estimated period on the back of noteworthy increment in the adoption of robots in each sector. Aging societies in the Asia-Pacific region, such as Japan and China, are driving the growth of the medical device and medical device testing industry, creating a huge market for rehabilitation robots in the region. Stroke is one of the leading causes of adult disability in China. This has led to increased awareness of robotic therapy and stimulated investment in this technology. In 2018, Avicrobot (a subsidiary of the Aviation Industry Corporation of China) developed a lower extremity rehabilitation robot. The company also collaborated with Xijing Hospital (China) to develop the robot. Together they founded the Rehabilitation Robot Research Center and provided data support for such robots.