Tuesday, June 14, 2022

Strong Demand for Telepresence Robots from the Healthcare Industry

The telepresence robot market is expected to grow from USD 145.8 million in 2018 to USD 312.6 million by 2023, at a CAGR of 16.5%.

 

Increased company operating efficiency due to virtual meetings, increasing demand from the healthcare industry, and low cost due to the availability of enabling gadgets are all driving this market. Head components, such as the camera, display, speaker, and microphone; body components, such as the power source, sensor, and control system; and other components, such as wheels, body materials, and accessories, make up the telepresence robot market. The market for body components is estimated to grow at the quickest CAGR during the forecast period.

 

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The value of body components in telepresence robots will increase as technology advancements lead to increased complexity in terms of features in telepresence robots, such as artificial intelligence (AI) and autonomous operations.

 

The telepresence robot market has been divided into fixed and mobile robots based on type. From 2018 to 2023, the market for mobile telepresence robots is predicted to rise at a faster rate. Because the stationary robot is primarily utilised for teaching purposes in practically every vertical, the employment of stationary telepresence is confined to specific areas.

 

The telepresence robot market based on application has been segmented into education, healthcare, enterprise, homecare, and others that include warehouse, surveillance, and defence. The market for healthcare applications is expected to grow at the highest CAGR during 2018–2023. Remotely controlled telepresence robots enable doctors to interact with their patients for consulting and training. Researchers have been developing telepresence robots that can be used for remote surgery to save lives and can be controlled by remote surgeons. These benefits are driving the overall telepresence market in the healthcare sector. The market for education applications is expected to grow at the second-highest CAGR during the forecast period.

 

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On the basis of geography, the telepresence robot market is broadly classified into the Americas, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest CAGR during the forecast period. Major factors contributing to this growth include the emergence of new technologies in APAC which has created the increased demand for innovative and user-friendly communications.

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