Global Rehabilitation Robotics Market (2018-2025)-GMI Research Global Rehabilitation Robotics Market Opportunitie | Page 2

The rehabilitation robotics market is likely to witness lucrative growth
in the coming years owing to the increase in proportion of older
people. According to National Institutes of Health, the proportion of
people aged 65 years and above will increase to 17% of world’s
population by 2050 from 8.5% in 2015. This demographic shift will
create a significant increase in demand for elder-care services such as
robots that can assist with the care and support of the older
populations and the disabled.
Rising prevalence of stroke worldwide is a significant factor driving
the growth of rehabilitation robotics market. Stroke is the leading
cause of disabilities in the western countries. Each year, 15 million
people around the globe suffer a stroke. Nearly six million die and
another five million are left permanently disabled. Rehabilitation
robotic systems are able to identify and assess dynamic movements
as well as coordination disorders, thus support the training given by
physical therapists. There is a further growing market need for such
better robotic solutions for rehabilitation.
Various notable players operating the rehabilitation robotics market
include Ekso Bionics, Alter G, Hocoma, Kinova, ReWalk Robotics,
Interactive Motion Technologies, Myomo, Inc, Rehab-Robotics Co. Ltd.,
and Honda Motor among others.
The global rehabilitation robotics market has been segmented on the
basis of type, application, and key geographies. Based on type, the
market comprises of Assistive Robots, Therapeutic Robots,
Prosthetics, Exoskeleton Robotic Systems, and Orthotics. On the basis