The market for Robotic Nurse Assistant was valued at US$ 690 million in 2021, and it is anticipated to increase to US$ 2,401 million by 2027, with a CAGR of 20.5% during 2022 and 2027.
Robotic Nurse Assistant Market Overview
Robotic nurses assist patients in moving around or performing simple duties such as taking vital signs or providing medicine. Robotic nurses are used as interfaces for doctors to converse with patients while they are far away. These robotic nurses are employed for a variety of functions, including communicating with patients, keeping an eye on patients, and acquiring patient data. They also aid elderly and disabled patients with daily tasks. In nations with a shortage of healthcare staff, these robots are also contributing to lower nurse-to-patient ratios. Technology has grown at a remarkable pace in recent years, spreading around the globe. A lot of advantages have been brought about by the accessibility and openness of technology, including enhanced scientific research, better lifestyles, and longer life expectancies in several nations. People can concentrate on their occupations and interests because many tasks of daily living are automated. As a result, people in many technologically advanced nations are living longer and having fewer children. Due to this development, the senior population is growing at an oddly rapid rate in comparison to the labour force. There are more and more people living into old age, but not enough children are being born to make up the gap.
Robotic nurse assistants are becoming more and more popular around the world, but the business isn't expanding as quickly as it could. Additionally, a significant amount of variable costs are needed for upkeep, employee training, and process reconstruction. In addition, worries about the safety and security of these robots are limiting the market's expansion. However, it is anticipated that the cost of manufacturing such robots would decrease due to ongoing development of accessible technologies and rising production quantities as a result of the rising popularity of robotic nurse aides.
Industry News and Updates
Apr 27, 2021: Panasonic Launches New Services Using Walk Training Robot for Care Facilities --
Panasonic Corporation has developed a mass production model of its Walk Training Robot that is designed to provide safe and efficient walk training for elderly citizens with apprehensions about walking because of physical depression and experience of falling. The company will begin offering a service using this robot to care facilities, hospitals, and other institutions this month.
What are the major Applications, Types and Regions for Robotic Nurse Assistant Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
- Disabled Population
- Geriatric Population
- Bariatric Population
- Others
By Application, it is segmented into
- Hospitals
- Home Care Setting
- Research Institutes
- Others
Robotic Nurse Assistant Market Regional Analysis
North America dominated the market in 2021 with a revenue share of more than 35.0% and is predicted to grow at a profitable rate during the forecast period. The availability of top-notch healthcare facilities, hospitals' high purchasing power to invest in these systems, improved insurance company partnerships, and an increase in people choosing superior healthcare services are some of the key reasons driving North America's revenue growth. The region's desire for robot-based assistants is also being driven up by the increased necessity to maintain a nurse-to-patient ratio.
Asia Pacific is anticipated to experience the greatest CAGR of 16.2% throughout the projection period because of the region's significant elderly population. Additionally, the market expansion is supported by the region's expanding healthcare sector and rising R&D spending on robotics systems. The market now has more opportunity to introduce new goods thanks to the advent of AI, IoT, and machine learning, as well as the region's expanding 5G network adoption.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Robotic Nurse Assistant Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Robotic Nurse Assistant Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Robotic Nurse Assistant Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 20.5% over the forecast period (2022-2027)
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By Type
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- Disabled Population
- Geriatric Population
- Bariatric Population
- Others
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By Application
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- Hospitals
- Home Care Setting
- Research Institutes
- Others
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By Companies
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TRI Collaboration Center for Human-Interactive Robot Research, GeckoSystems International Corporation, Hitachi, Hstar Technologies, JoiceCare AB, Fraunhofer IPA, Georgia Tech, Diligent Robotics, Toyota Motor Corporation, RIKEN-SRK, SoftBank Robotics, Panasonic, Aethon
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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85
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Robotic Nurse Assistant Market Report
- Evaluate Robotic Nurse Assistant market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Robotic Nurse Assistant market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Robotic Nurse Assistant Market?
The Robotic Nurse Assistant Market is growing at a CAGR of 20.5% over the next 5 years.
Who are the key players in Robotic Nurse Assistant Market?
TRI Collaboration Center for Human-Interactive Robot Research, GeckoSystems International Corporation, Hitachi, Hstar Technologies, JoiceCare AB, Fraunhofer IPA, Georgia Tech, Diligent Robotics, Toyota Motor Corporation, RIKEN-SRK, SoftBank Robotics, Panasonic, Aethon
What are the significant types of Robotic Nurse Assistant Market?
Disabled Population, Geriatric Population, Bariatric Population, Others
What are the major end-use applications of Robotic Nurse Assistant Market?
Hospitals, Home Care Setting, Research Institutes, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
