Press release
Healthcare Assistive Robot Market to Witness High Growth in near future: Leading Key Players like Barrett Technology, Cyberdyne, Ekso Bionics Holdings, GaitTronics, Hansen Medical, Hocoma, HONDA Motor Co. Ltd., Interactive Motion Technologies, Kinova Robo
Healthcare Assistive Robot Market will exceed USD 1.2 billion by 2024; as per a new research report.
Rapidly growing geriatric population coupled with increasing incidences of chronic disorders in population will drive the healthcare assistive robots market growth over the forecast time period. As per United Nations 2017 report, there are an estimated 962 million people aged 60 or over in the world. In addition, increasing demand for elder-care services including healthcare assistive robots that can assist in care and support of the elder and disabled populations will augment business growth in upcoming years.
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Rising funding for research on robotics technology is also a contributing factor for healthcare assistive robot market growth. For instance, the National Institutes of Health (NIH) is focusing on the advanced research in the field of robotic technology development to enhance health and reduce disability by announcing funding for the same. The aim of this funding is to encourage the transformation of rehabilitation robotic technology to support health care providers and individuals in need of rehabilitation that will foster healthcare assistive robot business growth in forthcoming years.
Rehabilitation robot segment was valued at USD 152.3 million in 2017 and is expected to grow significantly over the forecast time period owing to technological advancements. For instance, Panasonic?s RoboticBed transforms itself from a bed to a robotic wheelchair and releases the bed-ridden aged people from dependence on caregivers for localized movement. Such rising innovative technologies will help in expanding healthcare assistive robot industry growth over the coming years.
Mobile robot segment will witness 19.8% CAGR by 2024 due to increasing awareness in population regarding innovative mobile robots. Mobile robots are generally controlled by sensors and software to identify their surroundings. Mobile robots comprise of emerging technologies such as artificial intelligence with physical robotics that allows them to navigate their surroundings and helps in assistance of geriatric population. In addition, growing adoption of these healthcare assistive robots will help in growth of the market over the coming years.
Cognitive & motor skills segment accounted for 24.3% revenue share in 2017 owing to increasing prevalence of neurological disorders across the globe. Some of the neurological disorders including parkinson's disease (PD) cause cognitive impairment and motor dysfunctioning. As per NCBI 2017 report, PD affects 1-2 per 1000 of the global population. PD prevalence is increasing with age and it affects 1% of the population above 60 years. In such cases for improving patient cognitive ability the healthcare assistive robots are very useful.
U.S. healthcare assistive robot market will grow at 19.1% CAGR by 2024 owing to increasing healthcare expenditure in country. For instance, as per World Bank Data 2015, the healthcare expenditure in country was 16.8%, comparatively higher than other countries. Such rising healthcare expenditure ultimately increases people preference towards advance technologies including healthcare assistive robots thereby boosting healthcare assistive robot industry growth in upcoming years.
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China healthcare assistive robot market was valued at USD 19.6 million in 2017 and is estimated to experience considerable growth over the coming years. The growth is attributed to increasing various government initiatives for collection of funding for robot related research in country thereby, fostering healthcare assistive robot market growth.
Some of the prominent market players operating in healthcare assistive robot market include Barrett Technology, Cyberdyne, Ekso Bionics Holdings, GaitTronics, Hansen Medical, Hocoma, HONDA Motor Co. Ltd., Interactive Motion Technologies, Kinova Robotics, KUKA Robot Group and ReWalk Robotics Industry competitors are mainly focusing on inorganic strategies such as partnership, merger and acquisitions. Additionally, it also strengthens their foothold in the healthcare assistive robot market and capture market share.
The Key Objectives of The Report Are as Follows:
• Define, Analyze and Forecast Healthcare Assistive Robot Market by Product Applications, Key Players and Region.
Forecast the Market Size with Varied Segments Concerning Main Regions
• Give Elaborated Data Regarding the Foremost Factors (Opportunities, Drivers, Restraints, And Industry-Specific Challenges) Influencing the Expansion of Healthcare Assistive Robot Market.
• Analyze the Industry with Relation to Individual Growth Trends, Prospects and Contributions to The Whole Healthcare Assistive Robot Market.
• Analyze Opportunities Within the Marketplace for Varied Stakeholders by Distinguishing the High-Growth Segments of Healthcare Assistive Robot Market.
• Profile the Key Players and Comprehensively Analyses Their Market Position in Terms of Ranking and Core Competencies Together with The Competitive Landscape.
• Analyze Competitive Developments, Like Partnerships and Joint Ventures, New Product Developments, Expansions, And Development in Healthcare Assistive Robot Market.
Key Points Covered in The Healthcare Assistive Robot Market Research Reports:
• Industry Overview: Definition, Brief Introduction of Major Classifications, Applications, Major Regions.
• Production Market Analysis: Healthcare Assistive Robot Market Capacity, Production, Capacity Utilization Rate, Ex-Factory Price, Revenue, Cost, Gross and Gross Margin Analysis, Major Manufacturers Performance and Market Share, Regional Market Performance and Market Share.
• Sales Market Analysis: Sales Volume, Sales Price and Sales Revenue Analysis, Regional Sales Market Analysis.
• Consumption Market Analysis: Consumption Volume Analysis, Regional Consumption Market Analysis, Regional Market Performance and Market Share.
• Production, Sales and Consumption Market Comparison Analysis: By Regional Healthcare Assistive Robot Market Performance and Market Share.
• Major Manufacturers Production and Sales Market Comparison Analysis: and Regional Major Manufacturers Production and Sales Market Comparison Analysis.
Scope of Healthcare Assistive Robot Market by Region:
• North America (USA, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
The Questions Briefly Answered in Healthcare Assistive Robot Market Report:
• What is The Worldwide Production, Consumption, Consumption Price, Import and Export of Healthcare Assistive Robot?
• Who Are the Worldwide Key Manufacturers of Healthcare Assistive Robot Market However Are Their In-Operation Scenario (Capacity, Production, Price, Cost, Gross and Revenue)?
• The Market Share of Every Type and Application of Healthcare Assistive Robot?
• What Are the Upstream Raw Materials and What is The Producing Method of Healthcare Assistive Robot?
• Economic Impact on Healthcare Assistive Robot Trade and Development Trend of Healthcare Assistive Robot Industry?
• What Will Be the Healthcare Assistive Robot Market Size and Therefore the Rate of Growth Be In 2025?
• What Are the Key Market Trends Impacting the Expansion of The Healthcare Assistive Robot Industry?
• What Are the Healthcare Assistive Robot Market Challenges to Stimulate Growth?
• What Are the Healthcare Assistive Robot Market Opportunities and Threats by The Vendors Within Market?
Other Analyses: Apart from The Aforementioned Information, Trade and Distribution Analysis for The Manufactured Housing Industry, SWOT Analysis for New Projects and Feasibility Analysis for New Investment Are Included.
Report Highlights:
• Elaborated Summary of Parent Market
• Changing Market Dynamics of The Healthcare Assistive Robot
• Historical, Current and Projected Market Size in Terms of Volume and Price
• Recent Business Trends and Developments
• Potential and Niche Segments/Regions Showing Promising Growth
• A Neutral Perspective Towards Market Performance
• Key Information for Market Players to Sustain and Enhance Their Market Footprint
Complete report titled at https://www.marketstudyreport.com/reports/healthcare-assistive-robot-market
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