Robotic Nurses Market: By Product Type (Autonomous Mobile Robots, Independence Support Robots, Daily Care & Transportation Robots), By End-user ( Homecare Settings, Senior Care Facilities, Hospitals & Clinics ) and Geography

Robotic Nurses Market size is valued at USD 567.53 million in 2021 and expected to reach USD 1989.86 million by 2028, at a CAGR of 18.9% during the forecast period 2022-2028 Robotic nurses help patients move around and conduct simple tasks like collecting vital signs and administering medication. As a result, robotic nurses serve as bridges between doctors and patients over large distances. These robotic nurses assist aged and disabled patients with routine duties, communicate with patients, monitor patients, and gather patient records, among other things. In countries where healthcare staff are in short supply, these robots are also helping to reduce nurse-to-patient demographic ratios. As a reason, robotic nursing assistants offer basic benefits linked to patient safety lifting that are equal to those achieved from current traditional procedures, such as a lower occurrence of clinician workplace accidents, worker's compensation costs, and lost time. As the world's elderly population expands, the demand for robotic nurse assistants for various day-to-day tasks is growing. In 2016, 25 percent of Japan's population was over 65 years old, as per World Bank figures. Apart from the United States, over 15% of the global population is 65 or older, while more than 22% of the European population is 65 or older in 2016. Furthermore, major technological advancements, as well as increased research expenditure in healthcare robotics, are expected to enhance the need for robotic nurses in the years ahead. Furthermore, market expansion is likely to be restricted by factors including the high cost of robotic systems and safety concerns. Additionally, great advances in software programming abilities, as well as new vision and motion systems, are rapidly expanding the range of robotic systems. The latest robotic lab assistant can find that vessel and draw blood with the least amount of pain and worry possible. The robots in medicine and industry also prepare and administer medications. In larger installations, robotic carts deliver bed linens and sometimes even groceries from floor to floor, riding lifts and passing through automatic doors.