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How has the Healthcare Assistive Robot market size evolved in recent years?

Recent years have seen an incredible expansion in the market for healthcare assistive robots. The market, currently valued at $1.32 billion in 2024, is forecasted to reach $1.59 billion in 2025, giving it a compound annual growth rate (CAGR) of 20.6%. The sharp rise experienced in the historical period can be credited to several factors such as the rise in elderly population, a surge in chronic diseases, regulatory support and funding, a growth in disposable income, an upswing in injuries related to sports, and an increase in medical tourism in emerging economies.

What are the predictions for the healthcare business process outsourcing (bpo) market size in the coming years?

The market size for healthcare assistive robots is predicted to see robust expansion in the coming years, escalating to $3.31 billion by 2029 at a CAGR of 20.2%. Factors contributing to this growth during the predicted period include the scarcity of labor in healthcare sectors, rising medical costs, a heightened emphasis on patient care, growing recognition of support requirements, and the broadening reach of telemedicine. Noteworthy trends for this period incorporate technological progression, advancements in mobility solutions, the integration of artificial intelligence and machine learning, developments in human-robot interaction, as well as innovation in wearable technologies.

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What key factors are fueling the growth of the healthcare assistive robot market?

The rise in orthopedic disorders is anticipated to boost the advancement of the healthcare assistive robot market. These disorders encompass a wide range of conditions impacting the musculoskeletal system, including bones, joints, ligaments, tendons, muscles, and nerves. Healthcare assistive robots aid in orthopedic disorders by facilitating mobility, rehabilitation, and executing precise surgical operations, consequently improving patient care and recovery. The Institute for Health Metrics and Evaluation (IHME), a research institution based in the US, suggested in August 2023 that around 1 billion people will suffer from osteoarthritis by 2050, with knee cases surging by 75% and hand cases by 50%. Hence, the escalating cases of orthopedic disorders are fueling the development of the healthcare assistive robot market.

How is the global healthcare assistive robot market divided into key segments?

The healthcare assistive robot market covered in this report is segmented –

1) By Type: Care Robot, Surgical Assistive Robot

2) By Portability: Fixed Base, Mobile

3) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End Users

Subsegments:

1) By Care Robot: Companion Robots, Rehabilitation Robots, Mobility Assistance Robots, Telepresence Robots, Hygiene And Sanitation Robots

2) By Surgical Assistive Robot: Robotic Surgical Systems, Robotic Endoscopic Systems, Robotic Orthopedic Systems, Robotic Assistance For Minimally Invasive Surgeries

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Who are the key firms paving the way for growth in the healthcare assistive robot market?

Major companies operating in the healthcare assistive robot market are HONDA Motor Co. Ltd., Johnson & Johnson, Medtronic PLC, ABB Ltd., Stryker Corporation, TE Connectivity Ltd., Zimmer Biomet Holdings Inc., Fanuc Corporation, Intuitive Surgical Inc., KUKA AG, OmniCell Inc., Globus Medical Inc., SoftBank Robotics Group Corp., Kinova Inc., CMR Surgical Ltd., Diligent Robotics Inc., Cyberdyne Inc., Ekso Bionics Holdings Inc., AlterG Inc., Titan Medical Inc., ReWalk Robotics Ltd., Focal Meditech BV, Barrett Technology, Rex Bionics Ltd., Bionik Laboratories Corp.

Which trends are expected to transform the healthcare assistive robot market?

Leading businesses in the healthcare assistive robot industry are pioneering new technologies like gait therapy software to boost their market profits. This type of software comprises specialized programs that instruct robots on how to assist patients with walking exercises, with the objective of enhancing mobility and rehabilitation outcomes. For instance, Ekso Bionics Holdings Inc., an American manufacturing firm specializing in robotic exoskeletons, introduced the GaitCoach Software for EksoNR in January 2024. This clinical rehabilitation wearable robot was designed specifically for exoskeletal support. The innovative software, which replaced the previously used SmartAssist, has transformed gait therapy with its ability to customize sessions according to each patient’s needs, give instantaneous, dynamic feedback, and offer precise guidance similar to an extra clinical observer. This has further streamlined the incorporation of robotics in rehabilitation, as reflected by the fact that 96% of seasoned EksoNR users found it highly user-friendly, and 93% appreciated its instructive nature for making usage easier.

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What regions are contributing significantly to the growth of the healthcare assistive robot market?

North America was the largest region in the healthcare assistive robot market in 2024. The regions covered in the healthcare assistive robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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