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
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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)
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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.
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- Important changes in market dynamics
- Market segmentation up to the second or third level
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- Reporting and evaluation of recent industry developments
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