Report : Asia Pacific Rehabilitation robots Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Therapeutic Robots, Prosthetic Robots, Assistive Robots, and Exoskeleton Robots), and End User (Rehabilitation Centers, Hospitals, and Specialty Clinics)
Rehabilitation Centers Segment to Dominate APAC Rehabilitation Robots Market during 2020–2028
According to a new market research study on “APAC Rehabilitation Robots Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and End User” is expected to reach US$ 555.65 million by 2028 from 132.71 US$ million in 2021. The market is estimated to grow at a CAGR of 22.7% from 2021 to 2028. The report provides trends prevailing in the APAC rehabilitation robots market along with the drivers and restraints pertaining to the market growth. Technological innovations in robotic rehabilitation is the major factor driving the growth of the APAC rehabilitation robots market. However, issues associated with high cost of robotic devices hinders the growth of the APAC rehabilitation robots market.
The APAC rehabilitation robots market is segmented into type and end user. Based on type, the rehabilitation robots market is segmented into therapeutic robots, assistive robots, exoskeleton robots, and prosthetic robots. The exoskeleton robots segment held the largest share of the market in 2020. Based on end-user, the rehabilitation robots market is segmented into hospitals, rehabilitation centers, and specialty clinics. The rehabilitation centers segment held the largest share of the market in 2020.
The 2019 novel coronavirus (2019-nCoV), officially named as COVID-19 by the WHO, has spread to more than 170 countries, including China prompting the WHO to declare the disease as a global pandemic. From its epicenter in China, the novel coronavirus has spread to infect 514,179 people and cause no less than 18,440 deaths in at least 160 countries across a three-month span from January 2020 till date. These figures are according to the World Health Organization (WHO) Situation report as of March 25th. Accompanying the tragic loss of life that the virus has caused is the impact to the global economy, which has reeled from the effects of the pandemic. As research details emerge, the data pool grows exponentially, beyond the capacity of human intelligence alone to handle. The use of robots in the medical sector, to help in areas such as nursing, physical rehabilitation, and surgery, has been a particular priority in Japan and China. Thus, the outbreak of COVID-19 has prompted hospitals to speed up the clinical application of robotic technology in China and Japanese region. Advancements in robotic rehabilitation application such as rehab exercise, neuro robotic rehabilitation, among Others. This has no doubt aided the control of the COVID-19 pandemic and helped to curb its worst effects. Hence, such outbreaks continue, the need for new technological advanced products nationwide increases and thereby positively impacting the market.
Cyberdyne Inc.; DIH Medical; Ekso Bionics Holdings Inc; Rewalk Robotics Ltd; Rex Bionics Ltd; Toyota Motor Corporation and VINCENT MEDICAL HOLDINGS LIMITED are among the leading companies in the APAC rehabilitation robots market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Toyota Motor Corporation launched its new Welwalk WW-2000, a robot designed to provide rehabilitation support to individuals with lower-limb paralysis due to stroke and other causes.
The report segments the APAC Rehabilitation Robots Market follows:
APAC Rehabilitation Robots Market – By Type
- Exoskeleton Robots
- Therapeutic Robots
- Assistive Robots
- Prosthetic Robots
APAC Rehabilitation Robots Market – By End User
- Rehabilitation Centers
- Specialty Clinics
APAC Rehabilitation Robots Market – By Country
- South Korea
- Rest of APAC
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