A recent report published by Infinium Global Research on telepresence robots market provides an in-depth analysis of segments and sub-segments in the global as well as regional telepresence robots market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional telepresence robots market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global telepresence robots market. According to the report, the global telepresence robots market is projected to grow at a CAGR of 15.3% over the forecast period of 2019-2025.
The telepresence robot is the next stage of evolution beyond stationary video conferencing. This technology is taking advantage of the existing telecommunications infrastructure and recent advances in robotics technology. The core enabling technologies for these robots are already widespread in the market, with costs on a steady downward trajectory, and no significant barriers exist to broader levels of adoption in the years to come. Diagnosis, treatment, and surgery of patients are done from remote locations in the telemedicine. The physicians from offsite locations have been using skype and other multimedia software as a medium to provide instructions during critical treatments. Healthcare, business, and education institutes are estimated to be the potential markets of telepresence robots worldwide.
The rising demand from the healthcare sector is the major driving factor for telepresence robots market. Furthermore, factors such as the increase in demand for teleconferences and the increased need for organizational efficiency are other driving factors for the market growth. Personal telepresence robots in various sectors such as healthcare, education, retail and hospitality sectors, and others are boosting the market growth. The growing overseas businesses across the world increased the strength of virtual meetings & created demand for telepresence robots across the globe. However, the high cost of telepresence robots is restraining the growth of the telepresence robots market. Moreover, technological advancement in telepresence robots is expected to provide growth opportunities to the market players.
Geographically, North America dominates the global telepresence robots market owing to the presence of critical supporting infrastructure, such as communication and power in this region. In North America, educational institutions, such as schools in the region are promptly using technological products to develop and improve the learning experience of the students. This has also helped in making the regional market enjoy the dominant share in this market.
The report on global telepresence robots market covers segments such as product type and end-user application. On the basis of product type, the sub-markets include stationary, and mobile. On the basis of end-user application, the sub-markets include education, healthcare, business, security, and other end-user applications.
The report provides profiles of the companies in the market such as VGo Communications, Inc., InTouch Health, Double Robotics, Inc., Anybots Inc., iRobot Corporation, Suitable Technologies, Inc., Amy Robotics, Mantaro Product Development Services, Inc., Xandex Inc., Vecna Technologies, Inc., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of telepresence robots market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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