Robotic Rehabilitation and Assistive Technologies Market Size

Robotic Rehabilitation And Assistive Technologies Market size was over USD 2.28 Billion in 2023 and is projected to exceed USD 12.24 Billion by the end of 2036, growing at over 13.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of robotic rehabilitation and assistive technologies is evaluated at USD 2.59 Billion. The market is projected to grow on the back of an increase in the elderly population, and better survival rates from illnesses such as cerebrovascular accidents. Along with this, the demand for physical therapy services has increased dramatically, which is fueling growth in the market. According to the World Health Organization, around the world, annually 15.5 million people experience a stroke each year. About 5.5 million of them pass away, and another 5 million become permanently crippled.

Global robotic rehabilitation and assistive technologies market trends such as, increasing utilization of robotics in rehabilitation operations, particularly to treat lower limb paralysis in stroke patients with motor impairments is estimated to hike the growth of the market over the forecast period. Every 40 seconds, a fresh stroke occurs. The market has expanded as a result of improvements in robotic rehabilitation and assistive technology methods that have improved the target population’s quality of life. The growing usage of therapy robots for adult patients, and rising awareness regarding robotic rehabilitation among people are creating a ton of potential. This leads to the development of the market as a result of the changing needs of patients undergoing stroke therapy. For instance, the 5th leading cause of mortality and the first leading cause of disability is stroke.