Roboticare Market Future Overview 2030

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, according to latest analysis by Emergen Research. 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.

Market Scope:

One of the report’s central components is the broad Roboticare Market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.

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.

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.

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

The report addresses the following key points:

The report estimates the expected market size from 2022-2030

The report provides a forecast of market drivers, restraints, and future opportunities for the Roboticare market

The report further analyses the changing market dynamics

Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth

Extensive competitive landscape mapping with profiles of the key competitors

In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies

Revenue forecast, country scope, application insights, and product insights

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About Us:

At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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