healthcare companion robots market
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Global Healthcare Companion Robots Market Opportunities And Strategies 2023

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 Business Research Company’s healthcare companion robots market report forecasts the healthcare companion robots market size to grow to $10.82 Billion by 2027, with a CAGR (compound annual growth rate) of more than 20%.

Learn More On The Healthcare Companion Robots Market Report 2023 – https://www.thebusinessresearchcompany.com/report/healthcare-companion-robots-global-market-report

Healthcare Companion Robots Market Size Forecast
The global healthcare companion robots market is expected to grow from $4.32 billion in 2022 to $5.19 billion in 2022 at a compound annual growth rate (CAGR) of 20.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare companion robots market is expected to grow to $10.82 billion in 2027 at a CAGR of 20.1%.

North America held the largest healthcare companion robots market share.

Key Healthcare Companion Robots Market Driver ­– Rise In The Ageing Population
For example, in 2022, New York State is partnering with Intuition Robotics, an Israel-based software company, to provide such robots to nearly 500 people. The aged population is rapidly growing across the world and is expected to grow over the forecast period. By 2030, 1 out of 6 people will be aged 60 years or over in the world. The number of people aged 60 and above is expected to double by 2050. (2.1 billion). In 2050, there will be 426 million more people 80 or older than today. Therefore, the rise in the ageing population is expected to drive the growth of the healthcare companion robots market during the forecast period.

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Key Healthcare Companion Robots Market Trend – Technological Advancement
The manufacturers of healthcare companion robots are concentrating on the introduction of cutting-edge technologies that can meet the emotional and personal demands of patients. For example, in June 2021, Hanson Robotics, a Hong Kong-based robotics and engineering company, launched a new healthcare robot, Grace, to interact with those isolated by the COVID-19 pandemic and the elderly people. Also, in March 2022, Intuition Robotics, an Israel-based software company, launched ElliQ, a digital care companion. ElliQ is a healthcare companion robot which motivates old people to live healthier lives by accompanying them on their journey to age independently.

Healthcare Companion Robots Market Segment
1) By Type: Animal-like Robots, Humanoid Robots
2) By Age Group: Children, Adult, Geriatric

Healthcare Companion Robots Market Major Players and Strategies
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.

In January 2022, Furhat Robotics, a Sweden-based robotics company, acquired Misty Robotics for an undisclosed amount. With this acquisition, Furhat Robotics developed its operations base in the USA, and the deal enables its expansion and development of the robots. Misty Robotics is a US-based hardware company that builds personal robots for offices and homes.

The Healthcare Companion Robots Global Market Report 2023 covers regional data on healthcare companion robots market size, healthcare companion robots market trends and drivers, opportunities, strategies, and healthcare companion robots market competitor 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.

Healthcare companion robots refer to automated robots that perform pre-programmed automated tasks to enhance patient productivity and safety. These robots provide emotional support and companionship for the disabled people, children, and elderly. The healthcare companion robots engage with patients, improve therapy adherence and deliver personalized care.

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