Press release
Navigating the Future: Healthcare Companion Robots Market Trends and Forecast Insights, 2025 Edition
Healthcare Companion Robots Market
Healthcare Companion Robots Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant expansion in the market size of healthcare companion robots. The market, which stood at $6.18 billion in 2024, is predicted to rise to $7.43 billion by 2025, showing a compound annual growth rate (CAGR) of 20.1%. Factors contributing to this growth during the historic period include acceptance and incorporation, its uses in education and therapy, enhanced interaction between humans and robots, labor deficiencies in the healthcare sector, and the reduction in direct human contact.
How Will the Healthcare Companion Robots Market Size Evolve and Grow by 2029?
Expectations are high for the swift expansion of the healthcare companion robots market in the upcoming years. The market forecast predicts a surge to $14.67 billion by 2029, attaining a compound annual growth rate (CAGR) of 18.5%. The projected growth in this period is mainly due to breakthroughs in robotics and artificial intelligence, tailored healthcare services, heightened awareness around mental health, improved rehabilitation support, and cost-efficiency. Major trends for the forecasted period encompass the integration of artificial intelligence, technological progress, product innovations, and strategic alliances.
View the full report here:
https://www.thebusinessresearchcompany.com/report/healthcare-companion-robots-global-market-report
What Drivers Are Propelling the Growth of Healthcare Companion Robots Market Forward?
The growth of the healthcare companion robots market is anticipated to be fueled by the increasing elderly population. The demand for companion robots, which are specifically created to assist and remain close to older people, is growing in tandem with the ageing population. Notably, several governments worldwide have begun endorsing the implementation of healthcare companion robots, such as New York State's collaboration in 2022 with Israeli software company Intuition Robotics to provide said robots to approximately 500 individuals. Globally, the elderly population continues to rise at a swift pace and anticipated growth is projected over the forecast period. By 2030, seniors will comprise one sixth of the world's population, with the population of individuals aged 60 and over expected to double by 2050, reaching 2.1 billion. In 2050, there will be an increment of 426 million people aged 80 or older compared to today. Consequently, the escalating elderly population is predicted to engender the expansion of the healthcare companion robots market throughout the forecast period.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8225&type=smp
Which Emerging Trends Are Transforming the Healthcare Companion Robots Market in 2025?
Leading enterprises in the healthcare companion robot market are emphasizing on innovative technologies such as advanced sensors to boost patient monitoring, enhance interaction capabilities, and offer personalized healthcare solutions. These advanced sensors are sophisticated instruments that collect and process intricate data from their surroundings, and often incorporate technologies like AI and IoT for heightened functionality and precision. For example, in February 2023, Elephant Robotics Technology Co., Ltd, a Chinese firm specializing in robot research and development, introduced a product called MetaCat. This device is fitted with numerous touch sensors, voice recognition features, and expressive LED lights. These attributes enable the device to mimic a cat's purring sounds, meows, and eye movements, which amplify its realistic features.
What Are the Key Segments in the Healthcare Companion Robots Market?
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
Subsegments:
1) By Animal-Like Robots: Robotic Pets, Therapy Animals, Interactive Animal Simulators
2) By Humanoid Robots: Social Companion Robots, Assistance Robots For Elderly Care, Rehabilitation Robots
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=8225&type=smp
Who Are the Key Players Shaping the Healthcare Companion Robots Market's Competitive Landscape?
Major companies operating in the healthcare companion robots market are Blue Frog Robotics SAS, Intuition Robotics Ltd., inGen Dynamics Inc., No Isolation AS, Luvozo Inc., Honda Motor Co. Ltd., Hanson Robotics Limited, Ubtech Robotics Corp. Ltd., Emotix Inc., Aeolus Robotics Inc., Catalia Health Inc., Care Coach Inc., Diligent Robotics Inc., F&P Robotics AG, Giraff Technologies AB, Hstar Technologies Company Ltd., Leka SAS, iRobot, SoftBank Robotics, Toyota, Paro Robots, Savioke, Nuro, Temi
What Geographic Markets Are Powering Growth in the Healthcare Companion Robots Market?
North America was the largest region in the healthcare companion robots market share in 2024. The regions covered in the healthcare companion robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8225
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Navigating the Future: Healthcare Companion Robots Market Trends and Forecast Insights, 2025 Edition here
News-ID: 4085145 • Views: …
More Releases from The Business Research Company
Key Trends Influencing the Growth of the Rocket Launch Environmental Control Mar …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Rocket Launch Environmental Control Market Through 2025?
There has been a substantial growth in the market size for rocket launch environmental control in recent years. The valuation of the market is projected to surge from $1.75 billion in 2024 to $1.90…
Major Growth Driver Identified in 2025 Rocket Inertial Measurement Units Market: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Rocket Inertial Measurement Units Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the market size for rocket inertial measurement units has seen considerable expansion. The market is predicted to grow from $2.02 billion in 2024 to $2.17 billion in 2025, with a…
Growing Commercial Space Launches Fueling The Growth Of The Market Due To Increa …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Rocket Grid Fin Market Size Growth Forecast: What to Expect by 2025?
The market for rocket grid fins has seen a steep rise in recent years. This market is projected to escalate from $1.52 billion in 2024 to $1.66 billion in 2025, marking a compound annual growth rate (CAGR)…
Key Factor Supporting Rocket Fuel Efficiency Systems Market Development in 2025: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Rocket Fuel Efficiency Systems Market Size By 2025?
There has been a robust expansion in the market size of rocket fuel efficiency systems in the past few years. The market value, which stands at $8.66 billion in 2024, is projected to swell to $9.28…
More Releases for Robots
Fully Autonomous Robots: Revolutionizing the Construction Robots Market
The construction industry is on the cusp of a technological revolution, driven by the rise of robotics and automation. Within this rapidly evolving landscape, fully autonomous robots are emerging as a game-changer, poised to reshape how we design, build, and maintain our built environment. These robots leverage cutting-edge technologies like artificial intelligence (AI), machine learning, and advanced sensors to perform tasks with minimal human intervention, leading to increased efficiency, safety,…
Warehouse Robotics Market 2023| Bases on Products- Mobile Robots, Articulated Ro …
The Warehouse Robotics Market is a dynamic and growing segment within the food industry, characterized by the production and distribution of freshly made pasta products. With consumers increasingly seeking high-quality, artisanal, and convenient meal options, the Warehouse Robotics market has witnessed a surge in demand. It encompasses a wide range of pasta varieties, from traditional favorites like spaghetti and fettuccine to innovative, gourmet creations. The market's scope extends across both…
Pharmaceutical Robots Market 2021 Scope by Type (Traditional Robots (Articulated …
Pharmaceutical Robots Market report has been structured after a thorough study of various key market segments like market size, latest trends, market threats and key drivers which drives the market. This market study report has been prepared with the use of in-depth qualitative analysis of the global market. The report displays a fresh market research study that explores several significant facets related to Pharmaceutical Robots Market covering industry environment, segmentation…
Packaging Robots : Robots that Make Packaging Easier
Packaging robots are robotics system used for packaging purposes and reduce labor cost and package time. These packaging robots are flexible and can easily integrate into workspace. Packaging robots are type of industrial robots are used for packaging applications in manufacturing facilities for operations such as filling, primary packaging, placing, picking, palletizing, and de-palletizing.
Packaging robots provide a variety of benefits including reduced part package time, labor cost reduction, and…
Emotional Therapy Robots Market Key Players - BeatBotsPARO RobotsSoftbank Group, …
"Emotional Therapy Robots Market Overview: Introduction
Decisive Markets Insights brings out report on Global Emotional Therapy Robots Market. The comprehensive report presents clear foresight of the booming market owing to the expanding consumer base and technological advancement. Experts predicts the business to grow at a value of USD xx billion during 2020 – 2025 at a steady compounded annual growth of rate (CAGR) of x%, over the…
Global Medical Robots Market (Surgical Robots, Rehabilitation Robots, Telepresen …
The new and innovative report of the Medical Robots Market research has been published by Report Consultant to give desired insights to drive the growth of businesses. The report comprises the summarized data of the current scenario as well as predictions about the upcoming trends.
A medical robot is a robot used in the medical sciences. They include surgical robots. These are in most tele-manipulators, which use the surgeon's actions on…
