Healthcare Assistive Robot Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theHealthcare Assistive Robot Market?
The upsurge in orthopedic disorders is anticipated to fuel the expansion of the healthcare assistive robot market. Orthopedic disorders encompass a wide range of conditions impacting the musculoskeletal system, which encompasses bones, joints, ligaments, tendons, muscles, and nerves. Healthcare assistive robots have the potential to enhance patient care and recovery as they support mobility and rehabilitation and conduct intricate surgical operations. The Institute for Health Metrics and Evaluation (IHME), a research institution based in the U.S., projected that near to 1 billion people are expected to suffer from osteoarthritis in August 2023, with knee cases set to rise by 75% and hand cases by 50% by 2050. Consequently, the surge in orthopedic disorders is spurring the expansion of the healthcare assistive robot market.
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#What Growth Opportunities Will Drive the Healthcare Assistive Robot Market’s CAGR Through 2034?
In recent times, there has been a significant expansion in the size of the healthcare assistive robot market. The market will experience a surge from $1.32 billion in 2024 to $1.59 billion by 2025, with a Compound Annual Growth Rate (CAGR) of 20.6%. Factors responsible for this growth during the historic period encompass an aging population, a rise in the occurrence of chronic diseases, regulatory backing and financing, increased disposable income, a surge in sports-related injuries, and an upturn in medical tourism in emerging economies.
The market size for healthcare assistive robots is predicted to experience a significant surge in the upcoming years, with its value set to reach $3.31 billion in 2029, thanks to a compound annual growth rate (CAGR) of 20.2%. Factors contributing to the growth during the forecast period include the labor deficit in the healthcare sector, escalating healthcare expenses, an enhanced focus on patient care, growing recognition of assistive requirements, and the broadening of telemedicine. Future trends during this period are anticipated to include technological progress, developments in mobility solutions, the incorporation of artificial intelligence and machine learning, advancements in human-robot interaction, and innovative strides in wearable technologies.
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What Are the Current Market Growth and Trends in theHealthcare Assistive Robot Market That Industry Players Should Watch?
In an attempt to enhance their market gains, leading companies in the healthcare assistive robot sector are advancing their technological capabilities, such as introducing gait therapy software. This type of software embodies a series of tailored programs that instruct robots on how to aid patients with walking exercises to enhance their mobility and rehabilitation results. An example of this occurred in January 2024, when US-based exoskeleton robotic manufacturer Ekso Bionics Holdings Inc. introduced their GaitCoach Software for EksoNR, an exoskeletal assistance-focused clinical rehabilitation wearable robot. This marked an evolution in gait therapy, allowing therapy sessions to be personalized to each patient’s needs, offering instantaneous and dynamic feedback, and providing precise instruction comparable to another clinical observer. This groundbreaking software, succeeding SmartAssist, boosts the incorporation of robotics into rehab therapy. This is confirmed by 96% of experienced EksoNR users acknowledging its user-friendly nature and 93% praising its direction for easing usage.
What Are the Major Market Players Making an Impact on theHealthcare Assistive Robot Market Growth?
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.
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How Are the Key Segments of the Healthcare Assistive Robot Market Driving Opportunities and Innovations?
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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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theHealthcare Assistive Robot Market?# Market Expansion?
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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