Handicap Assistance Robots Market Size 2024-2028

The Handicap Assistance Robots Market size is forecast to increase by USD 3.87 billion at a CAGR of 32.14% between 2023 and 2028. The market is experiencing significant growth, driven by advancements in artificial intelligence and the integration of the Internet of Things (IoT) technology. These technologies enable handicap assistance robots to provide more personalized and efficient services to individuals with mobility impairments. Moreover, the low penetration of robotic wheelchairs in developing economies presents a vast opportunity for market expansion. However, challenges such as high initial investment costs and ethical concerns regarding the use of robots for caregiving persist. Despite these challenges, the market is expected to grow at a steady pace due to increasing demand for independent living solutions and government initiatives to promote assistive technologies for the disabled population.

What will be the size of the Market During the Forecast Period?

Handicap Assistance-Robots Market Forecast 2024-2028

To learn more about this report,  Request Free Sample

Market Segmentation

Product

The robotic parts segment will account for a major share of the market's growth during the forecast period.?Robot parts, such as robot arms and legs, are becoming increasingly popular among people with disabilities and limb loss in the US and European countries. Market players are constantly focusing on developing robotic parts, such as limbs, that can operate with minimal human-induced shocks to make them actuate. Due to advancements in these technologies, such robotic parts are expected to become even more popular and drive market growth. 

Get a Customised Report as per your requirements for FREE!

The robotic parts segment was valued at USD 426.80 million in 2018.?Countries around the world are working to regenerate body parts for people with disabilities using robotic devices. The robot parts market has become more dominant in North America and the developed countries of the EU. This is because these regions have high healthcare costs and reimbursement systems that encourage patients to use robotic solutions frequently. Such factors are driving the growth of the robot parts segment and will drive the growth of the global market during the forecast period.

By Type?

Based on type, the market has been segmented into stationary and mobility. The stationary?segment will account for the largest share of this segment.?Stationary disability assistance robots are designed to provide stationary assistance and support. These robots are typically placed in specific locations, such as homes, medical facilities, and public places, and provide functions that assist users with their daily lives. Stationary robots can play music, display videos, and provide simple games to entertain users. They can also make friends and feel less lonely. In addition, stationary robots can assist users in their daily lives by setting alarms, creating to-do lists, and providing reminders for appointments and tasks. Therefore, they will drive the growth of the market during the forecast period.

By Region

For more insights on the market share of various regions View PDF Sample now!

North America is estimated to contribute 35% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The US became the largest revenue-contributing country in the North American market in 2022. The increasing aging population is a major factor contributing to the market growth in this country. Additionally, technological advancements in product design, construction, usage, and availability of reimbursement from health insurance companies are increasing the demand for disability assistive robots in the region during the forecast period.

Market Dynamics

The market is rapidly expanding, driven by advancements in robotic technologies that address age-related difficulties and physical and cognitive challenges. These robots, including robotic exoskeletons, robotic arms, and robotic hands, are increasingly used as walking aids and mobility aids for individuals with disabilities. Robotic companions and assistive devices are improving the quality of life for users, supported by communication devices and smart home systems that enhance human-machine interaction. Key components such as sensors, actuators, and control systems are integral to these innovations, which are also bolstered by machine learning models and electronic medical records. Rehabilitation professionals and caregivers are leveraging these technologies within disability services to offer effective and personalized care. Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.   

Key Market Driver

Advancements in artificial intelligence is notably driving market growth. Advancements in artificial intelligence (AI) algorithms and machine learning are empowering robots developed by Japanese android makers to execute a broader spectrum of tasks, ranging from aiding in locomotion and daily activities to facilitating communication and offering companionship. The integration of AI-driven natural language processing equips robots with the capability to comprehend and respond to voice commands and auditory cues, enhancing their usability, particularly for individuals with speech impairments.

Furthermore, AI algorithms play a pivotal role in enhancing safety measures by identifying potential hazards such as falls and implementing appropriate interventions to mitigate risks. Consequently, the convergence of robotics and artificial intelligence is poised to propel the growth of the focal market during the forecast period, particularly within domains such as robot-assisted surgery, including spinal surgery, and the development of socially assistive robots (SAR) for applications in pediatric medical care, rehabilitation centers, and handicap assistance. Additionally, there's a notable surge in the utilization of medical exoskeletons and stationary robots across various healthcare settings, fueled by rising insurance coverage and the increasing social awareness fostered by organizations like the World Health Organization. These advancements are particularly significant for addressing conditions such as mild cognitive impairment (MCI), dementia, autism, strokes, spinal cord injuries, and other neurological impairments, ultimately enhancing the quality of life for individuals requiring specialized assistance and care.

Significant Market Trends 

The development of autonomous robotic wheelchairs is a significant trend in the market. Robotic solutions allow movement on unrecognized roads using light detection and ranging (LiDAR) systems and recognize the best possible way to navigate obstacles. Prototypes are being tested in Singapore and Japan. However, it is expected that the commercialization of such robotic wheelchairs incorporating the technology will take place in the future.

Additionally, autonomous robotic wheelchairs with the ability to connect with other robotic solutions and move collaboratively will accelerate the adoption of assistive robots for people with disabilities. The solutions will be very helpful for the movement of individuals in the group. Therefore, the development of autonomous robotic wheelchairs will drive the growth of the global market during the forecast period.

Major Market Challenge

Low penetration of robotic wheelchairs in developing economies is the major challenge that affects the growth of the market. The global handicap assistance robots market is primarily driven by the need for proactive management of vital signs, activity levels, and early detection of health issues in individuals with disabilities. This market is predominantly concentrated in developed countries such as the US, European nations, and Japan, where the demand for advanced technology-driven solutions for medication management, remote consultations, rehabilitation programs, self-management, and medication adherence is high.

However, developing countries like China, India, and others have significant growth potential due to a large number of cases requiring assistance, such as over 60,000 spinal cord injury cases in China annually. Nevertheless, the high cost of handicap assistance robots and low per capita income in these countries limit their adoption. Furthermore, the lack of awareness about product availability and underdeveloped medical facilities for assisting patients with robotic wheelchairs hinder the market's expansion.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

• Bionik Laboratories Corp.: The company offers handicap assistance robots such as exoskeletons for people with injuries and diseases such as spinal cord injury and stroke.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Aether Biomedical sp. z o.o., Assistive Innovations bv, COVVI, Cyberdyne Inc., Ekso Bionics Holdings Inc., Focal Meditech, GOGOA Mobility-Robots SL, Honda Motor Co. Ltd., Japet Medical Devices, Kinova Inc., Ossur hf, Ottobock SE and Co. KGaA, Panasonic Holdings Corp., ReWalk Robotics Ltd., Rex Bionics Ltd., Toyota Motor Corp., Trexo Robotics Inc., Wandercraft, and Bionic Yantra 

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Product Outlook 
  • Robotic parts
  • Robotic wheelchair

• Type Outlook 
  • Stationary
  • Mobility
• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile 
    • Brazil 
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

You may also interested in the below market reports

• Rehabilitation Robots Market: Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Japan, Germany, UK, France - Size and Forecast 

• Social Robots Market: Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, UK, Japan, Germany - Size and Forecast 

• Service Robotics Market: Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, Japan, Germany, South Korea - Size and Forecast 

Market Analyst Overview

The market is significantly evolving with advancements in Healthcare Robotics and Mobility Assistance Robotics, aimed at enhancing independence for elderly individuals and those with mobility impairments or sensory disabilities. Physically assistive robots, such as robotic surgeries and spinal surgeries, offer precision and improved outcomes, while mixed assistive robots provide comprehensive elderly care. Innovations in robotic surgeries and surgery assistance are driven by surgeons and research institutions, supported by hardware and software advancements. Remote monitoring and telemedicine facilitate healthcare monitoring and early detection of chronic conditions, enabling personalization and proactive management of vital signs and activity levels. Advocacy organizations and universities are pivotal in advancing accessibility standards and patient engagement through rehabilitation programs and medication management. Startups and multinational corporations are actively contributing to this field with innovative solutions and public relations strategies.

Request PDF sample

What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch