Market Trends of North America Service Robotics Industry
This section covers the major market trends shaping the North America Service Robotics Market according to our research experts:
The Growing Demand of Service Robots in Healthcare Sector Aids in Market Growth
- The North America Service market is growing at a fast pace. Service robotics is increasingly in use in the healthcare sector. They are used for a variety of reasons in healthcare, especially to assist in the operations of taking care of patients.
- The healthcare sector in this region varies in different countries. The majority of the healthcare providers in the USA belong to the private sector. According to AHA Hospital Statistics, 2021 edition, more than 57% of the hospitals are non-profit, and only around 18% are government-owned, and the rest is for profit. U.S. health care spending grew 4.6 % in 2019, reaching USD 3.8 trillion or USD 11,582 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 17.7 %.
- In Canada, the majority of the healthcare sector is publicly funded, which is helpful for the citizens to get access to basic and advanced healthcare. This huge healthcare market is increasing, and the demand for robotics will increase in the period to come. The USA market has a higher percentage of demand compared to the Canadian market in this region.
- Moreover, the growth in the aging population and nursing staff shortage is driving the need for the provision of care for the elderly. As technology advances, clinicians and scientists are looking to robotics and other sensor-based technologies to aid caregivers in providing decent care services for older adults.
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United States to Witness High Adoption of Service Robots
- The rush to add robots is part of a larger upswing in investment as companies in North America seek to keep up with strong demand, which in some cases has contributed to shortages of key goods.
- At the same time, many firms have struggled to lure back workers displaced by the pandemic and view robots as an alternative to adding human muscle to their assembly lines.
- Investment in research and development in the United States is aiding the invention of the service robot market amongst all sectors of industries. The service robot industry in the country is largely benefited by the developed sensor network and AI and machine learning capabilities of industries.
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