Healthcare Assistive Robot Market : Opportunities and Forecast Assessment, 2017 – 2025

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Global Healthcare Assistive Robot market – A synopsis

The Healthcare Assistive Robot market study presents a compilation of market share, demand analysis, and future outlook associated with each segment as well as sub-segment. The key segments include, product type, end use, region, and relevant competitors. Important product-wise segments covered in the report contain product 1, product 2, product 3, and product 4, while important end uses include end use 1, end use 2, end use 3, and end use 4.

The global Healthcare Assistive Robot market is estimated to reach ~US$ xx Mn/Bn in 2019. With a CAGR of xx% throughout the historic period 2014-2019, the Healthcare Assistive Robot market is expected to grow at healthy CAGR of xx% over the foreseeable timeframe 2019-2029. In this research study, 2018 is considered as the base year.

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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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The Healthcare Assistive Robot market research provides vital insights to the readers:

  • Collaborations, R&D projects, acquisitions, and product launches of each Healthcare Assistive Robot market player.
  • Impacts of the growth of relevant industries on the Healthcare Assistive Robot market.
  • Drivers, restraints, opportunities and trends affecting the growth of the global Healthcare Assistive Robot market.
  • Analysis of supply-demand ratio in each end use sector.
  • Adoption trend and consumption behavior across various industries and consumers respectively.

The Healthcare Assistive Robot market research gets rid of the following queries:

  1. Which country in region currently holds the largest share?
  2. What techniques are the vendors implementing to overcome the challenges associated with the Healthcare Assistive Robot market?
  3. What is the present and future prospect of the global Healthcare Assistive Robot market by product?
  4. What are the effects of the Healthcare Assistive Robot on human health and environment?
  5. How many units of Healthcare Assistive Robot have been sold during the historic period 2014-2018?

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The global Healthcare Assistive Robot market research is a result of a comprehensive primary and secondary research performed by the analysts to extract the nuts and bolts of the Healthcare Assistive Robot market. Various service providers, implementation vendors and research in different departments of all gamut of companies were approached to provide a clear-cut picture of the market structure. Further, DROT analysis and Porter’s Five Forces analysis are used to offer the factors influencing the growth of the Healthcare Assistive Robot market.

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This post was originally published on Analytics News