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The Global Robotic Nurse Assistant Market is Anticipated to Witness High Growth Owing to Aging Population

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The Global Robotic Nurse Assistant Market is Anticipated to Witness High Growth Owing to Aging Population

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.

 

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