Good news for dementia patients! New robots can help find lost items [With analysis of the medical robot industry]

Engineers at the University of Waterloo have developed a new robot that can be programmed to help people with dementia find medicines, glasses, phones and other lost items.

Engineers have successfully used artificial intelligence to create a new type of artificial memory. Starting with a robotic arm with a camera, the research team used object detection algorithms to program the robot to detect, track and save a memory log of specific objects in its camera through stored video. The researchers then developed a graphical interface that enables users to select the objects they want to track and, after entering the object's name, search for them on a smartphone app or computer.

Researchers say tests show the system is highly accurate and could help the growing number of people suffering from dementia.

In recent years, the intelligent development of the medical industry has shown a trend of continuous upgrading, and the intelligent upgrading of medical devices has become an important focus of development. Promoted by various factors such as policy and technology, medical robots are experiencing a rapid development stage. Since 2017, the industry growth rate has remained above 30%, and the market size has grown from less than 3 billion yuan in 2017 to 7.96 billion yuan in 2021.

As China’s aging population increases, the demand for medical robots is also increasing. As the dual factors of national policy support and market demand growth will drive the scale of the medical market to further expand, medical robots and the medical service industry will usher in a new era. With new development opportunities, it is expected that the domestic medical robot market will reach US$4.1 billion by 2026.

Qianzhan Industry Research Institute believes that with the continuous introduction of favorable policies, the social pressure of aging on the assistance and care of the elderly, and the lack of highly qualified medical staff, my country's medical robot industry has huge room for future development. Robots will become the cutting-edge development direction of medical tools and methods in our country.

Foresight Economist APP Information Group

For more detailed research and analysis of this industry, please see the "2023-2028 China Medical Robot Industry Market Prospects and Investment Planning Analysis Report" of the Qianzhan Industry Research Institute. At the same time, the Qianzhan Industry Research Institute also provides industrial big data, industry research, policy research, and industry Solutions including chain consulting, industry map, industry planning, park planning, industry investment guide, IPO fundraising feasibility study, IPO business and technology writing, IPO working paper consultation and other solutions.

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