Eldercare Assistive Robots Market Surges, Anticipating US$ 8,096.3 Million Valuation by 2033

The eldercare assistive robots market is expected to grow steadily at a CAGR of 12.4% over the forecast period. As of the year 2023, the market is valued at approximately US$ 2,508.1 million, and there are projections suggesting that it could potentially reach a value of US$ 8,096.3 million by the year 2033.

The demand for eldercare assistive robots is rising due to the increasing geriatric population in various regions. As per the UN report, 1 out of 6 people aged 65 and above is likely to face a demographic disaster shortly in the coming years. On the other hand, a survey conducted in Japan in 2012 states that the segment of the population aged 65 and above constituted around 22% in 2012, with projections foreseeing an impressive surge to about 40% by 2060. Hence, the eldercare assistive robots market share is likely to increase considerably during the forecast period.

Request for a Sample of this Research Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-2409

Factors like camera-enabled sensors that monitor the senior citizen as well as the privacy, comfort, and security ensured by these robots spur the demand for eldercare-assistive robots during the assessment period. Again, these robots fulfill the role of a medical practitioner while also providing human-like companionship to the patient. These eldercare-assistive robots can improve the health and psychological well-being of the elderly in numerous ways including reminding them of daily tasks and other important information- which would be a tremendous help to dementia patients.

Key Takeaways from the Eldercare Assistive Robots Market Report:

High costs and lack of acceptance may stymie the eldercare-assistive robots market growth.

The eldercare-assistive robots market in North America will account for 40% of the global market share during the forecast period.

Asia Pacific’s eldercare-assistive robots market is anticipated to be the fastest growing market.

The eldercare-assistive robots market in Europe will hold 23.1% of the overall market share.

The start-ups in this market are focusing on product innovation and adoption of new technologies.

More Insights into Eldercare-Assistive Robots Market Report

In its latest report, FMI offers an unbiased analysis of the global eldercare-assistive robots market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (physically assistive robots, socially assistive robots), and region.

According to the latest FMI reports, based on region, the eldercare-assistive robots market in North America will dominate the global marketplace. The target market in this region will account for 40% of the overall market share during 2022-2032. Rising adoption of advanced technology of eldercare-assistive robots, increasing rehabilitation healthcare industry, and favorable government initiatives propel the growth of the eldercare-assistive robots market in North America. 

Comments

Post a Comment

Popular posts from this blog

Inventory Management Software Market Insights, Deep Analysis of Key Companies in the Industry 2022 to 2028

Image
The global inventory management software market is projected to achieve a market value of approximately US$ 3,291.1 million by the year 2028, with a steady CAGR of around 11.2% anticipated for the period spanning from 2022 to 2028. The demand for inventory management software is a significant portion, making up about 25% of the entire global market for warehouse management systems. One of the main reasons for this is the growing preference for simple and user-friendly tools to keep track of assets. Additionally, a notable trend contributing to this market's growth is the increased use of interconnected devices. The increasing need for better inventory management in the manufacturing industry is boosting the market. When there's not enough inventory, manufacturing can come to a stop. And if inventory isn't managed well, it can cause problems for manufacturing companies' productivity. Request for a Sample of this Research Report: https://www.futuremarketinsights.com/re
Read more

Embedded Banking Market: Key Players, Applications, Outlook, SWOT Analysis And Forecasts 2022 to 2032

Image
The  embedded banking market would develop at a considerable CAGR of roughly 22.1% between 2022 and 2032, according to the Future Market Insights (FMI) embedded banking industry report. The market will be valued at US$ 14.5 Billion by 2022 and US$ 106.8 Billion by 2032 according to the analysis. Embedded finance has already begun to expedite financial operations in both consumer and business transactions by lowering the barriers to entry for various products and services, according to Future Market Insights. The introduction of financial services or instruments, normally obtained through a bank, within the products or services of a non-financial company, is referred to as embedded finance. People used to have to physically go to a bank to get a loan, or a business buyer would have to spend hours filling out paperwork to get trade credit. These services are now commonly available at retail locations. Embedded Banking Market Request for a Sample of this Research Report: https://www.fu
Read more

Sports Betting Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Image
The sports betting market is predicted to be worth US$ 91,940.9 million in 2023, rising at a CAGR of 10.3% to US$ 245,792.4 million by 2033. The expanding prevalence of connected devices, sports betting implementation, and developing digital infrastructure all add to the increasing demand for sports betting. The increased desire for the digitalization of sports betting might have a positive effect on the online section of the sports betting industry, which is expected to enjoy substantial growth throughout the projected period. However, to provide consumers with new sports betting market options for employment and enriching experiences, several governments are establishing frameworks influencing forthcoming trends in the sports betting market. Request for a Sample of this Research Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15132 One of the important developments in the sports betting market is the expanding impact of technologies including blockchain, virtua
Read more