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Telepresence Robots Market to Undergo Significant Growth in Next Five Years – TechSci Research
Global Telepresence Robots Market
According to TechSci Research report, “Global Telepresence Robots Market By Component (Head v/s Body), By Type (Stationary v/s Mobile), By Application (Education, Healthcare, Enterprise, Homecare, Others), By Region, Forecast & Opportunities, 2025”, the market is anticipated to witness a significant CAGR during the forecast period owing to growing need for organizational efficiency and technological advancements in robotics and artificial intelligence. Moreover, increasing demand for telepresence robot from various sectors such as education, industrial, healthcare, personal, and manufacturing are also boosting the market growth. The outbreak of COID-19 has also positively influenced the growth of global telepresence robots market owing to increasing requirement from enterprises to deliver remote and virtual meeting. In addition to this, telepresence robots are also prominent in medical support where critical medical actions can be carried out in case of medical emergencies. With increasing investments and new product launches by major vendors, the global telepresence robots market is poised to grow substantially through 2025.
Furthermore, the low cost of telepresence robots due to availability of supporting devices is another key factor driving the market growth. Apart from this, the wide-level application from healthcare to residential sectors are expected to augment the growth of global telepresence robots market over the next five years. However, the market is also facing some challenges. High cost of installation and maintenance of telepresence robots are restraining the market growth. Moreover, technical glitches lead to operational failure thereby are likely to hamper the market growth.
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The global telepresence robots market is segmented based on component, type, application, and region. Based on type, the market can be bifurcated into stationary and mobile. Among them, the mobile segment is expected to grow significantly during the forecast period on account of their widespread application in various sectors such as defense & security, surveillance, among others.
Based on application, global telepresence robots market can be split into education, healthcare, enterprise, homecare and others. Among them, the healthcare segment is expected to dominate the market during the forecast period. The reason can be ascribed to growing geriatric population suffering from various chronic and infectious diseases but who wishes to live independently. These telepresence robots help in remote monitoring of such patients, provide them regular medicine reminders, helps them connect to doctors & nurses as per the requirement.
Leading players operating in the global telepresence robots market are Double Robotics, Inbot Technology, Suitable Technologies, Mantaro Networks, VGo Communications, InTouch Technologies, Qihan Technology, Amy Robotics, Anybots and SuperDroid Robots, among others. In April 2018, InTouch Technologies acquired REACH Health, a telemedicine software company. The acquisition further solidifies the leading position of InTouch Health as a telehealth partner of choice for hospitals and health systems. Moreover, manufacturers are developing advanced technologies and launching new services in order to stay competitive in the market. They are also undergoing competitive strategies such as mergers & acquisitions, strategic partnerships and collaborations to increase their market share in global telepresence robots market.
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“North America is expected to dominate the overall telepresence robots market during the forecast period owing to the early adoption of technologies in the region. Additionally, the presence of major players, advanced healthcare system and high per capita disposable income of the region are further propelling the market growth. Also, the presence of the defined regulations and the readiness of the end-user industry for upgrading the experience are also driving the growth of global telepresence robots market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Telepresence Robots Market By Component (Head v/s Body), By Type (Stationary v/s Mobile), By Application (Education, Healthcare, Enterprise, Homecare, Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of telepresence robots market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global telepresence robots market.
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