Assistive Robotics Market Growth, Trends and Forecast by 2031

MARKET INTRODUCTION

The assistive robotics are specially designed, keeping in mind the social and physical needs of the user. These are widely used across healthcare facilities in surgery assistance or elderly assistance. Besides, these robots are rapidly penetrating other industries and are being utilized by various manufacturing companies owing to the numerous advantages they offer. The assistive robotics market is quickly emerging and is expected to expand its scope in the coming years.

MARKET DYNAMICS

The assistive robotics market is anticipated to grow in the forecast period owing to driving factors such as a rise in the incidence of strokes and spinal cord injuries and rising insurance coverage for medical exoskeletons and robotic surgeries. However, certifications and standards may hamper the growth of the assistive robotics market during the forecast period. Nevertheless, the increase in funding for research on assistive robotics is likely to fuel the market growth with opportunities in the coming years.

MARKET SCOPE

The "Global Assistive Robotics Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of assistive robotics market with detailed market segmentation by mobility, type, application, and geography. The global assistive robotics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading assistive robotics market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global assistive robotics market is segmented on the basis of mobility, type, and application. The market on the basis of the mobility is classified as mobile and stationary. Based on type, the market is segmented as socially assistive robots, physically assistive robots, and mixed assistive robots. On the basis of the application the market is segmented as elderly assistance, surgery assistance, handicap assistance, defense, industrial, companionship, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global assistive robotics market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The assistive robotics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting assistive robotics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the assistive robotics market in these regions.

MARKET PLAYERS

The reports cover key developments in the assistive robotics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from assistive robotics market are anticipated to lucrative growth opportunities in the future with the rising demand for assistive robotics in the global market. Below mentioned is the list of few companies engaged in the assistive robotics market.

The report also includes the profiles of key assistive robotics companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

•  Barrett Technology
•  Cyberdyne, Inc.
•  Ekso Bionics Europe GmbH
•  Focal Meditech
•  Hyundai Motor Europe GmbH
•  Intuitive Surgical, Inc.
•  Kinova Inc.
•  ReWalk Robotics
•  SoftBank Robotics
•  UBTECH Robotics

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Assistive Robotics Report Scope