What is Healthcare Assistive Robot Market?
Health assistive robot is defined as the device which can sense, process sensory information as well as perform actions. The various benefits of using health care assistive robot such as robots tend to make work easier, give accurate results, error-free characteristic, overlooking several operations in numerous healthcare centers, monitoring patient’s activities, among others. High growth can be attributed to an increase in health care spending by numerous government organizations, increased patient awareness about assistive robots and others will play a significant positive impact on healthcare assistive robot market growth over the forecast timeframe
The market study is being classified by Type (Surveillance&Security, Humanoid, Rehabilitation and Socially Assistive), by Application (Stroke, Orthopedics, Cognitive&MotorSkills, Sports and Others) and major geographies with country level break-up.
Barrett Technology (United States), Cyberdyne (Japan), Ekso Bionics Holdings (United States), GaitTronics (United Kingdom), Hansen Medical (United States), Hocoma (Switzerland), HONDA Motor Co. Ltd. (Japan), Interactive Motion Technologies (United States), Kinova Robotics (Canada), ReWalk Robotics (Israel) and SoftBank Robotics Corp. (Japan) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Healthcare Assistive Robot market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Healthcare Assistive Robot market by Type, Application and Region.
On the basis of geography, the market of Healthcare Assistive Robot 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.
Market Drivers
- Increasing Prevalence of Stroke and Neurological Disorders
- Increasing Investment in Healthcare and Growing Awareness among People Regarding Innovative
- Rising Funding In Healthcare Automation and Robotic Research
Market Trend
- Enhancing the Quality of Life of Patients Admitted to Hospitals and Healthcare Centers
Restraints
- Safety Concerns over Robotic Surgery Devices
Opportunities
- Rapid Growth in the Geriatric Population Worldwide
- Rising Patient Preference for Minimally Invasive Surgeries
Challenges
- High Cost of Robotic Systems
Market Leaders and some development strategies
In March 2018, the National Stroke Association (United States) Company has formed an educational partnership with Ekso Bionics (United States) Company. This partnership will increase awareness as well as access concerning advanced stroke rehabilitation exoskeleton technology. and In July 2017, the Cyberdyne Inc. (Japan) Company and Japan's Tsukuba University (Japan) has developed Hybrid Assistive Limb (HAL). It is a powered exoskeleton suit for people with physical disabilities. Therefore, this will, in turn, propel the growth of healthcare assistive robot market
In 2017, the Omnicell Technologies (United States) has launched the XR2 Automated Central Pharmacy System, which utilizes robotic technology to eliminate manual work. Therefore, this product launched to enable the company to strengthen the health care assistive robot product portfolio
Key Target Audience
Medical Robots and Related Device Manufacturing Companies, Suppliers and Distributors of Medical Robot Systems, Hospitals and Diagnostic Centers, Ambulatory Surgery Centers, Academic Centers and Venture Capitalists