Press Release

Assessment of the Healthcare Assistive Robot Market

TMRR, in its recently published market research study, provides an out-an-out analysis of the current and future prospects of the Healthcare Assistive Robot market over the forthcoming decade. The study thoroughly analyzes all-round prospects of the Healthcare Assistive Robot market in various regional markets. In addition, the report examines the political and economic scenarios in different regions and their impact on the overall dynamics of the Healthcare Assistive Robot market.

The study reveals that the Healthcare Assistive Robot market is expected to reach a value of ~US$XX in 2019 and grow at a CAGR of ~XX% between 2019 and 2029. Furthermore, the study provides a thorough analysis of the quantitative and qualitative aspects of the Healthcare Assistive Robot market across various geographies.

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Critical information that can be drawn from the Healthcare Assistive Robot market report:

  • Evaluation of the key success factors that are expected to propel the growth of the Healthcare Assistive Robot market
  • Recent technological advances and innovations relevant to the Healthcare Assistive Robot market
  • The growth potential of emerging market players in various regions
  • Current and upcoming trends expected to influence the growth of the Healthcare Assistive Robot market
  • Import-export and supply-demand ratio analysis of the Healthcare Assistive Robot

The report addresses the following queries pertaining to the Healthcare Assistive Robot market:

  1. What are the different organic and inorganic growth strategies adopted by players in the Healthcare Assistive Robot market?
  2. Which region is expected to dominate the Healthcare Assistive Robot market in terms of share in the forecast period?
  3. How are market players reducing their environmental footprint?
  4. What are the latest innovations in the Healthcare Assistive Robot market?
  5. What is the estimated value of the Healthcare Assistive Robot market in 2019?

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Healthcare Assistive Robot Market Segmentation

The report bifurcates the Healthcare Assistive Robot market to offer a microscopic view of the various aspects of the market. The Healthcare Assistive Robot market is segmented on the basis of region, product type, end-user, and more.

Trends and Opportunities

Rapidly growing geriatric population is the primary driver of this market, as people aged above 65 years generally lack the physical fitness for daily activities and often suffer from diseases that require regular monitoring. According to the National Institute of Aging, 8.5% of the world’s population was aged over 65 years in 2016 and the number is estimated to reach 17.0% by the end of 2050, amounting for nearly 1.6 billion people. Several governments across developed nations have noted the benefits of robots in healthcare and hence are offering incentives, particularly when the assistance is provided to patients with disabilities. This factor, along with growing awareness pertaining to the availability of these robots, is expected to boost the healthcare assistive robot market during the forecast period.

Global Healthcare Assistive Robot Market: Regional Lucrativeness

The U.S., backed by government support, currently dominates the North America market and is expected to remain the most lucrative region throughout the forecast period. Japan is another highly profitable country-wise market, favored by high percentage of geriatric population and adoptability of new technology. Germany leads the Europe market for healthcare assistive robots.

Companies mentioned in the report

The global healthcare assistive robot market is fragmented with the presence of a large number of small players. The industry is in an incipient stage with numerous startups presenting immense potential for growth. Cyberdyne, Hansen Medical, HONDA Motor, and KUKA Robot Group are some of the prominent names in this industry, using their financial might and popular products to gain a larger share in the market. Some of the other healthcare assistive robot market players are Ekso Bionics, Hocoma, GaitTronics, Kinova Robotics, ReWalk Robotics, and Bionik.

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