Robotic Nurse Assistant Market Is Advancing At An Exceptional CAGR Of 19.9% By 2025: Grand View Research, Inc

Robotic Nurse Assistant Market Is Advancing At An Exceptional CAGR Of 19.9% By 2025: Grand View Research, Inc

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global robotic nurse assistant market size was valued at USD 389.7 million in 2018 and is projected to grow at a CAGR of 19.9% over the forecast period.

The global robotic nurse assistant market size is expected to reach USD 1,642.2 million by 2026, according to a new report by Grand View Research, Inc. Rising geriatric population and decrease in the nurse-to-patient population are some of the factors contributing to the growth of robotic nurse assistant in the coming years. Rising research funding in healthcare robotics is expected to drive the demand for robotic nurse assistant over the forecast period.

Independence support robots dominated the product type segment with a market share of 42.7% in 2018. Growing geriatric population requiring continuous nursing assistance has increased the demand for independence support robots. On the other hand, daily care & transportation robots segment is expected to witness the fastest CAGR between 2019 to 2026. The ability to automate repetitive tasks with great accuracy is one of the major factors driving the growth of this segment.

Hospitals and clinics dominated the end-use segment in 2018, with a revenue of USD 182.4 million and are expected to remain the largest segment over the forecast period. Senior care facilities segment is anticipated to witness the fastest growth, with a CAGR from 2019 to 2026 owing to the rising need for intensive patient care to the elderly and disabled population.

North America dominated the robotic nurse assistant market with the revenue share of 40.5% in 2018, owing to higher economic capabilities of hospitals and clinics to invest in robotic nurses. This region is anticipated to witness lucrative growth due to its expanding geriatric population, which is directly responsible for the rising demand for robotic nurse assistants. The U.S. dominates the North America market with 87.8% revenue share in 2018. High healthcare expenditure and well-established healthcare infrastructure are some major factors driving the demand for robotic nurse assistant in this region between 2019 to 2026.

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U.S. robotic nurse assistant market, by product type, 2015 - 2026 (USD Million)

Key Takeaways from the report:

  • North America accounted for the largest revenue share 2018, owing to factors such as large geriatric population and rising need to maintain the ratio of nurses to patient’s population
  • Independent support robots segment dominated the product segment in 2018 owing to rising funding for the development of nurse assisting robots
  • Hospitals and clinics segment dominated the market with a revenue of USD 182.4 million due to growing adoption of healthcare robots for supporting elderly population
  • Some of the key market players in this market are Hstar Technologies, Diligent Robotics, Toyota Motor Corporation, RIKEN-SRK, SoftBank Robotics, Panasonic, Fraunhofer IPA, Aethon and others.

Robotic nurse assistant market share, by region, 2018 (%)

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Grand View Research has segmented the global robotic nurse assistant market on the basis of product type outlook, end use outlook, and regional outlook:

Product Outlook (Revenue USD Million, 2015 – 2026)

  • Independence Support Robots
  • 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
    • 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
    • South Africa
    • Saudi Arabia
    • UAE

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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