Overview Of The Healthcare Companion Robots Market 2023-2032: Growth And Major Players Analysis
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global healthcare companion robots market is projected to rise from $4.32 billion in 2022 to $5.19 billion in 2022, with a 20.2% CAGR. By 2027, it is anticipated to reach $10.82 billion, showing a 20.1% CAGR.
North America was the largest region in the healthcare companion robots market share in 2022.
Healthcare Companion Robots Market Driver
The healthcare companion robots market is poised to expand due to the aging population. With more elderly individuals, there’s a rising demand for these robots designed to assist and stay with seniors at home. Governments worldwide are also promoting healthcare companion robot usage. For example, in 2022, New York State partnered with Israel-based software company Intuition Robotics to provide such robots to about 500 people. The global elderly population is growing rapidly; by 2030, one in six individuals will be aged 60 or older, with the number doubling by 2050 to 2.1 billion. Additionally, the population aged 80 and older will increase by 426 million by 2050. Hence, the aging population’s growth is set to propel the healthcare companion robots market during the forecast period.
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Prominent Healthcare Companion Robots Market Trend
Technological advancement is a prominent trend in the healthcare companion robots market. Manufacturers focus on introducing advanced technologies catering to patients’ emotional and personal needs. In June 2021, Hong Kong-based Hanson Robotics unveiled Grace, a healthcare robot for COVID-19 isolation and elderly care. Additionally, in March 2022, Israel-based Intuition Robotics launched ElliQ, a digital care companion motivating seniors to lead healthier, independent lives.
Healthcare Companion Robots Market Prominent Players
Major players in the healthcare companion robots market are Blue Frog Robotics, ASUS Zenbo, intuition robotics, inGen Dynamics, PARO, Black+Decker (Pilo Robots), AvatarMind, Emotix, Zora Bots, Luvozo, Honda Robotics, DFRobot, Hanson Robotics, Ubtech, Emotix, Jibo, Aeolus Robotics, Sego Robotics, Anthouse Technology, Pawly, SmartPAw, and Sybo Tech.
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Key Healthcare Companion Robots Market Segments
The global healthcare companion robots market is segmented –
1) By Type: Animal-like Robots, Humanoid Robots
2) By Age Group: Children, Adult, Geriatric
The Healthcare Companion Robots Global Market Report 2023 provides a comprehensive overview on the healthcare companion robots market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the healthcare companion robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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