Pune, India, Oct. 21, 2021 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global medical telepresence robots market size was worth USD 205.2 million in 2020 and is likely to reach a valuation of USD 597.7 million by the year 2027, exhibiting a y-o-y growth rate of 16.50% during the study duration.
A granular analysis of the market segmentations alongside their respective contribution towards the overall industry remuneration is also encompassed in the document. The research report also talks about the major companies operating in this business space, highlighting the business-centric strategies deployed by each contender to acquire a competitive lead.
Beneficial attributes associated with the product such as high efficiency during virtual meetings and flexibility have impelled the demand for such technology among enterprises and healthcare applications, which in turn is a key factor propelling the growth of global medical telepresence robots industry.
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Telepresence robots are usually equipped with accelerators, sensors, and video conferencing technologies which can be remotely monitored. The technology essentially offers a virtual presence of a human and is equipped with tablets, wheel-based moving stand, and other facilitates.
The device is known to streamline communication between people at various remote locations. Moreover, these robots use high-speed internet connection for multimedia applications, which in turn is stimulating the overall industry outlook.
Technological advancements in this business space are also paving the way towards increased product penetration. In January 2018 for instance, Suitable Technologies introduced a BeamPro 2 robot that helps to improve communication in an organization.
Technical complexities associated with the product owing to lack of proper planning and high frequency of operational failures could act as a bottleneck to global medical telepresence robots industry expansion.
A summary of the regional outlook
The global scope of operations of this market space involves regions such as Latin America, Europe, Asia-Pacific, North America, and the rest of the world.
Asia-Pacific currently accounts for the largest share in global medical telepresence robots industry is likely to continue showing robust growth in the ensuing years. Escalating investments in the healthcare sector is favoring the regional market outlook.
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Meanwhile, North America is also deemed to develop as a major revenue generator for this industry vertical, primarily due to availability of advanced network infrastructure and widespread adoption of advanced technologies.
Global Medical Telepresence Robots Market Component Type (Revenue, USD Million, 2018-2027)
- Head
- Microphone
- Speaker
- Display
- Camera
- Body
- Sensor and Control System
- Power Source
- Others
Global Medical Telepresence Robots Market by Type (Revenue, USD Million, 2018-2027)
- Mobile
- Stationary
Global Medical Telepresence Robots Market Application Reach (Revenue, USD Million, 2018-2027)
- Homecare
- Enterprise
- Healthcare
- Education
- Others
Global Medical Telepresence Robots Market Geographical Analysis (Revenue, USD Million, 2018-2027)
North America
- United States
- Canada
Asia-Pacific
- South Korea
- China
- Japan
- India
- Australia
Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
Europe
- United Kingdom
- France
- Spain
- Germany
- Italy
- Rest of Europe
Rest of the World
Global Medical Telepresence Robots Market Competitive Landscape (Revenue, USD Million, 2018-2027)
- SuperDroid Robots
- Amy Robotics Co. Ltd.
- Qihan Technology Co. Ltd.
- InTouch Technologies Inc.
- VGo Communications Inc.
- Mantaro Networks Inc.
- Suitable Technologies
- Inbot Technology Ltd.
- Double Robotics
- Anybots Inc.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Million)
1.2.1. Medical Telepresence robots Market, by region, 2019-2027 (USD Million)
1.2.2. Medical Telepresence robots Market, by Component Type, 2019-2027 (USD Million)
1.2.3. Medical Telepresence robots Market, by Type, 2019-2027 (USD Million)
1.2.4. Medical Telepresence robots Market, by Application, 2019-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Medical Telepresence robots Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Medical Telepresence robots Market Dynamics
3.1. Medical Telepresence robots Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Enhanced operational efficiency in enterprises due to the virtual meeting
3.1.1.2. High demand from the healthcare industry
3.1.2. Market Restraint
3.1.2.1. Technical complexities leading to operational failures
3.1.3. Market Opportunities
3.1.3.1. Advancement in robotic technology
Chapter 4. Global Medical Telepresence robots Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Medical Telepresence Robots Market, by Component Type
5.1. Market Snapshot
5.2. Global Medical Telepresence Robots Market by Component Type, Performance - Potential Analysis
5.3. Global Medical Telepresence Robots Market Estimates & Forecasts by Component Type 2018-2027 (USD Million)
5.4. Medical Telepresence robots Market, Sub Segment Analysis
5.4.1. Head
• Camera
• Display
• Speaker
• Microphone
5.4.2. Body
• Power Source
• Sensors and control system
• Others
Chapter 6. Global Medical Telepresence Robots Market, by Type
a. Market Snapshot
6.1. Global Medical Telepresence Robots Market by Type, Performance - Potential Analysis
6.2. Global Medical Telepresence Robots Market Estimates & Forecasts by Type 2018-2027 (USD Million)
6.3. Medical Telepresence robots Market, Sub Segment Analysis
6.3.1. Stationary
6.3.2. Mobile
Chapter 7. Global Medical Telepresence Robots Market, by Application
b. Market Snapshot
7.1. Global Medical Telepresence Robots Market by Application, Performance - Potential Analysis
7.2. Global Medical Telepresence Robots Market Estimates & Forecasts by Application 2018-2027 (USD Million)
7.3. Medical Telepresence robots Market, Sub Segment Analysis
7.3.1. Education
7.3.2. Healthcare
7.3.3. Enterprise
7.3.4. Homecare
7.3.5. Others
Chapter 8. Global Medical Telepresence Robots Market, Regional Analysis
Related Report:
Medical Robots Market Size, COVID19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 - 2027
The medical robots market size is projected to observe substantial growth worldwide over the forecast timeframe 2021-2027, owing to the proliferating demand for efficient surgeries and increasing focus on reducing the risk of infections for healthcare professionals involved in traditional surgical procedures. Following the COVID-19 outbreak, it was crucial to protect healthcare professionals from getting infected due to exposure to the novel coronavirus. Across many facilities, medical robots allowed medical professionals to undertake patient care without the threat of getting infected. These equipment refer to robotic machines employed in the field of health sciences. The robots allow surgeons to dexterously operate surgical instruments in and around the patient's body during minimally-invasive surgeries. In the regional landscape, the Asia Pacific medical robots market valuation surpassed USD 1,606 million in 2020 and is anticipated to expand at a CAGR of 17.8% through the projected period. The ever-increasing global geriatric population and increasing investment towards healthcare automation, coupled with supportive health coverage policies by governments, are estimated to contribute to the regional market over 2021-2027.
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