Rehabilitation Centers Segment to Dominate Europe Rehabilitation Robots Market during 2020-2028.
According to a new market research study on “Europe Rehabilitation Robots Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type and End-user” is expected to reach US$ 708.87 million by 2028 from 185.69 US$ million in 2021. The market is estimated to grow at a CAGR of 21.1% from 2021 to 2028. The report provides trends prevailing in the Europe rehabilitation robots market along with the drivers and restraints pertaining to the market growth. FDA authorizations and product development releases is the major factor driving the growth of the Europe rehabilitation robots market. However, issues such as robotic devices being expensive hinders the growth of the Europe rehabilitation robots market.
The Europe 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 impact of the COVID-19 pandemic on cancer patients is high in terms of anxiety, fear, and psychological distress. In Among all European countries, Spain, Italy, Germany, France, and UK are most affected due to increasing number of coronavirus cases and deaths associated with it. Patients suffering from stroke or COVID-19 develop anxiety, depression, fatigue, and post-traumatic stress disorder. In addition to the physical or cognitive state, psychological health acts as an indicator of the surviving population's quality of living. Patients suffering from stroke or COVID-19 develop anxiety, depression, fatigue, and post-traumatic stress disorder in European region. In addition to the physical or cognitive state, psychological health acts as an indicator of the surviving population's quality of living. The coronavirus disease (COVID-19) outbreak requires rapid reshaping of rehabilitation services to include patients recovering from severe COVID-19 with post-intensive care syndromes, which results in physical deconditioning and cognitive impairments, patients with comorbid conditions, and other patients requiring physical therapy during the outbreak with no or limited access to hospital and rehabilitation centers. Thus, the rise in development of cognitive state, psychological health there is chance of growth for the rehabilitation robot market. Nevertheless, the market player companies are not able to launch the new technologies due to burden of pandemic in European region is likely to hamper the growth of market.
Cyberdyne Inc.; DIH Medical; Ekso Bionics Holdings Inc; Kinova Inc; Rewalk Robotics Ltd; Rex Bionics Ltd; and Toyota Motor Corporation are among the leading companies in the Europe 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, ReWalk Robotics, Ltd. has signed a contract partnership with a German private health insurance provider that will allow all qualifying spinal cord injury (SCI) beneficiaries to apply for a ReWalk 6.0 exoskeleton system.
According to a new market research study on “Europe Rehabilitation Robots Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type and End-user” is expected to reach US$ 708.87 million by 2028 from 185.69 US$ million in 2021. The market is estimated to grow at a CAGR of 21.1% from 2021 to 2028. The report provides trends prevailing in the Europe rehabilitation robots market along with the drivers and restraints pertaining to the market growth. FDA authorizations and product development releases is the major factor driving the growth of the Europe rehabilitation robots market. However, issues such as robotic devices being expensive hinders the growth of the Europe rehabilitation robots market.
The Europe 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 impact of the COVID-19 pandemic on cancer patients is high in terms of anxiety, fear, and psychological distress. In Among all European countries, Spain, Italy, Germany, France, and UK are most affected due to increasing number of coronavirus cases and deaths associated with it. Patients suffering from stroke or COVID-19 develop anxiety, depression, fatigue, and post-traumatic stress disorder. In addition to the physical or cognitive state, psychological health acts as an indicator of the surviving population's quality of living. Patients suffering from stroke or COVID-19 develop anxiety, depression, fatigue, and post-traumatic stress disorder in European region. In addition to the physical or cognitive state, psychological health acts as an indicator of the surviving population's quality of living. The coronavirus disease (COVID-19) outbreak requires rapid reshaping of rehabilitation services to include patients recovering from severe COVID-19 with post-intensive care syndromes, which results in physical deconditioning and cognitive impairments, patients with comorbid conditions, and other patients requiring physical therapy during the outbreak with no or limited access to hospital and rehabilitation centers. Thus, the rise in development of cognitive state, psychological health there is chance of growth for the rehabilitation robot market. Nevertheless, the market player companies are not able to launch the new technologies due to burden of pandemic in European region is likely to hamper the growth of market.
Cyberdyne Inc.; DIH Medical; Ekso Bionics Holdings Inc; Kinova Inc; Rewalk Robotics Ltd; Rex Bionics Ltd; and Toyota Motor Corporation are among the leading companies in the Europe 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, ReWalk Robotics, Ltd. has signed a contract partnership with a German private health insurance provider that will allow all qualifying spinal cord injury (SCI) beneficiaries to apply for a ReWalk 6.0 exoskeleton system.
The report segments the Europe Rehabilitation Robots Market follows:
Europe Rehabilitation Robots Market - By Type
- Exoskeleton Robots
- Therapeutic Robots
- Assistive Robots
- Prosthetic Robots
Europe Rehabilitation Robots Market - By End-user
- Rehabilitation Centers
- Hospitals
- Specialty Clinics
Europe Rehabilitation Robots Market - By Country
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe rehabilitation robots market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe rehabilitation robots market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the rehabilitation robots market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Rehabilitation Robots Market - Market Landscape
5. Europe Rehabilitation Robots Market - Key Market Dynamics
6. Rehabilitation Robots Market - Europe Analysis
7. Europe Rehabilitation Robots Market Analysis - By Type
8. Europe Rehabilitation Robots Market Analysis - By End User
9. Europe Rehabilitation Robots Market - Country Analysis
10. Impact of COVID-19 Pandemic on Europe Rehabilitation Robots Market
11. Rehabilitation Robots Market - Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned
- Cyberdyne Inc.
- DIH Medical
- Ekso Bionics Holdings Inc
- Kinova Inc
- Rewalk Robotics Ltd
- Rex Bionics Ltd
- Toyota Motor Corporation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 111 |
Published | July 2021 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 185.69 Million |
Forecasted Market Value ( USD | $ 708.87 Million |
Compound Annual Growth Rate | 21.1% |
Regions Covered | Europe |
No. of Companies Mentioned | 7 |