The Global Rehabilitation Robotics Market is expected to grow at a CAGR of 24.27 percent from 2014-2019, says research firm TechNavio.
An increase in the number of orthopedic diseases that cause severe, long-term pain and disability has resulted in high demand for rehabilitation robots or robotic devices, to help therapists streamline treatment.
About the Report
"The rehab robotics market is expected to witness intense competition among vendors as technological innovations will facilitate the entry of new players," says Faisal Ghaus, Vice President of TechNavio.
"Developing economies in the APAC region such as India and China are rapidly embracing robotics for rehabilitation purposes, providing further traction to the market during the forecast period."
The new report also points to a rise in the number of well-equipped private hospitals as a major market growth driver. Therapists are offering a wide variety of robotic therapies depending on their medical application.
Additionally, an increase in the spending power of the middle-class population is benefiting the private hospital sector and, in turn, the Global Rehabilitation Robotics Market.
This latest report from TechNavio offers key insights in the emergence of advanced facilities which presents a strong growth opportunity for the Global Rehabilitation Robotics Market.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2019
- Market Growth Drivers:
- Increase in Incidence of Orthopedic Disorders
- For a full detailed list, view our report.
- Market Challenges:
- High Cost of Rehabilitation Robots
- For a full detailed list, view our report.
- Market Trends:
- Rise in Number of Private Hospitals
- For a full detailed list, view our report.
- Key Vendors:
- AlterG Inc.
- Ekso Bionics
- Hocoma
- Interactive Motion Technologies
- Other Prominent Vendors:
- Bioxtreme Robotics Rehabilitation
- Instead Technologies
- Kinestica
- Kinetic Muscles
TechNaviocurrently has more than 3000 market research reports on a huge range of topics, including 50+ reports on NFC Transaction:
- Medical Technology Market in Europe 2014-2018
If you are interested in more information, please contact our media team at media@technavio.com
Contacts:
TechNavio Research
Jes Ellacott
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UK: +44-208-123-1770
Media Marketing Executive
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www.technavio.com