The General Office of the People’s Republic of China promotes the development of the rehabilitation assistive device industry, including smart home service robots [attached: market research on rehabilitation robots]

The General Office of the State Council issued the "Opinions on Developing the Silver Economy to Improve the Well-Being of the Elderly", focusing on diverse needs, cultivating potential industries, strengthening innovation in elderly products, promoting the application of intelligent nursing robots and home service robots, and developing the rehabilitation assistive device industry.

According to the guidance of the "Opinions", we will focus on promoting the development of the anti-aging industry, promoting the in-depth integration of biotechnology and delaying geriatric diseases, and are committed to developing early screening products and services to deal with geriatric diseases. In addition, we will also strive to enrich the development of pension financial products and strengthen the connection with health, elderly care and other services. In order to provide better elderly care services, we will establish a nationwide cooperation platform for the residential elderly care industry and cultivate residential elderly care destinations. In order to facilitate the lives of the elderly, we will promote the construction of a barrier-free environment, carry out aging-friendly home renovations, and strive to improve digital aging capabilities.

As the aging of the population further intensifies, the need for rehabilitation of the elderly will further increase

According to Wang Haidong, director of the Department of Aging of the National Health Commission, by around 2035, my country’s population aged 60 and above will reach 400 million, accounting for more than 30% of the total population, entering a stage of severe aging, and by 2050 Around the same time, the size and proportion of my country's elderly population, the old-age dependency ratio and the social dependency ratio will reach their peaks one after another. Therefore, as the aging of the population intensifies, the scale of the rehabilitation needs of the elderly will further expand. By then, it is necessary to strengthen the construction of the medical and health service system and improve the level of rehabilitation and nursing services for the elderly to meet the growing demand for rehabilitation of the elderly.

The market size of China’s rehabilitation robot industry may exceed 2 billion yuan in 2023

Currently, China's rehabilitation robot industry is in a stage of vigorous development. The support of government policies, the trend of population aging and the promotion of technological innovation have combined to promote the vigorous development of this industry. Various types of rehabilitation robot products are widely used in medical treatment, rehabilitation training, elderly care and other fields. Technology continues to innovate and market demand is expanding. At the same time, a number of technologically advanced and innovative companies have emerged in the industry, driving the development of the entire industry. According to the Frost & Sullivan report, China's rehabilitation robot market started in 2017. The market size reached 210 million yuan in 2018, growing at a compound annual growth rate of 57.5% from 2018 to 2023, reaching approximately 2.04 billion yuan in 2023.

China's rehabilitation robot industry is being driven by positive factors such as policy, market and technology, and is expected to usher in sustained and rapid development. Innovation and progress in this industry will provide more effective treatment and care for patients in the rehabilitation field, while also bringing broad business opportunities and social value to enterprises. According to predictions, by 2028, the market size of China's rehabilitation robot industry is expected to reach 13.4 billion yuan, with broad market prospects. This development momentum is of great significance to China's rehabilitation robot industry and has also brought huge opportunities to related companies and investors. With further development of technology and policy support, China's rehabilitation robot industry is expected to become one of the world's leading markets.

Foresight Economist APP Information Group

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