Handicap Assistive Robots Market Growth and its Detail Analysis by Top key Companies are Assistive Innovations BV, Bioness Inc., Ekso Bionics

Handicap assistive robots, also known as disability robots, are designed to help people who have physical disabilities that impede their daily tasks. These are also employed for people recovering from diseases such as stroke or abstained injuries. Children with severe physical disabilities become dependent on others and lose interests in their surroundings and studies. Robotic arms are becoming increasingly popular among them as they help them with their daily activities.

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The United Nations defines disability as a discrepancy that arises between personal abilities on one hand and demands of the environment and society on the other. Handicap assistive robots can sense, process sensory information, and perform actions that assist elderly people and people with disabilities. Rise in number of people suffering from physical disabilities is boosting the demand for assistive technologies. Assistive robots can be considered the future of disability aids, ensuring proper care of the elderly and disabled population. The global handicap assistive robots market is expected to grow rapidly during the forecast period owing to rise in adoption of advanced technologies such as robotics.

Rise in adoption of microprocessor controlled prosthetics (MPC prosthetics), handicap assistive robots, and health care exoskeleton systems; increase in the number of accidents leading to disabilities; growing health care spending; and economic growth of countries with large number of people with disabilities such as India and China are likely to drive the global handicap assistive robots market during the forecast period. However, lack of awareness about available technologies and high cost of robotic devices are anticipated to restrain the growth of the market in developing regions of the world.

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The global handicap assistive robots market can be segmented based on product type, body function, robot’s mobility, end-user, and region. Based on product type, the market can be categorized into robotic wheelchairs, assistive robotic devices, and mobility-aid exoskeletons. Among these, robotic wheelchairs are likely to hold major share of the global handicap assistive robots market during the analysis period. In terms of body function, the global handicap assistive robots market can be classified into upper-extremity robots and lower-extremity robots. Based on robots mobility, the global handicap assistive robots market can be divided into mobile robots and fixed robots. In terms of end-user, the market can be bifurcated into hospitals, disability care centers, old age homes, home care settings, others.

Based on region, the global handicap assistive robots market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to be the leading market for handicap assistive robots owing to the presence of large population suffering from physical disabilities, high disposable income, growing research and development activities, and launch of advanced robotic systems in the region.

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Moreover, government initiatives regarding care of handicap people and availability of favorable reimbursement policies are likely to propel the growth of the global handicap assistive robots market in North America during the forecast period. Europe is likely to be the second largest market for handicap assistive robots due to strong government funding and high awareness about advanced technologies for handicap persons in the region.

Key players operating in the global handicap assistive robots market include Assistive Innovations BV, Bioness Inc., Ekso Bionics, Focal Meditech BV, Qode Interactive, Invacare Corporation, Kinova Inc., ReWalk Robotics, and Topchair SAS.

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