Press release
Healthcare Assistive Robot Market Size Report, 2023-2033
The new report published by The Business Research Company, titled ""Healthcare Assistive Robot Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the healthcare assistive robot market size has grown exponentially in recent years. It will grow from $1.09 billion in 2023 to $1.32 billion in 2024 at a compound annual growth rate (CAGR) of 20.7%. The healthcare assistive robot market size is expected to see exponential growth in the next few years. It will grow to $2.75 billion in 2028 at a compound annual growth rate (CAGR) of 20.2%.
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Navigating The Surge In Orthopedic Disorders With Robotics In Healthcare
The increasing incidence of orthopedic disorders is expected to propel the growth of the healthcare assistive robot market going forward. Orthopedic disorders refer to a broad category of conditions that affect the musculoskeletal system, which includes bones, joints, ligaments, tendons, muscles, and nerves. Healthcare assistive robots for orthopedic disorders help support mobility and rehabilitation and perform precise surgical procedures, thereby enhancing patient care and recovery. For instance, in August 2023, according to the Institute for Health Metrics and Evaluation (IHME), a US-based research institution, nearly 1 billion people will experience osteoarthritis, with knee cases increasing by 75% and hand cases by 50% by 2050. Therefore, the increasing incidence of orthopedic disorders is driving the growth of the healthcare assistive robot market.
Introduction To Technological Advancements Of Rehab Robotics In The Healthcare Assistive Robots Market
Major companies operating in the healthcare assistive robot market are developing innovative technologies, such as gait therapy software, to increase their profitability in the market. Gait therapy software refers to specialized programs that guide robots in assisting patients with walking exercises, aiming to improve mobility and rehabilitation outcomes. For instance, in January 2024, Ekso Bionics Holdings Inc., a US-based robotic exoskeleton manufacturer, launched GaitCoach Software for EksoNR, a clinical rehabilitation wearable robot designed for exoskeletal assistance. This revolutionized gait therapy with its capability to tailor sessions to individual patient needs, provide real-time, dynamic feedback, and deliver precise guidance akin to that of an additional clinical observer. This innovative software, which succeeds SmartAssist, enhances the integration of robotics in rehabilitation, as evidenced by 96% of experienced EksoNR users finding it highly intuitive and 93% valuing its guidance for simplifying usage.
The healthcare assistive robot market covered in this report is segmented -
1) By Type: Care Robot, Surgical Assistive Robot
2) By Portability: Fixed Base, Mobile
3) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End Users
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Major companies operating in the healthcare assistive robot market are HONDA Motor Co. Ltd., Johnson & Johnson, Medtronic PLC, ABB Ltd., Stryker Corporation, TE Connectivity Ltd., Zimmer Biomet Holdings Inc., Fanuc Corporation, Intuitive Surgical Inc., KUKA AG, OmniCell Inc., Globus Medical Inc., SoftBank Robotics Group Corp., Kinova Inc., CMR Surgical Ltd., Diligent Robotics Inc., Cyberdyne Inc., Ekso Bionics Holdings Inc., AlterG Inc., Titan Medical Inc., ReWalk Robotics Ltd., Focal Meditech BV, Barrett Technology, Rex Bionics Ltd., Bionik Laboratories Corp.
Contents of the report:
1. Executive Summary
2. Healthcare Assistive Robot Market Report Structure
3. Healthcare Assistive Robot Market Trends And Strategies
4. Healthcare Assistive Robot Market - Macro Economic Scenario
5. Healthcare Assistive Robot Market Size And Growth
…..
27. Healthcare Assistive Robot Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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