Healthcare Assistive Robot Market to Witness an Exponential Growth Graph Over 2021-2024

U.S. healthcare assistive robot market size will grow at a 19.1% CAGR up to 2024 on account of the rising healthcare expenditure in the country. According to the World Bank Data, the healthcare expenditure in the U.S. was 16.8% in 2015, which was relatively higher than other countries. Similar trends in the near future will certainly boost the adoption of robotics assistants in the healthcare sector.

Healthcare assistive robot market forecast would be augmented by the constantly rising geriatric population and the widespread occurrence of chronic diseases across the globe. According to an estimation by the UN’s Department of Economic and Social Affairs Disability, about 15% of the global population is suffering from one or more disabilities.

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The occurrence of disability is considerably higher among the elderly, affecting more than 46% of the people aged 60 years or more. The application of healthcare assistive robots in elderly care services will aid in providing better care and support to the elderly and disabled people.

The CorPath System pioneered by Corindus Vascular Robotics empowers doctors to conduct remote surgery along with allowing them to attain on-site training. The CorPath is claimed to be the world’s first remote telerobotic interventional platform. This system can significantly address the pain points of people located in remote areas deprived of access to appropriate emergency medical care, especially because of the scarcity of skilled surgeons at regional hospitals. Fortunately, the unparalleled blend of robotics and virtual reality in CorPath will help surgeons prepare for critical situations, which will subsequently help impact the revenue scale of healthcare assistive robot market.

The cognitive & motor skills application segment of healthcare assistive robot industry held a revenue share of 24.3% in 2017 and is likely to growth substantially due to the escalating prevalence of neurological disorders around the world. Parkinson’s disease (PD) is a type of neurological disorder that causes motor dysfunction and cognitive impairments. According to the NCBI 2017 report, nearly 1-2 individuals per 1000 people suffer from the disease.

Prominent companies functioning in the global healthcare assistive robot market include ReWalk Robotics, Hansen Medical, GaitTronics, Hocoma, Ekso Bionics Holdings, HONDA Motor Co. Ltd., Interactive Motion Technologies, Kinova Robotics, KUKA Robot Group, Cyberdyne, and Barrett Technology.

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Partial Chapter of the Table of Content

Chapter 4. Healthcare Assistive Robot Market, By Product

4.1. Key segment trends

4.2. Surveillance & Security Robot

4.2.1.  Market size, by region, 2013 – 2024 (USD Mn)

4.3. Humanoid Robots

4.3.1.  Market size, by region, 2013 – 2024 (USD Mn)

4.4. Rehabilitation Robots

4.4.1.  Market size, by region, 2013 – 2024 (USD Mn)

4.5. Socially Assistive Robots

4.5.1.  Market size, by region, 2013 – 2024 (USD Mn)

Chapter 5. Healthcare Assistive Robot Market, By Portability

5.1. Key segment trends

5.2. Fixed Base

5.2.1.  Market size, by region, 2013 – 2024 (USD Mn)

5.3. Mobile

5.3.1.  Market size, by region, 2013 – 2024 (USD Mn)

Chapter 6. Healthcare Assistive Robot Market, By Application

6.1. Key segment trends

6.2. Stroke

6.2.1.  Market size, by region, 2013 – 2024 (USD Mn)

6.3. Orthopedics

6.3.1.  Market size, by region, 2013 – 2024 (USD Mn)

6.4. Cognitive & Motor Skills

6.4.1.  Market size, by region, 2013 – 2024 (USD Mn)

6.5. Sports

6.5.1.  Market size, by region, 2013 – 2024 (USD Mn)

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