Global outlook of the patient monitoring and assistance robots market

Technavio’s market research analysts predict the global patient monitoring and assistance robots market to grow steadily during the forecast period and post an impressive CAGR of more than 30% by 2021. This industry research report identifies the shortage of workforce in the healthcare sector to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The shortage of nurses in hospitals and doctors with individual specialty has resulted in less availability of medical services, especially in the rural and remote regions across the globe. Analysts predict that due to the rise in number of aging professional caregivers, this shortage will continue in the coming years as well. To ensure the quality of services delivered to patients, healthcare facilities will start adopting technological improvements in robotics, consequently driving market growth in the coming years.

One of the major trends that will gain traction in the patient monitoring and assistance robots market is the increasing scope of telepresence robots. Telepresence robots enable the physician to avoid the barriers of distance and obtain the desired view of the patient. This will help physicians to precisely recommend the required treatment and surgical procedures to technicians. French medical institutions have already started adopting medical-center-based telemedicine networks that will connect their remote emergency rooms to major hospitals in Paris.

Competitive landscape and key vendors

The market consists of a number of well-established international healthcare robotics companies who generate their revenue through both direct and indirect sales channels. The competitive environment of the remote patient monitoring systems market is intense. Product features, pricing, customized solutions, and services offered are some of the major factors that vendors usually compete on. To sustain the competition and improve their market positions, the well-established vendors have started focusing on geographical expansion, increasing production capacities, and upselling products by upgrading the existing ones. With the increase in R&D innovations and M&A, the level of competition among the market players will further intensify in the coming years.

The leading vendors in the market are -

• Aethon
• Anybots
• Cyberdyne
• KUKA Group
• ReWalk Robotics

The other prominent vendors in the market are Awabot, Hstar Technologies, Kinova Robotics, Lamson Group, Panasonic, Revolve Robotics, Toyota Motor, and Vecna Technologies.

Segmentation by product and analysis of the patient monitoring and assistance robots market

• Handicap assistance robots
• Autonomous mobile transport robots
• Daily care robots
• Telepresence robots

During 2016, the handicap assistance robots segment accounted for the major share and dominated the remote patient monitoring systems market. Technological advancements and increasing support from the governments of developed countries in the Americas and EMEA will fuel the growth of this market segment. Additionally, the investments from the Asian countries such as Japan, South Korea, and China towards the adoption of robotics in the healthcare sector will also fuel the growth prospects of the patient monitoring and assistance robots market in this segment.

Geographical segmentation and analysis of the patient monitoring and assistance robots market

• Americas
• APAC
• EMEA

According to this market research and analysis, the Americas will be the major revenue contributor to the remote patient monitoring systems market throughout the predicted period. The US is the major country in the region in terms of healthcare spending. The increasing pressure from the US government towards improving the healthcare facilities and infrastructure will boost the growth of the patient monitoring and assistance robots market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global patient monitoring and assistance robots market?
• What are the key market trends impacting the growth of the global patient monitoring and assistance robots market?
• What are the challenges to market growth?
• Who are the key vendors in the global patient monitoring and assistance robots market?
• What are the market opportunities and threats faced by the vendors in the global patient monitoring and assistance robots market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global patient monitoring and assistance robots market?

Technavio also offers customization on reports based on specific client requirement.

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