Market Research Reports- Consulting Analysis Crystal Market Research Healthcare Assistive Robots Market by Product, Por | Page 2
Stroke application segment held the major share of the overall market in 2016, due to increasing
incidence of neurological disorders, rising geriatric population, and technological advancements in
rehabilitative robots. Orthopedics segment will witness a rapid growth during the forecast period due to
increased usage of assistive robots in physiotherapy and rising number of injuries related to traffic
accidents.
North America held the largest share in 2016 and is expected to dominate market for healthcare assistive
robots over the forecast period. This substantial market share can be attributed to favorable government
funding for research and development and rapid acceptance of technologically advanced robots for
healthcare industry. For instance, in 2015, the National Institute of Health announced a $2.2 million
funding for the development of three advanced co-robots, which assist the elderly and physically disabled
people to improve their mobility. Europe represented the second largest market for rehabilitative and
assistive robots in 2016 mainly due to the presence of advanced healthcare infrastructure in the region.
The competition in healthcare assistive robots market is intense with large number of players rapidly
innovating advanced robotic applications. For instance, in early 2017, Intuitive Surgical, a global
technology leader in minimally invasive robotic assisted surgery, received the CE mark for its latest da
Vinci X Surgical system in Europe. Some of the key players in healthcare assistive robots market are
Intuitive Surgical, Barrett Technology, ReWalk Robotics Ltd, Interactive Motion Technologies, Inc.,
KUKA Robot Group, HONDA Motor Co. Ltd., Kinova Robotics, Hansen Medical, Inc., Accuray
Incorporated, Hocoma, Omnicell, Inc., Cyberdyne, Inc. and Ekso Bionics Holdings, Inc.
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Key Findings of the Research Study:
Healthcare assistive robots market is primarily driven by rising geriatric population worldwide
and technological advancements in robotics for healthcare industry.
Rehabilitative robots market held the largest share of the global market in 2016 due to their
extensive applications in aiding therapist supervision.
Stroke application market held a significant market share followed by orthopedic applications in
2016 owing to rising incidence of neurological disorders and increased awareness about robotic
applications in physiotherapy.
U.S. healthcare assistive robots market held more than two-third share of the North American
market due to growing aging population and favorable government initiatives.
Germany healthcare assistive robots market held more than one-fourth share of the European
market in 2016. IT will witness favorable growth over the forecast period due to the presence of
large players in the region such as Kuka Robotics.