What is Assistive Robotics Market?
An assistive robot performs a physical task for the benefit of a disabled person or for older age. The job is situated within the framework of everyday human activity (ADLs). Robotic assistive devices are increasingly being utilized to help people with impairments gain independence and enhance their quality of life. Robotic feeders, smart-powered wheelchairs, mobile robots that are self-contained, and socially helpful robots are all becoming increasingly therapeutically useful.
Highlights from Assistive Robotics Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD N) |
Key Companies Profiled | 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) |
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Assistive Robotics market throughout the forecasted period.
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) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Double Robotics (United States), F&P Robotics (Switzerland) and Japet Medical Devices (France). Assistive Robotics Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Handicap Assistance, Elderly Assistance, Surgery Assistance, Companionship, Industrial, Defense, Public Relations and Others |
Type | Fixed-base robots {Workstation, Bedside} and Mobile robots {Autonomous, Wheelchair} |
Features | Pinocchio {simple-minded robot arm},Jiminey {helpful consultant / coach} |
Component | Touch Sensors,Power Amps,Controller,Speaker,Microphone,Others |
On the basis of geography, the market of Assistive Robotics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement Embedded with Artificial Intelligence in Mobile Assistance Robot Controlled by Software and Sensors
Market Growth Drivers:
Increasing Case of Physically Challenged, Suffering from Medical Conditions and Injuries that Limit the Power of Upper or Lower Body Part and The demand for Rehabilitation Robots to Assist the Geriatric Population
Challenges:
Chance of Mechanical Failure in Robotic Arm, Camara, Touch Sensor, and Controller can hamper the Assistive Robotics Market
Restraints:
High Cost of Therapy of Robots can Constrain the Assistive Robotics Market and Lack of Social Awareness Regarding the Adoption of Assistive Robot Can Hinder the Market
Opportunities:
Government Focus on Using Exoskeleton Technology in Defense Application can Boost the Assistive Robotics Market and Rising Insurance Coverage for Robotic Surgeries and Medical Exoskeleton Will Grow the Assistive Robotics Market
Key Target Audience
Assistive Robotics Manufactures, Assistive Robotics Distributors and Suppliers, Assistive Robotics International Traders, Research and Development Institutes, Financial Institutes and Investors, Regulatory Bodies, Downstream and Upstream Buyers and Others
Market Leaders & Development Strategies
On 13 Feb 2019, Johnson n Johnson announces the acquisition of Auris Healthcare for the Surgical Robotic space. This acquisition will help this combination is a tribute to the Auris Health team's hard work and the Monarch Platform's innovation engine, which marks a major step forward in endoluminal technology. With the combined experience and resources of the world's biggest healthcare organization, the business looks forward to continuing to create the future of intervention. These technologies, when combined with market-leading medical implants and solutions, provide the foundation of a holistic digital ecosystem that aids surgeons and patients before, during, and after surgery.
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.