Market Overview:
The global robots for seniors market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for robots that can assist senior citizens in their day-to-day activities, rising geriatric population, and technological advancements in robotics. Based on type, the global robots for seniors market is segmented into pet robot and general robot. The pet robot segment is further sub-segmented into entertainment robot and service robot. The general robot segment includes healthcare robots, domestic service robots, and security & surveillance robots.
Product Definition:
A robot is a machine that can be controlled by a computer. They are used for many different purposes, such as manufacturing products, cleaning floors or cars, and even caring for the elderly or disabled.
Pet Robot:
PET ROBO TALK about PETS with ROOM-MATE like VOICE, VISITOR or COMPANIONSHIP.
Pet robot is a device that helps aged people to interact and communicate with their pets at home. It provides entertainment, comfort and companionship to the elderly as well as the young ones.
General Robot:
The global General Robot and it's usage in robots for seniors market size was valued at USD 1,17,867. The growing geriatric population coupled with increasing healthcare expenditure is expected to drive the demand over the forecast period. Moreover, rising awareness regarding automation among consumers is also anticipated to fuel growth over the next seven years.
Application Insights:
The home application segment accounted for the largest revenue share of over 70% in 2017. The growing need for companion robots to provide assistance and protection at home is expected to be a key factor driving the growth of this segment. General robots can help with household chores such as cleaning, cooking, and lawn mowing which will reduce the burden on aged parents. Moreover, robot pets can act as therapy animals that offer comfort when people are alone at home due to illness or injury. This will result in increased demand for robotic pets across homes globally.
Nursing homes are anticipated to witness significant growth over the forecast period owing to an increase in geriatric population across countries worldwide coupled with rising health issues caused by bed sores and pressure ulcers among other medical conditions like pneumonia.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing geriatric population and rapid technological advancements. Moreover, rising demand for companion robots is further expected to drive the regional market over the forecast period. Asia Pacific is anticipated to witness significant growth during the forecast period owing to rapidly aging population and growing awareness about robot-assisted therapy among patients in Japan, China, South Korea, India and Australia. Furthermore, supportive government initiatives are also expected to propel regional growth over the next eight years.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, reaching 1.6 billion by 2020. This will create a large pool of potential customers for robots for seniors market players.
- Rising demand for assisted living services: The demand for assisted living services is increasing due to the growing elderly population and their need for specialized care and assistance with activities of daily living (ADLs). This will drive the growth of the robots for seniors market in the coming years.
- Technological advancements: Robotics technology is evolving rapidly, with new applications being developed every day. This is resulting in increased adoption of robots by various industries, including healthcare and aged care facilities. This trend is likely to continue in the future, driving growth of the robots for seniors market worldwide..
Scope Of The Report
Report Attributes
Report Details
Report Title
Robots for Seniors Market Research Report
By Type
Pet Robot, General Robot
By Application
Nursing Home, Home
By Companies
Fraunhofer IPA, Ageless Innovation LLC, ElliQ, Fraunhofer IPA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Robots for Seniors Market Report Segments:
The global Robots for Seniors market is segmented on the basis of:
Types
Pet Robot, General Robot
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Nursing Home, Home
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fraunhofer IPA
- Ageless Innovation LLC
- ElliQ
- Fraunhofer IPA
Highlights of The Robots for Seniors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pet Robot
- General Robot
- By Application:
- Nursing Home
- Home
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Robots for Seniors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Robots for seniors are devices that help seniors with basic tasks such as bathing, dressing, and getting around. They can also provide companionship and help with activities like cooking or gardening.
Some of the key players operating in the robots for seniors market are Fraunhofer IPA, Ageless Innovation LLC, ElliQ, Fraunhofer IPA.
The robots for seniors market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Robots for Seniors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Robots for Seniors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Robots for Seniors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Robots for Seniors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Robots for Seniors Market Size & Forecast, 2018-2028
4.5.1 Robots for Seniors Market Size and Y-o-Y Growth
4.5.2 Robots for Seniors Market Absolute $ Opportunity
Chapter 5 Global Robots for Seniors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Robots for Seniors Market Size Forecast by Type
5.2.1 Pet Robot
5.2.2 General Robot
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Robots for Seniors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Robots for Seniors Market Size Forecast by Applications
6.2.1 Nursing Home
6.2.2 Home
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Robots for Seniors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Robots for Seniors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Robots for Seniors Analysis and Forecast
9.1 Introduction
9.2 North America Robots for Seniors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Robots for Seniors Market Size Forecast by Type
9.6.1 Pet Robot
9.6.2 General Robot
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Robots for Seniors Market Size Forecast by Applications
9.10.1 Nursing Home
9.10.2 Home
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Robots for Seniors Analysis and Forecast
10.1 Introduction
10.2 Europe Robots for Seniors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Robots for Seniors Market Size Forecast by Type
10.6.1 Pet Robot
10.6.2 General Robot
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Robots for Seniors Market Size Forecast by Applications
10.10.1 Nursing Home
10.10.2 Home
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Robots for Seniors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Robots for Seniors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Robots for Seniors Market Size Forecast by Type
11.6.1 Pet Robot
11.6.2 General Robot
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Robots for Seniors Market Size Forecast by Applications
11.10.1 Nursing Home
11.10.2 Home
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Robots for Seniors Analysis and Forecast
12.1 Introduction
12.2 Latin America Robots for Seniors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Robots for Seniors Market Size Forecast by Type
12.6.1 Pet Robot
12.6.2 General Robot
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Robots for Seniors Market Size Forecast by Applications
12.10.1 Nursing Home
12.10.2 Home
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Robots for Seniors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Robots for Seniors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Robots for Seniors Market Size Forecast by Type
13.6.1 Pet Robot
13.6.2 General Robot
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Robots for Seniors Market Size Forecast by Applications
13.10.1 Nursing Home
13.10.2 Home
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Robots for Seniors Market: Competitive Dashboard
14.2 Global Robots for Seniors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fraunhofer IPA
14.3.2 Ageless Innovation LLC
14.3.3 ElliQ
14.3.4 Fraunhofer IPA
