The rehabilitation robots market is experiencing significant growth, driven by technological advancements, an aging population, and increasing incidences of chronic diseases. These robots are transforming the way rehabilitation is approached, offering innovative solutions for patients recovering from various conditions.

The global rehabilitation robots market was valued at USD 529.8 million in 2018 and is expected to grow significantly, reaching USD 8,966.7 million by 2032. This represents a compound annual growth rate (CAGR) of 22.4% over the forecast period from 2018 to 2032. In 2018, North America led the market, accounting for a dominant 74.76% share.

Top Companies in the Rehabilitation Robots Market

Leading players in the rehabilitation robots industry include:

• CYBERDYNE INC.
• Ekso Bionics
• BIONIK
• ReWalk Robotics
• Rex Bionics Ltd.
• Corindus, Inc.
• Hocoma
• Bioxtreme
• Other Prominent Players

Key Industry Developments

• In June 2019, ReWalk Robotics, Inc. announced that the Food and Drug Administration (FDA) approved its ReStore soft exo-suit system for sale to rehabilitation centers across the U.S.

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Market Drivers and Restraints

Market Drivers:

• Aging Population: The increasing elderly population is leading to a higher demand for rehabilitation services, as age-related conditions become more prevalent.