Robotic nurse assistants are robots designed to assist nurses, patients, and families in healthcare facilities. These robots perform tasks like transporting food, medicine, linens and assisting patients with simple activities like walking, eating or going to the bathroom. The demand for robotic nurse assistants is driven by factors like growing geriatric population suffering from disabilities or limited mobility, shortage of nurses and the need to reduce strain and workload of nurses. Robotic nurse assistants minimize the risks of virus transmissions as they operate remotely without physical contact.
The Global Robotic Nurse Assistant Market is estimated to be valued at US$ 1,015.2 MN in 2024 and is expected to exhibit a CAGR of 19% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Global Robotic Nurse Assistant market are Hstar Technologies Diligent Robotics, Toyota Motor Corporation, RIKEN, Aldebaran, Panasonic Holdings Corporation, Fraunhofer IPA, ST Engineering Aethon, Inc., and Triage Staffing. These players are investing heavily in research and development of advanced robotics technology to develop more versatile and intelligent robotic assistants.
The key opportunities in the Global Robotic Nurse Assistant market include increasing adoption in elderly care facilities and homecare settings. A growing aging population and shortage of nursing staff is driving demand for robotic assistants in eldercare. Developing nations are also expected to witness rising installations of robotic assistants as healthcare infrastructure and resources improve.
The Global Robotic Nurse Assistant market is expanding rapidly with key players focusing on markets in Asia, Europe and North America. Japan has emerged as an early adopter with high level of innovation and investment. China and India also present lucrative opportunities for growth owing to their large geriatric population base and increasing healthcare expenditure. Other developed regions like Western Europe and North America are also witnessing a growing demand for robotic nurse assistants driven by the need for better patient outcomes and shortage of nurses.
Market Drivers
Aging Population - The rising elderly population worldwide especially Japan, North America and Europe which suffer from limited mobility, disabilities or require regular assistance is a major driver. This population relies on nurses or caretakers and increasing their workload. Robotic assistants help address this problem.
Shortage of Nurses - Developed nations face a huge shortage of nursing staff. According to WHO, there is a global shortage of 5.9 million nurses currently. Robotic assistants help overcome this shortage and support nurses with tasks to reduce workload.
Market Restrain
High Cost - Robotic nurse assistants equipped with advanced technologies come at a high cost which is a major restrain for widespread adoption. Healthcare facilities in price sensitive developing regions faces budget constraints.
Reliability Issues - As the technology is new, there can be issues regarding reliability, error-free functioning and lack of dexterity challenges for certain complex tasks like turning/lifting patients which restricts complete dependence on robots presently.
Segment Analysis
The Global Robotic Nurse Assistant Market can be segmented based on type, end-user, components used, and application. The surgical robot segment dominates the global market as robotic surgery helps in providing minimally invasive approach with greater accuracy and flexibility compared to open surgeries. Surgical robots are programmed to enhance dexterity, precision and control that traditional open surgery techniques cannot match.
Global Analysis
North America dominates the global robotic nurse assistant market due to higher healthcare spending and the presence of major players such as Hstar Technologies, Toyota Motor Corporation, and Aethon, Inc in the region. Asia Pacific is expected to witness the highest growth during the forecast period due to increasing healthcare expenditure, improving healthcare infrastructure, and growing geriatric population in countries like China, India, and Japan. The increasing number of hospitals and surgical centers adopting robotic technologies will fuel market growth in Asia Pacific. Japan holds significant share due to growing demand for assistant robots to support elderly care.
Get more insights on This Topic- Global Robotic Nurse Assistant Market
The global robotic nurse assistant Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the robotic nurse assistant market include Hstar Technologies, Diligent Robotics, Toyota Motor Corporation, RIKEN-SRK, SoftBank Robotics, Panasonic, Fraunhofer IPA, Aethon and PARO Robots U.S., Inc.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Robotic Nurse Assistant Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/robotic-nurse-assistant-market/download-sample Market DynamicsGrowing geriatric population and fall in the nurse-to-patient population are few of the factor contributing to the market growth in the upcoming year.
Apart from this, rising technological advancement and innovation along with rising trend of AI in healthcare is expected to propel the demand.
However, high cost of the system is likely to hinder the market growth.Rising geriatric population and decrease in the nurse-to-patient population are some of the factors contributing to the growth of robotic nurse assistant in the coming years.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the robotic nurse assistant market include Hstar Technologies, Diligent Robotics, Toyota Motor Corporation, RIKEN-SRK, SoftBank Robotics, Panasonic, Fraunhofer IPA, Aethon and PARO Robots U.S., Inc.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Robotic Nurse Assistant Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/robotic-nurse-assistant-market/download-sample Market DynamicsGrowing geriatric population and fall in the nurse-to-patient population are few of the factor contributing to the market growth in the upcoming year.
Accelerating R in healthcare robotics is anticipated to drive the demand over the forecast period.
Apart from this, rising technological advancement and innovation along with rising trend of AI in healthcare is expected to propel the demand.
However, high cost of the system is likely to hinder the market growth.Rising geriatric population and decrease in the nurse-to-patient population are some of the factors contributing to the growth of robotic nurse assistant in the coming years.
The newly added Robotic Nurse Assistant Market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2027.
Further, this report also highlights smart strategy adopted by major players and also their market share.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Robotic Nurse Assistant Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/robotic-nurse-assistant-market/download-sampleMarket DynamicsGrowing geriatric population and fall in the nurse-to-patient population are few of the factor contributing to the market growth in the upcoming year.
However, high cost of the system is likely to hinder the market growth.
Rising geriatric population and decrease in the nurse-to-patient population are some of the factors contributing to the growth of robotic nurse assistant in the coming years.
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