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HEALTHCARE | Medical Devices & Equipment
bioniklabs.com

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About Bionik Laboratories

Bionik Laboratories (OTCQX: BNKL) s a medical device and robotics company with a focus in developing technologies and solutions for individuals with neurological disorders. The Bionik team has researched, developed and tested its expected first product, The ARKE, a robotic lower-body exoskeleton device that allows paraplegics as well as other wheelchair users the ability to rehabilitate through walking and other motion.

Bionik Laboratories Headquarter Location

483 Bay Street Office N105

Toronto, Ontario, M5G 2C9,

Canada

416-649-7887

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Latest Bionik Laboratories News

Rehabilitation Robots Market $3.17Bn by 2028 Growth Forecast at 21.8% CAGR During 2021 to 2028 COVID Impact and Global Analysis by TheInsightPartners.com

Sep 24, 2021

New York, Sept. 24, 2021 (GLOBE NEWSWIRE) -- Rehabilitation Robots Market: Key Insights According to our new research study on “Rehabilitation Robots Market to 2028 – Global Analysis and Forecast – by Type and End User,” the Rehabilitation Robots Market was valued at US$ 798.92 million in 2021 and is projected to reach US$ 3,178.77 million by 2028; it is expected to grow at a CAGR of 21.8% during 2021–2028. However, the high cost of the devices hinders the market growth. Rehabilitation Robots Market: Competition Landscape and Key Developments Bionik Laboratories Corporation, Cyberdyne Inc., Ekso Bionics Holdings Inc, Rewalk Robotics Ltd, Hocoma Ag, Rehab-robotics Company Limited, Kinova Inc, Rex Bionics Ltd, Toyota Motor Corporation, and Myomo Inc are among the key companies operating in the global rehabilitation robots market. Leading players are focusing on the expansion and diversification of their market presence and the acquisition of a new customer base, thereby tapping prevailing business opportunities. In November 2019, Toyota Motor Corporation launched its new Welwalk WW-2000, a robot designed to provide rehabilitation support to individuals with lower-limb paralysis due to stroke and other causes. Get Exclusive Sample Pages of Rehabilitation Robots Market - COVID-19 Impact and Global Analysis with Strategic Insights at https://www.theinsightpartners.com/sample/TIPTE100000430/ In June 2020, BIONIK Laboratories Corp. announced the debut of its InMotion Connect platform, a comprehensive solution designed to address the data connectivity and analytics requirements of hospitals and healthcare facilities in Canada. In 2021, North America dominated the global rehabilitation robots market. In North America, the US leads the market. The market growth in the region is attributed to the rise in the geriatric population, stroke, and robot-assisted training in rehabilitation therapy. Moreover, the presence of well-developed healthcare infrastructure and government support are among the prominent factors propelling the market growth in North America. Strategic Insights: Country scope US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina The rehabilitation robots market in Asia Pacific is expected to grow at the fastest rate in the coming years. Rising awareness about rehabilitation robots’ therapies through government support coupled with increasing investments in product development, sales, and distributions is anticipated to offer lucrative opportunities for the growth of the market in the region during the forecast period. Download Sample PDF Brochure of Rehabilitation Robots Market Growth Research Report at https://www.theinsightpartners.com/sample/TIPTE100000430/ Based on type, the rehabilitation robots market is segmented into therapeutic robots, assistive robots, exoskeleton robots, and prosthetic robots. The exoskeleton robots segment held the largest share of the market in 2020, and the same segment is anticipated to register the highest CAGR in the market during the forecast period. Continuous technological advancements aimed at providing better tools to therapists for better patient care are expected to fuel the market growth in the coming years. For instance, in 2019, Ekso Bionics released EksoNR, a robotic exoskeleton designed for neurorehabilitation. Wearable exoskeletons are emerging as revolutionary devices for gait rehabilitation due to the active participation of a user, which promotes physical activity and the possibility of being used as an assistive device in the community. There has been a rapid increase in the number of studies on wearable exoskeletons in since past 10 years, following the general tendency now toward rehabilitation robots. A few of these devices already have FDA approval and/or CE mark, and are commercially available, whereas many devices are still under development. The use of ADM also helps skip skin grafting procedures and harvest tissues from one’s own body, which acts as an advantage for the patients and healthcare providers. Moreover, these matrices are available in different shapes, sizes, and thicknesses to meet the specific needs of the patients. According to a statistical survey conducted by Cambridge University Medical School, published in the Journal of Plastic, Reconstructive & Aesthetic Surgery (2018), the implant-only reconstruction procedures increased from 16% to 52% since the last decade, following the adoption of rehabilitation robot at the hospitals and rehabilitation centers. Rehabilitation Robots Market: Segmental Overview In terms of type, the exoskeleton robots segment is anticipated to register the highest CAGR in the rehabilitation robots market during the forecast period. Exoskeleton robots are wearable devices that work in the collaboration with an user. These can be placed in or on the users’ bodies that act as the amplifiers that enhance, reinforce, or restore human performance. The increasing number of product approvals is likely to drive the growth of the market. For instance, in January 2018, Cyberdyne, a Japanese robotic company, received FDA approval for its hybrid assistive limb (HAL), which is a lower-body exoskeleton. The device is designed for the augmentation of the strength of the user. Order a Copy of Rehabilitation Robots Market Shares, Strategies and Forecasts 2021-2028 Research Report at https://www.theinsightpartners.com/buy/TIPTE100000430/ The COVID-19 outbreak pandemic has disturbed various trades and businesses across the world. Healthcare professionals and leading organizations distracted the flow of healthcare resources from research & development to primary care due to the increasing number of COVID-19 confirmed cases, which slowed down the process of innovation. Social Assistive Robotics can be a potential tool to support clinical care areas, promote physical distancing, and reduce the contagion rate. For instance, there is a concern to seek adaptive strategies to continue offering neurorehabilitation services during the COVID-19 pandemic, as the people suffering from disabilities and chronic progressive diseases require constant monitoring and care. The COVID-19 pandemic is perplexing healthcare institutions in the North America region with unprecedented operational and clinical challenges. Moreover, the shift of priorities from rehabilitation robots to COVID-19 diagnosis and treatment devices are leading to a decline in robots manufacturing systems. Browse Related Reports: AI-based surgical robots Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Services, Instrument and Accessories); Application (General Surgery, Urology, Orthopedic, Gynecology, Others) and Geography Medical Robots Market to 2025 - Global Analysis and Forecasts By Product (Surgical Robots, Rehabilitation Robots, Non-Invasive Radiosurgery Robots, Hospital & Pharmacy Robots, and Others); Application (Laparoscopy, Neurology, Orthopedics, Gynecology, Urology, Cardiology, and Others); and End-User (Hospitals and Ambulatory Surgical Centers) and Geography Orthopedic Medical Robots Market to 2025 - Global Analysis and Forecasts by Product (Systems and Instruments & Accessories), Anatomy (Upper Extremities, Lower Extremities, and Others), Application (Surgery, Rehabilitation, and Others), End User (Hospitals, Orthopedic Clinics, and Ambulatory Surgical Centers) and Geography Medical Robotics And Computer-Assisted Surgery Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type ( Surgical Robotics, Rehabilitation Robotics, Non-Invasive Radiosurgery Robotics, Hospital and Pharmacy Robotics ); End User ( Hospitals and Clinics, Academic and Research Institutes, Pharmacies ) Exoskeleton Robotic System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Lower, Upper, Full Body); Application (Healthcare, Defense, Industrial) and Geography Medical Exoskeleton Market to 2027 - Global Analysis and Forecasts By Drive Type (Pneumatic Actuator, Hydraulic Actuator, Electric Actuator, Mechanical, Shape Memory Alloy Actuator, Other Actuator); Type (Powered Exoskeleton, Passive Exoskeleton); Extremity (Lower Body Exoskeleton, Upper Body Exoskeleton); Application (Spinal Cord Injury, Multiple Sclerosis, Cerebral Palsy, Stroke and Others); End User (Rehabilitation Centers, Physiotherapy Centers, Physiotherapy Centers, and, Others), and Geography Milking Robots Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by System Type (Single-Stall Unit, Multi-Stall Unit, Rotary System); Herd Size (Below 100, 100-1000, Above 1000) and Geography Mobile Robots Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component (Hardware, Software); Type (Personal and Domestic Robots, Professional Robots); Operating Environment (Ground, Marine, Aerial) and Geography Autonomous Mobile Robots Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Humanoid, Unmanned Ground Vehicle, Unmanned Aerial Vehicle, Unmanned Marine Vehicle); Application (Automotive, Defense and Security, Warehouse and Logistics, Others) and Geography Inventory Robots Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component (Hardware, Software, Services); End-User (Automotive, Metal and Machinery, Retail and E-Commerce, Food and Beverages, Pharmaceuticals, Others) and Geography Airport Robots Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Landside/Valet Parking and Terminal) and Geography About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Sameer Joshi

Bionik Laboratories Acquisitions

1 Acquisition

Bionik Laboratories acquired 1 company. Their latest acquisition was Interactive Motion Technologies on March 07, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/7/2016

Seed

$991

$0.3M

Acquired

2

Date

3/7/2016

Investment Stage

Seed

Companies

Valuation

$991

Total Funding

$0.3M

Note

Acquired

Sources

2

Bionik Laboratories Partners & Customers

7 Partners and customers

Bionik Laboratories has 7 strategic partners and customers. Bionik Laboratories recently partnered with PropelPLM on December 12, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

12/10/2019

Vendor

PropelPLM

United States

1

12/17/2018

Partner

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10

6/21/2018

Vendor

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10

3/7/2018

Partner

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10

3/7/2018

Licensee

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10

Date

12/10/2019

12/17/2018

6/21/2018

3/7/2018

3/7/2018

Type

Vendor

Partner

Vendor

Partner

Licensee

Business Partner

PropelPLM

Country

United States

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News Snippet

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Sources

1

10

10

10

10

Bionik Laboratories Team

2 Team Members

Bionik Laboratories has 2 team members, including former Chief Executive Officer, Peter Bloch.

Name

Work History

Title

Status

Michal Prywata

Founder

Current

Peter Bloch

Just Energy Group, Gennum, and Sanofi

Chief Executive Officer

Former

Name

Michal Prywata

Peter Bloch

Work History

Just Energy Group, Gennum, and Sanofi

Title

Founder

Chief Executive Officer

Status

Current

Former

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