Elder Care Assistive Robots Market Size, Share & Trends Analysis Report By Type (Physically Assistive Robots, Socially Assistive Robots), By Functionality (Monitoring & Surveillance, Mobility Assistance), By Region, And Segment Forecasts, 2024

The global elder care assistive robots market size is expected to reach USD 6.69 billion by 2030, registering a CAGR of 14.8% from 2024 to 2030, according to a new report. Increasing development of robots across the globe is escalating market growth. In September 2023, Agibot released a new product: the Expedition A1. Agibot was founded by Peng Zhihui and secured funding from various investors, including Chinese automaker BYD and global private equity firm Warburg Pincus. Expedition A1 is a humanoid robot that stands at a height of 1.75 meters and weighs 53 kilograms. It is capable of cooking, doing laundry, and taking care of the elderly. Such increasing product launches are accelerating market growth.

Elder care assistive robots can serve as telepresence tools, facilitating communication between doctors and elderly patients, propelling the sales of eldercare assistive robots. Moreover, the inability of elderly individuals to frequently travel to hospitals for treatment and the high costs associated with frequent nurse visits further highlight the market's potential growth during the projected period. Furthermore, COVID-19 has highlighted the importance of telepresence robots. For instance, in March 2020, Zorabots, an organization in Belgium, provided a group of robots to elderly care facilities to assist residents in staying connected following the government's prohibition of visitors as a measure to prevent the transmission of the coronavirus.

The major players operating in the market are adopting strategies such as collaborations, supply agreements, and partnerships with a major focus on enhancing product formation and reach. Additionally, the players are securing funding from government and non-government bodies to develop advanced products. For instance, in December 2022, Intuition Robotics Ltd. released an updated version of ElliQ, called ElliQ 2.0. The improved ElliQ software is more contextual, allowing for stronger relationship building and deeper conversations. It offers elevated experiences and content, such as virtual travel, museum exhibit tours, and the ability to record memories to send to loved ones.

Additionally, the growing geriatric population coupled with an increasing prevalence of Alzheimer's disease is boosting market growth. The Alzheimer's Association estimates that in 2024, around 6.9 million Americans who are 65 years old and above have Alzheimer's. The majority, 73%, are 75 years old or older. Approximately 10.9% of individuals aged 65 and older have Alzheimer's disease. Alzheimer often require continuous monitoring, thereby accelerating market growth.

Elder Care Assistive Robots Market Report Highlights

Based on type, the physically assistive robots segment held the largest revenue share in the market in 2023 owing to the increasing cases of falls among elderly population.
Based on functionality, the monitoring and surveillance segment is anticipated to grow at the fastest growth rate over the forecast period in the market owing to the increasing need for safety and security among the elderly population.
North America dominated the market due to the rapidly aging population and robust technological ecosystem. Furthermore, the presence of key market players in the region will supplement market growth.

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Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.1.1. Segment scope
1.1.2. Regional scope
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.1.1. Approach 1: Commodity flow approach
1.7. Research Assumptions
1.8. List of Secondary Sources
1.9. List of Primary Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Type outlook
2.2.2. Functionality outlook
2.2.3. Regional outlook
2.3. Competitive Insights

Chapter 3. Elder Care Assistive Robots Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Ancillary market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.2. Market restraint analysis
3.3. Elder Care Assistive Robots: Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.2. PESTLE Analysis
3.4. Regulatory Framework

Chapter 4. Elder Care Assistive Robots Market Segment Analysis, By Type, 2018 - 2030 (USD Million)

4.1. Definition and Scope
4.2. Type Market Share Analysis, 2023 & 2030
4.3. Segment Dashboard
4.4. Global Elder Care Assistive Robots Market, by Type, 2018 to 2030
4.5. Physically assistive robots
4.5.1. Physically assistive robots market estimates and forecasts, 2018 to 2030 (USD Million)
4.6. Socially assistive robots
4.6.1. Socially assistive robots market estimates and forecasts, 2018 to 2030 (USD Million)

Chapter 5. Elder Care Assistive Robots Market Segment Analysis, By Functionality, 2018 - 2030 (USD Million)

5.1. Definition and Scope
5.2. Functionality Market Share Analysis, 2023 & 2030
5.3. Segment Dashboard
5.4. Global Elder Care Assistive Robots Market, by Functionality, 2018 to 2030
5.5. Monitoring and surveillance
5.5.1. Monitoring and surveillance market estimates and forecasts, 2018 to 2030 (USD Million)
5.6. Mobility assistance
5.6.1. Mobility assistance market estimates and forecasts, 2018 to 2030 (USD Million)
5.7. Social interaction
5.7.1. Social interaction market estimates and forecasts, 2018 to 2030 (USD Million)
5.8. Household tasks
5.8.1. Household tasks market estimates and forecasts, 2018 to 2030 (USD Million)

Chapter 6. Elder Care Assistive Robots Market Segment Analysis, By Region, By Type, By Functionality, 2018 - 2030 (USD Million)

6.1. Regional Market Share Analysis, 2023 & 2030
6.2. Regional Market Dashboard
6.3. Regional Market Snapshot
6.4. Elder Care Assistive Robots Market by Region, 2023 & 2030:
6.5. North America
6.5.1. North America elder care assistive robots market, 2018 - 2030 (USD Million)
6.5.2. U.S.
6.5.2.1. U.S. elder care assistive robots market, 2018 - 2030 (USD Million)
6.5.3. Canada
6.5.3.1. Canada elder care assistive robots market, 2018 - 2030 (USD Million)
6.5.4. Mexico
6.5.4.1. Mexico elder care assistive robots market, 2018 - 2030 (USD Million)
6.6. Europe
6.6.1. Europe elder care assistive robots market, 2018 - 2030 (USD Million)
6.6.2. UK
6.6.2.1. UK elder care assistive robots market, 2018 - 2030 (USD Million)
6.6.3. Germany
6.6.3.1. Germany elder care assistive robots market, 2018 - 2030 (USD Million)
6.6.4. France
6.6.4.1. France elder care assistive robots market, 2018 - 2030 (USD Million)
6.6.5. Italy
6.6.5.1. Italy elder care assistive robots market, 2018 - 2030 (USD Million)
6.6.6. Spain
6.6.6.1. Spain elder care assistive robots market, 2018 - 2030 (USD Million)
6.6.7. Norway
6.6.7.1. Norway elder care assistive robots market, 2018 - 2030 (USD Million)
6.6.8. Sweden
6.6.8.1. Sweden elder care assistive robots market, 2018 - 2030 (USD Million)
6.6.9. Denmark
6.6.9.1. Denmark elder care assistive robots market, 2018 - 2030 (USD Million)
6.7. Asia Pacific
6.7.1. Japan
6.7.1.1. Japan elder care assistive robots market, 2018 - 2030 (USD Million)
6.7.2. China
6.7.2.1. China elder care assistive robots market, 2018 - 2030 (USD Million)
6.7.3. India
6.7.3.1. India elder care assistive robots market, 2018 - 2030 (USD Million)
6.7.4. Australia
6.7.4.1. Australia elder care assistive robots market, 2018 - 2030 (USD Million)
6.7.5. South Korea
6.7.5.1. South Korea elder care assistive robots market, 2018 - 2030 (USD Million)
6.7.6. Thailand
6.7.6.1. Thailand elder care assistive robots market, 2018 - 2030 (USD Million)
6.8. Latin America
6.8.1. Brazil
6.8.1.1. Brazil elder care assistive robots market, 2018 - 2030 (USD Million)
6.8.2. Argentina
6.8.2.1. Argentina elder care assistive robots market, 2018 - 2030 (USD Million)
6.9. MEA
6.9.1. South Africa
6.9.1.1. South Africa elder care assistive robots market, 2018 - 2030 (USD Million)
6.9.2. Saudi Arabia
6.9.2.1. Saudi Arabia elder care assistive robots market, 2018 - 2030 (USD Million)
6.9.3. UAE
6.9.3.1. UAE elder care assistive robots market, 2018 - 2030 (USD Million)
6.9.4. Kuwait
6.9.4.1. Kuwait elder care assistive robots market, 2018 - 2030 (USD Million)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Company Profiles
7.3.1. Intuition Robotics Inc
7.3.1.1. Company overview
7.3.1.2. Financial performance
7.3.1.3. Product benchmarking
7.3.1.4. Strategic initiatives
7.3.2. Toyota (GB) PLC.
7.3.2.1. Company overview
7.3.2.2. Financial performance
7.3.2.3. Product benchmarking
7.3.2.4. Strategic initiatives
7.3.3. SoftBank Robotics UK Ltd.
7.3.3.1. Company overview
7.3.3.2. Financial performance
7.3.3.3. Product benchmarking
7.3.3.4. Strategic initiatives
7.3.4. Blue Frog Robotics
7.3.4.1. Company overview
7.3.4.2. Financial performance
7.3.4.3. Product benchmarking
7.3.4.4. Strategic initiatives
7.3.5. KOMPAÏ robotics
7.3.5.1. Company overview
7.3.5.2. Financial performance
7.3.5.3. Product benchmarking
7.3.5.4. Strategic initiatives
7.3.6. Zorarobotics NV
7.3.6.1. Company overview
7.3.6.2. Financial performance
7.3.6.3. Product benchmarking
7.3.6.4. Strategic initiatives
7.3.7. YUJIN ROBOT Co., Ltd.
7.3.7.1. Company overview
7.3.7.2. Financial performance
7.3.7.3. Product benchmarking
7.3.7.4. Strategic initiatives
7.3.8. Panasonic Holdings Corporation
7.3.8.1. Company overview
7.3.8.2. Financial performance
7.3.8.3. Product benchmarking
7.3.8.4. Strategic initiatives
7.3.9. PARO Robots U.S., Inc.
7.3.9.1. Company overview
7.3.9.2. Financial performance
7.3.9.3. Product benchmarking
7.3.9.4. Strategic initiatives

List of Tables

Table 1 List of Secondary Sources
Table 2 List of Abbreviations
Table 3 Global elder care assistive robots market, by region, 2018 - 2030 (USD Million)
Table 4 Global elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 5 Global elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 6 North America elder care assistive robots market, by region, 2018 - 2030 (USD Million)
Table 7 North America elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 8 North America elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 9 U.S. elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 10 U.S. elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 11 Canada elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 12 Canada elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 13 Mexico elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 14 Mexico elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 15 Europe elder care assistive robots market, by region, 2018 - 2030 (USD Million)
Table 16 Europe elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 17 Europe elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 18 Germany elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 19 Germany elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 20 UK elder care assistive robots market, by type, (USD million) 2018-2030
Table 21 UK elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 22 France elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 23 France elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 24 Italy elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 25 Italy elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 26 Spain elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 27 Spain elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 28 Denmark elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 29 Denmark elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 30 Sweden elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 31 Sweden elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 32 Norway elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 33 Norway elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 34 Asia Pacific elder care assistive robots market, by region, 2018 - 2030 (USD Million)
Table 35 Asia Pacific elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 36 Asia Pacific elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 37 China elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 38 China elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 39 Japan elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 40 Japan elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 41 India elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 42 India elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 43 South Korea elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 44 South Korea elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 45 Australia elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 46 Australia elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 47 Thailand elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 48 Thailand elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 49 Latin America elder care assistive robots market, by region, 2018 - 2030 (USD Million)
Table 50 Latin America elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 51 Latin America elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 52 Brazil elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 53 Brazil elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 54 Argentina elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 55 Argentina elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 56 MEA elder care assistive robots market, by region, 2018 - 2030 (USD Million)
Table 57 MEA elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 58 MEA elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 59 South Africa elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 60 South Africa elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 61 Saudi Arabia elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 62 Saudi Arabia elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 63 UAE elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 64 UAE elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)
Table 65 Kuwait elder care assistive robots market, by type, 2018 - 2030 (USD Million)
Table 66 Kuwait elder care assistive robots market, by functionality, 2018 - 2030 (USD Million)

List of Figures

Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Elder care assistive robots market: outlook
Fig. 9 Elder care assistive robots competitive insights
Fig. 10 Ancillary market outlook
Fig. 11 Elder care assistive robots market driver impact
Fig. 12 Elder care assistive robots market restraint impact
Fig. 13 Porter’s Analysis
Fig. 14 PESTLE Analysis
Fig. 15 Elder care assistive robots market: Type movement analysis
Fig. 16 Elder care assistive robots market: Type outlook and key takeaways
Fig. 17 Physically assistive robots market estimates and forecast, 2018 - 2030
Fig. 18 Socially assistive robots estimates and forecast, 2018 - 2030
Fig. 19 Elder care assistive robots Market: Functionality movement Analysis
Fig. 20 Elder care assistive robots market: Functionality outlook and key takeaways
Fig. 21 Monitoring and surveillance market estimates and forecasts, 2018 - 2030
Fig. 22 Mobility assistance market estimates and forecasts, 2018 - 2030
Fig. 23 Social interaction market estimates and forecasts, 2018 - 2030
Fig. 24 Household tasks market estimates and forecasts, 2018 - 2030
Fig. 25 Global elder care assistive robots market: Regional movement analysis
Fig. 26 Global elder care assistive robots market: Regional outlook and key takeaways
Fig. 27 North America elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 28 Key country dynamics
Fig. 29 U.S. elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 30 Key country dynamics
Fig. 31 Canada elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 32 Key country dynamics
Fig. 33 Mexico elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 34 Europe elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 Key country dynamics
Fig. 36 UK elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 Key country dynamics
Fig. 38 Germany elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 39 Key country dynamics
Fig. 40 Spain elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 41 Key country dynamics
Fig. 42 France elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 43 Key country dynamics
Fig. 44 Italy elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 45 Key country dynamics
Fig. 46 Norway elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 47 Key country dynamics
Fig. 48 Denmark elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 49 Key country dynamics
Fig. 50 Sweden elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 51 Asia Pacific elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 52 Key country dynamics
Fig. 53 Japan elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 54 Key country dynamics
Fig. 55 China elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 56 Key country dynamics
Fig. 57 India elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 58 Key country dynamics
Fig. 59 Australia elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 60 Key country dynamics
Fig. 61 South Korea elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 62 Key country dynamics
Fig. 63 Thailand elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 64 Latin America elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 65 Key country dynamics
Fig. 66 Brazil elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 67 Key country dynamics
Fig. 68 Argentina elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 69 MEA elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 70 Key country dynamics
Fig. 71 South Africa elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 72 Key country dynamics
Fig. 73 Saudi Arabia elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 74 Key country dynamics
Fig. 75 UAE elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 76 Key country dynamics
Fig. 77 Kuwait elder care assistive robots market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 78 Key company categorization
Fig. 79 Heat map analysis, 2022 - 2023

Companies Mentioned

Intuition Robotics Inc
Toyota (GB) PLC.
SoftBank Robotics UK Ltd.
Blue Frog Robotics
KOMPAÏ robotics
Zorarobotics NV
YUJIN ROBOT Co., Ltd.
Panasonic Holdings Corporation
PARO Robots U.S., Inc.

Methodology

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Table Information

Report Attribute	Details
No. of Pages	150
Published	July 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 2.53 Billion
Forecasted Market Value ( USD ) by 2030	$ 6.69 Billion
Compound Annual Growth Rate	14.8%
Regions Covered	Global
No. of Companies Mentioned	9

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Elder Care Assistive Robots Market Size, Share & Trends Analysis Report By Type (Physically Assistive Robots, Socially Assistive Robots), By Functionality (Monitoring & Surveillance, Mobility Assistance), By Region, And Segment Forecasts, 2024 - 2030

Elder Care Assistive Robots Market Report Highlights

Table of Contents

Companies Mentioned

Methodology

Table Information

Elder Care Assistive Robots Market Report Highlights

Table of Contents

Companies Mentioned

Methodology

Table Information

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