Handicap Assistance Robots Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Trends, Drivers and Vendor Forecasts for 2021-2025

Accelerating at a CAGR of over 23%, the handicap assistance robots market is expected to grow by post an incremental growth of $ 1.40 bn over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.


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Handicap Assistance Robots Market: Market Segments and Key Trends

The research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The market is segmented by Product (robotic parts and robotic wheelchairs) and Geography (North America, Europe, APAC, MEA, and South America). 35% of the market growth will originate from Europe during the forecast period. However, low penetration of robotic wheelchairs in developing economies is one of the challenges that will need to be overcome to drive further growth.

Handicap Assistance Robots Market: What are the Growth Drivers?

One of the primary factors that will drive market growth is the increasing number of physically disabled people. The handicap assistance robots market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.

Global Handicap Assistance Robots Market  | Trends, Drivers and Vendor Forecasts for 2021-2025

Vendor Analysis: CYBERDYNE Inc., Focal Meditech and Intuitive Surgical Inc. are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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. are some of the major market participants.

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Handicap Assistance Robots Market: Key Highlights of the Report for 2021-2025

  • 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 market 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

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of over 23%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 1.40 billion through 2021-2025.

     
  3. What is a key factor driving this market?
    Increase in number of physically disabled people will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, MEA, and South America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    35% growth will originate from Europe

     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (robotic parts and robotic wheelchairs) and Geography (North America, Europe, APAC, MEA, and South America)

Handicap Assistance Robots: Discover Key Drivers that will Boost Growth

Synopsis of Growth Drivers with Market Forecast 2021-2025

Technavio’s Handicap Assistance Robots Market is set to grow by $ 1.40 billion, and the market will progressing at a CAGR of 23.20% till 2025. This research report identifies and analyses the growth drivers that will boost market growth. It also provides a thorough understanding of all the segments, trends and challenges that are likely to have an impact on the future prospects fo the market in focus.


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Handicap Assistance Robots Market: Top Drivers for Growth

One of the key factors that will drive growth is increasing number of physically disabled people. This could be the result of various factors such as injuries as well as the growing global aging population. This research report provides a comprehensive analysis of this and all the other factors that will boost growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. Our analysis is designed to empower clients with actionable insights that will help them leverage growth opportunities and formulate winning strategies to drive their business further.

Global Handicap Assistance Robots Market  | Trends, Drivers and Vendor Forecasts for 2021-2025

Handicap Assistance Robots Market: Growth Segments

This report provides a detailed analysis of the market by Product (robotic parts and robotic wheelchairs) and Geography (North America, Europe, APAC, MEA, and South America). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Request our Free Sample Report 

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report

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