Healthcare Assistive Robot Market Product (Socially Assistive, Rehabilitation, Humanoid, and Surveillance and Security), Portability (Mobile, and Fixed-base), Application (Sports, Cognitive and Motor Skills, Orthopedics, Stroke, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

According to the report published by Zion Market Research, global demand for the Healthcare Assistive Robot market was valued at approximately USD 510.9 Million in 2019, and is expected to generate revenue of around USD 1,757.3 Million by end of 2026, growing at a CAGR of around 19.3% between 2020 and 2026.

23-Sep-2020 | Number of pages: 110 | Report Code: ZMR-3922 | Report Format : | Status : Published

Abstract

According to the report published by Zion Market Research, global demand for the Healthcare Assistive Robot market was valued at approximately USD 510.9 Million in 2019, and is expected to generate revenue of around USD 1,757.3 Million by end of 2026, growing at a CAGR of around 19.3% between 2020 and 2026.

Global Healthcare Assistive Robot Market: Overview

Various technological advancements have been witnessed related to the healthcare assistive robots in the last years. These healthcare assistive robots help in better patient care along with shortened visits to the therapist for post-recovery supervision. The demand and popularity of the healthcare assistive robot market across the globe can be attributed to the rising geriatric population that is prone to a wide range of chronic diseases.

Global Healthcare Assistive Robot Market: Growth Factors

The major growth driver of the global healthcare assistive robot market in the future is the increasing geriatric population that is prone to a wide range of chronic diseases. As per the statistics presented by the UN, the global number of people aged 60 or above will reach 2.1 billion by 2050 in comparison to 962 million in the year 2017. Other factors that are anticipated to contribute notably toward the expansion of the healthcare assistive robot market globally over the estimated timeframe include the growing number of injuries caused by traffic accidents globally, rising prevalence of stroke, increasing number of patients being admitted in hospitals across the globe, and growing scientists’ focus on developing advanced point-of-care bedside robots for improved patient care. Furthermore, the growing need for encouraging and controlling post-stroke rehabilitation and the various benefits offered by these robots post total knee replacement, joint replacement, and knee surgery are projected to positively impact the market for healthcare assistive robots in the years ahead.

Global Healthcare Assistive Robot Market: Segmentation

The global healthcare assistive robot market is categorized into product, portability, and application. The product segment of the healthcare assistive robot market includes socially assistive, rehabilitation, humanoid, and surveillance and security. The rehabilitation healthcare assistive robot segment is anticipated to grow considerably over the estimated timeframe. This can be attributed to the increasing product adoption for patients’ functional recovery. On the basis of portability, the healthcare assistive robot market includes mobile and fixed-base. By application, the global healthcare assistive robot market is segmented into sports, cognitive and motor skills, orthopedics, stroke, and others. The orthopedics segment is projected to register the highest rate of growth in the upcoming years, owing to the growing number of injuries caused by traffic accidents globally and the increasing adoption of orthopedics robots due to their various benefits.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Healthcare Assistive Robot Market: Regional Analysis

By region, this market is primarily divided into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. North America is anticipated to hold a substantial share of the healthcare assistive robot market globally over the estimated timeframe. This can be attributed to the growing occurrences of neurological disorders and strokes, raising awareness about advanced and innovative robotics usage among the regional population, and huge investments made for the development of the healthcare sector. The Asia Pacific market for healthcare assistive robot is likely to emerge as the fastest-growing region globally in the years ahead. This can be attributed to the increasing healthcare spending by the regional population, favorable reforms related to healthcare, and the growing focus of the regional market players to develop innovative healthcare assistive robots.

Global Healthcare Assistive Robot Market: Competitive Players

Some most important players of the global healthcare assistive robot market are SoftBank Robotics, ReWalk Robotics, Kinova Robotics, Interactive Motion Technologies, Honda Motor Co., Hocoma, Hansen Medical, GaitTronics, Ekso Bionics Holdings, Cyberdyne, and Barrett Technology, among others.

 Healthcare Assistive Robot Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

The major growth driver of the global healthcare assistive robot market in the future is the increasing geriatric population that is prone to a wide range of chronic diseases. Other factors that are anticipated to contribute notably toward the expansion of the healthcare assistive robot market globally over the estimated timeframe include the growing number of injuries caused by traffic accidents globally, rising prevalence of stroke, increasing number of patients being admitted in hospitals across the globe, and growing scientists’ focus on developing advanced point-of-care bedside robots for improved patient care.

According to Zion Market Research, global demand for Healthcare Assistive Robot market is expected to generate revenue of around USD 1,757.3 Million by end of 2026, growing at a CAGR of around 19.3% between 2020 and 2026.

North America is anticipated to hold a substantial share of the healthcare assistive robot market globally over the estimated timeframe. This can be attributed to the growing occurrences of neurological disorders and strokes, raising awareness about advanced and innovative robotics usage among the regional population, and huge investments made for the development of the healthcare sector.

Some main participants of the Healthcare Assistive Robot market are SoftBank Robotics, ReWalk Robotics, Kinova Robotics, Interactive Motion Technologies, Honda Motor Co., Hocoma, Hansen Medical, GaitTronics, Ekso Bionics Holdings, Cyberdyne, and Barrett Technology, among others.

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