December 6, 2021

USD 1.4 Bn growth in Handicap Assistance Robots Market | Featuring CYBERDYNE Inc., Focal Meditech, and Intuitive Surgical Inc. among other key players | Technavio

NEW YORK, Nov. 2, 2021 /PRNewswire/ — The handicap assistance robots market size is expected to increase by USD 1.40…

NEW YORK, Nov. 2, 2021 /PRNewswire/ — The handicap assistance robots market size is expected to increase by USD 1.40 billion from 2020 to 2025, registering a CAGR of over 23%, according to the latest research report from Technavio.

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The handicap assistance robots market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market.

The handicap assistance robots market covers the following areas:

Handicap Assistance Robots Market Sizing

Handicap Assistance Robots Market Forecast

Handicap Assistance Robots Market Analysis

Technavio analyzes the market by Product (robotic parts and robotic wheelchairs) and Geography (North America, Europe, APAC, MEA, and South America). The aging population in developed countries is expected to have a positive impact on the growth of the handicap assistance robots market during the forecast period. Also, the increasing number of physically disabled people is expected to fuel the growth of the market.

Every year, more than 15 million people experience brain stroke globally. Stroke is the second highest cause of disability after dementia and is the fifth major cause of death for people aged between 15 and 19 years. This represents increased dependence of people on wheelchairs. However, with manual wheelchairs, patients require others’ assistance for regular movements. This can be overcome by assistive robots controlled with joysticks and make patients self-dependent. Some of the robotic wheelchairs are flexible to be converted into a bed and can be controlled using a smartphone app or Wi-Fi. Such benefits are increasing the popularity of handicap assistance robots, which is driving the market growth.

This report presents a detailed picture of the handicap assistance robots market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Companies Mentioned

  • CYBERDYNE Inc.
  • Focal Meditech
  • Intuitive Surgical Inc.
  • Kinestica d.o.o.
  • Kinova Inc.
  • Medrobotics Corp.
  • Ossur hf.
  • Panasonic Corp.
  • Rehab Robotics Co. Ltd.
  • ReWalk Robotics Ltd.

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Handicap Assistance Robots Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of over 23%

Market growth 2021-2025

USD 1.40 billion

Market structure

Fragmented

YoY growth (%)

16.45

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

Europe at 35%

Key consumer countries

US, Germany, Sweden, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

CYBERDYNE Inc., Focal Meditech, Intuitive Surgical Inc., Kinestica d.o.o., Kinova Inc., Medrobotics Corp., Ossur hf., Panasonic Corp., Rehab Robotics Co. Ltd., and ReWalk Robotics Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research

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Email: media@technavio.com

Website: www.technavio.com/

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SOURCE Technavio