CAREBOTS MARKET SIZE, TRENDS & ANALYSIS – FORECASTS TO 2025

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing CAREBOTS MARKET.
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.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS 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. 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 patients
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.
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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
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/suppli
ed, 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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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• The report segments the CAREBOTS MARKET on the
  basis of By Population Split
• Disabled population
• Geriatric population
• Bariatric population
• By End-Users
• Hospitals
• Home care setting
• Research Institutes
• By Region
• North America
• Europe
• Asia Pacific
• Central South America

This article contains text from the CAREBOTS
MARKET SIZE, TRENDS ANALYSIS FORECASTS TO
2025 report prepared by Global Market Estimates.
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