• Blog
  • Telepresence Robots Market Analysis | 2023-2029

    Telepresence Robots Market Analysis | 2023-2029

    Telepresence Robots Market Analysis | 2023-2029
    Report code - SR2485 Delivery - 2 Weeks
    Telepresence Robots Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth See more...

    "The Telepresence Robots market is expected to grow from USD 286.5 million in 2022 to USD 569.7 million by 2029 at a CAGR of 10.3% during the forecast period".

    Want to know more about the market scope: 

    Market Dynamics

    Introduction 

    Telepresence robots are robots equipped with cameras, microphones, and speakers that enable remote communication and collaboration between individuals who are geographically separated. These robots are controlled by a remote user who can navigate the robot through a virtual interface and communicate with others in the robot's environment in real-time.

    Telepresence robots are commonly used in business and education settings to facilitate remote meetings, lectures, and other collaborative activities. They are also used in healthcare to enable remote consultations and monitoring of patients, and in manufacturing to enable remote inspection and maintenance of machinery.

    Telepresence Robots Market Report Overview

    Market Size in 2029

    USD 569.7 Million

    Market Size in 2022

    USD 286.5 Million

    Market Growth (2023-2028)

    CAGR of 10.3%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2029

     

    Market Drivers 

    • The market for telepresence robots is expected to experience significant growth due to the increasing demand for both consumer and professional use in various fields, including education, home healthcare, and more. These robots are anticipated to have a widespread presence in healthcare, business, and educational institutions globally.
    • The healthcare industry can benefit from the virtual presence created by telepresence robots, which allows clinicians to assist patients situated in different locations. Additionally, in the professional sector, business leaders can use telepresence robots to participate in various activities, oversee their teams, and attend meetings and conferences from their workplace.
    • Fixed or stationary telepresence robots offer unique advantages over their mobile counterparts, especially in niche applications that require consistent network connectivity without interruptions. This technology is opening up opportunities for remote health monitoring and other similar applications. As the global population of people aged over 65 continues to increase, particularly in countries like India and Japan, this technology is expected to gain significant traction.
    • Rising usage of robotics in healthcare environments, coupled with the development of advanced communication technologies such as 4G and 5G, are driving increased investments in the industry. The rapidly evolving technology landscape and fluctuating demand for products and services are compelling market players to invest more in research and innovation to develop new solutions. Additionally, the emergence of a growing number of companies offering cutting-edge goods and services with enhanced capabilities is driving the healthcare telepresence robotics industry forward.

    Healthcare Sector to Drive the Market Growth

    • The healthcare industry is witnessing significant technological advancement in the form of telemedicine, which involves remote patient monitoring through the use of digital technologies like video conferencing tools to facilitate remote interactions between patients and healthcare providers. The adoption and popularity of telepresence robots in healthcare settings are also contributing to the growth of telemedicine.
    • Telepresence robotics is proving to be an effective solution for remote patient monitoring, especially in rural hospital settings where medical specialists may not be physically available. By deploying telepresence robots, patients can be connected with healthcare providers remotely. Additionally, nurses can remotely connect and monitor patients' recovery in their homes.
    • This technology adoption has made quality healthcare support available to remote locations. The rapid growth and advancement in communication technology have further enabled this, resulting in a complete ecosystem that aids in the growth of telepresence robotics for healthcare.
    • As reported by Robohub, a telepresence medical robot is a customizable robot designed to monitor changes in a patient's medical bedside data and behavior. This type of robot can immediately send alerts to nurses indicating critical changes in the patient's condition and can act without delay.
    • As an example of its application, Pepper robots were deployed during the pandemic to enable patients in the intensive care ward to communicate with their families who were not allowed to visit. These robots could stand next to the patient's bed and use the tablet on their chest to facilitate a video conference.
    • The significant factors driving the growth of this segment are the increasing demand for robots in the medical industry, particularly for vital functions like online patient monitoring and consultations with physicians, as well as their growing utilization in healthcare facilities for tasks such as patient care, data collection, and laboratory automation. Additionally, the rise of telemedicine trends is expected to provide further opportunities for the expansion of the market.
    • Government programs and funding aimed at promoting research and innovation in artificial learning and automation are spurring new advancements and attracting fresh competitors in many economies. The growing number of industry players adopting cutting-edge technologies, along with a heightened focus on research and development in response to evolving needs, has led to the emergence of innovative alternatives, thereby contributing to the further growth of the market.

    Recent Development 

    • In August 2022, IndigeSTEAM Society, along with partners Pantala Technologies and OhmniLabs, introduced first-of-its-kind telepresence educational experience for First Nations youth. Urban and On-Nation Indigenous Youth tours OhmniLabs’ state-of-the-art 3D Print Farm in Silicon Valley via the Ohmni Telepresence Robots without traveling the distance.
    • In November 2020, OhmniLabs telepresence robots, which were remotely controlled from anywhere, provided Covid care in 40 countries and later became autonomous.

    Segment Analysis

    Regional Analysis

    "North America is projected to witness substantial demand for such robots"

    Given its robust network infrastructure and propensity for adopting new technologies, North America is projected to witness substantial demand for such robots. The region is also anticipated to play a crucial role in driving technological advancements, owing to the presence of leading telepresence robot vendors.

    Well-defined regulations, higher purchasing power, and a willingness among end-user industries to enhance their offerings have been key drivers of market growth in the region. Additionally, educational institutions, including schools, are increasingly utilizing technological products to enrich and enhance the learning experience for students, further bolstering the region's dominant position in the market.

    Telepresence robots are increasingly finding applications in healthcare, particularly for remote medical monitoring and online consultations with physicians. Moreover, the growing aging population is expected to drive demand for healthcare telepresence robots, contributing to the expansion of the industry in North America. According to the Population Reference Bureau, the number of Americans aged 65 and older is projected to more than double from 52 million in 2018 to 95 million in 2060.

    The region's robust supporting infrastructure, including telecommunications and power, is likely to fuel growth. Additionally, the increasing adoption of telepresence robots in various business settings is expected to further boost global demand for such robots.

    Market growth in the region is expected to be driven by increasing investments in product development by companies operating in the area. One example of this trend is the beta testing of Shortcut Robotics' first telepresence robot, which was launched in April 2022. Located near Los Angeles, the testing will be conducted in two phases, with updates made in each phase to improve the product.

    Key Players

    The following are the key players in the Service Robotics Market (arranged alphabetically)

    • Amy Robotics
    • Ava Robotics
    • Axyn Robotique
    • Anybots
    • Camanio Car
    • Double Robotics
    • Hease Robotics
    • Inbot Technology
    • Intouch Technologies
    • Key Innovator
    • Mantaro Network
    • Ohmnilabs
    • Qihan Technology
    • Rbo
    • Swivel
    • VGO Communication
    • Superdroid Robots
    • Wicro
    • Xand
    • Xaxxon Technologie

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence most totally. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Telepresence Robots Market 

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

    Frequently Asked Questions (FAQs)

    Telepresence robots are robots equipped with cameras, microphones, and speakers that enable remote communication and collaboration between individuals who are geographically separated. These robots are controlled by a remote user who can navigate the robot through a virtual interface and communicate with others in the robot's environment in real-time.

    The market is expected to grow at a CAGR of 10.3% during 2023-2029.

    The market size was estimated at USD 286.5 million in 2022 and is projected to reach USD 569.7 million by 2029.

    The major players operating in the global Telepresence Robots market are Inbot Technology, Mantaro Networks, Double Robotics, VGO Communications, Intouch Technologies, Qihan Technology, Amy Robotics, Anybots, Superdroid Robots, Camanio Care, Wicron, Ava Robotics, Xandex, Rbot, Key Innovators, Axyn Robotique, Ohmnilabs, Swivl, Xaxxon Technologies, Hease Robotics.

    The market for telepresence robots is expected to experience significant growth due to the increasing demand for both consumer and professional use in various fields, including education, home healthcare, and more.

    The study period of the market is 2017-2029.