According to the study, Technological Advancement Embedded with Artificial Intelligence in Mobile Assistance Robot Controlled by Software and Sensors is one of the primary growth factors for the market. Increasing Case of Physically Challenged, Suffering from Medical Conditions and Injuries that Limit the Power of Upper or Lower Body Part
is also expected to contribute significantly to the Assistive Robotics market. Overall, Handicap Assistance
applications of Assistive Robotics, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Kinova Robotics (Canada), Focal Meditech (Netherlands), Roam Robotics (United States), Cyberdyne (Japan), Intuitive Surgical (United States), ReWalk Robotics (Israel), Ekso Bionics (United States), Ubtech Robotics (China), Johnson & Johnson (United States), Barrett Technology (United States), Hyundai (South Korea), Stryker (United States), Blue Frog Robotics (France) and DreamFace Technologies (United States) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Assistive Robotics market identified that the demand is rising in many different parts of the world as "Government Focus on Using Exoskeleton Technology in Defense Application can Boost the Assistive Robotics Market
". Furthermore, some recent industry insights like "On 28 April 2021, Roam Robotics launches a Smart wearable Robotic Knee Brace. The technology, which was just approved by the FDA as a Class I medical device, uses AI to adapt technology that detects and adjusts to the wearer's motions. Embedded sensors monitor things like moving up and downstairs and standing up from a seated posture, and the device adds the company's skiing and military-focused offerings. It creates motion with the use of a power source and an air compressor. Wearable robotics, according to the company's concept, integrates seamlessly with the human body to enable people to live healthier, happier, and more active lives, free of physical restrictions." is constantly making the industry dynamic. One of the challenges that industry facing is "Chance of Mechanical Failure in Robotic Arm, Camara, Touch Sensor, and Controller can hamper the Assistive Robotics Market"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Assistive Robotics market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Assistive Robotics market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Assistive Robotics market tight? Which application/end-user category or Product Type [Fixed-base robots {Workstation, Bedside} and Mobile robots {Autonomous, Wheelchair}] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Assistive Robotics market and other related sub-markets covered in the study.
o Key & emerging players in the Assistive Robotics market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Assistive Robotics market size is calculated using market estimation process, the Assistive Robotics market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Assistive Robotics market size has been validated using both top-down and bottom-up approaches.