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Global Healthcare Assistive Robot Market to reach USD 28.36 billion by the end of 2029

Global Healthcare Assistive Robot Market Size study & Forecast, by Type (Care Robot, Surgical Assistive Robot), by Portability (Fixed Base, Mobile), by End-User (Hospitals and Clinics, Rehabilitation Centers, Others) and Regional Analysis, 2022-2029

Product Code: HLSHIT-74075759
Publish Date: 10-04-2023
Page: 200

Global Healthcare Assistive Robot Market is valued at approximately USD 8.3 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 16.6 % over the forecast period 2022-2029. Healthcare assistive robots are deployed in operating rooms and other clinical settings to aid medical practitioners and enhance patient care. Also, these robots are gaining high traction in a wide range of applications because of their quicker processes and lower risk. These robots autonomously clean and prepare patient rooms, along with reducing face-to-face interaction in infectious illness wards. The thriving growth in medical tourism in developing economies, the rising prevalence of strokes and spinal cord injuries, coupled with the increase in the adoption of assistive robots in rehabilitation therapies are the key factors that are contributing to market growth across the globe.

In addition, the escalating geriatric population is further exhibiting a positive influence on the market growth as these robots help in faster processes, risk reduction, and improved patient care. For instance, the World Health Organization (WHO) reported that the number of aging people is increasing from 1 billion in 2020 to 1.5 billion in 2030 around the world. Thus, these aforementioned factors are burgeoning the market demand during the estimated years. Moreover, the rising emphasis on introducing innovative products, as well as the growing investment in R&D activities are presenting various lucrative opportunities over the forecasting years. However, the lack of social awareness regarding the benefits of adopting assistive robotic systems and some risks of injuries and accidents associated are hampering the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Healthcare Assistive Robot Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the growing awareness regarding innovative and advanced use of robotics, along with the increase in investment in healthcare. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing incidence of bone injuries, growth in the purchasing power of populated countries, and the presence of the medical devices industry in the market space.

Major market players included in this report are:
Cyberdyne, Inc.
Hocoma AG
HONDA Motor Co. Ltd.
ReWalk Robotics Ltd.
KUKA AG Medtronic plc
Intuitive Surgical, Inc.
GaitTronics Inc.
Bionik Laboratories
Focal Meditech Barrett Technology, LLC
Ekso Bionics Holdings, Inc.

Recent Developments in the Market:
 In December 2022, Ekso Bionics announced acquisition of the Human Motion and Control Business unit that comprises Indego product line from Parker Hannifin Corporation.

Global Healthcare Assistive Robot Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Portability, End-User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Care Robot
Surgical Assistive Robot

By Portability:
Fixed Base

By End-User:
Hospitals and Clinics
Rehabilitation Centers

By Region:
North America

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Healthcare Assistive Robot Market, by Region, 2019-2029 (USD Billion)
1.2.2. Healthcare Assistive Robot Market, by Type, 2019-2029 (USD Billion)
1.2.3. Healthcare Assistive Robot Market, by Portability, 2019-2029 (USD Billion)
1.2.4. Healthcare Assistive Robot Market, by End-User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Healthcare Assistive Robot Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Healthcare Assistive Robot Market Dynamics
3.1. Healthcare Assistive Robot Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Escalating geriatric population Increase in adoption of assistive robots in rehabilitation therapies
3.1.2. Market Challenges Lack of social awareness regarding the benefits of adopting assistive robotic systems Risks of injuries and accidents are associated
3.1.3. Market Opportunities Rising emphasis on introducing innovative products Growing investment in the R&D activities
Chapter 4. Global Healthcare Assistive Robot Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Healthcare Assistive Robot Market, by Type
6.1. Market Snapshot
6.2. Global Healthcare Assistive Robot Market by Type, Performance – Potential Analysis
6.3. Global Healthcare Assistive Robot Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Healthcare Assistive Robot Market, Sub Segment Analysis
6.4.1. Care Robot
6.4.2. Surgical Assistive Robot
Chapter 7. Global Healthcare Assistive Robot Market, by Portability
7.1. Market Snapshot
7.2. Global Healthcare Assistive Robot Market by Portability, Performance – Potential Analysis
7.3. Global Healthcare Assistive Robot Market Estimates & Forecasts by Portability 2019-2029 (USD Billion)
7.4. Healthcare Assistive Robot Market, Sub Segment Analysis
7.4.1. Fixed Base
7.4.2. Mobile
Chapter 8. Global Healthcare Assistive Robot Market, by End-User
8.1. Market Snapshot
8.2. Global Healthcare Assistive Robot Market by End-User, Performance – Potential Analysis
8.3. Global Healthcare Assistive Robot Market Estimates & Forecasts by End-User 2019-2029 (USD Billion)
8.4. Healthcare Assistive Robot Market, Sub Segment Analysis
8.4.1. Hospitals and Clinics
8.4.2. Rehabilitation Centers
8.4.3. Others
Chapter 9. Global Healthcare Assistive Robot Market, Regional Analysis
9.1. Healthcare Assistive Robot Market, Regional Market Snapshot
9.2. North America Healthcare Assistive Robot Market
9.2.1. U.S. Healthcare Assistive Robot Market Type breakdown estimates & forecasts, 2019-2029 Portability breakdown estimates & forecasts, 2019-2029 End-User breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Healthcare Assistive Robot Market
9.3. Europe Healthcare Assistive Robot Market Snapshot
9.3.1. U.K. Healthcare Assistive Robot Market
9.3.2. Germany Healthcare Assistive Robot Market
9.3.3. France Healthcare Assistive Robot Market
9.3.4. Spain Healthcare Assistive Robot Market
9.3.5. Italy Healthcare Assistive Robot Market
9.3.6. Rest of Europe Healthcare Assistive Robot Market
9.4. Asia-Pacific Healthcare Assistive Robot Market Snapshot
9.4.1. China Healthcare Assistive Robot Market
9.4.2. India Healthcare Assistive Robot Market
9.4.3. Japan Healthcare Assistive Robot Market
9.4.4. Australia Healthcare Assistive Robot Market
9.4.5. South Korea Healthcare Assistive Robot Market
9.4.6. Rest of Asia Pacific Healthcare Assistive Robot Market
9.5. Latin America Healthcare Assistive Robot Market Snapshot
9.5.1. Brazil Healthcare Assistive Robot Market
9.5.2. Mexico Healthcare Assistive Robot Market
9.5.3. Rest of Latin America Healthcare Assistive Robot Market
9.6. Rest of The World Healthcare Assistive Robot Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Cyberdyne, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Hocoma AG
10.2.3. HONDA Motor Co. Ltd.
10.2.4. ReWalk Robotics Ltd.
10.2.5. KUKA AG Medtronic plc
10.2.6. Intuitive Surgical, Inc.
10.2.7. GaitTronics Inc.
10.2.8. Bionik Laboratories
10.2.9. Focal Meditech Barrett Technology, LLC
10.2.10. Ekso Bionics Holdings, Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
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