Jul 08, 2020 (Market Insight Reports) -- Robotic Nurse Assistant Market unveils a succinct analysis of the market size, regional spectrum and revenue forecast about the market. Furthermore, the report points out major challenges and latest growth plans embraced by key manufacturers that constitute the competitive spectrum of this business domain.
Global Robotic Nurse Assistant Market is valued at USD 380.3 Million in 2018 and expected to reach USD 1486.3 Million by 2025 with the CAGR of 21.5% over the forecast period.
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Rising funding and grants for the development of nurse assisting robots, increasing technological innovations coupled with rising research funding in healthcare Robotics Are The Major Factors Expected To Drive The Growth Of Global robotic nurse assistant market over forecast period.
Scope of Global Robotic Nurse Assistant Market Report-
The robotic nurses are robots help patients' bodily move around or perform simple tasks like taking vital signs or delivering medicine. Hence, robotic nurses serve as interfaces for doctors to use over distances to communicate with patients. These robotic nurses are used for various activities such as assisting elderly and disabled patients in performing their daily tasks, interacting with patients, monitoring patients and gathering patient information. These robots are also helping in reducing nurse-to-patient population ratios in countries where there is a shortfall of healthcare workers. Hence, the robotic nursing assistants deliver core benefits associated with safe patient lifting the analogous to those derived from at present traditional methods reduced incidence of clinician workplace injuries, and associated workman’s compensation claims and lost work time.
In the past few years, technology has advanced at a rapid rate and spread around the globe. The affordability and openness of technology has brought many benefits, including better scientific research, improved quality of life, and a higher average life expectancy in a number of countries. Given that various aspects of daily life are automated, people can focus on their careers and interests. Accordingly, how many technologically advanced societies' people are not only living longer, but are also having fewer children. This development has led to a strangely large growth rate of the elderly population relative to the labor force. There are many people are living until old age and not enough children are born to make up the difference, there are fewer and fewer resources to take care of older generations. The assistive robots are speculated to advantage the elderly, injured, and disabled since they provide both, dexterity in movement and the precision reliability, which renders them ideal for quick rehabilitation. Conversely, the rising awareness among patients regarding the benefits of assistive robots coupled with an increasing need to curb healthcare expenditure will further accelerate the healthcare robot business development of growth.
Key Players for Global Robotic Nurse Assistant Market Report-
Some major key players for Global Robotic Nurse Assistant Market are RIKEN-SRK, SoftBank Robotics, Panasonic, Fraunhofer IPA, Aethon, PARO Robots U.S., Inc., Hstar Technologies, Diligent Robotics, Toyota Motor Corporation and others.
The regions covered in this robotic nurse assistant market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of robotic nurse assistant is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global Robotic Nurse Assistant Market Segmentation:-
Independence Support Robots, Daily Care & Transportation Robots, Autonomous Mobile Robots
Hospitals, Clinics, Senior Care Facilities, Homecare Settings
Global Robotic Nurse Assistant Market Dynamics -
Increasing technological innovations coupled with growing research funding in healthcare robotics, and rising trend of artificial intelligence in healthcare are some of the major factors expected to drive the market growth. According to statements of the International Federation of Robotics IFR in 2015, robot sales has been increased by 15% to 253,748 units as well as the electronics industry has rose by more than 41% in last few years. The growth in the ageing population is considered to be one of major drivers of the overall robotic nurse assistant market. The robotic nurse assistants are developed by the researchers to reduce high patient to nurse ratios and streamline other factors including lack of experienced staffs and insufficient time to monitor patients.
Global Robotic Nurse Assistant Market Regional Analysis-