Rockville, Dec. 21, 2022 (GLOBE NEWSWIRE) -- The growing global population of older adults is fueling the demand for robotic nurse assistants for various daily assistance functions. The growing investment in R&D to create technologically advanced robots for healthcare facilities is expected to drive up demand for robotic nurse assistants in the coming years.
Another factor contributing to the rise in demand for robotic nurse assistants is the development of technologically advanced nurse-assisting robots that can effectively carry out a nurse's daily tasks.
The growth of the robotic nurse assistant market is likely to be hampered by factors such as safety concerns and the high cost of robotic systems. The variety of robotic systems is rapidly expanding as a result of significant advancements in software programming techniques as well as new vision and motion systems.
As the world's senior population grows, so does the market for robotic nurse assistants to help with various day-to-day tasks. Significant technological advancements, as well as increased research investment in healthcare robotics, are expected to drive demand for robotic nurse assistants in the coming years.
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Throughout the forecast period, North America will continue to rule the global market for robotic nurse assistants. Due to the increasing number of elderly people in this area. The nurse-to-patient ratio has been protected by the most recent technological developments, supporting regional robotic nurse assistant market expansion.
The robotic nurse assistant market is anticipated to grow more rapidly in Asia Pacific. It is predicted that rising healthcare spending and the region's continually expanding healthcare infrastructure will have a significant impact on the market for robotic nurse assistants.
The Japanese government is actively promoting the development of healthcare robots in the country by offering subsidies to researchers and manufacturers due to a nursing shortage in the country.
Key Takeaways
- Independence support robots were the market leader in 2021 with a robotic nurse assistant market share of more than 40.0%.
- Robotic daily care and transportation are expected to grow at the fastest rate.
- The segment for hospitals and clinics took the top spot in the market for robotic nurse assistants in 2021, accounting for a revenue share of over 45.0%.
- Senior care facilities are expected to experience the fastest CAGR growth during the projection period due to the growing global geriatric population.
- In 2021, North America held a revenue share of more than 35.0%, dominating the robotic nurse assistant market.
- Due to the high prevalence of older adults, Asia Pacific robotic nurse assistant market is anticipated to experience the highest CAGR of 16.2% during the forecast period.
Key Segments
By Product Type:
- Independence Support Robots
- Daily Care & Transportation Robots
- Pharma Automation Robot
By End-use:
- Hospitals & Clinics
- Senior Care Facilities
- Homecare Settings
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Competitive Landscape
To increase their market share, robotic nurse assistant market participants are pursuing strategic initiatives such as partnerships, mergers and acquisitions, collaborations, and product launches. As hospitals and healthcare facilities implement robotic nurse assistants, the market for robotic nurse assistants is expanding.
Key Companies Profiled
- Hstar Technologies
- Diligent Robotics
- Toyota Motor Corporation
- RIKEN-SRK
- SoftBank Robotics
- Panasonic
- Fraunhofer IPA
- Aethon
Recent Development
Funding
- In April 2022, Diligent, a nurse assisting Robot Company, raised more than USD 30 million in series B funding. The funding will help the company expand its scalability and resolve supply chain issues as it continues to use its nurse assisting robot, Moxi.
- Hstar Technologies has raised a total of $100,000 in funding in a single round. This grant round's funds were raised on June 25, 2015. Hstar Technologies receives funding from MassVentures.
Launch
- In Texas, a Diligent Robotics Moxi robotic nurse assistant was used in 2021 for tasks such as bringing in medication and delivering lab samples.
Collaboration
- Japan and Finland are expanding their collaboration in high-performance computing. To enhance cooperation in the field of high-performance computing, the RIKEN Center for Computational Science and the CSC - Center for Science Information Technology, a Finnish center of information technology expertise, signed a Memorandum of Cooperation (MoC).
- Two top-notch supercomputers will be used for this: the Fugaku supercomputer run by RIKEN and LUMI, the most potent pre-exascale supercomputer in Europe, hosted by CSC.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global Robotic Nurse Assistant Market, presenting historical market data (2018-2022) and forecast statistics for the period of 2022-2032.
The study reveals essential insights based on Product Type (Independence Support Robots, Daily Care & Transportation Robots, Pharma Automation Robots), By End-use (Hospitals & Clinics, Senior Care Facilities, and Homecare Settings), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & ASEAN, Oceania, and the Middle East & Africa).
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