Healthcare Assistive Robot Market value over USD 2.4 Billion by 2029 end and register a CAGR of over 14% from 2020 to 2029.

Assistive robots tend to perform work more efficiently, with more precision and accuracy. These are imperative skills required in the healthcare industry and thus healthcare assistive robots face great demand as a market on a global scale. With increasing technology as well as the error-free characteristic, the market is projected to soar during the forecast period.

In the healthcare sector, robots have proven to be very useful as they help in supervising, monitoring and overlooking several operations and keeping track of patient's medical data thus saving personnel from logistic work. They enhance patient quality of life as well as create a positive environment by facilitating social interaction, thus helping in patient recovery.

Affecting the cognitive, and social functioning of the patients, these robots play a huge role in patient healing and thus are growing popular and are expected to boost trade in the near future. The further growth of the market is expected to be supported by the mounting geriatric population across the globe and the growing demand for services related to geriatric care.

The growth of the market for healthcare assistive robot is anticipated to be further supplemented by favorable and flexible government regulations and rising funding in healthcare automation and robotics research. In order to make healthcare assistive robots more prominent among healthcare centers and hospitals, the leading companies have joined hands with governments and non-government organizations in order to increase education regarding the benefits of these robots.

The market finds lucrative trade opportunities in developed nations such as North America. The U.S., backed by government support, currently accounts for major market share and is expected to remain the most lucrative region throughout the forecast period. Japan is another highly profitable country-wise market, favored by a high percentage of geriatric population and adaptability of new technology. Germany leads the European market for healthcare assistive robots.

The market is fragmented with the presence of a large number of small players. The industry is in an incipient stage with numerous startups presenting the immense potential for growth. Cyberdyne, Hansen Medical, HONDA Motor, and KUKA Robot Group are some of the prominent names in this industry who use their financial might and popular products to gain a larger share in the market. Some of the other market players are Ekso Bionics, Hocoma, GaitTronics, Kinova Robotics, ReWalk Robotics, and Bionik.

Healthcare Assistive Robot Market

Healthcare Assistive Robot Market Segmentation :

By Product 

  • Robotic Systems  
  • Surgical Robotic Systems
  • Rehabilitation Robotic Systems
  • Hospital & Pharmacy Robotic Systems
  • Noninvasive Radiosurgery Robotic Systems
  • Other Robotic Systems
  • Instruments & Accessories

By Application 

  • Orthopedic Surgery
  • Laparoscopy
  • Neurosurgery
  • Pharmacy Applications
  • Other Applications

By Region

  • North America
  • Europe 
  • Asia Pacific
  • Latin America 
  • Rest of the World 

Competitive Landscape:

  •  Tier 1 players- established companies in the market with a major market share
  •  Tier 2 players
  •  Emerging players which are growing rapidly
  •  New Entrants 

FutureWise Takeaways

  •  Growth prospects
  •  SWOT analysis
  •  Key trends
  •  Key data points affecting market growth

Objectives of the Study:

  • To provide an exhaustive analysis on the global healthcare assistive robot market by product, by application, and by region
  •  To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  •  To evaluate and forecast micro-markets and the overall market
  •  To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and rest of the world
  •  To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
  •  Profiling of companies to evaluate their market shares, strategies, financials and core competencies

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  • The customization services offered are free of charge with purchase of any license of the report.
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