Healthcare Assistive Robot Market Analysis

Healthcare Assistive Robot Market Analysis

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Based on product, the healthcare assistive robot market is segmented as surveillance & security robot, humanoid robot, rehabilitation robot and socially assistive robot. Rehabilitation robot dominated the market in 2022 accounting for more than 41% of the total business share. Rapid adoption of technologically advanced robotic equipment in the healthcare sector, increase in healthcare spending, availability of advanced devices and trained personnel in rehabilitation facilities are some of the factors anticipated to drive the industry progress. Moreover, incorporation of advanced technologies in products for disease specific treatment and increase in target population will further propel the market expansion.
 

Based on portability, the healthcare assistive robot market is segmented as fixed base and mobile. The mobile segment is projected to grow at a 21.4% CAGR from 2023-2032. This high market share is owing to several clinical benefits offered by mobile healthcare assistive robots for patients as well as healthcare professionals. Some of the major benefits of mobile robots include improve access for individuals that find difficulty in traveling to healthcare facilities. Additionally, these robots offer personalized care, thereby improving patient outcomes by providing timely and accurate care, monitoring patients, health status, and providing emotional support and companionship with enhanced efficiency.

Based on application, the healthcare assistive robot market is segmented as stroke, orthopedics, cognitive & motor skills, sports, and others. The stroke segment was valued at over USD 131 million in 2022. This majority segmental growth is owing to the availability of advanced healthcare assistive robots, better medical accessibility during emergency situations, better recovery, etc. Healthcare assistive robots can be used to monitor vital signs and motor function, enabling healthcare professionals to detect changes in patient’s conditions and provide timely interventions. These robots provide personalized rehabilitation interventions and emotional support enabling enhanced efficiency, improved quality of life and increased patient outcomes.

North America healthcare assistive robot market is predicted to reach USD 1.1 billion by 2032. This market share is attributable to numerous variables including the presence of key market players, an increase in the number of chronic diseases, and rising awareness regarding the benefits of precise healthcare assistive robot for diagnosis and treatment among others. Moreover, increasing incidence of orthopedic disorders have fueled the demand for healthcare assistive robot for orthopedic procedures in the region. According to the Personalized Orthopedics of the Palm Beaches data, in 2020, approximately 11% of knee reconstruction surgeries were completed with the support of robotic assistance. As the incident cases of orthopedic ailments and other chronic diseases continues to rise in the region, the demand for efficient, proven, and effective healthcare assistive robot has propelled significantly.