Press release
Global Healthcare Assistive Robot Market to hit $950mn by 2024
Fractovia.org
Advent of robotics technology leading to creation of perfectly modeled robots for home care & hospitals will push healthcare assistive robot market size in the years ahead. Enormous rise in the aging population plus high rate of strokes will further propel the industry trends.
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Legislations favoring the use of assistive robots across healthcare sector is projected to augment market expansion. Growing awareness about the benefits as well as emerging trends of assistive robotics technologies coupled with strong efforts to encourage research in the field of assistive robotics will promote the industry growth over the coming years.
Socially assistive robots, rehabilitation medical robots, surveillance & security robots, and humanoid robots are few of the major products of healthcare assistive robot market.
Rehabilitation healthcare assistive robot industry size is anticipated to exceed USD 400 million by 2024, driven by its ability to cater to the medical needs of large patient population under the guidance of a sole therapist.
Surveillance & security healthcare assistive robot market value, worth USD 39 million in 2015, is projected to record a CAGR of 18.2% over 2016-2024. Enhanced use of surveillance robots to improve healthcare and medical services is forecast to benefit the industry expansion over the years to come.
Browse key industry insights spread across 200 pages with 64 market data tables & 10 figures & charts from the report Healthcare Assistive Robot Market in detail along with the table of contents:
https://www.fractovia.org/news/industry-research-report/healthcare-assistive-robot-market
Healthcare assistive robots find extensive applications in orthopedics, sports, strokes, and cognitive & motor skills. Orthopedics applications, estimated at USD 56.3 million in 2015, will grow at an annual rate of 19.4% over the coming seven years. Rise in the number of traffic injuries along with the popular use of robots in physiotherapy will spur healthcare assistive robot market growth. Stroke applications, worth USD 70 million in 2015, will hit USD 365 million by 2024. Growing cases of neurological ailments among the older population along with innovations across rehabilitation robotics are expected to boost the product demand over the next few years.
Topographical Highlights pertaining to Healthcare Assistive Robot Market over 2016-2024 are displayed below:
China healthcare assistive robot industry, valued at USD 12 million in 2015, is slated to hit USD 60 million by 2024. Rise in the aging population, high occurrence of strokes, and lack of skilled caregivers & physiotherapists will drive the regional growth.
Beneficial regulations, high R&D investments, and heavy demand for robotics technology will motivate Japan healthcare assistive robot market value over the coming timeframe.
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Brazil healthcare assistive robot industry, worth USD 6 million in 2015, is forecast to grow prominently over the coming timeframe. Supportive government legislations and rise in the number of new entrants will soar the business growth in the region.
UK healthcare assistive robot market is projected to record a CAGR of 17.8% over 2016-2024.
South Korea healthcare assistive robot industry is projected to surpass USD 30 million by 2024, owing to introduction of beneficial government schemes promoting the use of assistive robots.
Key industry participants include ReWalk Robotics, Ekso Bionics, Kinova Robotics, and Bionik.
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