Summary

The assistive robotics market is expected to grow at a strong CAGR of around 22% during the forecast period owing to the surging disposable income of the people around the world. The assistive robotics market is being driven by a variety of factors, including an aging population in many countries, an increasing prevalence of disabilities, and advancements in robotics technology. As the demand for personalized and efficient healthcare solutions rises, assistive robotics are being developed to improve the quality of life for individuals with disabilities or age-related mobility impairments. Additionally, the growing trend of home healthcare and a focus on independent living has led to the development of assistive robots that can help with daily tasks, such as cleaning and meal preparation. The increasing adoption of robotics in healthcare and the ongoing advancements and investments in artificial intelligence and machine learning are also contributing to the growth of the assistive robotics market.

Some of the major players operating in the market include Kinova inc; Ekso Bionics; CYBERDYNE INC; Focal Meditech; ReWalk Robotics; Hocoma; Fourier Intelligence; F&P Robotics AG; Hyundai Motor Company; SoftBank Robotics. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst mobility, the stationary segment held a dominating share of the market in 2021”
On the basis of mobility, the market is segmented into mobile and stationery. The stationary segment is expected to achieve the largest market share and is expected to maintain similar growth during the forecast period. The growth of the segment is mainly attributed to the growth of stationary surgical robots. Surgical robotics are becoming increasingly in demand due to their ability to provide surgeons with greater precision and control during surgical procedures. Robotic arms can be programmed to make extremely precise movements, which can reduce the risk of human error and improve patient outcomes.

“Amongst type, the physically assistive robots held the majority share of the market in 2021”
Based on type, the market is segmented into socially assistive robots, physically assistive robots, and mixed assistive robots. Physically assistive robots are being developed and used to assist older adults and individuals with disabilities or injuries. With an aging population and an increasing number of individuals living with disabilities, there is a growing need for robots that can help with activities of daily living, mobility, and rehabilitation. Additionally, physically assistive robots can provide benefits such as increased independence, reduced healthcare costs, and improved overall quality of life for individuals and their caregivers.

“Asia Pacific anticipated to grow at the highest CAGR during the forecast period i.e., 2022-2028”
The Asia Pacific region is expected to be the fastest-growing region of the assistive robotics market. The region's rapid growth is primarily driven by the increasing aging population, rising demand for independent living, and advancements in robotics technology. Countries like Japan, China, and South Korea are investing heavily in the development of assistive robotics to support their aging populations. Additionally, the region's fast-growing economies are driving demand for automation in various industries, including healthcare and manufacturing, which is further fueling the growth of the assistive robotics market. Furthermore, the increasing adoption of assistive technologies by individuals with disabilities is also contributing to the market's growth in the region. With these growth drivers in place, the Asia Pacific region is expected to continue its dominance in the global assistive robotics market in the coming years.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
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