Published Date : May 09, 2016
ALBANY, New York, May 09, 2016: A new market study, titled “Global Rehabilitation Robots Market 2016-2020,” has been featured on MarketResearchReports.biz’s online repository of market intelligence. The report is a professional study for understanding the market landscape and growth indicators of the global rehabilitation robots market, based on which growth prospects for a forecast period from 2016-2020 are presented. This report on the global rehabilitation market is presented after an extensive research phase and inputs received from industry experts. Analysts reached out to proprietary databases of rehabilitation centers, hospitals, and, clinics to obtain statistics on the use of rehabilitation robots and their outcomes for improving physiological functions in humans.
The report mentions top vendors in the global rehabilitation robots market, namely, Ekso Bionics, Hocoma, Alter G, and Interactive Motion Technologies. Some other prominent vendors in this market are Tyromotion, Instead Technologies, Kinetic Muscles, MediTouch, Reha-Stim, Touch Bionics, Touch Bionics, Bioxtreme Robotics Rehabilitation, Kinestica, Rehab-Robotics, SynTouch, YouRehab, and Kinova Robotics.
According to the report, the global market for rehabilitation robots will display a remarkable CAGR of 24.51% between 2016 and 2020. The report says that the increasing incidence of stroke, which has been reported to be a major health concern worldwide, is the foremost reason driving this market. In particular, stroke is a major cause of disability in Western countries for which considerable man hours are spent for the rehabilitation of stroke patients. This, in turn, results in an increased burden on the overall healthcare system. To mitigate the after-effects of stroke, rehabilitation robots play an essential role in restoring physiological functions. Rehabilitation robots assist in sensorimotor functions of the body related to the hands, arms, and legs.
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However, the high cost of rehabilitation robots, which limits their use in critical condition patients, is detrimental to the market’s growth. In addition, the limited availability of rehabilitation robots in developing countries is restraining the market’s growth. In these countries modern healthcare practices are still at a nascent stage, which has been the reason for slower adoption of specialty medical devices for recuperation purposes.
Nevertheless, increased spending on healthcare in general, will be beneficial to this market’s growth. Worldwide, public health agencies and private health institutions are collaborating to extend specialty healthcare to the masses for social and economic reasons.
The report provides answers to some of the pertinent questions about the progression of the global rehabilitation robots market. Based on the current state of this market, the report presents analytics for growth rate and market size until the end of the forecast period in 2020. Using validated analytical tools such as Porter’s five forces, a detailed outlook of the strengths, weakness, opportunities, and threats of this market until the end of the forecast period is presented.
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