Telepresence Robots Market to Undergo Significant Growth in Next Five Years
Growing need for
organizational efficiency and technological advancements in artificial
intelligence are some major factors driving the growth of global telepresence
robots market.
According
to TechSci Research report, “Global Telepresence
Robots Market By Component (Head v/s Body), By Type (Stationary v/s Mobile),
By Application (Education, Healthcare, Enterprise, Homecare, Others), By Region,
Forecast & Opportunities, 2025”,
the market is anticipated to witness a significant CAGR
during the forecast period owing to growing need for organizational efficiency
and technological advancements in robotics and artificial intelligence.
Moreover, increasing demand for telepresence robot from various sectors such as
education, industrial, healthcare, personal, and manufacturing are also
boosting the market growth. The outbreak of COID-19 has also positively
influenced the growth of global telepresence robots market owing to increasing
requirement from enterprises to deliver remote and virtual meeting. In addition
to this, telepresence robots are also prominent in medical support where
critical medical actions can be carried out in case of medical emergencies.
With increasing investments and new product launches by major vendors, the
global telepresence robots market is poised to grow substantially through 2025.
Furthermore, the low cost of telepresence robots due
to availability of supporting devices is another key factor driving the market
growth. Apart from this, the wide-level application from healthcare to
residential sectors are expected to augment the growth of global telepresence
robots market over the next five years. However, the market is also facing some
challenges. High cost of installation and maintenance of telepresence robots
are restraining the market growth. Moreover, technical glitches lead to
operational failure thereby are likely to hamper the market growth.
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The global
telepresence robots market is segmented based on component, type, application,
and region. Based on type, the market can be bifurcated into stationary and
mobile. Among them, the mobile segment is expected to grow significantly during
the forecast period on account of their widespread application in various
sectors such as defense & security, surveillance, among others.
Based
on application, global telepresence robots market can be split into education,
healthcare, enterprise, homecare and others. Among them, the healthcare segment
is expected to dominate the market during the forecast period. The reason can
be ascribed to growing geriatric population suffering from various chronic and
infectious diseases but who wishes to live independently. These telepresence
robots help in remote monitoring of such patients, provide them regular
medicine reminders, helps them connect to doctors & nurses as per the
requirement.
Leading players operating in the global telepresence robots market are
Double Robotics, Inbot Technology, Suitable Technologies, Mantaro Networks, VGo
Communications, InTouch Technologies, Qihan Technology, Amy Robotics, Anybots
and SuperDroid Robots, among others. In April 2018, InTouch Technologies acquired
REACH Health, a telemedicine software company. The acquisition further
solidifies the leading position of InTouch Health as a telehealth partner of
choice for hospitals and health systems. Moreover, manufacturers are developing
advanced technologies and launching new services in order to stay competitive
in the market. They are also undergoing competitive strategies such as mergers
& acquisitions, strategic partnerships and collaborations to increase their
market share in global telepresence robots market.
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“North America is expected to dominate the overall
telepresence robots market during the forecast period owing to the early
adoption of technologies in the region. Additionally, the presence of major
players, advanced healthcare system and high per capita disposable income of
the region are further propelling the market growth. Also, the presence of the
defined regulations and the readiness of the end-user industry for upgrading
the experience are also driving the growth of global telepresence robots market,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Telepresence Robots Market By Component (Head
v/s Body), By Type (Stationary v/s Mobile), By Application (Education,
Healthcare, Enterprise, Homecare, Others), By Region, Forecast & Opportunities,
2025” has evaluated the future growth potential of telepresence
robots market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global telepresence robots market.
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