Assistive Robotics Market
The global assistive robotics market is anticipated to expand at a compound annual growth rate of 22.3% over the forecast period. The rising cases of strokes and spinal cord injuries with the acceleration in the geriatric population have driven the market growth.
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Assistive Robotics Market Dynamics
Assistive robotics is specially designed keeping the customer’s intellectual and physical interests in mind. These robots are largely used in the medical institutions to assist with the operation. The marketplace for assistive robotics is expanding its presence because of the benefits provided by the robots, such as infiltrating different fields. In addition to it, the incorporation of artificial intelligence in the assistive robots has evolved the need for assistive robots among elders and disabled people. Also, as per the assistive robotics market report, with the rise in the aging population, the strain on healthcare systems has increased. Thus, to enhance independent abilities, raise social involvement and offer cognitive stimulation has propelled the need for assistive robotics.
As per the assistive robotics market research, the ongoing technological modernisations have enhanced the exoskeleton robots to treat strokes and spinal cord injuries. The exoskeletal have gained immense prominence due to their compact batteries, smaller computers with more strong processors, and robust materials. However, the need to comply with several industrial norms and certifications, especially in the medical industry has restrained the assistive robotics market size.
Type of Portability Segment Drivers
By type of portability, the global assistive robotics market can broadly be divided into stationary, and mobile. Mobile seizes the largest share as they have the ability to connect with different digital technology-driven devices such as desktop computers, smart tablets, and phones, to assess and imitate an intelligent user experience. Also, they can track the position, complete an automated mission, and simulate a mobile video recorder, these features have raised their adoption.
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