Many segments of the robotics market—including handicap assistance robots—could see an increase in revenue from 2016 to 2020, according to a market report from Technavio.

The report notes that the global handicap assistance market posts a CAGR of more than 32% during the forecast period. Since handicap robots are expensive, most clinics prefer to lease them for a particular period.

“The US and some countries in the EU are providing funds and reimbursement facilities supporting the use of robots in clinics as they help in faster recovery from injury and assist in permanent disability. Using robotic machines poses a considerable risk because of their bulky characteristics.

“However, technological advancements and evolution of artificial intelligence has made it possible to deploy these robots in the healthcare industry,” says Bharath Kanniappan, a lead analyst at Technavio for industrial automation research, in the release.

For more information, visit Technavio.

[Source(s): Technavio, Business Wire]