Robotic Care Device Market in Japan: Key Research Findings 2018
Yano Research Institute (the President, Takashi Mizukoshi) has conducted a survey on the robotic care device market for FY2018 and has found out the trends by type, the trends of market players, and the future outlook.
The robotic care device market for FY2017 shrank to 1,434 million yen, 85.3% of the size of the previous fiscal year, based on the shipment value at manufacturers. Since the project led by the government has completed for a time by the end of FY2016, the shipment of some types of robotic care devices have decreased. Although positive growth was able to be seen in other types, the market as a whole ended up as a scale-down. The robotic care device market for FY2018 is expected to turn for the better to expand the market size of every type, recovering to reach 1,932 million yen, 134.7 % of the size of the previous fiscal year.
Currently, those companies that had experienced the government-led development, demonstration, and promotion for introduction are at the stage of trying to increase the users of robotic care devices by themselves. At such enterprises, the second-generation products have been developed to be released soon. On the other hand, now that robotic care devices have actually become accepted, more companies are expected to enter the market.
Many of robotic care devices face competitive relationships with existing products. Although robotic care devices have an overall advantage in alleviating the burden for the users they also have a disadvantage of higher prices than the existing products.
Since the market of robotic care devices has shorter history, some types of devices have yet to release enough number of products. It deeply depends on the situations in the users’ side to consider the price of the devices. Currently, it is at the stage where the first versions of the second-generation products have been released and where advantages and disadvantages of such products coexist. It is at the important starting line of how the devices are to be evolved for the future.
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