Global Robotic Nurse Assistant Market by Product (Daily Care & Transportation, Independence Support, Pharma Automation) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

Global robotic nurse assistant market was valued at USD 389.7 Million in 2018. It is expected to grow at a CAGR 19.9% during the forecast period. Globally, the growing elderly population is driving demand for robot-assisted nurse assistants to perform various tasks. According to the World Bank database, 27% of Japan's population was over 65 in 2016. In the U.S. alone, 15% of the population is 65+ and 20% of the European population are 65+. In the future, robotic nurses will be in high demand due to technological advances and rising funding for research in healthcare robotics.

Another factor driving the rise in demand for robotic nurses is the increased funding and grants for nurses assisting robots that can perform the day-to-day tasks of a nurse. Savioke, for example, received USD 13.4 million in Series B funding in 2018. The company plans to expand the use of its relay robots in hospitals with this funding. These robots will assist nurses, lab technicians, as well as other workers by delivering medicine, supplies, specimens, and other items all over the hospital.

Robotic nurses can be used to assist elderly and disabled patients with daily tasks. They also interact with patients and collect patient information. Robotic nurse assistants are also helping to reduce the nurse-to-patient ratio in countries with a shortage of healthcare workers. This is another reason for the market's growth. According to Japan's Health, Labor, and Welfare Ministry, there is a shortage of approximately 377,000 healthcare workers by 2026.

Globally, there is a growing demand to hire robotic nurse assistants. However, the high prices of these robots are limiting the market's growth. Pepper and Nao are companion bots that cost around USD 5,000. Some robots, which aren't affordable in low-income countries, can exceed USD 250,000. Safety & security concerns are another factor that is limiting the market's growth.

Manufacturers will be able to produce more products due to technological advancements and increased demand. This will allow them to make better products and reduce their costs. Technological advancements in surgical robots and other medical robots may allow for the integration of these products into hospital Information Systems, resulting in improved patient outcomes and a reduction in operating costs.

Product Insights

The market for robotic nurse assistants can be divided into three categories based on their product: autonomous mobile robots, daily help & assistance robots, or independence support robots. With a 42.7% market share, independence support robots dominated robotic nurse assistants in 2018. The demand for independent support robots has increased with the aging population and increasing need for continuous nursing assistance. These robots can also take over repetitive tasks and automate them, which are two factors that have contributed to the segment's growth.

Over the forecast period, the daily care and transportation robot segment will see the most growth. These robots automate tasks that have a positive impact on hospital workflows and improve the quality and productivity of care. This segment is also driven by the growing demand for robots that can assist nurses in their daily tasks.

End-Use Information

With a revenue of USD 182.4million, the hospitals and clinics segment was the dominant segment in 2018. It is expected to continue growing at a steady pace over the forecast period. Due to the shortage of nurses in different countries, and the growing adoption of medical robotics in hospitals or clinics, the market for robotic nurse assistants is seeing revenue growth.

Due to the overwhelming global geriatric population, the senior care facilities sector is expected to grow at the highest CAGR during the forecast period. The CIA World Fact Book estimates that the 60-year-old population accounted for 12.3% in global population in 2015. This figure is projected to rise to 21.5% by 2050. The forecast period will also see a rise in the use of healthcare robots to support the elderly population.

Regional Insights

The market can be divided by geography into North America and Europe, Asia Pacific and Latin America. With a 40.5% revenue share, North America dominated in 2018. It is expected to continue growing at a lucrative pace over the forecast period. Asia Pacific, on the other hand, is expected to grow at a 21.7% CAGR over the forecast period.

The high market share in North America can be attributed to several factors, including the financial ability of hospitals to invest, better collaboration with insurers, and growing patient acceptance due to improved healthcare outcomes. The forecast period will see a rise in demand for robot nurse assistants in North America due to the need to keep the ratio of nurses and patients at the same time.

Asia Pacific's fastest growing region is due to the rising elderly population, which requires caregivers. The region's growing healthcare spending and infrastructure will be key drivers for the growth of robotic nurse assistants. In Japan, there is a shortage of nurses and the government offers subsidies to both developers and manufacturers to encourage the development of robotic healthcare.

Robotic Nurse Assistant Market Share insights

There are only a few regional players in the robotic nurse assistant market. Hstar Technologies and Diligent Robotics are some of the key players in this market.

Report Scope

The report covers segments

This report provides a forecast of revenue growth at country level as well as an analysis of industry trends within each sub-segment from 2015 to 2026. Up Market Research has segmented this report on the robotic nurse assistant market based on product, end-use and regional segments.

• Product Outlook (Revenue USD Million, 2015-2026)

  • Robots for Independence

  • Daily Care & Transportation Robots

  • Autonomous Mobile Robots

• End-Use Outlook, Revenue, USD Million, 2015-2026

  • Hospitals & Clinics

  • Senior Care Facilities

  • Homecare Settings

• Regional Outlook (Revenue USD Million, 2015-2026)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • UK

    • Spain

    • France

    • Italy

    • Russia

  • Asia Pacific

    • Japan

    • China

    • India

    • South Korea

    • Singapore

    • Australia

  • Latin America

    • Mexico

    • Brazil

    • Argentina

  • MEA

    • Saudi Arabia

    • South Africa

    • UAE

Up Market Research published a new report titled “Robotic Nurse Assistant Market research report which is segmented by Product (Daily Care & Transportation, Independence Support, Pharma Automation), By Players/Companies Fraunhofer IPA, Panasonic, Aethon and others, SoftBank Robotics, Hstar Technologies, Toyota Motor Corporation, RIKEN-SRK, Diligent Robotics”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Robotic Nurse Assistant Market Report Segments:

The market is segmented by Product (Daily Care & Transportation, Independence Support, Pharma Automation).

Robotic Nurse Assistant Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Robotic Nurse Assistant Market

Overview of the regional outlook of the Robotic Nurse Assistant Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Robotic Nurse Assistant Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Robotic Nurse Assistant Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Daily Care & Transportation

                2. Independence Support

                3. Pharma Automation

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Robotic Nurse Assistant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Robotic Nurse Assistant Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.