Healthcare Assistive Robot Market To Grow At CAGR of Double-Digit Growth Over 19.3% From 2020 To 2026 – Zion Market Research

Healthcare Assistive Robot Market Product (Socially Assistive, Rehabilitation, Humanoid, and Surveillance and Security), Portability (Mobile, and Fixed-base), Application (Sports, Cognitive and Motor Skills, Orthopedics, Stroke, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

New York, United States - September 24, 2020 /MarketersMedia/ —

According to the report published by Zion Market Research, global demand for the Healthcare Assistive Robot market was valued at approximately USD 510.9 Million in 2019, and is expected to generate revenue of around USD 1,757.3 Million by end of 2026, growing at a CAGR of around 19.3% between 2020 and 2026. This is chiefly attributed to the increasing implementation of highly developed technological equipment across the healthcare industry. The healthcare assistive robots used in the healthcare industry are capable of sensing and performing actions that benefit people having disabilities as well as seniors. The rapidly expanding geriatric population along with pitch in the occurrence of chronic disorders is anticipated to propel the healthcare assistive robots market in the estimated time period.

The prominent industry players in the market are GaitTronics, Hocoma, Barrett Technology, Kuka, Honda, Cyberdyne, Hansen Medical, Interactive Motion Technologies, Kinova Robotics, Ekso Bionics, and ReWalk Robotics.

Rising Cases Of Stroke, Injuries, And Accidents Will Impel The Global Healthcare Assistive Robot Market

The global healthcare assistive robot market is expected to grow owing to the increasing occurrence of stroke coupled with augmenting cases of accidents and injuries across the globe. All these aspects are likely to shoot up the requirement for healthcare assistive robots in the forecasted period. According to data issued by CROI (Conference on Retroviruses and Opportunistic Infections), each year about 15 million people globally suffer from a stroke. From these over 5 million people are permanently disabled, which is alarming evidently hinting the high scope of assistive robots across the healthcare industry. Along with this, the augment in the implementation of assistive robots in rehab treatments of the patient is a major trend reported in the healthcare assistive robot market.

The global healthcare assistive robot market is bifurcated based on the product, portability, application, and geographical analysis. On the basis of product, the market is divided into humanoid, surveillance & security, rehabilitation, and socially assistive. On the basis of portability, the market is divided into mobile and fixed base. On the basis of the applications, the market is divided into orthopedics, stroke, sports, cognitive & motor skills, and others.

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North America Will Witness The Biggest Market Share In The Global Healthcare Assistive Robot Market

Based on geographical analysis, the global healthcare assistive robot market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region is estimated to witness the biggest market share for healthcare assistive robots. Besides this, the Asia Pacific region is likely to report the fastest expansion in the upcoming years owing to the occurrence of advanced healthcare infrastructure, particularly in Australia and Japan.

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The global healthcare assistive robot market is segmented as follows:

By product:

Surveillance & Security
Socially Assistive

By the portability:

Fixed Base
By the applications:

Cognitive & Motor Skills

By region:

North America
The U.S.

The UK
Rest of Europe

Asia Pacific
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Rest of Latin America

Middle East & Africa
South Africa
Rest of Middle East & Africa

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