Patient Monitoring and Assistance Robots market globally grow tremendously at a CAGR of about 30.27% by 2021

Albany, NY, 18 JAN : The shortage of nurses in hospitals and doctors with individual specialty has resulted in less availability of medical services, especially in the rural and remote regions across the globe. Analysts predict that due to the rise in number of aging professional caregivers, this shortage will continue in the coming years as well. To ensure the quality of services delivered to patients, healthcare facilities will start adopting technological improvements in robotics, consequently driving market growth in the coming years.

Evolution in technology and increased R&D for technological innovations by vendors in the healthcare robotics sector have paved the way to introduce patient monitoring and assistance robots. There are two major dynamics that have impacted the healthcare robotics and the adoption over the years. One is the aging population across the globe, which will not only increase the number of patients but also lead to the retirement of the current care staff and nursing professional in hospitals and other healthcare facilities like nursing homes. The other factor is the globalization of healthcare. Healthcare professionals are increasingly using technologies like telepresence robots to consult physicians and specialists in other countries to deliver efficient and speedy healthcare services. This implies that the market for patient monitoring and assistance robots will see a surge during the forecast period.

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Technavios analysts forecast the global patient monitoring and assistance robots market to grow at a CAGR of 30.27% during the period 2017-2021.

Covered :
The report covers the present scenario and the growth prospects of the global patient monitoring and assistance robots market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of patient monitoring and assistance robots.

Segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Patient Monitoring and Assistance Robots Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Aethon
Anybots
Cyberdyne
KUKA Group
ReWalk Robotics

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Other prominent vendors
Awabot
Hstar Technologies
Kinova Robotics
Lamson Group
Panasonic
Revolve Robotics
Toyota Motor
Vecna Technologies

Key driver
Shortage of workforce in healthcare sector
For a full, detailed list, view our report

Key challenge
Business and regulatory challenges
For a full, detailed list, view our report

Key trend
Emergence of sophisticated handicap assistance robots
For a full, detailed list, view our report

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