Market Overview:

The healthcare actuator market is expected to reach US$ 1,578.60 million by 2027 from US$ 981.10 million in 2019; the market is estimated to grow at a CAGR of 6.2% from 2020 to 2027. The healthcare industry is designing and manufacturing a number of innovative machines that require actuators. Actuator controls motions by converting electrical, pneumatic or hydraulic energy into mechanical movement. These are used in medical devices such as wheelchairs, patient lifts, treatment chairs, and medical beds. The global healthcare actuator market growth is mainly attributed to factors such as increasing healthcare facilities and rising geriatric population. However, the high cost of medical devices is restricting the market growth.

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Based on actuation, the healthcare actuator market is segmented into electrical, pneumatic, and  hydraulic. The electrical segment held the largest share of the market and is expected to grow at the highest CAGR during the forecast period. Electric actuators offer advantages such as highest precision-control positioning and easily networked and programmed. Also, these can be scalable for any purpose. Moreover, many market players operating in this industry are offering electrical actuators for healthcare applications. For instance, MECVEL SRL offers electric actuators from rehab machines to motorized chairs to control seats, backrests, and footrests linear motions.

Actuators are used in medical equipment, including medical beds and wheelchairs. These equipment are mostly used by the elderly. For instance, the medical bed is one of the most important requirement for old patients, as it provides maximum comfort, better positioning, safety, and easy access to caregivers. For instance, osteoporosis is a major health issue in an aging population that later leads to various bone-related chronic complications. The number of aging people with bone disorders is increasing due to increased lifespan, lifestyle diseases, and calcium deficiency worldwide. The medical bed provides easy access to regular medical tests and more flexibility while giving them greater control over their life.

The global healthcare actuator market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America. North America held the largest market share in 2019. In North America, the US is the largest market for healthcare actuators. The growth of the region is attributed to the presence of key market players and their product development efforts. In addition, the escalating prevalence of chronic conditions is further contributing to the growth of the market in North America.

MISUMI Corporation; MC Corporation; Rockwell Automation, Inc.; Altra Industrial Motion; Richmat; TiMOTION Technology Co. Ltd.; LINAK; Venture MFG Co.; Movetec Solutions ApS; and Tolomatic, Inc. are among the leading companies operating in the healthcare actuator market.

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The report segments Global Healthcare Actuator Market as follows:

By Actuation

• Electrical
• Pneumatic
• Hydraulic

By Type

• Linear
• Rotary
• Others

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