Healthcare Companion Robots Market Report 2025

The healthcare companion robots market size has grown exponentially in recent years. It will grow from $6.18 billion in 2024 to $7.43 billion in 2025 at a compound annual growth rate (CAGR) of 20.1%. The growth in the historic period can be attributed to acceptance and integration, educational and therapeutic applications, improved human-robot interaction, labor shortages in healthcare, reducing human-to-human contact.

The healthcare companion robots market size is expected to see rapid growth in the next few years. It will grow to $14.67 billion in 2029 at a compound annual growth rate (CAGR) of 18.5%. The growth in the forecast period can be attributed to advancements in robotics and ai, personalized healthcare services, mental health awareness, enhanced rehabilitation support, cost-efficiency. Major trends in the forecast period include integration of ai, technological advancements, product innovations, strategic collaborations.

The surge in the elderly population is poised to be the driving force behind the healthcare companion robots market's growth. As the aging demographic expands, the demand for companion robots rises due to their ability to provide in-home care and companionship for the elderly. Governments worldwide are also initiating measures to endorse the use of healthcare companion robots. For instance, in 2022, New York State collaborated with Intuition Robotics, an Israel-based software company, to distribute such robots to approximately 500 individuals. The global aging population is projected to grow significantly; by 2030, 1 in 6 individuals will be aged 60 or older, and the number of those 60 and above is expected to double by 2050, reaching 2.1 billion. By 2050, there will be an additional 426 million individuals aged 80 or above compared to the current figures. Hence, the escalating aging populace is forecasted to propel the healthcare companion robots market's expansion.

The burgeoning demand for medical procedures is anticipated to fuel the growth of the healthcare companion robots market. These robots are tailored to assist healthcare professionals during procedures, offer emotional support to patients, and aid in post-procedural care. Notably, as per The National Health Expenditure Accounts (NHEA) in the United States, healthcare spending surged by 2.7 percent in 2021, reaching $4.3 trillion or $12,914 per person. Health spending accounted for 18.3 percent of the nation's Gross Domestic Product. Hence, the escalating demand for medical procedures is projected to drive the healthcare companion robots market's growth during the forecast period.

Major companies in the healthcare companion robot market are concentrating on innovative technologies such as advanced sensors to improve patient monitoring, enhance interaction capabilities, and offer personalized care solutions. Advanced sensors are intricate devices that capture and analyze complex environmental data, often incorporating technologies like AI and IoT for better functionality and precision. For instance, in February 2023, Elephant Robotics Technology Co., Ltd., a Chinese high-tech enterprise specializing in robot research and development, launched MetaCat. This companion robot is equipped with multiple touch sensors, voice recognition features, and expressive LED lights. These capabilities enable it to replicate a cat's purrs, meows, and eye movements, thereby enhancing its lifelike attributes.

Major companies within the healthcare companion robots sector are actively introducing innovative products like ElliQ to maintain their market standing. ElliQ, an AI-driven device focused on empathy, is positioned as a solution to alleviate senior isolation or enhance their overall well-being. For instance, in March 2022, Intuition Robotics, an Israel-based software company, introduced ElliQ, a digital care companion. ElliQ empowers older adults to be more socially engaged and physically active, promoting happier and independent lives. The device offers a range of health, communication, and entertainment features, including pain assessment conversations, health goal setting and tracking, cognitive games, audiobooks, and more, catering to the diverse needs of its users.

In January 2022, Furhat Robotics, headquartered in Sweden, completed the acquisition of Misty Robotics, an undisclosed transaction facilitating Furhat's establishment and growth in the USA. This strategic move empowers Furhat Robotics to enhance its operational footprint and further advance the development of robotic technologies. Misty Robotics, based in the US, specializes in hardware solutions, crafting personal robots designed for both office and home environments. This acquisition aligns with Furhat Robotics' expansion objectives, bolstering its capabilities in the realm of robotics and positioning the company for amplified innovation and market presence. Misty Robotics is a US-based hardware company that builds personal robots for offices and homes.

Major companies operating in the healthcare companion robots market are Blue Frog Robotics SAS, Intuition Robotics Ltd., inGen Dynamics Inc., No Isolation AS, Luvozo Inc., Honda Motor Co. Ltd., Hanson Robotics Limited, Ubtech Robotics Corp. Ltd., Emotix Inc., Aeolus Robotics Inc., Catalia Health Inc., Care Coach Inc., Diligent Robotics Inc., F&P Robotics AG, Giraff Technologies AB, Hstar Technologies Company Ltd., Leka SAS, iRobot, SoftBank Robotics, Toyota, Paro Robots, Savioke, Nuro, Temi.

North America was the largest region in the healthcare companion robots market share in 2024. The regions covered in the healthcare companion robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the healthcare companion robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Healthcare companion robots are automated devices designed to execute predefined tasks, aiming to elevate both the productivity and safety of patients. These robots offer emotional support and companionship, particularly benefiting individuals with disabilities, children, and the elderly. They actively engage with patients, boosting adherence to therapy protocols and providing personalized care.

These robots typically fall into two main categories such as animal-like robots and humanoid robots. Animal-like robots are specifically trained to provide support and a calming presence to individuals coping with conditions like dementia, Alzheimer's, and cognitive impairments. They cater to diverse age groups, including children, adults, and the geriatric population.

The healthcare companion robots market research report is one of a series of new reports that provides healthcare companion robots market statistics, including healthcare companion robots industry global market size, regional shares, competitors with a healthcare companion robots market share, detailed healthcare companion robots market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare companion robots industry. This healthcare companion robots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The healthcare companion robots market consists of sales of nursing robots, sanitation robots, and exoskeletons. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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