Healthcare Companion Robots Market Analysis

Age Group (Children, Adult, Geriatric)

Geriatric segment is predicted to hold healthcare companion robots market share of over 58.2% by the end of 2037. This demographic often faces a range of health challenges which make them ideal candidates for companion robots. While traditionally seen as a tech-resistant group, the elderly population is now becoming increasingly familiar with technology, driven by user-friendly interfaces. Cognitive conditions such as dementia, and Alzheimer’s disease prevalence are rapidly increasing. As per a report by the Alzheimer’s Association in March 2023, nearly 6.7 million Americans aged 65 and above are suffering from Alzheimer's dementia today. This number is projected to reach 13.8 million by 2060. These factors are projected to boost the rising demand for healthcare companion robots during the forecast period.

End use (Nursing homes and elderly care centers, Hospitals and clinics, Home healthcare)

The nursing homes and elderly care centers segment in healthcare companion robots market is expected to register considerable growth during the forecast period. This is primarily due to their unique requirements for patient care and the increasing emphasis on enhancing the quality of life for residents. As per a report by Statista dated November 2023, there were around 1.2 million nursing facility residents across the U.S. in 2023. New York and California registered the highest numbers of residents in the country. The integration of companion robots in these settings addresses various operational challenges, including demand for personalized care solutions, and staffing shortages. By automating routine tasks, companion robots allow caregivers to focus more on direct patient interaction and care, enhancing the overall quality of service provided to residents.

Our in-depth analysis of the global healthcare companion robots market includes the following segments: