|05-31-2017 03:22 PM CET - Health & Medicine||
Healthcare Assistive Robot Market Regulations and Competitive Landscape Outlook to 2025
Press release from: TMR Research
Global Healthcare Assistive Robot Market: Synopsis
Robots function in an error-free manner and this characteristic has, over the past few years, enticed researchers to develop the technology further. In recent times, robots have proven their worth in the healthcare sector as they can monitor activities of the patients and determine the emotional as well as physical state, and consequently the intent of the patients. Robots achieve this via control architectures and are capable of improving the quality of life of the elderly. Healthcare assistive robots are intelligent assistive robots that can indulge with the patients in social human-robot interactions (HRI) and thereby enhance residual social, cognitive, and affective functioning. As the healthcare industry touches new peaks with every passing year, innovations like robot assistance have been thoroughly welcomed. Concurrently, the global healthcare assistive robot market is projected for a robust growth rate during the forecast period of 2017 to 2025.
This report on the global market for healthcare assistive robot is an elaborate study of the current scenario and based on all the major factors and trends that are primed to impact the growth rate, it presents estimates of the future scenario of the market. One of the key features of the report is its section on company profiles, wherein several major players operating in the healthcare assistive robot market have been analyzed for their latest products, regional outreach, market share, and revenue.
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The global healthcare assistive robot market can be segmented on the basis of product, portability, application, and geography. In terms of product, the market can be divided into surveillance and security, humanoid, socially assistive, and rehabilitation. By portability, the market can be categorized into fixed base and mobile. Application-wise, it can be segmented into stroke, cognitive and motor skills, orthopedics, and sports. Geographically, the report studies the lucrativeness of the regional markets of North America, Asia Pacific, Europe, and Rest of the World.
Global Healthcare Assistive Robot Market: Trends and Opportunities
Rapidly growing geriatric population is the primary driver of this market, as people aged above 65 years generally lack the physical fitness for daily activities and often suffer from diseases that require regular monitoring. According to the National Institute of Aging, 8.5% of the world’s population was aged over 65 years in 2016 and the number is estimated to reach 17.0% by the end of 2050, amounting for nearly 1.6 billion people. Several governments across developed nations have noted the benefits of robots in healthcare and hence are offering incentives, particularly when the assistance is provided to patients with disabilities. This factor, along with growing awareness pertaining to the availability of these robots, is expected to boost the market during the forecast period.
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Global Healthcare Assistive Robot Market: Regional Lucrativeness
The U.S., backed by government support, currently dominates the North America market and is expected to remain the most lucrative region throughout the forecast period. Japan is another highly profitable country-wise market, favored by high percentage of geriatric population and adoptability of new technology. Germany leads the Europe market for healthcare assistive robots.
Companies mentioned in the report
The global market for healthcare assistive robots is fragmented with the presence of a large number of small players. The industry is in an incipient stage with numerous startups presenting immense potential for growth. Cyberdyne, Hansen Medical, HONDA Motor, and KUKA Robot Group are some of the prominent names in this industry, using their financial might and popular products to gain a larger share in the market. Some of the other healthcare assistive robot market players are Ekso Bionics, Hocoma, GaitTronics, Kinova Robotics, ReWalk Robotics, and Bionik.
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About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
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