The healthcare industry has high hopes from the emergence of assistive robot, as they significantly reduce the number of errors in comparison to human and can work tirelessly. This factors is augmenting the demand in the global healthcare assistive robot market, according to a recent study by TMR Research. The report, titled “Healthcare Assistive Robot Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” also credits rising geriatric population as one of the primary reasons driving this market, as these populations need constant monitoring and quick attention.
The report studies all the factors that are expected to impact the demand in the healthcare assistive robot market, positively or negatively, in order to estimate the scenario of the market until 2025. The report has also given considerable emphasis on progress made by various vendors in this market, overviewing the latest products and geographical outreach.
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It has been detected by the report that besides assisting in surgeries and other healthcare departments, these robots also offer consolation by indulging in social human-robot interactions (HRI). These robots also have the ability to understand the emerging complications in a patient and intimate professionals. Increasing incidences of stroke across the world and rising funding for research and robotics technology are some of the other factors augmenting the demand in the global healthcare assistive robot market. On the other hand, high cost, regulation maintenance, and function limitations are some of the prominent factors hindering the growth of this market.
Based on product type, the market for healthcare assistive robot can be segmented into surveillance and security, rehabilitation, humanoid, and socially assistive. Based on portability, this market can be categorized into fixed base and mobile. Application-wise, the global healthcare assistive robot market can be bifurcated into orthopedics, stroke, cognitive and motor skills, and sports. Geographically, the report takes stock of all the important regions such as Europe, Asia Pacific, North America, and the Middle East and Africa. Currently, the U.S. is the most lucrative country, presenting most of the demand for healthcare assistive robot due to growing population of people over 65 years of age, favorable government initiatives, high adoption rate of new technology, and high level of awareness among the medical practitioners.
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As per the findings of the report, the global healthcare assistive robot market is quite fragmented, owing to the presence of a large number of country-wide players. HONDA Motor, Cyberdyne, KUKA Robot Group, and Hansen Medical are some of the leading players who hold notable shares, which is a reflection of their brand value and financial might. The report also identifies GaitTronics, Hocoma, Ekso Bionics, Kinova Robotics, Bionik, and ReWalk Robotics are other promising players in the global healthcare assistive robot market. Being in the nascent stage, there are abundant opportunities available for even more players to explore the market for healthcare assistive robot, with technology as their arsenal.
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