Assistive Robotics Market Size, Share & Growth Report | 2031
Assistive Robotics Market Size, Share & Growth Report | 2031
Segments - Assistive Robotics Market by Type (Physically Assistive Robots, Socially Assistive Robots, and Mixed Assistive Robots), Application (Industrial, Elderly Assistance, Surgery Assistance, Companionship, Handicap Assistance, Defense, and Public Relationships), and Portability (Mobile and Stationary), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :ICT-SE-5251
| 4.4 Rating
| 65 Reviews
| 211 Pages
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Report Description
The global assistive robotics market size was USD XX Mn in 2022 and is likely to reach USD XX Mn by 2031, expanding at a CAGR of XX% during 2023–2031. The market growth is characterized by the rising geriatric population and insurance coverage provided by insurance companies for assistive robotics systems.
According to World Health Organization (WHO), approximately 16% % of the world’s population is disabled. Disabled people need assistance to perform daily chores and live a quality life. Assistive robotics systems are designed to assist disabled people and older adults in their daily activities.
The assistive robotics systems have extinguished sensory and perception abilities that help them to provide fulfilling and independent living for disabled and geriatric populations. The assistive robots process the information received through sensors and act on the information with the help of intelligent algorithms to address the health inequities faced by the geriatric population and disabled individuals.
The cognitive abilities of rehabilitation robots, socially assistive robots, and healthcare assistive robots enable them to interact directly with humans to provide correct assistance to the users. Assistive robotics technologies have evolved through human-centered design methodologies with integrated embedded and micro-mechatronic systems.
Rehabilitation robots gather information about motor performance such as interaction force, position, and trajectory during movements. These aspects are helpful to recover the motor capabilities of an individual with complications such as spinal cord injuries and strokes through rehabilitation robotics technologies. The recent technological advancements in rehabilitation robotics technologies use brain imaging to improve neuro-motors functions and motor capabilities qualitatively. The assistive robots are programable and flexible to provide efficient and organized assistance and care to the users.
The emergence of wearable robots has provided reliable, safe, and intelligent assistance to humans by substituting or restoring lost or weak limbs. Wearable robots use technological advances such as machine learning, data fusion, actuation systems, robotic architectures, and multimodal wearable sensors. The use of robotics in healthcare plays a major role in providing timely support to patients and reducing healthcare costs by reducing hospitalizations.
The market report finds that the COVID-19 pandemic created potential growth opportunities for the assistive robotics market. During the pandemic period, the geriatric and disabled population were deprived of humanitarian assistance due to lockdown measures. This led to the rising acceptance of assistive robotics in society. Furthermore, assistive robotics helped in non-contact treatments and surgeries during the pandemic period, and the trend has continued since then.
Assistive Robotics Market Dynamics
Drivers
Rising acceptance of assistive robotics by the disabled and older population is anticipated to drive the market. Individuals suffering from spinal cord injuries and strokes prefer assistive robotics systems as it compensates for lost functions due to weak or displaced limbs. Assistive robotics offers assistance to the geriatric population with the help of sensing technology and machine-learning methods with improved operational efficiency, safety, and adaptability.
Restraints
Stringent regulations and subsequent compliance with the various certifications and standards set by policymakers are likely to hinder the market. Assistive robotics sector deals with the geriatric and disabled populations that are most susceptible to volatility in the environment. Policymakers ensure that assistive robotics systems provide services to users precisely and consistently. The assistive robotics systems pass through multiple quality checks for quality assurance.
Opportunities
Technological advancements in assistive robotics and market expansion in untapped economies are likely to create significant opportunities for the market. Technological advances such as intelligent actuation systems, data fusion, and machine learning technologies are improving robotic architectures to provide reliable, safe, and intelligent assistive robotic systems to users.
Scope of Assistive Robotics Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Assistive Robotics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Physically Assistive Robots, Socially Assistive Robots, and Mixed Assistive Robots), Application (Industrial, Elderly Assistance, Surgery Assistance, Companionship, Handicap Assistance, Defense, and Public Relationships), and Portability (Mobile and Stationary) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Medtronic; CYBERDYNE INC.; Honda Motor Co., Ltd.; KUKA AG; ReWalk Robotics; Intuitive Surgical; BIONIK; GaitTronics Inc.; Focal Meditech; Ekso Bionics; and Barret Medical |
Assistive Robotics Market Segment Insights
Based on type, the assistive robotics market is divided into physically assistive robots, socially assistive robots, and mixed assistive robots. The physically assistive robots segment is expected to expand at a significant growth rate during the projection period owing to the significant potential of assistive robotics systems to minimize the physical dependence of individuals on caretakers. The sensor technology and cognitive capabilities of the physically assistive robots scan the environment for autonomous navigation and process the accumulated data with the help of algorithms for efficient operations.
On the basis of application, the global market is segregated into industrial, elderly assistance, surgery assistance, companionship, handicap assistance, defense, and public relationships. The handicap assistance segment is projected to register a considerable CAGR during the forecast period due to the rising number of patients suffering from spinal cord injuries and stroke. The handicap assistance systems collect essential data to help the users with customized assistance.
In terms of portability, the assistive robotics market is bifurcated into mobile and stationary. The stationary segment is anticipated to register a considerable CAGR during the forecast period owing to the rising acceptance of stationary robots in healthcare applications. The stationary robots are widely used in medical surgeries and household applications due to enhanced cognitive and sensory capabilities.
In terms of region, the global assistive robotics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period owing to the rising geriatric population and higher acceptance of technology healthcare sectors for medical rehabilitation purposes. The rising number of people suffering from strokes and spinal cord injuries boosts the market in the region.
Segments
The assistive robotics market has been segmented on the basis of
Type
- Physically Assistive Robots
- Socially Assistive Robots
- Mixed Assistive Robots
Application
- Industrial
- Elderly Assistance
- Surgery Assistance
- Companionship
- Handicap Assistance
- Defense
- Public Relationships
Portability
- Mobile
- Stationary
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Medtronic
- CYBERDYNE INC.
- Honda Motor Co., Ltd.
- KUKA AG
- Intuitive Surgical
- ReWalk Robotics
- BIONIK
- GaitTronics Inc.
- Focal Meditech
- Ekso Bionics
- Barret Medical
Competitive Landscape
Key players competing in the global assistive robotics market are Medtronic; CYBERDYNE INC.; Honda Motor Co., Ltd.; KUKA AG; ReWalk Robotics; Intuitive Surgical; BIONIK; GaitTronics Inc.; Focal Meditech; Ekso Bionics; and Barret Medical
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. For instance,
- In December 2022, Ekso Bionics announced the acquisition of the Human Motion and Control Business Unit including Indego Product Line by Parker Hannifin Corporation. Parker’s adjustable and uniquely powered Indego exoskeletons are likely to help Ekso Bionics expand its product portfolio with differentiated offerings.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Assistive Robotics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Assistive Robotics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Assistive Robotics Market - Supply Chain
4.5. Global Assistive Robotics Market Forecast
4.5.1. Assistive Robotics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Assistive Robotics Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Assistive Robotics Market Absolute $ Opportunity
5. Global Assistive Robotics Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Assistive Robotics Market Size and Volume Forecast by Types
5.3.1. Physically Assistive Robots
5.3.2. Socially Assistive Robots
5.3.3. Mixed Assistive Robots
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Assistive Robotics Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Assistive Robotics Market Size and Volume Forecast by Applications
6.3.1. Industrial
6.3.2. Elderly Assistance
6.3.3. Surgery Assistance
6.3.4. Companionship
6.3.5. Handicap Assistance
6.3.6. Defense
6.3.7. Public Relationships
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Assistive Robotics Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Assistive Robotics Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Assistive Robotics Demand Share Forecast, 2019-2026
8. North America Assistive Robotics Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Assistive Robotics Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Assistive Robotics Market Size and Volume Forecast by Types
8.4.1. Physically Assistive Robots
8.4.2. Socially Assistive Robots
8.4.3. Mixed Assistive Robots
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Assistive Robotics Market Size and Volume Forecast by Applications
8.7.1. Industrial
8.7.2. Elderly Assistance
8.7.3. Surgery Assistance
8.7.4. Companionship
8.7.5. Handicap Assistance
8.7.6. Defense
8.7.7. Public Relationships
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Assistive Robotics Demand Share Forecast, 2019-2026
9. Latin America Assistive Robotics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Assistive Robotics Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Assistive Robotics Market Size and Volume Forecast by Types
9.4.1. Physically Assistive Robots
9.4.2. Socially Assistive Robots
9.4.3. Mixed Assistive Robots
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Assistive Robotics Market Size and Volume Forecast by Applications
9.7.1. Industrial
9.7.2. Elderly Assistance
9.7.3. Surgery Assistance
9.7.4. Companionship
9.7.5. Handicap Assistance
9.7.6. Defense
9.7.7. Public Relationships
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Assistive Robotics Demand Share Forecast, 2019-2026
10. Europe Assistive Robotics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Assistive Robotics Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Assistive Robotics Market Size and Volume Forecast by Types
10.4.1. Physically Assistive Robots
10.4.2. Socially Assistive Robots
10.4.3. Mixed Assistive Robots
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Assistive Robotics Market Size and Volume Forecast by Applications
10.7.1. Industrial
10.7.2. Elderly Assistance
10.7.3. Surgery Assistance
10.7.4. Companionship
10.7.5. Handicap Assistance
10.7.6. Defense
10.7.7. Public Relationships
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Assistive Robotics Demand Share Forecast, 2019-2026
11. Asia Pacific Assistive Robotics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Assistive Robotics Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Assistive Robotics Market Size and Volume Forecast by Types
11.4.1. Physically Assistive Robots
11.4.2. Socially Assistive Robots
11.4.3. Mixed Assistive Robots
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Assistive Robotics Market Size and Volume Forecast by Applications
11.7.1. Industrial
11.7.2. Elderly Assistance
11.7.3. Surgery Assistance
11.7.4. Companionship
11.7.5. Handicap Assistance
11.7.6. Defense
11.7.7. Public Relationships
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Assistive Robotics Demand Share Forecast, 2019-2026
12. Middle East & Africa Assistive Robotics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Assistive Robotics Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Assistive Robotics Market Size and Volume Forecast by Types
12.4.1. Physically Assistive Robots
12.4.2. Socially Assistive Robots
12.4.3. Mixed Assistive Robots
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Assistive Robotics Market Size and Volume Forecast by Applications
12.7.1. Industrial
12.7.2. Elderly Assistance
12.7.3. Surgery Assistance
12.7.4. Companionship
12.7.5. Handicap Assistance
12.7.6. Defense
12.7.7. Public Relationships
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Assistive Robotics Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Assistive Robotics Market: Market Share Analysis
13.2. Assistive Robotics Distributors and Customers
13.3. Assistive Robotics Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Medtronic
13.4.2. CYBERDYNE INC.
13.4.3. Honda Motor Co., Ltd.
13.4.4. KUKA AG
13.4.5. ReWalk Robotics
13.4.6. Intuitive Surgical
13.4.7. BIONIK
13.4.8. GaitTronics Inc.
13.4.9. Focal Meditech
13.4.10. Ekso Bionics
13.4.11. Barret Medical
Methodology
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