May 22, 2024

U.S. Digital Therapeutics Market High Growth Opportunities, Emerging Trends, Industry Review, Forecast Till 2030

Healthcare robots are increasingly adopted in elderly care facilities across the U.S. to cater to the growing aging population requiring assistance. These robots help perform various simple tasks to support daily living activities of the elderly such as reminding to take medicines on time, providing company and entertainment. They also help in lifting and transferring patients carefully from beds to wheelchairs etc., reducing the physical strain on caregivers. The global healthcare robot market offers innovative solutions that augment patient safety, clinical outcomes and hospital operational efficiency. These solutions ranging from surgical robots for precision in complex surgeries to rehabilitation robots provide automated therapy to patients.

The global healthcare robot market in the U.S. is estimated to be valued at US$ 3 Billion in 2023 and is expected to exhibit a CAGR of 20% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Get more insights on this topic: https://www.coherentmarketinsights.com/market-insight/us-digital-therapeutics-market-5690

Market key trends:

One of the major trends witnessed in the U.S. healthcare robot market is the increasing deployment of robots for rehabilitation and assistive care. Stroke and spinal cord injuries result in millions needing rehabilitation annually. Robots help perform repetitive exercises and tasks that can speed up recovery. For instance, manufacturers are developing robots tailored for gait training, arm and hand rehabilitation. These robots can adjust the difficulty level of the movements and collect real-time data on patient recovery. This enhances recovery outcomes while reducing strain on therapists. Such advanced rehabilitation robots are witnessing increased uptake in clinics.

Porter’s Analysis

Threat of new entrants: The threat of new entrants in the U.S. market is moderate as setting up distribution channels and brand recognition requires high investment.
Bargaining power of buyers: The bargaining power of buyers is high in the U.S. market as it is dominated by few major retailers who can negotiate low prices.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many suppliers in the market and switching costs are low.
Threat of new substitutes: The threat of substitutes is high as there are several substitute products available in the market.
Competitive rivalry: Competition in the U.S. market is high.

Key Takeaways

The global U.S. market is expected to witness high growth. The Western region dominated over 40% of the total U.S. market share in 2020 owing to high consumption. The Southern region is expected to grow at fastest pace during the forecast period. The global healthcare robot market in the U.S. is estimated to be valued at US$ 3 Billion in 2023 and is expected to exhibit a CAGR of 20% over the forecast period 2023-2030.

Regional analysis comprises: The Midwestern region accounted for over 25% value share in 2020. States like Illinois, Indiana, Ohio and Michigan contributed significantly to the region’s overall market size. Moreover, growing population and rising disposable incomes are anticipated to drive higher demand in the coming years.

Key players related content comprises Key players operating in the U.S. market are McDonald’s, Starbucks, Subway, Burger King, Wendy’s, Dunkin’, Panera Bread, Dairy Queen, KFC, Taco Bell.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it