Healthcare Humanoid Robot Market Trends

  • Report ID: 6565
  • Published Date: Oct 15, 2024
  • Report Format: PDF, PPT

Healthcare Humanoid Robot Market Trends

Growth Drivers

  • Mitigating understaffing in healthcare: According to the National Library of Medicine (NIH) nurses constitute 45% of all healthcare professionals in the practice, highlighting that understaffing is an evident priority problem faced by the present healthcare system. This need to reduce the workload of healthcare professionals and automation adoption in hospitals for patient care is anticipated to drive the healthcare humanoid robots market growth during the forecast period. The automation helps maintain high level of patient care while addressing the workforce gap, improving operational efficiency, and reducing burnout among healthcare workers. Additionally, these robots can assist in rehabilitation and support elderly patients, further enhancing the healthcare system’s capacity to handle the rising demand.
  • Progress in robotics and sensor technologies: Advances in AI, ML, and computer vision enable healthcare humanoid robots to perform complex tasks with greater precision and autonomy. Enhanced sensors allow robots to safely and effectively interact with patients. These developments not only improve the robots’ functionality in delivering care but also enhance their ability to assist with the targeted people. For instance, in December 2023, Touchlab introduced first-of-its-kind robot named Välkky telerobot, which allows clinicians to interact with patients remotely, as part of a Finnish hospital pilot. The robot is equipped with the most advanced electronic skin technology, controlled by operators wearing an electronic haptic glove. Product launches such as these are projected to boost the expansion of the market in upcoming years.

Challenges

  • Limited human-robot interaction (HRI) capabilities: Despite advancements in AI, robots still face difficulties in understanding and responding to complex human emotions, needs, and communication cues. This can impact their ability to provide personalized care, especially in sensitive healthcare settings where empathy and nuanced communication are essential. Ensuring that robots can interact naturally with patients, healthcare staff, and caregivers remains a significant hurdle for wider adoption. Hence, HRI remains a priority concern for the development and expansion of the healthcare humanoid robot market globally.
  • Integration with existing healthcare system: Many hospitals and clinics operate with legacy infrastructure and processes, making it difficult to incorporate advanced robotic systems without substantial changes in workflow and resource allocation. The cost of integration, coupled with the need for specialized training for healthcare professionals to effectively work alongside robots, adds to the complexity. Additionally, ensuring seamless data exchange between robots and existing electronic health record (HER) systems is a technical barrier that can slow down the adoption of humanoid robots in healthcare. 

Healthcare Humanoid Robot Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

16.7%

Base Year Market Size (2024)

USD 2.4 billion

Forecast Year Market Size (2037)

USD 15.3 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 6565
  • Published Date: Oct 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the healthcare humanoid robot market is over USD 2.4 billion.

The market size for the healthcare humanoid robot market is projected to reach USD 15.3 billion by the end of 2037 expanding at a CAGR of 16.7% during the forecast period i.e., between 2025-2037.

The major players in the market are Amy Group, Andromeda, Blue Frog Robotics, Cyberdyne Inc., Ekso Bionics, and others.

In terms of applications segment, the companionship segment is anticipated to garner the largest market share by 2037 and display lucrative growth opportunities during 2025-2037.

The market in North America is projected to hold the largest market share of 39.2% by the end of 2037 and provide more business opportunities in the future.
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