[250 Pages Report] The global Medical Telepresence Robots market is estimated at US$ 61.1 Million in 2022 and is projected to reach a valuation of US$ 459.1 Million by 2032, expanding at a CAGR of 22.5% through the forecast period of 2022 to 2032.
Attribute | Details |
---|---|
Medical Telepresence Robots Market Size (2021A) | US$ 50.1 Million |
Market size value estimated in 2022E | US$ 61.1 Million |
Market Forecast Value (2032F) | US$ 459.1 Million |
Global Market Growth Rate (2022 to 2032) | 22.5% CAGR |
The region with highest Market Share | North America |
Top 2 Medical Telepresence Robots Manufacturing Country | USA, China |
Key Companies Profiled | Amy Robotics; Ava Robotics Inc.; AXYN Robotics; Blue Ocean Robotics; InTouch Health; OhMillioniLabs, Inc.; Rbot; VGo Communications Inc. |
A telepresence robot is a machine that, using cameras, monitors, speakers, and microphones, allows an operator to see, hear, and communicate with a person who interacts with it through a screen, tablet, or smartphone.
Telepresence robots are employed in many healthcare facilities to support patient care. These robots can perform duties such as monitoring patient vital signs, supplying meals, monitoring medication compliance, and connecting to doctors and other staff members for ongoing wellness concerns.
In the healthcare industry, telepresence robots enable virtual communication between doctors, patients, medical students, and therapists located anywhere in the world. A telepresence robot allows doctors and patients to communicate via HD audio and video. Patients can consult with doctors and share their health concerns in real-time.
In 2021, hospitals and assisted living facilities had a market share of 69.6%. This was due to the increased use of telepresence robots in hospital rooms owing to characteristics such as two-way communication from any distance and real-time checking.
Medical Telepresence Robots usage in Hospitals & Assisted Living Facilities is projected to increase at a CAGR of around 21.9% over the decade (2022-32) which was estimated at US$ 42.9 Mn in 2022 and is projected to reach a valuation of US$ 311 Mn by 2032-end.
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As per the latest industry analysis by Future Market Insights, a market research and competitive intelligence provider, global Medical Telepresence Robots usage over the past half-decade increased at a CAGR of around 20.2%, while market size by the end of 2021 stood at US$ 50.1 Mn.
The vibrant market for mobile medical telepresence robots has been at the center of the national media for the past half-decade, with a market share of 65.8% expected in 2021, growing at the fastest rate over the coming year.
Mobile Medical Telepresence Robots held a 65.8% market share in 2021 and is expected to continue to do so throughout the forecast period, with a CAGR of 21.0%. The presence of automated features, adjustable height, head motion, and obstacle avoidance, along with virtual monitoring and fast delivery, allows for cost-efficient virtual monitoring and teleconsultation.
North American region dominates the worldwide Medical Telepresence Robots market share and is expected to retain its leading position owing to the region’s increased adoption of artificial intelligence and robotics in the healthcare sector, as well as an increase in the number of regional players.
Europe holds the second largest share in the Medical Telepresence Robots market followed by ASEAN. But ASEAN is expected to overtake Europe as the second largest market share holder during the forecast period.
The general availability of telepresence robots in the healthcare industry, higher adoption by educational and residential institutions, and affordability of supporting devices are among the major factors driving the growth of the Medical Telepresence Robots market.
In most countries, encouraging government initiatives and investment in research and development in artificial intelligence and robotics is driving innovation and attracting new entrants. The increase in the number of market players offering cutting-edge solutions, as well as a greater emphasis on R&D in response to changing requirements, has resulted in the introduction of innovative solutions, which has further impacted market growth.
The US Medical Telepresence Robots market is estimated at US$ 22.0 Mn in 2022 and is projected to reach a valuation of US$ 125.6 Mn by 2032, expanding at a CAGR of 18.8% through the forecast period of 2022-2032. An increasing number of players, rising healthcare expenditure, and increasing presence of chronic illness is a driving factors for the high Medical Telepresence Robots market size.
Due to rising government initiatives in robotics and artificial intelligence, as well as increased adoption of robotics in the healthcare sector, the ASEAN region is expected to be the fastest-growing regional market during the forecast period. Furthermore, the increase in the number of market players in the region, particularly in China and Japan, is fuelling the growth of the Asia Pacific market.
The Medical Telepresence Robots market in ASEAN is projected to reach a valuation of US$ 158.5 Mn by 2032, expanding at a CAGR of 27.5% through the forecast period of 2022-2032.
Mobile-type robots are predicted to hold the highest share among all types of Medical Telepresence Robots sold in the world. They have shown a scope for usage during the last half-decade which has grown at a CAGR of 19.5% from 2016 to 2021.
The Digital Telepresence Robots market is projected to reach a value of $267.7 million by 2032, growing at a CAGR of 21% through 2022-2032. These features, such as autonomous navigation, height adjustment, head motion, and alarm system, allow automated dispensing and virtual monitoring of patient care. This allows effective telehealth consultations.
The camera segment has been dominating the Medical Telepresence Robots market with a share of 19.6% as its operations are critical to the robot's operation. The camera segment is projected to reach a valuation of US$ 122.5 Mn by 2032, expanding at a CAGR of 25.6% through the forecast period of 2022-2032.
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The degree of competition among prominent global companies was calculated by looking at several key aspects of the global Medical Telepresence Robots Market, such as market competition, market share, recent industry advancements, innovative product launches, partnerships, mergers, and acquisitions by leading companies.
InTouch Technologies (US) signed a definitive agreement to acquire REACH Health (US), a telemedicine software company, in April 2018. This strengthens InTouch Health's position as the preferred telehealth partner for hospitals and health systems.
Currently, the global Medical Telepresence Robots market is valued at US$ 61.1 Mn.
Medical Telepresence Robots’ consumption value is expected to increase at a CAGR of around 22.5% during the period of 2022-2032.
In terms of consumption value, Medical Telepresence Robots increased at a CAGR of around 20.2% during 2016-2021.
The rapidly changing technologies and varying customer requirements are encouraging market players to focus more on research and development activities in order to provide innovative solutions.
Top Medical Telepresence Robots manufacturing companies are Intouch Health, Amy Robotics and Ava Robotics.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 4. Global Medical Telepresence Robots Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Medical Telepresence Robots Market Analysis 2017-2021 and Forecast 2022-2032, By Component 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Component, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Component, 2022-2032 5.3.1. Camera 5.3.2. Display 5.3.3. Microphone 5.3.4. Speaker 5.3.5. Power Source 5.3.6. Sensors and Control Systems 5.4. Y-o-Y Growth Trend Analysis By Component, 2017-2021 5.5. Absolute $ Opportunity Analysis By Component, 2022-2032 6. Global Medical Telepresence Robots Market Analysis 2017-2021 and Forecast 2022-2032, By Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Type, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Type, 2022-2032 6.3.1. Stationary 6.3.2. Mobile 6.4. Y-o-Y Growth Trend Analysis By Type, 2017-2021 6.5. Absolute $ Opportunity Analysis By Type, 2022-2032 7. Global Medical Telepresence Robots Market Analysis 2017-2021 and Forecast 2022-2032, By End Use 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By End Use, 2017-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By End Use, 2022-2032 7.3.1. Hospitals and Assisted Living Sciences 7.3.2. Home Use 7.4. Y-o-Y Growth Trend Analysis By End Use, 2017-2021 7.5. Absolute $ Opportunity Analysis By End Use, 2022-2032 8. Global Medical Telepresence Robots Market Analysis 2017-2021 and Forecast 2022-2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021 8.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Medical Telepresence Robots Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Component 9.2.3. By Type 9.2.4. By End Use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Component 9.3.3. By Type 9.3.4. By End Use 9.4. Key Takeaways 10. Latin America Medical Telepresence Robots Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Component 10.2.3. By Type 10.2.4. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Component 10.3.3. By Type 10.3.4. By End Use 10.4. Key Takeaways 11. Europe Medical Telepresence Robots Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. U.K. 11.2.1.5. Spain 11.2.1.6. Russia 11.2.1.7. BENELUX 11.2.1.8. Rest of Europe 11.2.2. By Component 11.2.3. By Type 11.2.4. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Component 11.3.3. By Type 11.3.4. By End Use 11.4. Key Takeaways 12. Asia Pacific Medical Telepresence Robots Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. India 12.2.1.5. Rest of Asia Pacific 12.2.2. By Component 12.2.3. By Type 12.2.4. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Component 12.3.3. By Type 12.3.4. By End Use 12.4. Key Takeaways 13. MEA Medical Telepresence Robots Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. GCC 13.2.1.2. Rest of MEA 13.2.2. By Component 13.2.3. By Type 13.2.4. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Component 13.3.3. By Type 13.3.4. By End Use 13.4. Key Takeaways 14. Key Countries Medical Telepresence Robots Market Analysis 14.1. U.S. 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2021 14.1.2.1. By Component 14.1.2.2. By Type 14.1.2.3. By End Use 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2021 14.2.2.1. By Component 14.2.2.2. By Type 14.2.2.3. By End Use 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2021 14.3.2.1. By Component 14.3.2.2. By Type 14.3.2.3. By End Use 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2021 14.4.2.1. By Component 14.4.2.2. By Type 14.4.2.3. By End Use 14.5. Argentina 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2021 14.5.2.1. By Component 14.5.2.2. By Type 14.5.2.3. By End Use 14.6. Germany 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2021 14.6.2.1. By Component 14.6.2.2. By Type 14.6.2.3. By End Use 14.7. Italy 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2021 14.7.2.1. By Component 14.7.2.2. By Type 14.7.2.3. By End Use 14.8. France 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2021 14.8.2.1. By Component 14.8.2.2. By Type 14.8.2.3. By End Use 14.9. U.K. 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2021 14.9.2.1. By Component 14.9.2.2. By Type 14.9.2.3. By End Use 14.10. Spain 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2021 14.10.2.1. By Component 14.10.2.2. By Type 14.10.2.3. By End Use 14.11. Russia 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2021 14.11.2.1. By Component 14.11.2.2. By Type 14.11.2.3. By End Use 14.12. BENELUX 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2021 14.12.2.1. By Component 14.12.2.2. By Type 14.12.2.3. By End Use 14.13. China 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2021 14.13.2.1. By Component 14.13.2.2. By Type 14.13.2.3. By End Use 14.14. Japan 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2021 14.14.2.1. By Component 14.14.2.2. By Type 14.14.2.3. By End Use 14.15. South Korea 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2021 14.15.2.1. By Component 14.15.2.2. By Type 14.15.2.3. By End Use 14.16. India 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2021 14.16.2.1. By Component 14.16.2.2. By Type 14.16.2.3. By End Use 14.17. GCC Countries 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2021 14.17.2.1. By Component 14.17.2.2. By Type 14.17.2.3. By End Use 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Component 15.3.3. By Type 15.3.4. By End Use 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Amy Robotics 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segment 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.2. Ava Robotics Inc. 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segment 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.3. AXYN Robotics 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segment 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.4. Blue Ocean Robotics 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segment 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.5. InTouch Health 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segment 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.6. OhmniLabs, Inc. 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segment 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.7. Rbot 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segment 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.8. Vgo Communications 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segment 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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