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
