Handicap Assistance Robots Market by Product and Geography - Forecast and Analysis 2021-2025

The handicap assistance robots market has the potential to grow by USD 1.40 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 23.20%.

This handicap assistance robots market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (robotic parts and robotic wheelchairs) and geography (North America, Europe, APAC, MEA, and South America). The handicap assistance robots market report also offers information on several market vendors, including CYBERDYNE Inc., Focal Meditech, Intuitive Surgical Inc., Kinestica d.o.o., Kinova Inc., Medrobotics Corp., Ossur hf., Panasonic Corp., Rehab Robotics Co. Ltd., and ReWalk Robotics Ltd. among others.

What will the Handicap Assistance Robots Market Size be in 2021?

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Handicap Assistance Robots Market: Key Drivers and Trends

The increasing number of physically disabled people is notably driving the handicap assistance robots market growth, although factors such as low penetration of robotic wheelchairs in developing economies may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the handicap assistance robots industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This handicap assistance robots market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Handicap Assistance Robots Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• CYBERDYNE Inc.
• Focal Meditech
• Intuitive Surgical Inc.
• Kinestica d.o.o.
• Kinova Inc.
• Medrobotics Corp.
• Ossur hf.
• Panasonic Corp.
• Rehab Robotics Co. Ltd.
• ReWalk Robotics Ltd.

This statistical study of the handicap assistance robots market encompasses successful business strategies deployed by the key vendors. The handicap assistance robots market is fragmented and the vendors are deploying growth strategies such as partnerships, M&A, collaborations, and new product/technology development to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The handicap assistance robots market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Handicap Assistance Robots Market?

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35% of the market’s growth will originate from Europe during the forecast period. Germany, Sweden, and the UK are the key markets for handicap assistance robots in Europe. Market growth in this region will be faster than the growth of the market in the North American, MEA, and South American regions.

The rise in the aging population will facilitate the handicap assistance robots market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Handicap Assistance Robots Market?

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The handicap assistance robots market share growth by the robotic parts segment will be significant during the forecast period. Robotic parts, such as robotic arms and legs, are gaining popularity among people with disabilities and limb loss in the Americas and European countries. Vendors are constantly focusing on developing limb-like robotic parts that can work with minimal shocks generated from humans to activate the robotic parts. With these enhancements in technology, an increase in the adoption of such robotic parts is expected. The market for robotic parts is prevailing more in developed countries of North America and the EU due to high healthcare spending and reimbursement systems in these regions, encouraging patients to adopt robotic solutions frequently.

This report provides an accurate prediction of the contribution of all the segments to the growth of the handicap assistance robots market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Factors Covered in this Handicap Assistance Robots Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive handicap assistance robots market growth during the next five years
• Precise estimation of the handicap assistance robots market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the handicap assistance robots industry across North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of handicap assistance robots market vendors

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