Press release
Soaring Demand Set to Propel Smart Hospital Wayfinding Robot Market to $1.86 Billion by 2029
Smart Hospital Wayfinding Robot Market
What Is the Expected CAGR for the Smart Hospital Wayfinding Robot Market Through 2025?
The market for intelligent robots designed for hospital navigation has experienced swift expansion lately, projected to increase from a value of $0.86 billion in 2024 to reach $1.00 billion by 2025, reflecting a compound annual growth rate (CAGR) of 17.1%. This historical period of expansion is largely thanks to the increasing requirement for navigation aids that are easy for patients to use, the wider integration of automated systems within healthcare settings, a heightened emphasis on lowering the burden on personnel and reducing operational expenditures, greater capital infusion into the digital frameworks of hospitals, and the burgeoning necessity for streamlined patient traffic control.
What's the Projected Size of the Global Smart Hospital Wayfinding Robot Market by 2029?
Projections indicate a swift expansion for the smart hospital wayfinding robot sector in the approaching years, with the market anticipated to reach a valuation of $1.86 billion by 2029, reflecting a compound annual growth rate of 16.7%. This forthcoming period of growth is fueled by several key factors, notably the heightened attention directed towards boosting hospital operational effectiveness and optimizing resource allocation, the increasing implementation of self-governing robots designed to aid patients, the surging demand for precise, real-time navigation and location services within medical facilities, the broader uptake of cloud-based healthcare platforms, and a growing commitment to infection management facilitated by technologies that minimize physical contact. Key developments shaping this timeframe involve the incorporation of artificial intelligence-driven support capable of handling multiple languages and voice commands, progress in autonomous movement and spatial mapping capabilities, the seamless linkage with electronic health record systems to deliver customized directions, enhancements in how humans and robots interact to foster better patient involvement, and the convergence of these robots with hospital-specific mobile applications and Internet of Things hardware.
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Top Growth Drivers in the Smart Hospital Wayfinding Robot Industry: What's Accelerating the Market?
Anticipation suggests that the rising focus on delivering care tailored to individual patients will fuel the expansion of the smart hospital navigation robot sector moving ahead. This individualized care model centers on honoring each patient's distinct requirements, preferences, and principles across the entire healthcare journey. Enhanced patient autonomy, stemming from superior information accessibility that empowers individuals to actively engage in choosing their treatment paths, underpins this trend toward patient-centricity. Specifically, intelligent robots designed for hospital navigation contribute to this approach by mitigating anxiety and disorientation associated with traversing intricate medical facilities, thereby enabling patients to concentrate more intently on their recuperation and personal comfort. Illustratively, data from a July 2023 inquiry by the National Health Service, a governmental body in the United Kingdom, revealed that 90.3% of patients felt they had a say in their treatment choices, marking an increase from 89.9% recorded the year prior, with trust and assurance in their medical providers remaining high at 93.0%, matching the preceding year's figure; consequently, this greater dedication to person-focused treatment acts as a catalyst for the market advancement of smart hospital wayfinding robots.
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What Trends Will Shape the Smart Hospital Wayfinding Robot Market Through 2029 and Beyond?
Key players within the smart hospital navigation robot sector are prioritizing sophisticated advancements, notably medicine delivery robots, with the goals of boosting operational effectiveness, lessening the burden on personnel, elevating the standard of patient support, and making medication distribution across medical settings smoother. These autonomous medication carriers navigate hospitals to improve throughput, ease the responsibilities of staff, and guarantee medications reach patient zones promptly; specifically, in July of 2023, Changi General Hospital Pte Ltd, located in Singapore, unveiled a trio of robots: Edi the Robotic Navigator served patient guidance needs, MEDi the Smart Medicine-Delivery-on-Wheels efficiently managed pharmaceutical transport, and BLANKi the Blanket Delivery Robot was brought in to augment patient comfort and decrease the demands placed on Emergency Department staff, with the collective mission of refining efficiency, smoothing out workflows, and furnishing an improved general experience for both patients and guests, further evidenced by the facility's intention to incorporate these systems across more of its grounds to further refine healthcare provisions; initial reactions from both hospital personnel and those receiving care have been encouraging, illustrating the potential for robotics to revolutionize patient treatment.
What Are the Main Segments in the Smart Hospital Wayfinding Robot Market?
The smart hospital wayfinding robotmarket covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Technology: Artificial Intelligence-Based, Sensor-Based, Radio Frequency Identification, Other Technologies
3) By Application: Patient Navigation, Visitor Assistance, Asset Tracking, Emergency Response, Other Applications
4) By End-User: Hospitals, Clinics, Specialty Centers, Other End-Users
Subsegments:
1) By Hardware: Display Screens, Sensors, Wheels And Motors, Cameras, Battery Systems
2) By Software: Navigation Management, Voice Recognition, Mapping And Localization, User Interface, Data Analytics
3) By Services: Installation Services, Maintenance Services, Training Services, Technical Support, Software Updates
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Which Top Companies are Driving Growth in the Smart Hospital Wayfinding Robot Market?
Major companies operating in the smart hospital wayfinding robot market are LG Electronics Inc., Panasonic Corporation, Singapore Technologies Engineering Ltd., Keenon Robotics Co. Ltd., Changi General Hospital Pte Ltd., UBTech Robotics Corp., SoftBank Robotics Group Corp., CenTrak Inc., Yujin Robot Co. Ltd., Pudu Robotics Co. Ltd., OrionStar Technology Co. Ltd., Pointr Ltd., Ateago Technology Co. Ltd., Bivocom Co. Ltd., PAL Robotics S.L., Robotlab Ltd., Botzee Inc., RIFE TECHNOLOGIES, PredictML Inc., and iHub Robotics.
Which Regions Will Dominate the Smart Hospital Wayfinding Robot Market Through 2029?
North America was the largest region in the smart hospital wayfinding robot market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart hospital wayfinding robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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