Market Overview:
The global caring patient robotic machine market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for patient assist robots and nursing support robots due to the rising geriatric population and growing prevalence of chronic diseases. In addition, the increasing adoption of robotics in healthcare settings is also contributing to the growth of this market. However, lack of reimbursement policies for robotic devices may restrain the growth of this market during the forecast period. Based on type, patient assist robots accounted for a larger share of the global caring patient robotic machine market in 2017. This segment is expected to grow at a CAGR of 11% during the forecast period from 2018 to 2030 due to rising demand for these robots across various applications such as hospitals, nursing homes, and others. Nursing support robot is another key type segmented in this market and it is projected grow at a CAGR close o 12%during th eforecast per iod .
Product Definition:
A caring patient robotic machine is a device that helps nurses care for patients. It can help with tasks such as turning patients, getting them out of bed, and providing basic hygiene. This type of machine is important because it allows nurses to focus on more important tasks, such as providing care and comfort to the patient.
Patient Assist Robot:
Patient assist robot, also called PA-R or Patient Assistance Robot is a type of automated wheelchair used to provide assistance to patients in hospitals and homes. It is an autonomous mechanical device that assists the patient by carrying out various tasks such as bathing, dressing, ambulation and others.
Nursing Support Robot:
Nursing support robot is a computer software or a machine which helps in carrying out daily nursing activities such as bathing, dressing, positioning and other basic care activities. It provides the patients with constant attention and assists them through various stages of illness. The robot has advanced sensors which help it to detect even the slightest movement making it an effective companion for the aged population who are vulnerable to infections due to lack of immunity.
Application Insights:
The hospital segment dominated the global caring patient robotic machine market in 2017. The application of these robots is increasing in hospitals due to various benefits such as increased mobility, reduced fatigue and improved hygiene. Furthermore, an increase in the number of surgeries has led to an increase in the need for CPMs that can assist surgeons during complex procedures thereby driving their adoption across hospitals.
Nursing homes are expected to be one of the fastest-growing segments over the forecast period owing to rising cases of chronic diseases among older people which require long-term care and assistance. According to data published by AHEAD (Aging Integrated Care Systems) Center for Health & Aging Services on October 25, 2016, there were approximately 685 thousand beds occupied by seniors across U.S., which was a 9% rise from 2014 and a 3% rise from 2010 respectively.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for cost-effective treatment options are some factors driving the growth. Moreover, rising preference for robot-assisted care over human assistance is also expected to drive regional growth during the forecast period.
Asia Pacific is anticipated to witness lucrative CAGR over the forecast period owing to growing awareness about such devices among patients and their families as well as healthcare providers in this region. Furthermore, government initiatives aimed at reducing hospital readmissions along with improving patient mobility are expected to fuel demand for patient care robots in this region during the projected timeframe ‰â€˜Global CareRobotics Initiative (GCR)‰â€™ was launched by Department of Health and Human Services (HHS).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily due to the increasing number of aging population, rising prevalence of obesity, and technological advancements in surgical procedures. The demand for robotic-assisted surgery is also growing rapidly as it offers several advantages over traditional open surgery such as smaller incisions, less pain and blood loss, shorter hospital stays, and faster recovery times.
- Growing use of robots in healthcare: Robots are increasingly being used in various areas of healthcare such as diagnostics, treatment planning & simulation, patient care & monitoring, rehabilitation & training therapy etc. This has led to the development of new robotic technologies specifically designed for healthcare applications which are helping improve patient outcomes while reducing costs. For instance, da Vinci Surgical System by Intuitive Surgical Inc., which is a robotically assisted surgical system that enables surgeons to perform complex operations through a few small incisions using miniature instruments controlled by joystick-like devices has revolutionized prostatectomies and other surgeries with its superior capabilities compared to traditional open surgery techniques .
Scope Of The Report
Report Attributes
Report Details
Report Title
Caring Patient Robotic Machine Market Research Report
By Type
Patient Assist Robot, Nursing Support Robot
By Application
Hospital, Nursing Home, Others
By Companies
RIKEN, TOYOTA, Yaskawa, Fraunhofer, IRobot, Cyberoye
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Caring Patient Robotic Machine Market Report Segments:
The global Caring Patient Robotic Machine market is segmented on the basis of:
Types
Patient Assist Robot, Nursing Support Robot
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Nursing Home, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- RIKEN
- TOYOTA
- Yaskawa
- Fraunhofer
- IRobot
- Cyberoye
Highlights of The Caring Patient Robotic Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Patient Assist Robot
- Nursing Support Robot
- By Application:
- Hospital
- Nursing Home
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Caring Patient Robotic Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Caring Patient Robotic Machine is a medical device that helps to improve the quality of life for patients with chronic conditions. The machine helps to automate certain tasks, such as bathing and dressing, which can help reduce the amount of time needed by patients to care for themselves.
Some of the major players in the caring patient robotic machine market are RIKEN, TOYOTA, Yaskawa, Fraunhofer, IRobot, Cyberoye.
The caring patient robotic machine market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Caring Patient Robotic Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Caring Patient Robotic Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Caring Patient Robotic Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Caring Patient Robotic Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Caring Patient Robotic Machine Market Size & Forecast, 2018-2028
4.5.1 Caring Patient Robotic Machine Market Size and Y-o-Y Growth
4.5.2 Caring Patient Robotic Machine Market Absolute $ Opportunity
Chapter 5 Global Caring Patient Robotic Machine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Caring Patient Robotic Machine Market Size Forecast by Type
5.2.1 Patient Assist Robot
5.2.2 Nursing Support Robot
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Caring Patient Robotic Machine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Caring Patient Robotic Machine Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Nursing Home
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Caring Patient Robotic Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Caring Patient Robotic Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Caring Patient Robotic Machine Analysis and Forecast
9.1 Introduction
9.2 North America Caring Patient Robotic Machine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Caring Patient Robotic Machine Market Size Forecast by Type
9.6.1 Patient Assist Robot
9.6.2 Nursing Support Robot
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Caring Patient Robotic Machine Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Nursing Home
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Caring Patient Robotic Machine Analysis and Forecast
10.1 Introduction
10.2 Europe Caring Patient Robotic Machine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Caring Patient Robotic Machine Market Size Forecast by Type
10.6.1 Patient Assist Robot
10.6.2 Nursing Support Robot
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Caring Patient Robotic Machine Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Nursing Home
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Caring Patient Robotic Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Caring Patient Robotic Machine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Caring Patient Robotic Machine Market Size Forecast by Type
11.6.1 Patient Assist Robot
11.6.2 Nursing Support Robot
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Caring Patient Robotic Machine Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Nursing Home
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Caring Patient Robotic Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America Caring Patient Robotic Machine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Caring Patient Robotic Machine Market Size Forecast by Type
12.6.1 Patient Assist Robot
12.6.2 Nursing Support Robot
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Caring Patient Robotic Machine Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Nursing Home
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Caring Patient Robotic Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Caring Patient Robotic Machine Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Caring Patient Robotic Machine Market Size Forecast by Type
13.6.1 Patient Assist Robot
13.6.2 Nursing Support Robot
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Caring Patient Robotic Machine Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Nursing Home
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Caring Patient Robotic Machine Market: Competitive Dashboard
14.2 Global Caring Patient Robotic Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 RIKEN
14.3.2 TOYOTA
14.3.3 Yaskawa
14.3.4 Fraunhofer
14.3.5 IRobot
14.3.6 Cyberoye
