Press release
Healthcare Companion Robots Market 2024-2033: Growth Trends & Competitive Landscape Analysis
The healthcare companion robots market size is expected to see rapid growth in the next few years. It will grow to $12.46 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%. The growth in the forecast period can be attributed to advancements in robotics and ai, personalized healthcare services, mental health awareness, enhanced rehabilitation support, cost-efficiency. Major trends in the forecast period include integration of ai, technological advancements, product innovations, strategic collaborations.
Market Overview -
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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Silver Wave Surge Healthcare Companion Robots Market Set To Flourish With Rising Ageing Population
Rise in the ageing population is expected to drive the growth of the healthcare companion robots market. With the rise in elderly population, there is increase in demand for companion robots as they are designed to stay closer to home and to take care of aged people. Governments of various countries are also taking initiatives to promote the use of healthcare companion robots. 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.
Competitive Landscape -
Major companies operating in the healthcare companion robots market report are Blue Frog Robotics SAS, ASUSTeK Computer Inc., Intuition Robotics Ltd., inGen Dynamics Inc., Intelligent System Co. Ltd., No Isolation AS, Luvozo Inc., Honda Motor Co. Ltd., Shanghai DFRobot Co. Ltd., Hanson Robotics Limited, Ubtech Robotics Corp. Ltd., Emotix Inc., Jibo Inc., Aeolus Robotics Inc., Sego Robotics Inc., Anthouse Technology Co. Ltd., Pawly Inc., Shenzhen SmartPaw Pet Product Co. Ltd., SYBO TECH Singapore Pte. Ltd., Stanley Black & Decker Inc., Catalia Health Inc., Care Coach Inc., Catalix Ltd., Diligent Robotics Inc., F&P Robotics AG, Giraff Technologies AB, Hasbro Inc., Hstar Technologies Company Ltd., Leka SAS
The Rise Of Advanced Technologies In Companion Robots
Technological advancement is a key trend in the healthcare companion robots market. 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.
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Key Segments -
The healthcare companion robots market covered in this report is segmented -
1) By Type: Animal-like Robots, Humanoid Robots
2) By Age Group: Children, Adult, Geriatric
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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