Healthcare Wearable Robots Market Analysis

Healthcare wearable robots market share from the stroke application segment is slated to exhibit over 28.5% CAGR through 2023-2032, given the growing burden of hypertension in emerging economies. As per statistics from the WHO, over 1 in 4 adults has hypertension in India, with only 12% of them having their blood pressure under control. Uncontrolled blood pressure is considered a risk factor for cardiovascular diseases including stroke. Additionally, stroke can lead to long- or short-term disability, further stimulating demand for effective healthcare technologies such as wearable robots.

In terms of end-use, the healthcare wearable robots market value from the homecare segment will be over USD 2 billion by 2032. This is a result of the extensive availability of technologically advanced and cost-effective medical wearables for better patient management in homecare settings. Patients are also gaining more awareness regarding quality treatment and affordability of disease treatment at home. Furthermore, the increased knowledge about the risks of hospital-acquired infections will boost the usage of healthcare wearable robot in homecare applications.

North America accounted for over 43% share of the healthcare wearable robots market in 2022, due to the strong presence of medical robot manufacturers including ANGEL Robotics. These market players are making hefty investments to develop novel technologies such as AI-powered exoskeletons to cater to the rising patient needs in the region. These factors, alongside the government’s emphasis on promoting healthcare robotics, as well as the growing acceptance of robotic tech in healthcare, are expected to drive product consumption across North America.