About the Handicap Assistance Robots Market
Traditionally, conventional type of handicap assistance robots played a vital role in the rehabilitation of people with disability. With the evolution of robotics technology in the service domain, there have been multiple changes in the healthcare and hospitality sector, owing to increased need for convenience. Implementation of robotic technologies in the healthcare industry has enhanced the lifestyle of people in their daily activities.Vendors of the handicap assistance robots offer their products both through purchase and lease. The leasing option is gaining prominence across end-users, mainly due to the cost factor and the possibility of replacing the product in the wake of new product introduction in the market.
Technavio’s analysts forecast the Global Handicap Assistance Robots Market to grow at a CAGR of 32.12% by the number of units shipped, during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Handicap Assistance Robots Market for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of various types of handicap assistance robots to clinics, individuals, hospitals, and rehabilitation centers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Handicap Assistance Robots Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Handicap Assistance Robots Market: Cyberdyne, Focus Meditech, Kinova Robotics, ReWalk, and Touch Bionics.
Other Prominent Vendors in the market are: Aethon, Gecko Systems, Honda, Instead Technologies, InTouch Health, Intuitive Surgical, Kinestica, Kinetic Muscles, MediTouch, Medrobotics, Panasonic, Rehab-Robotics, Reha-Stim, Smart Rehab, SynTouch, TopChair, and YouRehab.
Commenting on the report, an analyst from Technavio’s team said: “A key trend that will boost market growth is the expansion of robotics technology. The risk associated with using robots is high, as these are machines that perform repetitive functions and are heavier in weight. However, with the development of technology and evolution of artificial intelligence, it has become possible to deploy these robots in the healthcare industry. The improvised sensors in manipulators of robots have enabled the wheelchairs to perform the function of a hand in handling materials. Advances in sensors and use of cameras and software have led to the development of intelligent wheelchairs, which are more accurate in identifying locations and objects.”
According to the report, a key growth driver is the rising number of people with disabilities. As per WHO, 15% of the world's population accounted for people with disabilities in 2014. The rising number of people with disability worldwide is resulting from the emergence of new diseases and other causes of impairment such as stress, alcohol and drug abuse, and AIDS. The handicap assistance robot is the fruitful solution to disabilities that provides artificial leg, arm, finger, and hand to individuals for ease of maneuverability.
Further, the report states that one challenge that could hamper market growth is the limited battery life of the handicap assistance robots. "
Cyberdyne, Focus Meditech, Kinova Robotics, ReWalk,Touch Bionics, Aethon, Gecko Systems, Honda, Instead Technologies, InTouch Health, Intuitive Surgical, Kinestica, Kinetic Muscles, MediTouch, Medrobotics, Panasonic, Rehab-Robotics, Reha-Stim, Smart Rehab, SynTouch, TopChair, YouRehab.