Posted 2/22/2024, 1:30:00 AM
Rehabilitation Robotics Market Poised for Steady Growth as Aging Populations and Advancing Technology Drive Demand, Despite High Costs
- Market size expected to grow from $838M in 2024 to $3.2B in 2034, a CAGR of 17.90%
- Rising elderly population and prevalence of conditions requiring rehabilitation driving demand
- Technological advancements making robots more sophisticated and user-friendly
- High costs and lack of reimbursement policies challenge wider adoption
- Emerging trends like AI, tele-rehabilitation, wearable devices, virtual reality simulations