Rehabilitation Robots Market Overview:
Rehabilitation is the process of making some one healthy and helping them to have a normal life. Rehabilitation of robot is making a humanoid robot which is capable of doing everything and letting it live normally as a human does. The robotic rehabilitation is mainly for people who suffer from diseases, trauma, infections, heart problems, and so on.
Research by Centres for Disease Control and Prevention states that annually two lakh people are being suffered from spinal injuries and expecting an average of 25-30 for one million people has a chance for registering new cases, which would adversely result to around 18 thousand cases per year. These types of cases increase the growth of the market and serves as a main driving factor. Such cases require constant assistance so the downfall for the market is not predicted. Every individual is interested to invest in the R&D of the market as their increased standard of living, income surpass and others.
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Rehabilitation Robots Market Size:
The global Rehabilitation Robots market will reach xxx Million USD by 2023 at a CAGR of xx% during 2018-2023.
Rehabilitation Robots Market Growth Factors, Drivers and Restraints:
The main restricting factor is the cost of the market equipment. The major population from many developed and developing countries are from middle class for which these types of products are not reachable. It is difficult for new entrants to enter the market as well because there are many developed techniques and the existing entrepreneurs are capable of raising the methods by performing some research and development activities. Initially the growth of the market was very slow as many people are not aware of these techniques, but later after running many promotions and awareness campaign, gradual increase in the market is seen. The point to be noted is even now many people are not aware of the limb movement techniques, giving a lot of scope for more increase in the market. The end users of the market are hospitals, rehabilitation centres, clinics and so on.
Geographical Overview of Rehabilitation Robots Market:
Geographically, the major assistance for the market is from regions like North America, Europe, Africa, and Asia pacific. Due to the high registered spinal injuries, North America has the highest market revenue, which pushed the investments of the government in research and development fields. Asia pacific has registered as the fastest growing region and sketched to have the highest growth rate in years ahead. Government assistance is the major benefit to the market as it decreases the gap between the public and private sector investments.
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Key Players of Rehabilitation Robots Market:
Key players of the market include Hocoma AG, AlterG, Interactive Motion Technologies, InMotion Robotics, Ekso Bionics, Myomo Inc., and Chatanoonga, Patterson.
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