Artificial Intelligence (AI) In Rehabilitation Robotics Market Size, Share, Opportunities, And Trends By Type (Exoskeleton Robots, Prosthetics Robots, Assistive Robots, Therapeutic Robots), By Application (Stroke Rehabilitation, Spinal Cord Injury Rehabilitation, Orthopedic Rehabilitation, Neurological Rehabilitation, Others), By End-User (Hospitals And Clinics, Rehabilitation Centers, Research Institutes And Academic Centers, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : Oct 2023
  • Report Code : KSI061615948
  • Pages : 129

The AI in rehabilitation robotics market is estimated to grow at a CAGR of 23.81% during the forecast period.

The artificial intelligence (AI) in rehabilitation robotics market is a constantly expanding and creative industry that integrates AI technology with sophisticated robotics to revolutionise the area of physical rehabilitation. With an ageing population and an increase in the frequency of neurological and musculoskeletal illnesses, there is an increased demand for effective and personalised rehabilitation treatments. Artificial intelligence-powered rehabilitation robots provide real-time data analysis, personalised therapy programmes, and adaptive help, hence improving patient outcomes and optimising the rehabilitation process. These modern robotic devices can provide individualised and intense therapy sessions to a wide spectrum of patients with diverse demands. As AI technology advances, the AI in rehabilitation robotics market is expected to develop significantly and have a big influence on global healthcare.

Integration of AI with Rehabilitation Robotics Enhances the AI in Rehabilitation Robotics Market Growth.

The combination of AI and rehabilitation robotics is a game changer that has enormous potential in the field of physical therapy and rehabilitation. Rehabilitation equipment can become more intelligent and adaptable by merging AI technology with robotic systems, adapting to unique patient demands. To build personalised therapy regimens, AI algorithms analyse real-time patient data such as movement patterns, muscle strength, and progress. These plans may be updated in real time based on the patient's progress, improving treatment outcomes. AI-powered rehabilitation robots can offer more accurate and focused help, allowing for speedier recovery and better functional outcomes. The seamless integration of artificial intelligence and rehabilitation robots is revolutionising the rehabilitation process, providing increased therapeutic alternatives and increasing the standard for patient-centred care.

Personalized and Adaptive Therapy Solutions in  AI in Rehabilitation Robotics Market.

Personalised and adaptive therapy solutions are a cutting-edge strategy in healthcare that uses technology such as artificial intelligence (AI) and data analytics to personalise therapies for particular patients. In the context of rehabilitation robotics, personalised therapy solutions build customised treatment plans based on patient-specific data such as medical history, functional capacities, and progress. These plans are modified in real-time in response to the patient's responses and progress, ensuring that therapy stays relevant and successful. Adaptive treatment systems allow rehabilitation robots to adapt support levels and activities in real-time to accommodate changes in the patient's condition and capabilities. This personalised approach improves therapy efficacy, promotes speedier recovery, and boosts patient participation and happiness, ushering in a new era of patient-centred rehabilitative care.

Rising Prevalence of Neurological and Musculoskeletal Disorders Boosts the AI in Rehabilitation Robotics Market Size.

The increasing frequency of neurological and musculoskeletal problems is a major driver of AI use in the rehabilitation robots industry. Millions of people worldwide are affected by neurological ailments such as stroke, spinal cord injuries, and multiple sclerosis, as well as musculoskeletal problems such as arthritis and joint injuries. Because of issues such as ageing populations and sedentary lifestyles, the demand for improved rehabilitation solutions is increasing. AI-integrated rehabilitation robotics provide patients with a variety of requirements with personalised and effective therapies, assisting in functional recovery and enhancing their quality of life. The necessity of novel technology in offering personalised and effective rehabilitation interventions is highlighted by the rising patient population.

North America is the Market Leader in the AI in Rehabilitation Robotics Market.

North America was regarded as the market leader in the AI in rehabilitation robotics market. Several reasons contributed to the region's supremacy, including the availability of technologically advanced healthcare infrastructure, significant investments in research and development, and a high frequency of neurological and musculoskeletal illnesses needing rehabilitation. Furthermore, numerous significant companies in the medical robotics business are based in North America, where they collaborate with academic institutes to build cutting-edge AI-driven rehabilitation robots. Furthermore, favourable government policies encouraging the integration of modern technologies in healthcare, as well as the increased acceptance of AI-based solutions by healthcare providers, have led to North America's leadership position in the AI in rehabilitation robotics market.

Demand for Effective and Efficient Rehabilitation Solutions in AI in Rehabilitation Robotics Market.

The desire to optimise patient outcomes and healthcare resources drives the demand for effective and efficient rehabilitation solutions. Traditional rehabilitation approaches may be restricted in their capacity to give customised therapies and adequately track individual development. As a result, there is increased interest in AI-integrated rehabilitation robotics that provide personalised therapy programmes, real-time data analysis, and adaptive help. These cutting-edge tools allow healthcare practitioners to provide more targeted and effective rehabilitation, resulting in faster recovery and better functional results for patients. Furthermore, the effectiveness of AI-powered rehabilitation robotics enables for improved utilisation of healthcare resources, lower treatment costs, and increased overall healthcare system productivity.

Key Developments:

  • In February 2023, DIH Holding US, Inc., a leading global robotics and virtual reality technology provider in the rehabilitation and human performance industry, and Aurora Technology Acquisition Corp., a publicly traded special purpose acquisition company, announced a definitive business combination agreement that will result in DIH becoming publicly traded. The SPAC will domesticate from the Cayman Islands to Delaware when the deal is completed. DIH Holdings US Inc. is DIH Technology Ltd.'s operational subsidiary. The merged business will be known as DIH Holding US, Inc., and its securities will be traded on the Nasdaq.
  • In December 2022, Ekso Bionics, a pioneer in exoskeleton technology for medical and industrial applications, announced the purchase of Parker Hannifin Corporation's Human Motion and Control Business Unit. Parker Hannifin Corporation is a global leader in motion and control technologies. The deal covers the Indego lower limb exoskeleton product line as well as the anticipated development of robotic-assisted orthotic and prosthetic devices.
  • In June 2023, Fourier Intelligence, a worldwide technology firm focusing in rehabilitation robotics and artificial intelligence, recently inked a strategic memorandum of understanding (MOU) with WQ Park Health & Rehabilitation Centre (WQ Park), Malaysia's first private outpatient rehabilitation hospital. This strategic MOU intends to strengthen the two parties' relationship by using their respective strengths and skills to modernise rehabilitation technology and deliver innovations to the healthcare industry.

Company Products:

  • Virtual Reality Integration: Fourier Intelligence's rehabilitation gadgets frequently include virtual reality technology, resulting in compelling and inspiring therapeutic sessions that are aided further by AI-driven adaptive gaming experiences.
  • AI-based Gait Assistance: ReWalk Robotics' exoskeleton devices use AI algorithms that give adaptive gait aid, altering the amount of support based on the user's motions and weight distribution for a more natural walking experience.
  • Robotic Exoskeleton Devices: Ekso Bionics develops and produces wearable exoskeleton systems that aid and support people with spinal cord injuries and other mobility impairments in standing, walking, and doing daily tasks.
  • Robotic Rehabilitation Devices: Hocoma designs and manufactures a range of robotic rehabilitation devices, including the Lokomat, Armeo, and Erigo, to help patients with neurological and musculoskeletal problems regain movement and function.

Segmentation:

  • By Type
    • Exoskeleton Robots
    • Prosthetics Robots
    • Assistive Robots
    • Therapeutic Robots         
  • By Application
    • Stroke Rehabilitation
    • Spinal Cord Injury Rehabilitation
    • Orthopedic Rehabilitation
    • Neurological Rehabilitation
    • Others      
  • By End-User
    • Hospitals And Clinics
    • Rehabilitation Centers
    • Research Institutes And Academic Centers
    • Others                  
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain    
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Taiwan
      • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Sources

2.3. Research Design

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. AI IN REHABILITATION ROBOTICS MARKET, BY TYPE

5.1. Introduction

5.2. Exoskeleton Robots

5.3. Prosthetics Robots

5.4. Assistive Robots

5.5. Therapeutic Robots         

6. AI IN REHABILITATION ROBOTICS MARKET, BY APPLICATION

6.1. Introduction

6.2. Stroke Rehabilitation

6.3. Spinal Cord Injury Rehabilitation

6.4. Orthopedic Rehabilitation

6.5. Neurological Rehabilitation

6.6. Others      

7. AI IN REHABILITATION ROBOTICS MARKET, BY END-USER

7.1. Introduction

7.2. Hospitals and Clinics

7.3. Rehabilitation Centers

7.4. Research Institutes and Academic Centers

7.5. Others                  

8. AI IN REHABILITATION ROBOTICS MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Indonesia 

8.6.6. Taiwan

8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. Ekso Bionics Holdings, Inc.

10.2. ReWalk Robotics Ltd.

10.3. Rex Bionics (now part of Ekso Bionics)

10.4. Bionik Laboratories Corp.

10.5. Hocoma AG (now part of DIH Technologies)

10.6. Myomo, Inc.

10.7. Parker Hannifin Corporation

10.8. Tyromotion GmbH

10.9. Focal Meditech BV

10.10. Fourier Intelligence Co., Ltd.         


Ekso Bionics Holdings, Inc.

Rewalk Robotics Ltd.

Rex Bionics (Now Part Of Ekso Bionics)

Bionik Laboratories Corp.

Hocoma Ag (Now Part Of Dih Technologies)

Myomo, Inc.

Parker Hannifin Corporation

Tyromotion Gmbh

Focal Meditech Bv

Fourier Intelligence Co., Ltd.   


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