Global Therapeutic Robots Market, By Robot Type (Humanoid, Pets), Type Of Disorder (Autism, Dementia, Cerebral Palsy, Post-Traumatic Stress, Anxiety And Phobias) End-Use (Hospitals, Healthcare Centres, Rehabilitation Centres, Old-Age Homes) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Therapeutic Robots Market
Data Bridge Market Research analyses the therapeutic robots market will exhibit a CAGR of 22.10% for the forecast period of 2022-2029 and is likely to reach 283.3 million in 2029.
Therapeutic robots are a type of rehabilitation robots used as a recovery medical aid for people affected by varied mental and physical health disorders. These robots typically replace human-applied therapies with robotic based therapies.
The growing aging population across the globe is the major factor accelerating the growth of the therapeutic robots market. Furthermore, rise in instances of cerebral vascular accident (stroke) in the aged population, increases the demand for deployment of rehabilitation technologies such as therapeutic robotics to assist in the recovery process as well as to provide mental & physical support are also expected to drive the growth of the therapeutic robots market. However, the high cost of robots and high maintenance price restrains the therapeutic robots market, whereas, the lack of skilled professionals to manage these machines will challenge market growth.
In addition, robust increase in the number of rehabilitation centers coupled with the continuous evolution of robotic technology will create ample opportunities for the therapeutic robots market.
This therapeutic robots market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on therapeutic robots market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Therapeutic Robots Market Scope and Market Size
The therapeutic robots market is segmented on the basis of robot type, type of disorder and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Based on robot type, the therapeutic robots market is segmented into humanoid and pets.
- Based on type of disorder, the therapeutic robots market is segmented into autism, dementia, cerebral palsy, post-traumatic stress, anxiety and phobias.
- Based on end use, the therapeutic robots market is segmented into hospitals, healthcare centers, rehabilitation centers and old-age homes.
Therapeutic Robots Market Country Level Analysis
The therapeutic robots market is analysed and market size, volume information is provided by country, robot type, type of disorder and end use as referenced above.
The countries covered in the therapeutic robots market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the therapeutic robots market and will continue to flourish its trend of dominance during the forecast period due to the increasingly focusing on developing advanced emotional therapy robots to cure neurological disorders such as autism and dementia in this region. Asia-Pacific will, however, register the highest CAGR for this period owing to growing awareness about conditions such as Dementia, Alzheimer’s, and Cerebral Palsy, which has actively driven the demand for therapeutic robots in these regions.
The country section of the therapeutic robots market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Therapeutic Robots Market Share Analysis
The therapeutic robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Therapeutic robots market.
Some of the major players operating in the therapeutic robots market report are Intuitive Surgical, Stryker Corporation, Hocoma, Medtronic, CMR Surgical Ltd, Auris Health Inc., Accuray Incorporated, Omnicell Inc., ARxIUM, Ekso Bionics, Capsa Healthcare, TransEnterix Surgical, Inc., Stereotaxis Inc., ReWalk Robotics, Titan Medical Inc., Medtech SA, Aethon, Medrobotics Corporation, InTouch Technologies Inc., McKesson Corporation, Renishaw plc., and Varian Medical Systems, Inc among other
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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