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Global Patient Monitoring and Assistance Robots Market 2017-2021

Global Patient Monitoring and Assistance Robots Market 2017-2021

About Patient Monitoring and Assistance Robots

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.

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

Covered in this report

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.

The market is divided into the following 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
Other prominent vendors
  • Awabot
  • Hstar Technologies
  • Kinova Robotics
  • Lamson Group
  • Panasonic
  • Revolve Robotics
  • Toyota Motor
  • Vecna Technologies
Market driver
  • Shortage of workforce in healthcare sector
  • For a full, detailed list, view our report
Market challenge
  • Business and regulatory challenges
  • For a full, detailed list, view our report
Market trend
  • Emergence of sophisticated handicap assistance robots
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Patient Monitoring and Assistance Robots Market 2017-2021

Technavio recognizes the following companies as the key players in the global patient monitoring and assistance robots market: Aethon, Anybots, Cyberdyne, KUKA Group, and ReWalk Robotics

Other Prominent Vendors in the market are: Awabot, Hstar Technologies, Kinova Robotics, Lamson Group, Panasonic, Revolve Robotics, Toyota Motor, and Vecna Technologies

Commenting on the report, an analyst from Technavio’s team said: “Over the last decade, the use of robots has increased not only in the manufacturing sector but also in the service sector such as healthcare. It has widened the scope of vendors in the robotics sector to increase their portfolio for each sector. Vendors are investigating opportunities to increase their market presence by differentiating their products from their competitors due to intense market competition. This has led vendors to increase their focus on R&D to provide highly customized products of superior quality that can efficiently meet the requirements of customers. Increased R&D by vendors also gives them the opportunity to develop cost-effective products that will boost their competitiveness in the market.”

According to the report, a major trend that will impact the growth of the patient monitoring and assistance robotics market is the miniaturization of sensors, which has happened over the years and is expected in the forecast period as well. This miniaturization has led to reduction in costs of sensors and in turn of robots. There have been innovations in mechatronic components as well, which is in tandem with the increased prevalence of information and communications technology (ICT). The software that enhances the capabilities of robotic systems is also more affordable for vendors. As the price of sensors continues to fall, there will be an emergence of more healthcare robots that can work collaboratively with humans to improve logistics, support, and monitoring of patients in healthcare facilities.

Further, the report states that the average price of a telepresence robot is approximately $2,000; hence, it is considered expensive, especially for personal utility purposes. Outreach programs such as rural schools and remote primary health care centers would also find it difficult to afford telepresence robots at these rates. Also, the maintenance costs of these machines in terms of servicing, electricity, and Internet connection will add significantly to the overall expenditure.

Companies Mentioned

Aethon, Anybots, Cyberdyne, KUKA Group, ReWalk Robotics, Awabot, Hstar Technologies, Kinova Robotics, Lamson Group, Panasonic, Revolve Robotics, Toyota Motor, Vecna Technologies.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Segmentation based on products
      • Table Segmentation based on geography
      • Table Countries considered for market analysis
    • Top-vendor offerings
      • Table Product offerings
    • Other prominent vendors
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Categorization of robots in healthcare
      • Table Drivers and challenges in healthcare robotic
      • Table Major innovations in medical robotics
    • Market size and forecast
      • Table Global patient monitoring and assistance robots market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global patient monitoring and assistance robots market by product 2016-2021
    • Global handicap assistance robots market
      • Table Factors influencing market growth in the developed and developing economies
      • Table Global handicap assistance robots market 2016-2021 ($ millions)
    • Global autonomous mobile transport robots market
      • Table Global autonomous mobile transport robots market 2016-2021 ($ millions)
    • Global daily care robots market
      • Table Global daily care robots market 2016-2021 ($ millions)
    • Global telepresence robots market
      • Table Global telepresence robots market 2016-2021 ($ millions)
  • Geographical segmentation
    • Global patient monitoring and assistance robots market by geography
      • Table Global patient monitoring and assistance robots market by geography 2016-2021
    • Patient monitoring and assistance robots market in Americas
      • Table Patient monitoring and assistance robots market in Americas 2016-2021 ($ millions)
    • Patient monitoring and assistance robots market in EMEA
      • Table Patient monitoring and assistance robots market in EMEA 2016-2021 ($ millions)
    • Patient monitoring and assistance robots market in APAC
      • Table Patient monitoring and assistance robots market in APAC 2016-2021 ($ millions)
  • Market drivers
    • Shortage of workforce in healthcare sector
    • Support from governments of developed countries
    • Increase in number of people with disabilities
    • Miniaturization of sensors
      • Table Expected fall in the average cost of sensors 2015-2020 ($)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High cost and low acceptance
    • Business and regulatory challenges
      • Table Regulatory bodies of different countries
    • Limitations of healthcare robots
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increased investment in robotics
    • Emergence of sophisticated handicap assistance robots
    • Increasing scope of telepresence robots
  • Vendor landscape
    • Competitive scenario
    • Competition analysis
      • Aethon
    • Anybots
      • Table Anybot: Product segmentation
    • Cyberdyne
    • KUKA Group
      • Table Product offerings in patient monitoring and assistance robots market: KUKA Group
    • ReWalk Robotics
  • Key takeaways
  • Appendix
    • List of abbreviation
  • Explore Technavio

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