Telepresence Robots Market

Increasing Incidences of Chronic Disorders driving the market growth

The adoption of medical telepresence robots is being further boosted by features of telepresence robots like efficient and quick two-way communication, the ability to connect remotely from any location to monitor and consult the patients, autonomous navigation, and healthcare-related features like an integrated stethoscope, screen body temperature, and fever warning. In most developing nations, the government's supportive measures and expanding financial support for robotics and artificial intelligence research and development are spurring breakthroughs and luring new players to the market for medical telepresence robots.

The market for medical telepresence robots is expanding due to the number of major competitors offering cutting-edge solutions and the increased emphasis on R&D in response to shifting demand.

New investments are being attracted to the sector by the growing use of robotics in healthcare facilities and the development of communication technologies like 4G and 5G. The industry participants are encouraged to focus on research and development efforts to offer novel solutions to the quickly evolving technology and diverse client requirements. The market for medical telepresence robots is expanding due to the rise in companies offering cutting-edge goods and solutions with modern characteristics.

Business expenses are rising due to the expanding usage of robotics in healthcare settings and the development of communication technologies like 4G and 5G. Market participants are increasing their spending on research and innovation activities to develop new solutions due to the rapidly changing nature of technology and the fluctuating demand for goods and services. Furthermore, the sector for healthcare telepresence robots is progressing due to the rise in businesses supplying cutting-edge products and services with improved capabilities. Thus, driving the Telepresence Robots market revenue.

The Global Telepresence Robots Market Industry experiences a surge in demand for remote communication solutions, driven by the need for effective collaboration across distances. Organizations are increasingly adopting telepresence robots to facilitate meetings and interactions, thereby enhancing productivity. In 2024, the market is valued at approximately 0.13 USD Billion, reflecting a growing recognition of the benefits these technologies offer. Companies in various sectors, including healthcare and education, utilize telepresence robots to bridge communication gaps, suggesting a shift towards more integrated remote work environments. This trend indicates a potential for continued growth as businesses seek innovative solutions to maintain connectivity.

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American market area will dominate this market. The rapid use of robots and artificial intelligence in the healthcare industry and the presence of major companies in the market are credited with this region's rise. Additionally, it is anticipated that expanding senior population, increased disposable income, and the penetration of chronic diseases would drive the need for medical telepresence robots.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Telepresence Robots Market SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Telepresence Robots market accounts for the second-largest market share. The growing demand for robots in the medical industry for vital tasks like online patient surveillance and physician consultation and their expanding use in healthcare facilities for tasks like bedside nursing, patient data collection, and automated lab support are key drivers of this segment's growth. Further, the German Telepresence Robots market held the largest market share, and the UK Telepresence Robots market was the fastest growing market in the European region

The Asia-Pacific Telepresence Robots Market is expected to grow at the fastest CAGR from 2023 to 2032. The expanding government efforts in robotics and AI and the expanding use of robotics in healthcare departments. Additionally, the region's market for medical telepresence robots is expanding due to increased market participants, particularly in China and Japan. Moreover, China’s Telepresence Robots market held the largest market share, and the Indian Telepresence Robots market was the fastest growing market in the Asia-Pacific region.

Government initiatives and financing for research and innovation in automation and artificial learning are being stimulated, fostering innovation and luring new rivals in many economies. A greater focus on R&D in response to shifting needs and growth in the number of industry participants applying cutting-edge technology led to the creation of fresh alternatives, further affecting market expansion.

For the purpose of assisting R&D activities and enabling the introduction of new pharmaceuticals to the market, leading market players are investing and giving finance. Businesses are also attempting to increase their market share through market developments, such as the launch of new goods, an increase in investments, an increase in the pipeline of available products, and partnerships with other companies. Businesses in the Telepresence Robots industry sector must provide the current generation of products to the customer base to meet their needs.

By enhancing their supply chains, the market leaders in the global Telepresence Robots industry sector are helping to lower operational expenses. Major Telepresence Robots market players include AMY Robotics, AXYN Robotique, MantaroBot, Suitable Technologies, Double Robotics, and VGo Communications.

Technology startup Double Robotics creates the Double and Double2 telepresence robots, which run on iPads. Double, which resembles a Segway PT, costs $2,499. The robot may be operated with a laptop, tablet, or smartphone and has an accelerometer and gyroscope sensors in its base. Y Combinator provided seed money to Double Robotics. Seven Fortune 500 firms have placed preorders for Double, which Johnson & Johnson and The Coca-Cola Company are now evaluating. Preorders amount to more than $500,000. Deliveries to customers started in February 2013. The business estimates that since 2013, 8000 robots have been sold since January 2017.

The business unveiled the Double 3, a robot designed to boost remote employees' and distance learners' productivity, in August 2019.

The cutting-edge technology business Amy Robotics specializes in the research and development of service robots that improve quality of life through robotic technologies, goods, and services. Their company specializes in home and commercial service robots and robots for families, hospitals, hotels, museums, and other public institutions. They can be used for various purposes, including everyday living, healthcare, rehabilitation, home security, telepresence, entertainment, education, and public information services. Additionally, we provide on-demand services and customizable robots. They are dedicated to using cutting-edge robotics technology to improve people's quality of life.

Our objective is to build a service robotics international corporation that is technology-driven.