Carebots Market Segmentation:
By Population Split (Disabled
population, Geriatric population, Bariatric population); By End-Users (Hospitals,
Home care setting, Research Institutes)
Carebots Market Insights
The
global carebots market is anticipated to grow at a high CAGR over the forecast
period. The market is expected to be influenced by factors such as increasing technological
innovations coupled with growing research funding in healthcare robotics, and rising
trend of artificial intelligence in healthcare.
Carebots
are developed by the researchers to reduce high patient to nurse ratios and
streamline other factors including lack of experienced staffs and insufficient
time to monitor patients. It also aids in enhancing the working condition of
nurses by reducing their workload, hence eliminating the risk for self-injury
and patient injury.
However,
factors such as high cost of robotic systems coupled with safety concerns are
likely to hinder the market growth to a certain extent. The rapid growth in the
ageing population is considered to be one of major drivers of the overall
carebots market.
Carebots Market: Population Split Insights
The
global carebots market is divided into disabled population, geriatric
population, and bariatric population, based on population split. Geriatric
population segment is anticipated to hold significant share in the overall
market due to high adoption of carebots by ageing population. These bots are
also used in a number of other applications including gathering of patient
data, intensive patient care, and assistance in routine tasks.
Carebots Market: End-Use Insights
The
global carebots market is segmented into hospitals, home care setting, research
institutes, based on end-users. Carebots are widely used in homecare settings
wherein the elderly population can live comfortably at their respective places without
the need to rely on costly hospitals and nursing homes. These bots are
efficient in performing daily tasks such as monitoring blood sugar and pressure
levels. Carebots or Nursebots are further anticipated to improve the efficiency
and quality of care that nurses & other professional staffs offer, thereby
influencing the market growth.
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Carebots Market:
Regional Insights
The
market in Asia Pacific accounted for a substantial share in 2016 and is further
anticipated to grow at a high CAGR over the coming years. Japan is considered
as the major revenue contributor of the overall regional market due to its
increased spending in the service robotics sector. The spending in Japan is
further likely to increase exponentially over the coming years. The increasing
ageing population in Japan is expected to positively influence the market
growth.
Increasing
geriatric population in North America is also projected to stimulate the market
growth. Latest advancements in technologies are made in order to maintain the
ratio of nurses to patient’s population, hence boosting the regional growth. Europe
is also expected to experience a sharp rise in the revenue due to increased
installations and development of robotic nurses.
Other
regions including Central & South America and Middle East & Africa are
also projected to grow at a considerable rate attributing to increasing elderly
population, thereby stimulating the demand for carebots and other automated
devices.
Carebots Market:
End-Use Landscape
The
end-use landscape entails a list of current and prospective consumers
prevailing across the regions. This section provides company addresses, contact
details, products, and regional presence of companies who are purchasing or are
likely to purchase carebots over the coming years. Some leading consumers of
this market are Fortis Memorial Research Institute, Johns Hopkins Hospital, and
Palomar Medical Center among others.
Carebots Market: Vendor Landscape
The report contains a chapter dedicated to vendors
operating in the market, covering raw material manufactures, equipment
developers, manufacturers, and distributors. The report provides these insights
on a regional level. This section of the report entails contact details,
experience, products manufactured/supplied, and geographical presence of
companies.
Carebots Market Share & Competitor
Analysis
Some of the players operating in the global carebots market
include RIKEN-TRI Collaboration Center for Human-Interactive Robot Research, GeckoSystems
International Corporation, Hitachi, Hstar Technologies, JoiceCare AB, Fraunhofer
IPA, and Georgia Tech among others.
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