New York, NY, Sept. 24, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Healthcare Assistive Robot Market By Product (Humanoid, Rehabilitation, Surveillance& Security, Socially Assistive), and By Application (Stroke, Orthopaedics, Cognitive & Motor Skills, Sports): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” in its research database
“According to the latest research study, the demand of global Healthcare Assistive Robot Market size & share expected to reach to USD 1.2 Billion by 2026 from USD 350 Million in 2019, at a compound annual growth rate (CAGR) of 19% during the forecast period 2020 to 2026”
Global Healthcare Assistive Robot Market: Overview
Robots make work simpler and productive, deliver accurate results without time-consuming. The healthcare assistive robots are intelligent in nature as they communicate with patients in human-and-machine interaction and thus activate their cognitive, social, and emotional functions. In the healthcare industry, robots have proven very helpful, since they are useful throughout overseeing many operations in various hospitals and healthcare centers. This is done by monitoring the admitted patients in medical institutions and hospitals, it improves life quality. Robots have recently shown their value in the healthcare sector as they can track the behaviors of the patients and assess their physical and emotional state and, ultimately, their intent. The healthcare assistive robots are smart, they help to improve physical, cognitive, and affective residual functionality in social human-robotic encounters (HRI) with patients.
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Industry Major Market Players
- Ekso Bionics Holdings
- Barrett Technology
- GaitTronics
- Cyberdyne
- Hansen Medical
- Hocoma
- HONDA Motor Co. Ltd.
- Kinova Robotics
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Key questions answered in this report:
- What is the projected market size & growth rate of the Healthcare Assistive Robot Market?
- What are the key driving factors for the growth of the Healthcare Assistive Robot Market?
- What are the top companies operative in Healthcare Assistive Robot Market?
- What segments are covered in Healthcare Assistive Robot Market?
- How can I get free sample report/company profiles of the Healthcare Assistive Robot Market?
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Market Dynamics
The increasing geriatric population is prone to chronic diseases. According to statistics, the number of old aged people is increased in the last few years. Another factor that is expected to grow the market is the increasing number of injuries caused by the accidents, the rise in stroke prevalence, the increasing number of patients across the globe, rising number of chronic diseases are the factors for driving the market growth. Moreover, many scientists are working to develop innovative technologies in healthcare robots aiming to improve patients care. Robots are used in many surgeries including knee surgery, joint replacement, and heart surgery. Increasing needs to encourage and control post-stroke rehabilitation are the factors that drive the healthcare assistive robot market growth. However, the high cost of the robot can impede market growth. Many small organizations and hospitals are not able to invest in such technology due to the high cost. In addition, People are not aware of the use of a robot to carry out assistive work by the robot. This may hinder market growth. On the other hand, major manufacturers are investing in the robot to develop advanced technology and due to the many features offers by the robot can produce lucrative opportunities in the market.
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Global Healthcare Assistive Robot Market: Report Scope
| Report Attribute | Details |
| Market Size 2019 Value | USD 350 Million |
| Market Forecast for 2026 | USD 1.2 Billion |
| Expected CAGR Growth | CAGR 19% from 2020-2026 |
| Base Year | 2019 |
| Forecast Year | 2020-2026 |
| Top Market Players | Barrett Technology, Ekso Bionics Holdings, Cyberdyne, GaitTronics, Hocoma, Hansen Medical, HONDA Motor Co. Ltd., and Others |
| Segments Covered | Product, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
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Global Healthcare Assistive Robot Market: Segmentation
By product, the market is divided into humanoids, rehabilitation, surveillance & security, socially assistive. Among these, the rehabilitation category is expected to grow in the coming years owing to its adoption in the patient's recovery process.
By application, the market is separated into stroke, orthopedics, cognitive & motor skills, and sports. In this, the orthopedics category headed the market owing to the increasing number of injuries caused by accidents globally and the adoption of orthopedics robots.
The healthcare assistive robot market research report delivers an acute valuation and taxonomy of the healthcare assistive robot industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
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Global Healthcare Assistive Robot Market: Regional Analysis
The regional segmentation of the healthcare assistive robot industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the healthcare assistive robot industry is provided for the leading economies of the world.
Browse the full “Healthcare Assistive Robot Market By Product (Humanoid, Rehabilitation, Surveillance& Security, Socially Assistive), and By Application (Stroke, Orthopedics, Cognitive & Motor Skills, Sports): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/healthcare-assistive-robot-market-by-product-humanoid-rehabilitation-737
This report segments the healthcare assistive robot market as follows:
Global Healthcare Assistive Robot Market: By Product Segmentation Analysis
- Humanoid
- Rehabilitation
- Surveillance & security
- Socially assistive
Global Healthcare Assistive Robot Market: By Application Segmentation Analysis
- Stroke
- Orthopedics
- Cognitive
- Motor skills
- Sports
Key Recommendations from Analysts
- Our analysts recommend that the surveillance and security robot segment is estimated to provide sluggish growth over the forecast period is due to the performance of these robots to monitor, and other activities.
- The Asia Pacific is expected as the fastest-growing region attributed to the increasing spending on healthcare.
- Europe is projected to boost the market attributed to the growing focus of the manufacturer towards the innovative technology in healthcare assistive robots.
- A socially supporting robot offers the benefit in animal therapy, as well as it is used to reduce patient stress, these features may produce growth opportunities in the market.
- The growing adoption of healthcare assistive robots in developed and developing countries combined with the various beneficial features offered by the robots, the market is expected to boost in the future years.
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