Healthcare Assistive Robot Market: An Overview

The global healthcare assistive robot market is expected to witness a stellar growth during 2018-2028. This is mainly attributed to the rising adoption of advanced technological equipment in the healthcare industry.  

Healthcare assistive robot are robot used in healthcare industry that could sense, and perform actions in benefit of people with disabilities and seniors. Rapidly growing geriatric population coupled surge in incidence of chronic disorders is expected to drive the healthcare assistive robots market during the forecast time period. 

An upcoming report on assistive robot market by Transparency Market Research is expected to offer in depth insights on vital factors. This will through light on several segments of the assistive robot market. Along with this, it is anticipated to have vital data that will indicate growth in the assistive robot market during the forecast period.

Healthcare Assistive Robot Market: Notable Developments

Some of the recent development in assistive robot market are-

Panasonic, a key players in the market invented a robotic bed. The bed transforms itself into a robotic wheelchair when required. This can help in mobility of  bed-ridden aged people from one place to another and reduce  dependence on caregivers for localized movement. Such  innovative is expected to expand healthcare assistive robot market in the coming few years.

Some of the prominent market players operating in healthcare assistive robot market include Barrett Technology, Ekso Bionics Holdings, Cyberdyne, GaitTronics, Hocoma, Hansen Medical, HONDA Motor Co. Ltd., and Kinova Robotics. These players are expected to adopt several stregtgical approach to concretise their market position. Some of their growth stregies are accquaitions and mergers, business expansions and collaborations.

Healthcare Assistive Robot Market: Key Trends

The healthcare assistive robot market is likely to expand on account of increasing incidence of stroke coupled  rising cases of injuries and accidends acros the globe. All these factors are expected to escalate the demand for healthcare assistive robots during the forecast period.

As per a data released by  Conference on Retroviruses and Opportunistic Infections, every year nearly  15 million people across the globe suffer from stroke. Among these about 5 million people remain permanently disabled, this is an alarming clearly indicating the high scope of assistive robot in the healthcare industry.

Along with this, rise in adoption of assistive robots in rehabitational therapies of the patient a major trend noted in the healthcare assistive robot market. This is mainly because robots can perform repetitive sets of exercises efficiently as compared to human. Along with this, they also have provision to measurable feedback. This is expected to render a positive impact on the growth of the healthcare assistive robot market.

However, high costs of robots and inadequate awareness among people regarding use of robots to perform assistive activity is  could  impede growth in the  healthcare assistive robot market in the forthcoming years.

Nevertheless, rising investing of the industry players on development of technologically advanced robots is a important factor expected to spur the market healthcare assistive robot marker size in the coming ,few years.

 Healthcare Assistive Robot Market: Regional Outlook

Based on regional markets, North America is projected to be the largest market for healthcare assistive robot.  Other than this, APAC is expected to register the fastest growth in the coming years due to the  presence of sophisticated healthcare infrastructure, especially in Japan and Australia.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Healthcare Assistive Robot Market

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