PUBLISHER: Allied Market Research | PRODUCT CODE: 1225041
PUBLISHER: Allied Market Research | PRODUCT CODE: 1225041
The global healthcare assistive robot market accounted for $8,316.23 million in 2021, and is expected to reach $38,367.65 million by 2031, registering a CAGR of 16.5% from 2022 to 2031.
Healthcare assistive robots are devices that can sense, analyze sensory data, and carry out activities that help older people and individuals with disabilities to go about their daily lives. Robotic feeders, independent mobile robots, smart-powered wheelchairs, surgical assistive robots, and socially assistive robots are just a few examples of the many gadgets that are currently available in the market. An assistive robot carries out a physical activity for a person's wellbeing; the task is integrated into the context of the person's typical daily activities, which the robot manages through its operation. For instance, putting on clothes, taking medications, preparing, and eating food, and socializing are the daily tasks which can be performed with the help of healthcare assistive robots.
It is estimated that healthcare assistive robot market is expected to experience significant market growth during the forecast period owing to increasing geriatric population suffering from orthopedic disorder, the launch of innovative technologies, a boost in healthcare expenditure, and higher government support. In addition, increase in investment by players in R&D and presence of robust pipeline candidates and rise in expenditure on the development of healthcare infrastructure further facilitate the growth of the market. However, strict, and extended product approval processes are expected to impede the market growth. In contrast, surge in healthcare investments in public as well as private sectors are anticipated to provide significant growth opportunities for the healthcare assistive robot market.
The healthcare assistive robot market is segmented on the basis of type, portability, end user, and region. Depending on type, the market is classified into surgical assistive and care robot. On the basis of portability, the market is bifurcated into fixed base and mobile. Depending on the end user, the market is segregated into hospitals and clinics, rehabilitation centers, and others.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The report provides a comprehensive analysis of the key players that operate in the global healthcare assistive robot market. The key companies profiled in the report include Barrett Technology, LLC, Bionik Laboratories, Cyberdyne, Inc., Ekso Bionics Holdings, Inc., Focal Meditech, GaitTronics Inc., Hocoma AG, HONDA Motor Co. Ltd., KUKA AG and ReWalk Robotics Ltd. Intuitive Surgical, Inc., and Medtronic plc.
Key Benefits For Stakeholders
By Type
By Portability
By End User
By Region