Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)

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Analysis of ND Group’s Care Robot Development and Positioning - Current State and Future Prospects

Authors
Zien Sheng1, *
1Sun Yat-sen University, Zhuhai, China
*Corresponding author. Email: 2482516799@qq.com
Corresponding Author
Zien Sheng
Available Online 30 November 2023.
DOI
10.2991/978-94-6463-298-9_7How to use a DOI?
Keywords
Elderly Care; Care Robots; Competitive Advantage; Innovation
Abstract

This comprehensive analysis explores ND Group's groundbreaking venture into elderly care through the development of Care Robots, addressing internal dynamics, external market factors, and unique value propositions. Internally, ND Grou’'s Care Robot 3.0 offers a transformative advantage by reducing caregiver physical labor by over 90%, prioritizing safety, hygiene, and comfort. Externally, the market faces challenges of inadequate care facilities, overcrowding, caregiver shortages, and cost barriers. ND Group's Care Robot redefines elderly care, offering real-time monitoring and enhancing caregiving experiences. Challenges include regulatory compliance, market education, and adoption hurdles. To thrive, ND Group must align with regulations, educate the market, and overcome initial resistance. The future holds promise with a targeted education strategy, regulatory alignment, and a commitment to quality.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
30 November 2023
ISBN
10.2991/978-94-6463-298-9_7
ISSN
2352-5428
DOI
10.2991/978-94-6463-298-9_7How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zien Sheng
PY  - 2023
DA  - 2023/11/30
TI  - Analysis of ND Group’s Care Robot Development and Positioning - Current State and Future Prospects
BT  - Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)
PB  - Atlantis Press
SP  - 57
EP  - 64
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-298-9_7
DO  - 10.2991/978-94-6463-298-9_7
ID  - Sheng2023
ER  -