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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