Assistive Robotics Market
SKU ID :
No. of pages:
The assistive robotics market size is expected to grow at a CAGR 21.98% rate during the forecast period. The increasing incidences of strokes and spinal cord injuries are one of the key factors driving the growth of market. The rising insurance coverage for medical exoskeletons and robotic surgeries is another factor driving market growth.
Stationary robots are expected to hold the largest share of the market. Stationary assistive robotic systems are those which are fixed in one position. These robotic systems perform their tasks at a fixed location and are used mostly in households and medical applications. Surgical robots, along with robotic manipulators, dynamic arm supports, and meal supports come under the category of stationary assistive robots. The rising demand for surgical robots across the world is expected to drive the market for stationary assistive robots in manufacturing.
Physically assistive robots, expected to grow at the highest CAGR, aid individuals suffering from medical conditions and injuries that limit the upper body or lower body movements. These robots are also used in rehabilitation centers to provide rehabilitation to recovering individuals who had suffered neurological and spinal cord injuries.
Handicap assistance application is expected to grow at the highest CAGR during the forecast period. Assistive robotic systems assist the disabled. With an increase in the number of people suffering from stroke and spinal cord injuries across the world, the application of these robotic systems for handicap assistance is likely to rise at a significant rate.
The Market in APAC is expected to grow at the highest CAGR. APAC region is expected to be driven by the shortage of trained care workers, coupled with the rising geriatric population. With the number of elderly on the rise at an unprecedented rate and the lack of caretakers, the market for assistive robots in this region is likely to grow at a significant pace in coming years.
Key market players includes Kinova Robotics (Canada), Focal Meditech (Netherlands), Cyberdyne (Japan), Intuitive Surgical (US), ReWalk Robotics (Israel), SoftBank Robotics (Japan), Ekso Bionics (US), Ubtech Robotics (China), Barrett Technology (US), Hyundai (South Korea), Stryker (US), Hocoma (Switzerland), Blue Frog Robotics (France), DreamFace Technologies (US), Double Robotics (US), Fourier Intelligence (China), CT Asia Robotics (Thailand), F&P Robotics (Switzerland), Axosuits (Romania), Japet Medical Devices (France), Hanson Robotics (Hong Kong), Motorika (US), and Rex Bionics (New Zealand)
Key Questions Addressed by the Report
- Where will all these developments take the industry in the mid to long term?
- What are the emerging applications of assistive robots?
- How are advancements in other application areas influencing the market?
- Which countries are expected to witness significant growth in the assistive robotics industry?
- What initiatives have companies undertaken to maintain their positions in their market?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Assistive Robotics Market, By Application
6. Assistive Robotics Market, By Type
Physically assistive robots
Socially assistive robots
Mixed assistive robots
7. Assistive Robotics Market, By Mobility
8. Assistive Robotics Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
9. Company Profiles
Buy Chapters or Sections
Avail customized purchase options to meet your exact research needs:
- Buy sections of this report
- Buy country level reports
- Request for historical data
- Request discounts available for Start-Ups & Universities
Why Choose Us
- 24/5 Research support
Get your queries resolved from an industry expert.
- Custom research service
Design an exclusive study to serve your research needs.
- Quality assurance
A testimonial for service in the form of BBB “A” Accreditation.
- Information security
Your personal and confidential information is safe and secure.
Key Topic Covered
Team User, Single User, Enterprise Access