Global Assistive Robotics Market Growth 2023-2029

Global Assistive Robotics Market Growth 2023-2029

The assistive robotics market size is expected to grow from USD 4.1 billion in 2019 to USD 11.2 billion by 2024, at a CAGR of 22.3% during the forecast period. The increasing incidences of strokes and spinal cord injuries are one of the key factors driving the growth of assistive robotics market. The rising insurance coverage for medical exoskeletons and robotic surgeries is another factor driving market growth.

LPI (LP Information)' newest research report, the “Assistive Robotics Industry Forecast” looks at past sales and reviews total world Assistive Robotics sales in 2022, providing a comprehensive analysis by region and market sector of projected Assistive Robotics sales for 2023 through 2029. With Assistive Robotics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Assistive Robotics industry.

This Insight Report provides a comprehensive analysis of the global Assistive Robotics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Assistive Robotics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Assistive Robotics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Assistive Robotics and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Assistive Robotics.

The global Assistive Robotics market size is projected to grow from US$ 3460.6 million in 2022 to US$ 8177.3 million in 2029; it is expected to grow at a CAGR of 8177.3 from 2023 to 2029.

United States market for Assistive Robotics is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Assistive Robotics is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Assistive Robotics is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Assistive Robotics players cover Kinova Robotics (Canada), Focal Meditech (Netherlands), Cyberdyne (Japan), ReWalk Robotics (Israel), SoftBank Robotics (Japan), Ekso Bionics (US), Ubtech Robotics (China), Barrett Technology (US) and Hyundai (South Korea), etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Assistive Robotics market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Physically Assistive Robots
Socially Assistive Robots
Mixed Assistive Robots

Segmentation by application
Elderly Assistance
Companionship
Handicap Assistance
Surgery Assistance
Industrial
Defense
Public Relations
Others (Construction; Space; Agriculture; Education; and Sports and Fitness)

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Kinova Robotics (Canada)
Focal Meditech (Netherlands)
Cyberdyne (Japan)
ReWalk Robotics (Israel)
SoftBank Robotics (Japan)
Ekso Bionics (US)
Ubtech Robotics (China)
Barrett Technology (US)
Hyundai (South Korea)
Stryker (US)
Hocoma (Switzerland)
Blue Frog Robotics (France)
DreamFace Technologies (US)
Double Robotics (US)
Fourier Intelligence (China)
CT Asia Robotics (Thailand)
F&P Robotics (Switzerland)
Axosuits (Romania)
Japet Medical Devices (France)
Hanson Robotics (Hong Kong)
Motorika (US)
Rex Bionics (New Zealand)
Intuitive Surgical (US)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Assistive Robotics market?

What factors are driving Assistive Robotics market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Assistive Robotics market opportunities vary by end market size?

How does Assistive Robotics break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.