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Healthcare Companion Robots Market Share

Report ID: GMI10844
Published Date: Aug 2024
Report Format: PDF

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Healthcare Companion Robots Market Share

The healthcare companion robots industry is characterized by a diverse range of established and emerging players delivering advanced companionship and supportive technologies. Key competitive factors in this market include the precision and reliability of sensors, the integration of cutting-edge technologies such as artificial intelligence for enhanced face expression reading, speech reading, visualization and emotional support.

Healthcare Companion Robots Market Companies

Prominent players operating in the Healthcare Companion Robots industry include:

Aeolus Robotics, Inc.
Andromeda
ASUSTeK Computer Inc.
Blue Frog Robotics & Buddy ASUS
inGen Dynamics
Intuition Robotics
Luvozo
PAL Robotics S.L.
PARO Robots U.S., Inc.
Ubtech

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The healthcare companion robots industry is expected to grow at a robust CAGR of more than 15.9% during the forecast period from 2024 to 2032, with advancements in artificial intelligence, an increasing elderly population, and a rising demand for personalized care solutions.

The geriatric care segment is projected to hold a significant share of the market, valued at over USD 3.2 billion by 2032, with the rising prevalence of age-related conditions, necessitating enhanced companionship and assistance in daily activities.

North America is anticipated to dominate the market with over 15 CAGR through 2024-2032, due to significant investments in healthcare technology, favorable reimbursement policies, and a high adoption rate of advanced medical robotics.

Some prominent players in the healthcare companion robots industry include Intuition Robotics, Luvozo, Blue Frog Robotics & Buddy ASUS, Paro Robots US Inc., and Andromeda. These companies are at the forefront of innovating healthcare robotics solutions and are focusing on strategic collaborations, product enhancements, and expanding their global footprint to gain a competitive edge.