The global Medical Telepresence Robots market gathered revenue around USD 40.11 Million in 2020 and market is set to grow USD 160.1 Million by the end of 2027 and is estimated to expand at a modest CAGR of 19.1% during the prediction period 2021 to 2027.
The factors contributing to the growth of the market are the growing adoption of telepresence robots in the healthcare sector, product innovations, and the development of medical robotics. The rising prevalence of chronic diseases and the increasing geriatric population are propelling the demand for telepresence robots for regular monitoring and consultation from remote locations. Moreover, the Covid-19 pandemic had further boosted the demand for telepresence robots, especially in healthcare facilities. For instance, the InTouch Health Robot Vici was used by the Providence Regional Medical Center in Everett, Washington, to aid the virtual presence and communication between doctors and patients. Key market players are further investing in R&D to cater to the growing demand to ensure the introduction of telepresence robots with innovative medical features.
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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Medical Telepresence Robots Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Medical Telepresence Robots market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.
The report includes thorough compilation of the quantitative analysis of the industry for the period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period. This study includes a widespread analysis of the key segments of the industry. This analysis sheds light in the current trends and opportunities in the global Medical Telepresence Robots market.
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Medical Telepresence Robots Market Report Highlights
- Based on type, the mobile segment dominated the market in 2020 owing to the features such as autonomous navigation, adjustable height, head motion, and obstacle avoidance that enable smooth and efficient delivery of services and virtual monitoring
- On the basis of component, the camera segment dominated the market in 2020 due to the fact that its operations are essential for the working and functioning of the robot
- In terms of end use, hospitals and assisted living facilities held the largest share in 2020 owing to the increase in the adoption of robotics in the healthcare sector and the development of features specifically for healthcare such as ultrasound imaging machines and digital stethoscopes
- In 2020, North America dominated the market due to the higher adoption of artificial intelligence and robotics in the healthcare sector, growing disposable income, and the increasing number of market players in the region
- Asia Pacific is expected to witness the fastest growth over the forecast period owing to the higher adoption of robotics in the healthcare sector and the supportive government initiatives in medical robotics
Regional Insights
In 2020, North America dominated the market with a revenue share of over 40.0% owing to the higher adoption of artificial intelligence and robotics in the healthcare sector and the increasing number of players in the region. In addition, the rise in disposable income, the growing geriatric population, and the increasing prevalence of chronic illnesses are expected to support the demand for medical telepresence robots.
Asia Pacific is expected to be the fastest-growing regional market over the forecast period owing to the rising government initiatives toward robotics and artificial intelligence and the higher adoption of robotics in the healthcare sector. In addition, the rise in the number of market players in the region, majorly in China and Japan, is fueling the growth of the market in Asia Pacific.
Key Points of the Global Medical Telepresence RobotsMarket Report:
- The report provides a basic overview of the Medical Telepresence Robots industry including its definition, applications, and manufacturing technology.
- The report also explores the major international players in detail. In this part, the report presents the company profile, product specifications, capacity, and production value up to’2027 year’, along with the market shares for each company.
- Through the statistical analysis, the study depicts the global market for Medical Telepresence Robots including capacity, production, production value, cost/profit, and supply/demand from an international perspective.
- Considering segmentation, the market is divided in terms of product, end-use, company, region, and other important aspects. Each of these categories forms an important base point for the competitive landscape analysis.
- The report then estimates the market development and trends of the Medical Telepresence Robots industry up to 2027.
- The report hints at crucial information associated with new market developments being undertaken in the Medical Telepresence Robots industry before evaluating its feasibility.
Competitive Analysis
The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Medical Telepresence Robots market are included as given below:
Significant Market Participants Operational in the Medical Telepresence Robots Market are:
- Amy Robotics
- Ava Robotics Inc.
- AXYN Robotics
- Blue Ocean Robotics
- Guangzhou Yingbo Intelligent Technology Co., Ltd.
- InTouch Health
- OhmniLabs, Inc.
- Rbot
- VGo Communications Inc.
- Xandex Inc.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
- Type Outlook
-
- Stationary
- Mobile
- Component Outlook
- Camera
- Display
- Speaker
- Microphone
- Power Source
- Sensors & Control System
- End-use Outlook
- Hospitals & Assisted Living Facilities
- Home Use
Reasons to Purchase this Report:
- Estimates Medical Telepresence Robots development trends with SWOT analysis
- Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
- Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
- Market dynamics scenario, along with growth opportunities for players in the years to come
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
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