LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors for the global handicap assistance robots market in their latest research report. This report also discusses some of the challenges faced by market vendors and outlines key strategies followed by them.
To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size, Technavio researchers have considered revenue generated from the sales of various types of handicap assistance robots to clinics, individuals, hospitals, and rehabilitation centers.
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“Over the last decade, the use of robots has increased not only in the manufacturing sector but also in the service sector such as healthcare. It has widened the scope of vendors in the robotics sector to increase their portfolio for each sector. Vendors are investigating opportunities to increase their market presence by differentiating their products from their competitors due to intense market competition. This has led vendors to increase their focus on R&D to provide highly customized products of superior quality that can efficiently meet the requirements of customers,” said Bharath Kanniappan, one of Technavio’s lead analysts for robotics research.
Top five leading vendors in the global handicap assistance robots market:
Cyberdyne is the most popular manufacturer of handicap assistance robots. The company's breakthrough product is HAL, which enables a differently-abled person to stand, walk, or lift heavy objects. It is a wearable robot conforming to the international safety standard, ISO 13482 certification. The company provides handicapped assistance robots under the medicine, living support, and labor support business segments. Under the medicine segment, the company provides HAL to hospitals and rehabilitation centers for rehabilitation of people with brain, nerve, or muscular disorders. Under the living support segment, it offers HAL to the elderly and people with disabilities. Under the labor support segment, the HAL offered is used to lift heavy objects in factories and construction sites.
Focal Meditech is a Netherland-based company that offers tailor-made robotic medical equipment. It is a global distributor of several assistive robots such as social robotic seal Paro and the personal care robot Jaco. Paro was developed in Japan for people suffering from dementia. This robot has the ability to become emotional, which has proved to be effective for people with depression. Also, the robot improves the physical health of patients. Paro improves the communication to refrain from stress and loneliness. Similarly, Jaco is designed for people who have limited or no hand function. It can perform all the functions that patients are unable to perform manually.
Kinova robotics is one of the leading players that offer assistive and service robots to assist people with disabilities. The service robots help people to communicate with the environment more efficiently and safely.
Kinova Robotics offers Jaco assistive robotic arm. It is light, compact, and energy-efficient, user-friendly, intuitive, and allow performance of daily tasks such as eating, drinking, using a microwave; picking objects from the floor; getting items from a refrigerator; opening doors; and pressing doors and elevator buttons. This increases the independence of users. Canada's National Research Council's Industrial Research Assistance Program (NRC-IRAP) is supporting the innovation of the Kinova Robotics in developing new products.
ReWalk is an Israel-based medical device company. The company provides handicapped assistive robots worldwide. The company offers wearable exoskeleton that enables individuals with spinal cord injury to stand upright, walk, turn, climb, and descend stairs. The USFDA has approved ReWalk to manufacture exoskeletons for rehabilitation and personal use in the US.
In 2015, the company launched a sixth-generation exoskeleton, ReWalk Personal 6.0, with customized fittings, better software, and faster-walking speed with better experience.
Touch Bionics was founded by the inventor David Gow and funded and supported by Archangel Investors Limited and Scottish Enterprise. The company is a Livingston-based company, which is the leading provider of prosthetic technologies and supporting services used by the individuals with upper limb deficiencies. Touch Bionics has generated revenue of USD 16.63 million in 2015, an increase of 11% compared to 2014. The company has a strong presence in the European markets such as Germany and France. The French government has officially approved and funded the use of i-limb, a prosthesis robotic limb.
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