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Healthcare Assistive Robot Market Trends

Report ID: GMI1114
Published Date: May 2023
Report Format: PDF

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Healthcare Assistive Robot Market Trends

The elderly population aged 65 years and older are more prone to chronic diseases and other conditions resulting in physical disability. Healthcare assistive robots aid in several ways by providing assistance and support to geriatric patients and healthcare professionals. There is a considerable rise in number of cases of falls for elderly persons globally. For instance, healthcare assistive robots can be used to monitor the health status of elderly patients, remind them to take medication, and assist with mobility and rehabilitation exercises. Rise in trauma cases including falls, are a key factor necessitating the demand for healthcare assistive robots globally. Thus, rise in geriatric population will fuel the target pool for various conditions such as post-surgical infections, degenerative and metabolic conditions, thereby fuelling the market growth.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Healthcare assistive robot industry size was around USD 514 million in 2022 and will record over USD 3.2 billion by the end of 2032.

Rehabilitation healthcare assistive robot industry share was more than 41% in 2022 driven by factors like 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.

The U.S. is dominating the North America healthcare assistive robots and will reach around USD 1.1 billion valuation by 2032 attributable to the presence of key market players, and an increase in the number of chronic diseases.

Barrett Technology, LLC, Cyberdyne, Inc., GaitTronics Inc., Hansen Medical, Inc., Hocoma AG, HONDA Motor Co. Ltd., Interactive Motion Technologies, Inc., ReWalk Robotics Ltd., SoftBank Robotics Corp., and OmniCell, among others.