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Healthcare Companion Robots Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Healthcare Companion Robots Market
As per the report, the healthcare companion robots market size has grown exponentially in recent years. It will grow from $5.17 billion in 2023 to $6.23 billion in 2024 at a compound annual growth rate (CAGR) of 20.4%. 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%.
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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.
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.
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
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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
Contents of the report:
1. Executive Summary
2. Healthcare Companion Robots Market Report Structure
3. Healthcare Companion Robots Market Trends And Strategies
4. Healthcare Companion Robots Market - Macro Economic Scenario
5. Healthcare Companion Robots Market Size And Growth
…..
27. Healthcare Companion Robots Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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