Thursday, July 16, 2020

Increase in Incidence of Trauma/Accidental Injuries Expected to Drive Europe Rehabilitation Robotics Market: Ken Research

Rehabilitation robotics refers to a field of science, which includes the development of robotic devices that are custom-made for supporting the movement of different sensorimotor functions for instance arm, leg, and ankle. It encompasses robots that help speed up the recovery of patient suffering from movement disorder along with impaired physical functioning. It is explicitly designed to provide support to patients with disabilities.

According to study, “Europe Rehabilitation Robotics Market 2018-2025 by Product Type (Exoskeletons, MPC Prosthetics, Assistive Robots), Application (Stroke, Orthopedics, Others), Body, Mobility and Country” the key companies operating in the Europe rehabilitation robotics market are AlterG, Inc., Chas. A. Blatchford & Sons Ltd. (Endolite), Assistive Innovations Corp., BionX Medical Technologies, Inc., Bionik Laboratories Corp., Freedom Innovations, LLC, Cyberdyne, Inc., Instead Technologies Ltd., Ekso Bionics, Invacare Corporation, Focal Meditech, Kinova Robotics, Hocoma, Otto Bock HealthCare GmbH, Myomo, Rehab-Robotics Company Limited, Ossur, Teh Lin Prosthetic & Orthopaedic Inc., Parker Hannifin Corporation, U.S. Bionics, Inc. (suitX), ReWalk Robotics Ltd., SynTouch LLC, Rex Bionics Plc., Touch Bionics Inc. The key players are focusing on incorporating the Internet of Things (IoT) with rehabilitation robotics to support healthcare professionals deliver assessment & treatment to patients over the internet. They are also investing in evolving lightweight variants, making products accessible off-the-counter and video games to maximize patient motivation and combining virtual reality (VR). This, coupled with the improving healthcare infrastructure in several countries, is projected to rise the adoption of rehabilitation robots in the coming years.

Based on product type, Europe rehabilitation robotics market is segmented into therapeutic robots, exoskeletons and assistive robots. The therapeutic robotic systems segment is anticipated to grow significantly in the forecast period owing to numerous technological innovations like adaptive programming, improved sensors, cloud technology, and voice recognition that are being integrated in the robotic systems to make these systems more efficient with higher utility. Based on therapy, market is segmented into limb mobility, gait and others. Based on body function, market is segmented into lower-extremity rehabilitation robots and upper-extremity rehabilitation robots. Upper extremity rehabilitation robotic includes wrist, arm, elbow and shoulder. Based on patient type, market is segmented into pediatric and adult. Based on robot mobility, market is segmented as fixed-base rehabilitation robots and mobile rehabilitation robots. In addition, based on application, market is segmented into orthopedics, stroke, and others,

The Europe rehabilitation robotics market is driven by introduction of custom-made implant products, followed by increase in incidence of trauma/accidental injuries, favorable reimbursement for rehabilitation robotics procedure, growth in focus on containment of healthcare costs & distribution and rise in prevalence of lifestyle-related diseases or disorders. However, lack of customization as per the situation of patient in existing robots may impact the market. Moreover, high investment for research and development (R&D) is a key opportunity for market.

It is estimated that the European rehabilitation robotics market will reached at rapid pace due to rise in adoption of microprocessor controlled (MPC) prosthetics, healthcare exoskeleton systems, handicap assistive robots, and others to address disability & amputation caused by stroke, orthopedic disorder and other diseases or accidents in Europe.

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