“Global Rehabilitation Robots Market 2016-2020,” released by Technavio, identifies three trends that are predicted to impact the market through 2020.
These trends include: the rising incidence of brain strokes, the growing aging population, and the growth of the outpatient rehabilitation market.
Bharath Kanniappan, Technavio’s senior market analyst for robotics, notes in a media release from the company that the global rehabilitation market was more than $577 million in 2015, and is expected to grow at a CAGR of more than 24% by 2020.
The report also predicts that over the next 4 years, the market will see a growing prevalence of rehabilitation robots with the use of exoskeletons.
In addition, Kanniappan states in the report that the outpatient rehabilitation market is expected to grow at a CAGR of 7% to 9% during the forecast period.
For more information, visit Technavio.
[Source(s): Technavio, Business Wire]