Press release
Healthcare Assistive Robot Market Set to Reach $3.31 Billion by 2029 with 20.2% Yearly Growth
Healthcare Assistive Robot Market
The healthcare assistive robot market is expected to grow from $1.32 billion in 2024 to $1.59 billion in 2025, reflecting a CAGR of 20.6%. The growth is attributed to the aging population, increasing chronic disease prevalence, regulatory support, and the rise in sports-related injuries.
The healthcare assistive robot market is forecasted to experience exponential growth, reaching $3.31 billion by 2029 at a CAGR of 20.2%. Growth drivers include labor shortages in healthcare, rising healthcare costs, a focus on patient care, greater awareness of assistive needs, and the expansion of telemedicine. Key trends include technological advancements, mobility solutions, AI and machine learning integration, improvements in human-robot interaction, and innovations in wearable technologies.
What Are the Forces Behind the Rapid Growth of the Healthcare Assistive Robot Market?
The increasing incidence of orthopedic disorders is expected to drive the growth of the healthcare assistive robot market. Orthopedic disorders, including conditions affecting the musculoskeletal system, often require mobility support and rehabilitation, as well as precise surgical procedures. Healthcare assistive robots are integral to improving patient care and recovery in these areas. The Institute for Health Metrics and Evaluation (IHME) projected that nearly 1 billion people will suffer from osteoarthritis by 2050, with knee and hand cases increasing significantly. This growing incidence of orthopedic conditions will propel demand for healthcare assistive robots.
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Who Are the Dominant Companies Influencing Healthcare Assistive Robot Market Trends?
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.
How Is the Healthcare Assistive Robot Market Evolving?
In the healthcare assistive robot market, companies are advancing technologies like gait therapy software to improve rehabilitation outcomes. Gait therapy software helps robots guide patients through walking exercises. For instance, in January 2024, Ekso Bionics Holdings Inc., a U.S.-based robotic exoskeleton manufacturer, launched GaitCoach Software for its EksoNR wearable robot. This software provides tailored gait therapy sessions and real-time feedback, improving mobility and rehabilitation outcomes.
What Are the Different Segmentations in the Healthcare Assistive Robot Market?
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
Subsegments:
1) By Care Robot: Companion Robots, Rehabilitation Robots, Mobility Assistance Robots, Telepresence Robots, Hygiene And Sanitation Robots
2) By Surgical Assistive Robot: Robotic Surgical Systems, Robotic Endoscopic Systems, Robotic Orthopedic Systems, Robotic Assistance For Minimally Invasive Surgeries
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Which Region Is at the Forefront of the Healthcare Assistive Robot Market?
North America was the largest region in the healthcare assistive robot market in 2024. The regions covered in the healthcare assistive robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Healthcare Assistive Robot Global Market Report?
- Market Size Analysis: Analyze the Healthcare Assistive Robot Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Healthcare Assistive Robot Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Healthcare Assistive Robot Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Healthcare Assistive Robot Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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