Technavio’s latest global rehabilitation robotics market 2016-2020 report highlights the top three emerging trends that are predicted to impact the market through 2020. Technavio defines an emerging trend as something that has potential for significant impact on the market and contributes to its growth or decline.

Technavio’s senior market analyst for robotics, Bharath Kanniappan says, “The global rehabilitation robotics market accounted for more than USD 577 million in 2015, and is expected to grow at a CAGR of over 24% by 2020. The global rehabilitation robotics market will witness robust growth throughout the forecast period because of huge growth opportunities in emerging countries. The market in emerging regions is also predicted to witness heavy investments in R&D by the leading vendors on account of high adoption of rehabilitation robotics by therapists in the region.”

Technavio’s market research study identifies the following top three emerging trends for the global rehabilitation robotics market 2016-2020:

  • Rising instances of brain strokes
  • Growing aging population
  • Growth in outpatient rehabilitation market

Rising instances of brain strokes

Globally, about 15 million people suffer from brain strokes each year. Around six million die and nine million are disabled. Strokes represent the second biggest cause of disability after dementia and the cause of death for many above the age of 60 years. It is also the fifth major cause of death for people aged between 15 and 19.

The incidence of strokes is declining in many developed countries, even though the number of strokes remains high worldwide among aging populations. China suffers around 1.3 million strokes each year and 75% of patients are left disabled. We predict that mortality rates from strokes may triple in Latin America, the Middle East, and Sub-Saharan Africa during the forecast period due to chronic behavior in these regions.

Therefore, the demand for rehabilitation robots (which help patients to recover from disability) is rising on account of these global developments. Over the next four years the market will witness a growing prevalence of rehabilitation robots with the use of exoskeletons, notes the Technavio report.

Growing aging population

Human life expectancy is expected to rise to around 74 years by 2017. Our researchers note that close to 560 million people are above the age of 65 years worldwide and represent more than 10% of the total global population. Since the aging population is more susceptible to chronic ailments (including orthopaedic disorders), governments worldwide are working to boost access to healthcare. Such initiatives will likely enhance market demand for rehabilitation robots during the forecast period.

Growth in outpatient rehabilitation market

Outpatient rehabilitation therapy lasts from 30 minutes to an hour. This type of therapy is more cost-effective than hospitalization or surgery and offers similar clinical effectiveness.

“In 2012, the outpatient rehabilitation market was worth USD 30 billion, constituting 90% of the revenue accounted by the overall physical therapy market, which includes sports physical therapy, orthopaedic physical therapy, and paediatric physical therapy. We expect the outpatient rehabilitation market to grow at a CAGR of 7%-9% during the forecast period,” adds Kanniappan.

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