Medical Telepresence Robots Market Size To Reach $159.5 Million By 2028: Grand View Research, Inc.

SAN FRANCISCO, July 19, 2021 /PRNewswire/ -- The global medical telepresence robots market size is expected to reach USD 159.5 million by 2028, based on a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 18.5% from 2021 to 2028. Some of the factors contributing to the market growth are the growing adoption of telepresence robots in the healthcare sector and product innovations catering to the increasing demand. Moreover, the rise in the elderly population with chronic illnesses requiring regular monitoring is expected to propel the demand for medical telepresence robots, especially for home use.

Key Insights & Findings:

• 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

Read 80 page market research report, "Medical Telepresence Robots Market Size, Share & Trends Analysis By Type (Stationary, Mobile), By Component (Camera, Sensors & Control System), By End Use, By Region, And Segment Forecasts, 2021 - 2028'', by Grand View Research.

The market experienced a surge during the Covid-19 pandemic owing to the rise in the implementation of telepresence robots in hospitals in most of the countries. For instance, the Yatharth Hospital in Noida deployed Mitra robots to assist the healthcare providers in delivering quality care with telepresence technology. Moreover, the features facilitating efficient two-way communication and the ability to connect from any location to monitor the patients remotely are boosting the demand for medical telepresence robots.

The rise in the number of market players offering technologically advanced robots, the introduction of new features catering to the current demand, and the continuous focus on R&D are likely to boost the adoption of medical telepresence robots. Furthermore, the governments of most of the countries are taking initiatives to support artificial intelligence and robotics, further leading to attracting new entrants to enter the market.

Grand View Research has segmented the global medical telepresence robots market based on type, component, end use, and region:

• Medical Telepresence Robots Type Outlook (Revenue, USD Million, 2016 - 2028)
• Stationary
• Mobile
• Medical Telepresence Robots Component Outlook (Revenue, USD Million, 2016 - 2028)
• Camera
• Display
• Speaker
• Microphone
• Power Source
• Sensors & Control System
• Medical Telepresence Robots End-use Outlook (Revenue, USD Million, 2016 - 2028)
• Hospitals & Assisted Living Facilities
• Home Use
• Medical Telepresence Robots Regional Outlook (Revenue, USD Million, 2016 - 2028)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Asia Pacific
• Japan
• China
• India
• Australia
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• South Africa

List of Key Players of Medical Telepresence Robots Market

• 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.

Check out more studies related to implementation of robotics into healthcare, by Grand View Research:

• Medical Robotic Systems Market – Global medical robotic systems market size was valued at USD 7,470.7 million in 2014 and is expected to grow at a double digit CAGR over the forecast period. Increasing demand for accurate laparoscopic surgeries, growing need for surgical procedures in geriatric population, and rising cases of trauma injuries are the factors driving the growth of this market.
• Surgical Robots Market – Global surgical robots market size was valued at USD 2.30 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.6% from 2021 to 2028. Growing adoption and acceptance of minimally invasive surgeries owing to benefits such as shorter hospital stays and the introduction of cost-effective and flexible surgical robots by the new market players are some of the key factors driving the growth.
• AI-based Surgical Robots Market – Global AI-based surgical robots market size was valued at USD 5.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 17.2% from 2021 to 2028. Robotic surgeries are gaining traction due to the increased efficiency and success rate provided by these surgeries, along with the "minimally invasive" nature of the surgeries.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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