The new report titled ‘Global Roboticare Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Roboticare market outlook over the forecast duration (2022-2030). Researchers have examined the global market holistically and emphasised the elements that affect the market's overall expansion. The study examines the strengths, weaknesses, opportunities, and threats related to the expansion of the various market sectors using effective analytical tools like SWOT analysis and Porter's Five Forces. The study includes vital information, like the market shares of the major players, that aids the reader in gaining a thorough understanding of the Roboticare market. The most recent research study serves as the ideal illustration of the thorough analysis of the international Roboticare market. The table of contents, a list of tables and figures, research methods, geographic segmentation, competitive environment, upcoming developments, and technological innovation are all included in this document. The globally-disrupting incidence has impacted nearly every aspect of this business domain. However, the latest study expounds on the present market scenario and forecasts the pandemic’s aftermath, with respect to this industry. Furthermore, the major aspects of the market have been discussed in the report, with expert opinions on the current status of the market.
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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Some of the key participants in this industry 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
The global Roboticare market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Roboticare market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Key regions covered in the report:
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This report is the latest document encompassing the massive changes that took place in the Roboticare market following the emergence. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Roboticare market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment.
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