In the Robotic Technology Landscape, Assistive Trousers Drive Innovation
People are getting a second chance to overcome disability issues because to technological advancements in robotic rehabilitation and assistive technologies. Robotics technology is not only making life simpler for disabled and elderly individuals, but it is also boosting their physiological functions.
Well-designed technology to produce care and companionship robots, as well as assistive speech technology systems, is driving the robotic rehabilitation and assistive technologies market. As a result, stakeholders are doing research and development to determine how assistive robots can effectively support impaired patients, and they are collaborating to develop unique assistive robot technologies that address disabled people’s issues.
Similarly, stakeholders are working on robotic trousers that would allow crippled persons to walk normally again. These robotic trousers were created by integrating soft artificial muscles with electric conditioning to trigger movement like standing up. Assistive trousers with functional electrical stimulation (FES) technology are used to improve the body functionality of disabled patients. FES technology releases electrical impulses over the muscles to establish communication between the brain and muscles, resulting in direct commands to the muscles to move or contract.
Market Size and Forecast for Robotic Rehabilitation and Assistive Technologies
From 2021 to 2028, the Robotic Rehabilitation and Assistive Technologies Market is expected to increase at a CAGR of 12.21 percent, from USD 1.30 billion in 2020 to USD 3.27 billion in 2028.
The global rise in the elderly population, as well as technological breakthroughs in medical engineering, are driving the growth of the Global Robotic Rehabilitation And Assistive Technologies Market. Additionally, the expansion of the Global Robotic Rehabilitation And Assistive Technologies Market has been aided by an increase in the number of disabled people and the demand for rehabilitation services. The report on the Global Robotic Rehabilitation And Assistive Technologies Market provides a comprehensive analysis of the industry. The research includes a detailed analysis of key segments, trends, drivers, constraints, the competitive landscape, and other important market variables.
The study highlights each market player’s global position, financial status, licence agreement, product and service portfolio, and corporate expansion plan, as well as the competitive landscape of the global Robotic Rehabilitation and Assistive Technologies market. Major businesses are spending in R&D to create and introduce new products and services, as well as focusing on key tactics like mergers and acquisitions, partnerships, joint ventures, and collaborations to strengthen their market position and expand their product portfolio.
The following are some of the report’s key points:
• Based on application, stroke is the leading market, with the highest revenue share projected throughout the forecast period. The increased use of rehabilitation robots in motor skill therapy and gait training, as well as the rising frequency of cardiovascular illnesses and occurrences of locomotor disability caused by stroke around the world, are among the important reasons driving revenue growth in this segment.
• Over the forecast period, the Asia Pacific robotic rehabilitation and assistive technologies market is predicted to develop at the quickest rate. The region’s market is growing due to rising demand for advanced rehabilitation robotic technologies, a growing geriatric population, and an increase in the number of people with physical disabilities. The presence of cutting-edge healthcare infrastructure in the region, as well as increased healthcare expenditures, are driving the Asia Pacific market forward.
• ReWalk Robotics, AlterG, Inc., Bionik Laboratories Corp., Ekso Bionics, Vincent Medical, DIH Technologies Corporation (Hocoma), CYBERDYNE, INC., Kinova, Inc., Rex Bionics Ltd., and Instead Technologies, Ltd. are the most prominent companies in the global robotic rehabilitation & assistive technologies market.
• In September 2020, Bionik Laboratories Corp., a leading robotic rehabilitation and assistive technology solutions supplier, sold the Center for Neurorestoration and Neurotechnology its BIONIK InMotion®ARM/HAND Interactive Therapy System (CfNN). CfNN’s latest acquisition is part of the organization’s objective to provide innovative solutions to Veterans with neurological problems in order to help them regain physical function.
