Medical Telepresence Robots Market Analysis Report By Type, By Component, By End Use, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global medical telepresence robots market was prized by USD 39.38 million in 2020. It is estimated to witness 18.5% CAGR from 2021 to 2028.

Drivers

The features adding to the enlargement of the market are the improvement of medical robotics, the increasing acceptance of telepresence robots in the healthcare division, and modernization of the product. The rising elderly people and increasing commonness of chronic sicknesses are pushing the demand for telepresence robots, intended for usual consultation and monitoring from distant places.

The capability to link up from whichever place to distantly consult and check the patients, the features assisting the speedy as well as proficient two-way contact, self-sufficient direction-finding, and healthcare associated features for example, fever alert, incorporated stethoscope and display body temperature are, additionally, increasing the acceptance of medical telepresence robots, in the market.

The funding for the research & development projects in artificial intelligence & robotics, in majority of the nations, and supporting government programs are the factors, pushing modernization and fascinating fresh contestants in the market.

The growth in the figure of companies presenting revolutionary solutions and greater concentration on R&D according to the altering necessities, has given rise to the induction of modern solutions. It is influencing more the expansion of the medical telepresence robots market.

Effect of Covid-19

The eruption of Covid-19 pandemic had additionally increased the demand for telepresence robots, particularly in healthcare amenities. The major companies are more spending for R&D activities to furnish the increasing demand and to guarantee the induction of telepresence robots, having modern medicinal features.

Component Insight

As a result of the actuality that its functions are necessary for the running as well as performance of the robot, the camera section held above 20.0% share and led the medical telepresence robot market, in 2020. The microphone, camera, speaker, and display are the important parts of telepresence robots because they help the virtual attendance of the client along with two-way transmission.

A specialized mechanism initiates easy function of telepresence robots. Completely operating telepresence robots distantly depends on human orders, which are manually given. The components like display and camera make better the situations of distant interaction over the features, like clarity as well as visualization. These robots are separately supervised and are prepared by means of the power-driven stands; those are linked to the monitor.

Type Insight

The mobile sector held more than 65.0% revenue share and led the medical telepresence robots market, in 2020. It is likely to observe the highest enlargement, during the forecast period.

This is credited to the features like modifiable height, head movement, hurdle evading, self-governing direction-finding, which facilitate effortless as well as well-organized deliverance of services along with effective monitoring, in that way making possible the efficient tele-consultation.

The stationary sector is anticipated to increase by 17.0% CAGR, during the forecast period. The acceptance of stationary medical telepresence robots is slowly increasing. The reasonably less price of the product is likely to impel the expansion of the sector, all through the forecast period.

End Use Insight

The hospitals & assisted living facilities section detained the major, above 70.0% share of the market, in 2020. This can be credited to the greater implementation of telepresence robots in hospital location because of the features, making possible the two-way contact from whichever space and well-organized supervision along with tele-consultation.

The home use section is projected to develop by the maximum 19.5% CAGR, during the forecast period because of the growth in the figure of patients having chronic sicknesses and requiring recurrent observation, escalate in the elderly populace, in addition to the availability of a few reasonably priced telepresence robots in the market.

Regional Insight

As a result of the growing number of companies within the region plus greater acceptance of robotics and artificial intelligence (AI) in the healthcare sector, North America held more than 40.0% revenue share and led the global medical telepresence robots market, in 2020. The rising occurrences of chronic sicknesses, the increasing elderly populace and growth in disposable earnings are the factors, likely to additionally maintain the demand for medical telepresence robots.

Asia Pacific is projected to be the highest increasing local market, during the forecast period because of the factors such as greater acceptance of robotics in the healthcare division, and the increasing lead of the government, in the direction of artificial intelligence (AI) and robotics. Besides, the growth in the figure of companies within the region, mainly in Japan and China, is stimulating the enlargement of the market, within Asia Pacific.

Companies

The development of communication machinery, for example 4G in addition to 5G, the increasing acceptance of robots in healthcare amenities, along with the rising lead by the government to encourage robotics and artificial intelligence are the factors, inviting new-fangled funds in the market.

The fast altering technologies plus changeable necessities of the customers are further supporting companies to progressively more concentrate on R&D actions to offer new results. Besides, the growth in the figure of companies offering high-tech solutions and products by means of modernized features is boosting the enlargement of the market.

Some of the companies for medical telepresence robots market are:

        • VGo Communications Inc.
        • Ohmni Labs, Inc.
        • Guangzhou Yingbo Intelligent Technology Co., Ltd.
        • AXYN Robotics
        • Amy Robotics
        • Xandex Inc.
        • Rbot
        • InTouch Health
        • Blue Ocean Robotics
        • Ava Robotics Inc.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For this study, Million Insights has segmented the global medical telepresence robots market report based on type, component, end use, and region:

• Type Outlook (Revenue, USD Million, 2016 - 2028)
    • Stationary
    • Mobile

• Component Outlook (Revenue, USD Million, 2016 - 2028)
    • Camera
    • Display
    • Speaker
    • Microphone
    • Power Source
    • Sensors & Control System

• End-use Outlook (Revenue, USD Million, 2016 - 2028)
    • Hospitals & Assisted Living Facilities
    • Home Use

• 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