Medical Telepresence Robots Market Set to Boom at 22.5% CAGR, Reaching US$459.1 Million by 2032 | FMI Study

Medical Telepresence Robots Market

The Medical Telepresence Robots Market is poised for a revolutionary transformation, according to a recent market analysis. Currently valued at approximately US$61.1 million in 2022, the market is expected to experience a phenomenal surge, growing at a robust Compound Annual Growth Rate (CAGR) of 22.5% over the next decade. This impressive trajectory is projected to propel the market to reach a staggering valuation of US$459.1 million by 2032.

FMI, renowned for its expertise in market and competitive intelligence, attributes this projected surge to a confluence of factors. The healthcare sector’s escalating demand for telepresence systems, combined with the proliferation of supporting devices and their increasing adoption in educational and recreational settings, is expected to propel the industry’s rapid advancement.

In 2021, the global market for Medical Telepresence Robots achieved a valuation of US$50.1 million, laying the foundation for the anticipated surge. The industry is poised to maintain a robust CAGR of 22.5% throughout the assessment period, solidifying its potential for transformative growth.

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Medical Telepresence Robots are manufactured by companies such as Amy Robotics, Ava Robotics, Blue Ocean Robotics, and InTouch Health. North American region dominates the Global Medical Telepresence Robots Industry share owing to the region’s increased adoption of artificial intelligence and robotics in the healthcare sector, as well as an increase in the number of regional players. Europe holds the second-largest share in the market followed by Asia.

The top application of Medical Telepresence Robots is when it is used in hospitals and assisted living services with a market size of US$ 34.9 Mn in 2021. This can be attributed to the increased adoption of telepresence robots in hospital settings as a result of features such as two-way communication from any distance and efficient teleconsultation and monitoring.

Key Takeaways from Medical Telepresence Robots Market Study

• The Medical Telepresence Robots market is anticipated to add 7.5X value by 2032
• The market is expected to expand at a considerable growth rate of 22.5% and be valued at US$ 459.1 Mn by 2032
• Amy Robotics and InTouch Health are the top giants in Medical Telepresence Robots manufacturing
• Based on type, Mobile Robots accounted for around 65.8% of the global market share in 2021

Global Medical Telepresence Robots Industry Key Players:

• Amy Robotics
• Ava Robotics Inc.
• AXYN Robotics
• Blue Ocean Robotics
• InTouch Health
• OhmniLabs, Inc.
• Rbot
• VGo Communications Inc.

More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Global Medical Telepresence Robots Industry, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by type (Stationary and Mobile), by components (Camera, Speaker, Microphone, Display, Power Source and Sensors), by end-use (Hospitals and Homes), and across key regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

Future Market Insights’ Domain Knowledge in Healthcare Division

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Healthcare domain team at Future Market Insights help clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analyzed the Healthcare industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

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Key Segments Covered In Medical Telepresence Robots Market Survey

Medical Telepresence Robots Market by Component:

• Camera
• Display
• Microphone
• Speaker
• Power Source
• Sensors and Control Systems

Medical Telepresence Robots Market by Type:

Medical Telepresence Robots Market by End Use:

• Hospitals and Assisted Living Services
• Home Use

Medical Telepresence Robots Market by Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia and ASEAN
• Oceania
• Middle East and Africa

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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