Healthcare Assistive Robot Market : Top Players – Barrett Technology, LLC., Cyberdyne, Inc., Ekso Bionics Holdings, Inc., GaitTronics Inc., Hansen Medical, Inc., Hocoma, HONDA Motor Co. Ltd., Interactive Motion Technologies, Inc., Kinova Robotics, KUKA

Healthcare Assistive Robot Market size was over USD 200 million in 2015, with 18.9% CAGR estimation from 2016 to 2024.

Rapidly growing geriatric population, increasing incidence of stroke, and improved funding for robotic research technology are some of the factors driving global healthcare assistive robot market size.

Geriatric population base has significantly increased from 9.2% in 1990 to 11.7% in 2013 and is expected to expand continuously reaching 21.1 % by 2050. This demographic shift will create a substantial demand for geriatric-care services such as robots that assist and supports the elderly and disabled population. Healthcare assistive robot market share for rehabilitation is expected witness considerable growth owing to the movement controllability and measurement reliability, making them ideal instruments for quick rehabilitation.

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Assistive rehabilitation robot is established as a gold standard treatment for rehabilitation of stroke recovered patients due to its ability to perform repetitive set of exercises and provide measurable feedback as against physiotherapists. According to WHF, more than 15 million people suffer from stroke each year, of which nearly six million die and remaining five million are left permanently disabled. Increasing number of stroke patients will escalate healthcare assistive robot market demand.

Favorable government regulations have boosted healthcare assistive robots market growth. For instance, Technology-related Assistance for Individuals with Disabilities Act have stimulated development of assistive technology devices by providing funds to the states. Growing awareness coupled with increasing efforts to promote robotic research will fuel business growth.

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Healthcare assistive robot market growth over the forecast years will be restrained by factors such as limited understanding of exact robot mechanism in overcoming nervous and physical impairment, high R&D cost and lack of regulatory approval mechanism before commercialization.

UK healthcare assistive robot market size by 2024 is estimated to surpass USD 55 million, growing at 17.8% CAGR over the forecast period. Favorable government policies, improved R&D funding and growing awareness about benefits of robotics technology will stimulate the Japan healthcare assistive robot market size.

South Korea healthcare assistive robot market is set to witness more than 20% growth from 2016 to 2024 to exceed USD 30 million by 2024. Favorable government initiatives such as Intelligent Robot Development and Promotion Act and increasing public and private funding’s will propel regional industry growth.

Brazil healthcare assistive robot market was more than USD 6 million in 2015 and will grow faster than the global average owing to favorable government policies and increasing number of players entering the industry. South Africa Healthcare Assistive Robot Market is forecast to grow with over 17.5% CAGR from 2016 to 2024 due to increasing technology adoption and the presence of numerous manufacturers in the region.

Entry of new players is restricted by high capital cost, long sales cycle and consumer preference for quality product at low cost. Some of the notable industry participants include KUKA, HONDA Motor, Cyberdyne, Hansen Medical, Hocoma, Kinova, Bionik, ReWalk Robotics, and GaitTronics.

Global Healthcare Assistive Robot Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2012 to 2024, for the following segments:

Global Healthcare Assistive Robot Market By Product
• Surveillance & Security
• Humanoid
• Rehabilitation
• Socially Assistive

Global Healthcare Assistive Robot Market By Portability
• Fixed base
• Mobile

Global Healthcare Assistive Robot Market By Application
• Stroke
• Orthopedics
• Cognitive & Motor Skills
• Sports
• Others

The above information is provided on a regional and country basis for the following:

• North America
o U.S.
o Canada

• Europe
o Germany
o UK
o France
o Italy
o Spain

• Asia Pacific
o Japan
o China
o South Korea

• Latin America
o Brazil
o Mexico

• MEA
o South Africa

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA
Global Market Insights, Inc.
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