Growing Demand for Assistive Technologies to Drive Growth of Global Handicap Assistive Robots Market

Handicap Assistive Robots Market is expected to experience rapid growth over the forecast period from 2018 to 2026 according to a new report by XYZ Research. Key factors such as the rising adoption of advanced prosthetics and assistive robots, increasing accidents leading to disabilities, and the growing elderly population are fueling demand for assistive technologies that help people with physical disabilities live more independently.
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Robotic wheelchairs currently dominate the product type segment due to their ability to provide mobility assistance indoors and outdoors. Upper extremity robots that aid with tasks like feeding and grooming are also gaining popularity. Mobile robots are preferred over fixed systems as they allow for assisted movement throughout homes and care facilities.
North America holds the largest share of the handicap assistive robots market owing to supportive government policies, reimbursement programs, and a high number of technology leaders in the region. However, Asia Pacific is expected to witness the fastest growth due to improving access to healthcare and a rising aging population in countries like China and India.
Leading companies in the market such as Ekso Bionics, ReWalk Robotics, and Kinova Inc. are focusing on developing more human-like and affordable robotic solutions to help the over 1 billion people globally living with some form of disability. The integration of advanced technologies such as artificial intelligence, cloud connectivity, and 3D printing also promise to transform the capabilities of future assistive robots
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