The healthcare assistive robot market is anticipated to grow at a significant CAGR during the forecast period. The increasing aging population that results in a large range of chronic diseases has shown a positive impact on the growth of healthcare assistive robots. Healthcare assistive robots are widely used to provide support to the patient with stroke or injuries to the orthopedic system, which includes muscles, bones, joints, tendons, and ligaments. Further, increasing insurance coverage for medical exoskeletons and rising in the number of people suffering from strokes and spinal cord injuries also leads to growth in demand for healthcare assistive robots. Therefore, the growing prevalence of strokes and spinal cord injuries are the factors fuel the growth of the healthcare assistive robot market during the forecast period. However, the necessity to accept by several standards and certifications mainly in the medical industry may hamper the growth of the healthcare assistive robot market over the forecast period.
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Additionally, the factor that is expected to boost the growth of the healthcare assistive robot industry includes an increasing number of injuries that caused by traffic accidents across the globe, rising scientist focus on developing an improved point of care bedside robots for enhanced patient care and a growing number of patients being admitted in hospitals. Moreover, other factors such as increasing funding in healthcare automation and robotic research, growing awareness initiatives supported by government and non-government institutes in order to raise awareness and education related to the benefits of assistive robots is also expected to create opportunities for the market growth. The growing need for controlling post-stroke rehabilitation and different advantages provide by assistive robots joint replacement, knee surgery and post total knee replacement propel the growth of the market during the forecast period.
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Market Segmentation
Global Healthcare Assistive Robot Market by Applications
• Orthopedics
• Cognitive & Motor Skills
• Strokes
• Sports
Global Healthcare Assistive Robot Market by Portability
• Fixed Base
• Mobile
Regional Analysis
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
• Rest of the World
Company Profiles
• Auris Health, Inc.
• Barrett Technology, LLC
• Cyberdyne, Inc.
• Diligent Robotics, Inc.
• Ekso Bionics Holdings, Inc.
• Focal Meditech (A division of KoninklijkeMetaalunie)
• GaitTronics Inc.
• Hocoma AG (A Division of the DIH Medical group)
• HONDA Motor Co. Ltd.
• HyundaiMotor Company
• Kinova, Inc.
• KUKA AG
• Myomo, Inc.
• NextStep Robotics, Inc.
• ReWalk Robotics Ltd.
• SoftBank Robotics Corp.
• Toyota Motor Corp.
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