openPR Logo
Press release

Robotic Nurse Assistant Market Is Predicted To Grow At A CAGR Of 17.4% Through 2032

08-29-2023 09:29 AM CET | Health & Medicine

Press release from: Factmr

The robotic nurse assistant market is expected to be worth USD 923.91 million in 2022, with a CAGR of 14.7% from 2022 to 2032. By 2032, the market is expected to be worth USD 3641.36 million.

The growing worldwide population of the elderly is driving up demand for robotic nursing assistants for varied daily support duties. The increased investment in R&D to produce technologically superior robots for healthcare institutions is expected to enhance demand for robotic nurses in the future years.

For More insights into the, Request a Sample of this Report:

Another reason driving growing demand for robotic nursing assistants is increased investment and financing for the development of technologically advanced nurse-assisting robots that can successfully perform a nurse's daily responsibilities. Because a greater number of patients were hospitalized as a result of the COVID-19 epidemic, demand for robotic nurse assistants for patients surged. While caring for COVID-19-infected patients, the robots also helped to preserve social distance, which encouraged the growth of the robotic nurse assistant market at the time.

Competitive Landscape:
To enhance their market share, robotic nursing assistant market participants are pursuing strategic initiatives like as partnerships, mergers and acquisitions, collaborations, and product launches. As hospitals and healthcare facilities employ robotic nursing assistants, the market for robotic nurse assistants is expanding.

Companies participating in the worldwide robotic nurse assistant industry include RIKEN-TRI Collaboration Center for Human-Interactive Robot Research, GeckoSystems International Corporation, Hitachi, Hstar Technologies, JoiceCare AB, Fraunhofer IPA, and Georgia Tech.

Key Players:
• Hstar Technologies
• Diligent Robotics
• Toyota Motor Corporation
• SoftBank Robotics
• Panasonic
• Fraunhofer IPA
• Aethon

Get Customization on this Report Specific Research Solutions:

Regional Analysis:

North America dominated the market in 2021, with a revenue share of more than 35.0%, and it is expected to continue to expand at a profitable pace over the forecast period. Some of the primary elements driving North America's revenue growth include the availability of high-quality healthcare facilities, hospitals' strong buying power to invest in these systems, enhanced insurance company partnerships, and an increase in people seeking superior healthcare services. The increased necessity to maintain a nurse-to-patient ratio is also driving the region's need for robot-based aides.

Because of the region's large senior population, Asia Pacific is expected to have the highest CAGR of 16.2% throughout the projection period. Furthermore, the region's developing healthcare sector and increased R&D investment on robotics systems are driving market growth.

Because of the emergence of AI, IoT, and machine learning, as well as the region's rising 5G network adoption, the market for robotic nursing assistants currently has more opportunity to launch new solutions.

Key Segments of Industry:
• By Product Type:
o Independence Support Robots
o Daily Care & Transportation Robots
o Pharma Automation Robot
• By End-use:
o Hospitals & Clinics
o Senior Care Facilities
o Homecare Settings

For More in-depth competitive analysis, Buy Now:

About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Robotic Nurse Assistant Market Is Predicted To Grow At A CAGR Of 17.4% Through 2032 here

News-ID: 3185888 • Views: 394

More Releases from Factmr

Neurodegenerative Disorder Market Is Estimated At Us$ 3.6 Billion In 2023
08-29-2023 | Health & Medicine
Neurodegenerative Disorder Market Is Estimated At Us$ 3.6 Billion In 2023
According to Fact.MR, the worldwide neurodegenerative disease market would grow from US$ 3.6 billion in 2023 to US$ 6.8 billion by 2033. From 2023 to 2033, global revenue from neurodegenerative diseases is expected to grow at a CAGR of 6.7%. The prevalence of amyotrophic lateral sclerosis (ALS) is increasing globally. There has been a rise in people with severe symptoms of neurodegenerative disorders, which eventually lead to locked-in syndrome. This increase
Material Lift Rental Market Is Projected To Value Of US$ 28.9 Billion In 2023
Rental of material lifts Demand is increasing and is expected to rise at a 5.1% annual rate throughout the projection period, reaching a valuation of US$ 47.5 billion in 2033, up from US$ 28.9 billion in 2023. Material lifts are vertical platform elevators that are often used in industrial and commercial contexts to carry items and materials between multiple floors of a structure. Renting material lifts saves money, provides flexibility, eliminates
Road Marking Paints and Materials Market Value Is Expected To Increase At A CAGR …
According to Fact.MR, a market research and competitive intelligence company, the Global Road Marking Paints and Materials Market will grow at a CAGR of 6.5% through 2032, reaching a worth of US$ 12.2 billion. Performance-based road marking paints and materials are likely to dominate the market by type. Road marking goods are used on streets and walkways to give people, automobiles, and vehicles with direction, warnings, and information. The uniformity of
Cutlery Market is reached a valuation of US$ 5.74 billion in 2023
Cutlery Market is reached a valuation of US$ 5.74 billion in 2023
The cutlery market is expected to be worth $5.74 billion by 2024. Demand for cutlery products is expected to reach US$ 10.38 billion by 2033, growing at a 6.1% CAGR between 2023 and 2033. Increased demand for sustainable and organic items made from wheat stalks and other edible resources is boosting the cutlery industry's excellent development prospects. The vast majority of consumers understand the value of visually beautiful, useful, and high-quality

All 5 Releases

More Releases for Robot

Robot Pet Care Market 2022 Precise Outlook|Litter-Robot, Hexbug, CatGenie - Petn …
The Robot Pet Care Market report is a great source of insightful data for business strategists. It gives an overview of the industry, as well as growth projections and historical and forecasted cost, revenue, demand, and supply statistics (as applicable). The research experts provide a detailed overview of the value chain as well as a study of its distributors. The Robot Pet Care Market analysis contains in-depth information that will
Cyber Security in Robotics Market to 2027 - Global Analysis and Forecasts by Com …
Cybersecurity concerns have been most important for industrialists. Fast progress made by robotics in our day to day lives is creating a strong automation effect in a wide-ranging range of grounds. With every passing day, the abilities of robotics have innovated from the installation of new control systems and manipulators, new sensors, and power supply systems. Robotic process automation (RPA) is growing popularity in cybersecurity in robotics. Organizations are looking
Robotic Polishing Machine Market Size 2019 - Logen Robot, DANBACH ROBOT, MEPSA
Robotic Polishing Machine Market Research Report Formulates with historic data up to 2019 and gives a forecast for 2019-2024. The report gives a comprehensive outlook of the market including the current market status, historic, and expected way forward for the global Robotic Polishing Machine market. The report inspects market size, key trends, technologies, challenges, product scope, industry revenue, and growth opportunities. The report delivers data on the drivers and restraints
Flexiv Ushers In 3rd Gen Robot With Launch Of Adaptive Robot Arm
• Product launch of world’s first adaptive robot at Hannover Messe 2019 • Broader set of task applications - can be applied to different scenarios and industries, even in uncertain environments • Bottom-up innovation and all-inclusive robot design for great adaptivity • Proprietary force control and AI technology from top AI and robotics researchers HANNOVER, Germany, April 2, 2019 – Flexiv Ltd. today ushered in a new generation of industrial robot with the launch of
Robotics Market by Data Type (Automotive Robot, Mobile Robot, Industrial Robot, …
Global Robotics Market was valued at USD 46.18 Billion in the year 2017. Global Robotics market is further estimated to grow at a CAGR of 13.52% from 2018 to 2023 to reach USD 112.6 billion by the year 2023. Asia-Pacific region holds the highest market share in 2017 and North America market is considered as the fastest growing market in the forecasted period. At country level China, Japan and India
Pipeline Robot Market Competitive Strategies of Key Manufacturers: Diakont, Trio …
The qualitative research study conducted by HTF MI titled “Global Pipeline Robot Market Research Report 2018” provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Pipeline Robot market. The study provides forecasts for Pipeline Robot investments till 2022. If you are involved in the Pipeline Robot industry or intend to be, then this