The global demand for Therapeutic Robots Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Therapeutic robots are rehabilitation robots which are used as a recovery therapy for the people suffering from mental and physical health disorders. These robots work with robotic based therapies by replacing human-applied therapies. They are also called robotic pets or emotional robots and are introduced as companions for people with physical problems and cognitive impairment. These robots have shown great promise in uses in mood disorders, autism, Alzheimer's treatment, and in-home care. The shift from traditional technologies for people with disabilities, to robotic therapy, results in efficiently and effectively support an individual’s recovery, which is anticipated to drive the growth of the market in the coming years.
Rising instances of cerebral vascular accident (stroke) in the geriatric population, growing demand for deployment of rehabilitation technologies such as therapeutic robotics to assist in the recovery process and provide mental & physical support. Furthermore, the healthy rise in the number of rehabilitation centers and the evolution of robotic technology is expected to fuel the growth of the market over the forecast timeline. In addition to this, the regions having high disposable income and the rising awareness about the utilization of robots for stress-related issues are the main factor increasing the adoption of these robots. Also, therapeutic robots simplify the work of a human therapist and help to reduce the treatment cost. As therapeutic robots become more affordable, versatile, and sophisticated with time, they are seen in treatment settings. Thus, these factors are expected to create noteworthy demand for therapeutic robots across the world.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of therapeutic robots.
The entire therapeutic robots market has been sub-categorized into robot type, type of disorder, and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Robot Type:
By Type of Disorder:
- Cerebral Pals
- Post-traumatic stress
- Anxiety and Phobias
- Healthcare centers
- Rehabilitation centers
This section covers regional segmentation which accentuates on current and future demand for therapeutic robots market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Therapeutic Robots Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the therapeutic robots market include PARO Robots, SoftBank Robotics, AnthroTronix, Inc., BeatBots LLC, Omron Corporation, Sony Corporation, Bionik Laboratories Corp., Instead Technologies Ltd., Ekso Bionics Holdings Inc., and AlterG, Inc. among others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.