Press release
Shortage Of Nursing Staff Fueling The Growth Of The Nursing Robots Market Due To Rising Burnout And Workforce Gaps: Strengthening the Growth Trajectory of the Nursing Robots Market
Nursing Robots Market Size
What Is the Expected CAGR for the Nursing Robots Market Through 2025?
In the last few years, the market size for nursing robots has experienced significant expansion. The market is projected to increase from $1.21 billion in 2024 to $1.46 billion in 2025, boasting a compound annual growth rate (CAGR) of 20.5%. Factors contributing to this growth during the historic period include the implementation of pilot programs in hospitals, enhanced public consciousness through media, development of user-friendly interfaces, contributions from research and academia, and the establishment of standardization and regulatory frameworks.
What's the Projected Size of the Global Nursing Robots Market by 2029?
The market size for nursing robots is predicted to undergo substantial growth in the upcoming years, escalating to $3.04 billion in 2029, with a compound annual growth rate (CAGR) of 20.1%. This surge over the forecast period can be accredited to factors like the continuous global aging population, the expansion into home-care settings, improved mobility and dexterity, personalized patient interactions, and programs for training and education. The forecast period is set to witness major trend shifts such as the adoption of wearable robotic exoskeletons, the application of natural language processing (NLP), AI-powered diagnostics, increased 5G connectivity, and interfaces that are touch-sensitive.
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Top Growth Drivers in the Nursing Robots Industry: What's Accelerating the Market?
The upward trend in the nursing staff deficiency is projected to spur the expansion of the nursing robots market. The term "nursing staff" pertains to healare professionals who administer care to patients, primarily in various healare environments such as hospitals, clinics, and nursing homes. The lack of nursing staff is escalating due to high burnout rates, leading to early retirements, a reduction in working hours, and fewer professionals remaining in the industry. Nursing robots assist the nursing crew by taking on monotonous or physically straining duties, such as lifting patients, moving supplies, or checking essential signs. This decreases the workload and allows nurses to concentrate on critical patient care. For example, a report in May 2024 by the World Health Organization, a Switzerland-based intergovernmental group, stated that the worldwide nursing workforce comprises about 29 million nurses and 2.2 million midwives. The WHO projects a shortage of 4.5 million nurses and 310,000 midwives by 2030. Consequently, the growing shortage of nursing staff propels the expansion of the nursing robots market.
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What Trends Will Shape the Nursing Robots Market Through 2029 and Beyond?
Leading firms in the nursing robot sector are concentrating on groundbreaking technologies like telerobots, with the goal of improving patient care and lessening the burden on healare workers. The term telerobot describes a remotely managed robotic system that offers innovative specifications or functions, providing a significant leap in the robotics sector. To illustrate this, Touchlab, a deep-tech firm located in Scotland, launched Välkky, a revolutionary telerobot designed to assist nurses, at Helsinki's Laakso Hospital in Finland, back in June 2023. This was part of a three-month pilot program aimed at investigating how sophisticated robotic technology could lighten the load on health workers while enhancing their capacity to provide patient care. Välkky comes equipped with unique capabilities such as a super-thin electronic skin for touch perception, real-time remote management via haptic systems, the capability to undertake routine medical tasks, and integrated safety functions for secure patient interaction.
What Are the Main Segments in the Nursing Robots Market?
The nursing robots market covered in this report is segmented -
1) By Type: Humanoid Robots, Assistive Robots, Autonomous Robots
2) By Product Type: Independent Support Robots, Daily Care And Transportation Robots, Medication Dispensing Robots, Other Product Types
3) By Application: Elderly Care, Post-Surgical Care, Mental Health Support, Patient Monitoring And Assistance, Rehabilitation And Physical Therapy
4) By End User: Hospitals And Clinics, Home Care Settings, Nursing Home, Other End Users
Subsegments:
1) By Humanoid Robots: Social Assistance Robots, Caregiving Robots, Communication Robots, Monitoring And Surveillance Robots
2) By Assistive Robots: Physical Assistance Robots, Mobility Aid Robots, Rehabilitation Robots, Prosthetic And Orthotic Assistive Devices
3) By Autonomous Robots: Autonomous Delivery Robots, Autonomous Medication Management Robots, Autonomous Monitoring Robots, Autonomous Disinfection Robots
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Which Top Companies are Driving Growth in the Nursing Robots Market?
Major companies operating in the nursing robots market are Toyota Motor Corporation, Panasonic Holdings Corporation, KUKA Robotics Corporation, Sumitomo Riko Company Limited, Nikkei Inc., NCS Group, RIKEN, SoftBank Robotics Group Corp., Softeq Development Corporation, Shine Technology Co Ltd., DocCheck Community GmbH, Shenzhen Zuowei Technology Co Ltd., Diligent Robotics Inc., SARA Robotics & Automation Services, Hansen Medical Inc., Chang Robotics Co Ltd., CT Asia Robotics Co Ltd., Takayama Shoji Co Ltd., Club First Roboptics Co Ltd., Hstar Technologies.
Which Regions Will Dominate the Nursing Robots Market Through 2029?
North America was the largest region in the nursing robots market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nursing robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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