The global roboticare market size reached USD 482.6 Million in 2021 and is expected to register a revenue CAGR of 18.1% during the forecast period. Rising usage of automated rehabilitation systems and decreasing prices of sensors are expected to support market revenue growth between 2022 and 2030.
Adoption of rehabilitation and hospital robots is rapidly growing with increasing penetration into medical environment. Rehabilitation robots are autonomously operated machines developed to improve movement in a patient with lower physical functionality. Some of the factors that boost usage of rehabilitation systems include advancements in robotic technology, increasing aging population, and growing awareness about rehabilitation robots. In addition, decreasing price of sensors led to use it more in robotics technology which is expected to drive roboticare market revenue growth during the forecast period.
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However, mechanical nature of care robots makes it difficult to put down any obligation in case of malfunctioning or any other unfavorable effect associated with their utilization. It might become highly complicated to attribute civil liability to a damaging occurrence caused by a robot. Such uncertainty might lead to a lack of accountability and create a serious concern for affected patient. Any harmful occurrence caused by a wrong decision executed by robot might become a serious concern. Attribution of liability issues could be a restraining factor that inhibits revenue growth of the roboticare market.
The Global Roboticare Market Report, published by Emergen Research, offers an industry-wide assessment of the Roboticare Market, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2022-2030.
Key players in the Roboticare market include
Sony Corporation,
ReWalk Robotics Ltd.,
Bionik Laboratories Corporation,
Cyberdyne Inc.,
Ekso Bionics Holdings Inc.,
Rex Bionics Ltd.,
Intuition Robotics,
Hanson Robotics Limited,
Hocoma AG,
Samsung Electronics Co., Ltd.,
Myomo, Inc., and
ASUSTek Computer Inc.
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Report Highlights:
The report conducts a comparative assessment of the leading market players participating in the global Roboticare market.
The report marks the notable developments that have recently taken place in the Roboticare industry
It details on the strategic initiatives undertaken by the market competitors for business expansion.
It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Roboticare market value chain.
The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.
Emergen Research has segmented global roboticare market on the basis of technology type, application, end-use, and region:
Technology Type (Revenue, USD Million; 2019–2030)
Autonomous Technology
Semi-Autonomous Technology
Application Outlook (Revenue, USD Million; 2019–2030)
Rehabilitation Robots
Emotional Support Robots
Robotic Nurses
End-Use Outlook (Revenue, USD Million; 2019–2030)
Hospitals
Rehabilitation Centers
Homecare
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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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