Healthcare Companion Robots Market Growing At A CAGR 17.8%From 2023 To 2030


 San Francisco, 6 Feb 2023: The Report Healthcare Companion Robots Market Size, Share & Trends Analysis Report By Type (Animal-like, Humanoid), By Age-Group (Children, Adult, Geriatric), By Region, And Segment Forecasts, 2023 - 2030

The global healthcare companion robots market is expected to reach USD 5.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 17.8% for the forecast period 2023-2030. Companion robots are created with a purpose of offering a companionship to humans. These robots assist people especially elderly population in their daily activities and helps to improve their lives.

With increasing geriatric population and rising prevalence of diseases such as Alzheimer’s; dementia, etc., the demand of companion robots is likely to increase over a forecast period. Various robots are being developed which help people suffering from such disorders to live normal life. For instance, Ryan, a companion robot outfitted with artificial intelligence technology is designed to assist the aging population, specifically those struggling with Alzheimer’s. Also, it is equipped with cognitive games to keep the brain active and helps recognize who it interacts with and carry on conversations. In addition, the increasing incidences of depression is fueling market growth. Furthermore, with the outbreak of COVID-19, the prevalence of loneliness raised, which positively impacted the demand for companion robot. Paro, a companion robot approved by the FDA as an insured cost for patients is used to assist people with depression, anxiety, and other conditions. These robo-seals are provided in free to licensed nursing homes and in around 28 nursing homes in Washington State have started using them since last year.

In addition, various initiatives undertaken by market players to provide innovative solutions is anticipated to drive the growth of the market during the forecast period. For instance, in March 2022, Intuition Robotics launched ElliQ, a digital care companion. It is designed to help older adults to be more physically active and socially engaged and enable them to have happier, more independent lives. Furthermore, integration of advanced technologies to improve the healthcare outcome is expected to boost the market in upcoming years.

Access Research Report of Healthcare Companion Robots Market @ https://www.grandviewresearch.com/industry-analysis/healthcare-companion-robots-market-report

Healthcare Companion Robots Market Report Highlights

  • In 2022, the humanoid segment held the largest share due to its increasing demand in medical procedures to keep children distracted and its use in autism special education.
  • The geriatric segment dominated the healthcare companion market in 2022 due to the rising use of these robots to assist the elderly population and help them to mitigate the depression and anxiety issues
  • Asia pacific held the largest share in 2022 due to higher adoption of these robots in countries like japan and various initiatives undertaken for the deployment of robots in the region.

List of Key Players in Healthcare Companion Robots Market

  • Blue Frog Robotics & Buddy
  • ASUS
  • Intuition Robotics
  • inGen Dynamics
  • PARO Robots U.S., Inc.
  • No Isolation
  • Luvozo
  • Honda Robotics
  • Hanson Robotics
  • Ubtech
  • Emotix
  • Jibo

Access Press Release of Healthcare Companion Robots Market @ https://www.grandviewresearch.com/press-release/global-healthcare-companion-robots-market

 

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein retail stores, restaurants, and hot
Read more