Global Assistive Robotics Market Size is estimated to expand rapidly in coming years, at a CAGR of 22.6 % from 2018 to 2025. In 2017, the global market valuation was USD 4.25 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. One of the main variables contributing to the development of the assistive technology industry is the growing incidence of accidents and backbone wounds. Another driving factor in market growth is the increased insurance cover for medical exoskeletons and robotic operations. Geographically, the APAC region is expected to be the highest growing region in the global market of assistive robots.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global assistive robotics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global assistive robotics market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Mobility Insights: On the basis of mobility, global assistive robotics market has been segmented into stationary, and mobile. Stationary robots are expected to be the main contributor to the industry in assistive robotics in 2018 and will dominate the industry during the prediction era. Stationary robotic assistive systems are fixed in one position. These robotics are used in homes and in medical apps and execute their functions at a set place. The categories of stationary robots include surgical robots, robotic handlers, dynamic arm supports and metal supports. The increased worldwide requirement for surgical robotics is anticipated to fuel the manufacturing industry for fixed assistive devices.

By Application Insights: On the basis of application, global assistive robotics market has been segmented into elderly assistance, companionship, handicap assistance, surgery assistance, industrial, defense, public relations. During the forecast period, the demand for the handicap assistance application will increase in the largest CAGR. The disabled are helped by assistive robotic systems. The application of these robotic systems for helping with disabilities will probably increase at an increase in the number of people suffering from stroking and spinal cord injuries worldwide. The adoption of exoskeletons by individuals with disabilities for both private and rehabilitation reasons has also increased. This is anticipated to further propel the industry during the prediction era for the disability aid implementation.

Regional Analysis

The assistive robotics market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.

At the largest CAGR in 2018–2025, APAC's demand for assistive robotics is anticipated to expand. The APAC market is expected to be driven by the lack of trained care workers and the growing geriatric population. With the number of elderly people increasing at an unprecedented rate and the lack of caretakers, there will be a significant increase in the market for assistance robots in this area over the next few years. Japan is forecast to have the biggest market share in the assistive robotics market during 2018-2025, and China's market is expected to increase during the forecast period at the highest CAGR. North America is the biggest robot assistance industry, with the fastest aging population and extremely small levels of immigration and death. There are also several local competitors engaged in the production of assistive machines. Also, Europe started warming up to the eldercare robot industry gently but certainly.

Global Assistive Robotics Market Size, Share Analysis by Region 2017

Global Assistive Robotics Market Study Objective

1. To forecast the market size of assistive robotics market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of assistive robotics market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of assistive robotics market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of assistive robotics market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the assistive robotics market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Kinova Robotics, Focal Meditech, Cyberdyne, Intuitive Surgical, ReWalk Robotics, SoftBank Robotics, Ekso Bionics, Ubtech Robotics, Barrett Technology, Hyundai, Stryker, Hocoma, Blue Frog Robotics, DreamFace Technologies, Double Robotics, Fourier Intelligence, CT Asia Robotics, F&P Robotics, Axosuits, Japet Medical Devices are some of the key players in the market of assistive robotics.

Global Assistive Robotics Market Study Report Offer You!

The global assistive robotics market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.