Robotic Rehabilitation And Assistive Technologies Industry - Regional Synopsis
North American Market Forecast
North America industry is expected to dominate majority revenue share of 37% by 2037, attributed to rising chronic disease prevalence coupled escalating geriatric population, and a strong healthcare industry.The growth of the market can be attributed majorly to the rising chronic disease prevalence coupled escalating geriatric population, and a strong healthcare industry is expected to drive the growth of the market in North America during the forecast period. For instance, the U.S. has more than 54 million adults aged 65 and older, or roughly 16.5% of the population in 2022, according to the U.S. Census Bureau. Apart from that higher prevalence of cardiovascular diseases (CVDs) in the region, backed by the growth in robotic rehabilitation and assistive technologies owing to the ongoing development of robotics in North America, is projected to enlarge the market’s size during the forecast period. As of 2019, nearly 40% of the population in the USA was diagnosed with cardiovascular diseases and approximately 6 million people lost their lives owing to stroke in a similar year. Therefore, all these factors are expected to drive the growth of the market in the region during the forecast period.
