Healthcare Assistive Robot Market
Healthcare Assistive Robot Market Size, Share & Trends Analysis Report by Application (Orthopedics, Cognitive & Motor Skills, Strokes, and Sports), by Portability (Fixed Base, Mobile), Forecast Period 2023-2030 Update Available - Forecast 2024-2030
Healthcare assistive robot market is anticipated to grow at a significant CAGR of 16.4% during the forecast period. 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 lead to the healthcare assistive robots market growth. Therefore, the growing prevalence of strokes and spinal cord injuries are the factors fueling the growth of the healthcare assistive robot market during the forecast period. However, the necessity to accept several standards and certifications mainly in the medical industry may hamper the growth of the healthcare assistive robot market over the forecast period.
Additionally, the factor that is expected to boost the growth of the healthcare assistive robot industry includes an increasing number of injuries caused by traffic accidents across the globe, rising scientist focus on developing improved point-of-care bedside robots for enhanced patient care, and a growing number of patients being admitted in hospitals. Moreover, increasing funding in healthcare automation and robotic research, and growing awareness initiatives supported by government and non-government institutes to raise awareness and education related to the benefits of assistive robots is also expected to create opportunities for market growth. The growing need for controlling post-stroke rehabilitation and the different advantages provided by assistive robots for joint replacement, knee surgery, and post-total knee replacement propels the growth of the market during the forecast period.
Segmental Outlook
The global healthcare assistive robot market is segmented based on application and portability. Based on applications, the market is segmented into orthopedics, cognitive & motor skills, strokes, and sports. Based on portability, the market is segmented into fixed base, and mobile. Among the application segment, the orthopedics sub-segment is anticipated to register significant growth for the forecast period. The growth of the orthopedics sub-segment is attributed to growing cases of injuries owing to traffic accidents. As per the WHO, around 20 to 50 million people each year suffer injuries and disabilities owing to road accidents. Increasing adoption of assistive robots in orthopedics owing to the demand for assistance after total knee replacement and joint replacement is anticipated to fuel the growth of the segment.
Regional Outlooks
The global healthcare assistive robot market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is anticipated to have the largest market share in the healthcare assistive robot market during the forecast period. Owing to increasing healthcare infrastructure and growing awareness among people related to the advanced use of robotics fuel the growth of the region. Additionally, initiatives taken by the organizations include the University of Texas at Arlington and the research institute to bridge the gap between product development and academic research in the area of biomedical technologies, improved manufacturing, and robotics which have shown a positive impact on the growth of the regional industry.
Global Healthcare Assistive Robot Market Growth, by Region 2023-2030
Asia-Pacific will Augment with the Fastest Rate in the Healthcare Assistive Robot Market
The market in Asia-Pacific is expected to be the fastest-growing region mainly owing to rising healthcare spending through several government organizations, growing patient awareness regarding assistive robots, and favorable healthcare reforms. Moreover, the rising focus of major industry players on developing improved healthcare assistive robots is another factor fueling the industry's growth.
Market Players Outlook
The key players in the healthcare assistive robot market include Barrett Technology, LLC, ReWalk Robotics Ltd., SoftBank Robotics Corp., Diligent Robotics, GaitTronics Inc., KUKA AG, Transenterix, Ekso Bionics Holdings, Inc., and HONDA Motor Co. Ltd. These players are adopting various strategies to expand their market share. For instance, in January 2018, Cyberdyne, a Japanese robotics company got approval from the FDA to being developed Hybrid Assistive Limb (HAL) lower body exoskeleton suit for people in the US through licensed medical facilities along with physical disabilities.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global healthcare assistive robot market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Barrett Technology, LLC
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. ReWalk Robotics Ltd.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Diligent Robotics
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. SoftBank Robotics Corp.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. GaitTronics Inc.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Healthcare Assistive Robot Market by Applications
4.1.1. Orthopedics
4.1.2. Cognitive & Motor Skills
4.1.3. Strokes
4.1.4. Sports
5. Global Healthcare Assistive Robot Market by Portability
5.1.1. Fixed Base
5.1.2. Mobile
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Auris Health, Inc.
7.2. Barrett Technology, LLC
7.3. Cyberdyne, Inc.
7.4. Diligent Robotics, Inc.
7.5. Ekso Bionics Holdings, Inc.
7.6. Focal Meditech (A division of KoninklijkeMetaalunie)
7.7. GaitTronics Inc.
7.8. Hocoma AG (A Division of the DIH Medical group)
7.9. HONDA Motor Co. Ltd.
7.10. Hyundai Motor Company
7.11. Kinova, Inc.
7.12. KUKA AG
7.13. Myomo, Inc.
7.14. NextStep Robotics, Inc.
7.15. ReWalk Robotics Ltd.
7.16. SoftBank Robotics Corp.
7.17. Toyota Motor Corp.
1. GLOBAL HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
2. GLOBAL ASSISTIVE ROBOT FOR ORTHOPEDICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL ASSISTIVE ROBOT FOR COGNITIVE & MOTOR SKILLS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL ASSISTIVE ROBOT FOR STROKES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL ASSISTIVE ROBOT FOR SPORTS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY PORTABILITY, 2022-2030 ($ MILLION)
7. GLOBAL FIXED BASE HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL MOBILE HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. NORTH AMERICA HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
10. NORTH AMERICAN HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2030 ($ MILLION)
11. NORTH AMERICAN HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
12. NORTH AMERICAN HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY PORTABILITY, 2022-2030 ($ MILLION)
13. EUROPE HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
14. EUROPE HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2030 ($ MILLION)
15. EUROPE HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
16. EUROPE HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY PORTABILITY, 2022-2030 ($ MILLION)
17. ASIA-PACIFIC HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
18. ASIA-PACIFIC HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2030 ($ MILLION)
19. ASIA-PACIFIC HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
20. ASIA-PACIFIC HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY PORTABILITY, 2022-2030 ($ MILLION)
21. REST OF THE WORLD HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2030 ($ MILLION)
22. REST OF THE WORLD HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
23. REST OF THE WORLD HEALTHCARE ASSISTIVE ROBOT MARKET RESEARCH AND ANALYSIS BY PORTABILITY, 2022-2030 ($ MILLION)
1. GLOBAL HEALTHCARE ASSISTIVE ROBOT MARKET SHARE BY APPLICATION, 2022 VS 2030 (%)
2. GLOBAL HEALTHCARE ASSISTIVE ROBOT MARKET SHARE BY PORTABILITY, 2022 VS 2030 (%)
3. GLOBAL HEALTHCARE ASSISTIVE ROBOT MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL ASSISTIVE ROBOT FOR ORTHOPEDICS MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL ASSISTIVE ROBOT FOR COGNITIVE & MOTOR SKILLS MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL ASSISTIVE ROBOT FOR STROKES MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL ASSISTIVE ROBOT FOR SPORTS MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL FIXED BASE HEALTHCARE ASSISTIVE ROBOT MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL MOBILE HEALTHCARE ASSISTIVE ROBOT MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. THE US HEALTHCARE ASSISTIVE ROBOT MARKET SIZE, 2022-2030 ($ MILLION)
11. CANADA HEALTHCARE ASSISTIVE ROBOT MARKET SIZE, 2022-2030 ($ MILLION)
12. UK HEALTHCARE ASSISTIVE ROBOT MARKET SIZE, 2022-2030 ($ MILLION)
13. FRANCE HEALTHCARE ASSISTIVE ROBOT MARKET SIZE, 2022-2030 ($ MILLION)
14. GERMANY HEALTHCARE ASSISTIVE ROBOT MARKET SIZE, 2022-2030 ($ MILLION)
15. ITALY HEALTHCARE ASSISTIVE ROBOT MARKET SIZE, 2022-2030 ($ MILLION)
16. SPAIN HEALTHCARE ASSISTIVE ROBOT MARKET SIZE, 2022-2030 ($ MILLION)
17. ROE HEALTHCARE ASSISTIVE ROBOT MARKET SIZE, 2022-2030 ($ MILLION)
18. INDIA HEALTHCARE ASSISTIVE ROBOT MARKET SIZE, 2022-2030 ($ MILLION)
19. CHINA HEALTHCARE ASSISTIVE ROBOT MARKET SIZE, 2022-2030 ($ MILLION)
20. JAPAN HEALTHCARE ASSISTIVE ROBOT MARKET SIZE, 2022-2030 ($ MILLION)
21. REST OF ASIA-PACIFIC HEALTHCARE ASSISTIVE ROBOT MARKET SIZE, 2022-2030 ($ MILLION)
22. REST OF THE WORLD HEALTHCARE ASSISTIVE ROBOT MARKET SIZE, 2022-2030 ($ MILLION)
