The Asia Pacific Medical Telepresence Robots Market would witness market growth of 22.3% CAGR during the forecast period (2021-2027).
The high adoption of medical telepresence robots by numerous healthcare facilities is supporting the growth of medical telepresence robots. In addition, the increasing advancements and innovations taking place in medical telepresence robots would accelerate its demand from medical professionals. Additionally, the growing geriatric population and the high prevalence of chronic diseases are anticipated to propel the growth of the medical telepresence robots market in the coming years.
The technical glitches faced while operating the robot are one of the major challenges faced by the operators that further results in operational failures. The lack of expertise among the professionals is estimated to hamper the demand for medical telepresence robots. In addition, insufficient employee training, high costs, and the breach of data security are some of the key restricting factors of the medical telepresence robots market.
The increasing adoption of numerous advanced technologies across the medical sector is accelerating the demand for medical telepresence robots in the region. In addition, the presence of early adopters in emerging nations like India and China would support the growth of the regional medical telepresence robots market. The rising government initiatives to motivate companies for further developing advanced technologies are motivating key market players to fulfil the requirements of the medical sector.
Moreover, the rising number of key manufacturers in countries like China is augmenting the growth of the medical telepresence robots market in this region. Further, some countries like India and China are among the worst-hit countries by the COVID-19 pandemic, which makes these nations a potential market for the adoption of medical telepresence robots.
The China market dominated the Asia Pacific Home Use Market by Country in 2020, thereby, achieving a market value of $2,911.1 Thousands by 2027. The India market is anticipated to witness a CAGR of 31.1% during (2021 - 2027). Additionally, The Japan market is exhibiting to witness a CAGR of 31.3% during (2021 - 2027).
Based on Component, the market is segmented into Microphone, Speaker, Display, Sensors & Control System, Camera and Power Source. Based on Type, the market is segmented into Mobile and Stationary. Based on End Use, the market is segmented into Hospitals & Assisted Living Facilities and Home Use. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Medical Telepresence Robots Market is Projected to reach USD 129 Million by 2027, at a CAGR of 20.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Blue Ocean Robotics, TELADOC HEALTH, INC., OhmniLabs, Inc., VGo Communications, Inc. (Vecna Technologies, Inc.), Xandex, Inc., Double Robotics, Inc., Amy Robotics Co., Ltd., Ava Robotics, Inc., and AXYN Robotics.
By Component
By Type
By End Use
By Country
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