Healthcare Companion Robots Market Regional Analysis:
North America Market Analysis
North America industry is estimated to hold largest revenue share of 40% by 2035. The rising cost of healthcare in the region has led to a push for automation and technology integration to enhance patient care while reducing costs. Major companies such as the Intuition Robotics, and Ageless Innovation are leading the development of robots offering cognitive engagement and companionship in the region. Moreover, rising awareness of mental health and emotional well-being has further fueled the adoption of these robots in hospitals, care facilities, and even homes, as a part of a holistic approach.
The U.S. presents the biggest healthcare companion robots market in the North American region owing to the rising demand for advanced care solutions for the aging population and the shortage of healthcare workers. Moreover, the rising demand for home-based care and the increasing prevalence of chronic illness are hyping the demand for companion robots majorly for healthcare in the country. Personalized and non-invasive care solutions are highly in demand. Hence, companion robots offering critical support and assistance in fulfilling daily tasks, offering emotional companionship, and monitoring health conditions, are also witnessing rising demands.
Canada healthcare companion robots market is also expected to witness considerable growth. The country aims to address the rising chronic health condition cases, reduce caregiver burnout, and support mental health through companionship. As the country’s government prioritizes patient-centered care, companion robots are becoming a key in delivering innovative, long-term care solutions. In May 2023, Axniix announced a partnership with robot manufacturer Aeolus to assist in healthcare.
APAC Market Statistics
APAC is experiencing rapid growth, spurred by technological advancements in AI and robotics, in addition to government initiatives. The region’s aging demographic is projected to accelerate the need for robotic solutions to assist in elder care and healthcare management. As per an article posted by the World Economic Forum, in October 2021, Asia-Pacific is likely to see the most rapid increase in older citizens by 2050. The shortage of healthcare workers is also boosting the demand for companion robots to bridge the gap between rising healthcare services demand and the available workforce in the region.
China healthcare companion robots market is gaining momentum, driven by the rapidly aging population, urbanization, and growing demand for healthcare innovation. Companion robots are emerging as a key solution, providing daily task assistance, and health monitoring, particularly in the urban areas of the country where family caregivers are limited. Companies are also extending their footprint in the country owing to the rising demands. For instance, in Jun 2024, the family companion robot, named LOVOT, by GROOVE X, opened its first physical store in Shanghai, China. Furthermore, the local government is also investing heavily in robotics as a part of its Made in China 2025 initiative, aiming to enhance healthcare infrastructure through technological innovation.
The senior population in South Korea is growing rapidly making up about 8.53 million, which is 16% of the total population in the country, in 2021. As per Statistics Korea, the population is projected to reach 17 million by the end of 2040. With this rising number of elderly populations, there is an increasing chance of registering a rising number of patients suffering from dementia in the country. To address these factors, the local governments have introduced companion robots to single persons and those suffering from mental health issues, aiming to support their well-being. In September 2022, Mayongji Hospital announced the ongoing development of an AI-driven care robot for assistance to patients with dementia.
