Healthcare Assistive Robot Market 2023 Driving Factors Forecast Research 2029

Global healthcare assistive robot market is anticipated to grow at a considerable CAGR of 16.4% during the forecast period. Assistive robots have come to play a crucial role in healthcare facilities. With the advancement in technology, the use of assistive robots has increased dramatically. Assistive robots have increasingly been used to assist various applications performed previously by doctors, nurses, and other staff of hospitals. One of the primary drivers of healthcare assistive robots is the growing integration of cobots into healthcare industries. Cobot also termed collaborative robot refers to robots that can operate along with human beings collaboratively in the same work environment.

Robotic surgeries have added immensely to the working precision and working efficiency of various healthcare facilities thereby driving the rise of cobots in healthcare facilities. As more and more players join the growing trends of assistive robots the market growth looks promising. For instance, In February 2021, ABB Ltd. expanded its portfolio with the addition of GOFA and SWIFTI cobots. The addition of new cobots to its portfolio will accelerate the company’s expansion to growing segments including healthcare. ABB’s cobot portfolio helps in accelerating the automation of key areas such as individualized consumers, labor shortages, digitalization, and uncertainty.

Assistive robots have been used widely across healthcare facilities ranging from research and development to the manufacturing of drugs and related processes. In the manufacturing process, robots are mainly deployed to perform repetitive work that requires more precision and accuracy. Most robots deployed in manufacturing are assigned to perform tasks such as filling assembly and packaging process. For instance, FANUC robots which happen to be industrial robots were used by Farason Corp., a system integrator company in a medical syringe assembly system. Earlier robots were hardly used for drug development and testing functions but with advancements in robotic technology things have turned around. For instance, in January 2023, Insilico Medicine, a drug Discovery Company launched ‘Life Star’ a 6th-generation Intelligent Robotics Drug Discovery Laboratory. The laboratory is driven by robotic technology to perform various tasks such as target discovery, compound screening, precision medicine development, and translational research.

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Market Coverage

  • The market number available for – 2022-2030
  • Base year- 2022
  • Forecast period- 2023-2030

Segment Covered- 

  • By Applications
  • By Portability

Regions Covered-

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
  • Competitive Landscape- Auris Health, Inc., Barrett Technology, LLC, Cyberdyne, Inc., Diligent Robotics, Inc., Ekso Bionics Holdings, Inc., and others.

Healthcare Assistive Robot Market Report Segment

By Applications

  • Orthopedics
  • Cognitive & Motor Skills
  • Strokes
  • Sports

By Portability

  • Fixed Base
  • Mobile

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Healthcare Assistive Robot Market Report Segment by Region

North America          

  • United States
  • Canada

Europe

  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific   

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Rest of the World

  • Middle East & Africa
  • Latin America

Company Profiles

  • Auris Health, Inc.
  • Barrett Technology, LLC
  • Cyberdyne, Inc.
  • Diligent Robotics, Inc.
  • Ekso Bionics Holdings, Inc.
  • Focal Meditech (A division of KoninklijkeMetaalunie)
  • GaitTronics Inc.
  • Hocoma AG (A Division of the DIH Medical group)
  • HONDA Motor Co. Ltd.
  • Hyundai Motor Company
  • Kinova, Inc.
  • KUKA AG

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