Eldercare-Assistive Robots Market Size, Share & Trends Analysis Report By Type (Physically Assistive Robots, Socially Assistive Robots), By Region, And By Segment Forecasts, 2025-2034

Global Eldercare-Assistive Robots Market Size is valued at USD 2.7 Bn in 2024 and is predicted to reach USD 8.5 Bn by the year 2034 at a 11.9% CAGR during the forecast period for 2025-2034.

Eldercare assistive robots are specifically engineered machines created to aid senior individuals in performing daily activities and enhance their overall well-being. These robots can enhance the ability of elderly individuals to maintain their independence for a longer duration by providing aid and alleviating the workload of caregivers. Integrating these robots into the daily routines of elderly folks not only enhances their health and safety but also alleviates the workload of caregivers and enhances the overall effectiveness of eldercare. With the progression of technology, these robots are anticipated to acquire more advanced capabilities, augmenting their potential to assist the elderly population.

These robots are equipped with various features such as mobility assistance, companionship, medication reminders, and remote monitoring capabilities, catering to the diverse needs of elderly individuals and their caregivers. The increased utilization of assistive robotics in eldercare facilities can be attributed to the COVID-19 pandemic, which has increased demand for these devices by providing solutions for social distancing and minimizing human interaction.

These robots assist with tasks such as monitoring vital signs, medication reminders, and companionship, addressing the challenges of staff shortages and isolation among the elderly. The pandemic highlighted the importance of remote caregiving solutions, prompting increased investment and innovation in this sector. Post-pandemic, the market for assistive robots is expected to continue growing as societies seek efficient and safe ways to provide care for ageing populations, enhancing the quality of life for seniors. 

Competitive Landscape

Some Major Key Players In The Eldercare-Assistive Robots Market:

• Paro Robots
• SoftBank Robotics
• Togo Seisakusyo Corporation
• Taylor & Francis Group
• Robohub
• Aldebaran
• Hasbro
• Toyota Motor Corporation,
• Panasonic Corporation,
• Honda Motor Co., Ltd.,
• Cyberdyne Inc
• Kinova
• Omron Corporation
• Teradyne
• Ateago Technology
• Labrador Systems
• Other Market Players

Market Segmentation:

The Eldercare-Assistive Robots Market is segmented mainly by Type into Physically Assistive Robots, and Socially Assistive Robots. 

Based On Type, The Physically Assistive Robots Segment Accounts For A Major Contributor To The Eldercare-Assistive Robots Market.

Physically assistive robots are essential companions for older adults, namely in improving their ability to move and promoting self-reliance. These robots have state-of-the-art technologies, including sensors, actuators, and artificial intelligence algorithms. As a result, they can offer personalized assistance in a wide range of everyday tasks.

In The Region, The North American Eldercare-Assistive Robots Market Holds A Significant Revenue Share.

North America is expected to register the highest market share of revenue in the Eldercare-Assistive robot market, driven by the high adoption of several advanced technologies as well as the presence of key market players. The region's ageing population and the need for innovative caregiving solutions contribute to market growth: the increase in the burden of the elderly population and the rising demand for cost-effective caregiving options. The region's emphasis on healthcare advancements and supportive government initiatives further propel market expansion. The region's technological expertise, investment in research and development, and increasing awareness of eldercare-assistive robots drive market opportunities.

Recent Developments:

• In November 2022, Labrador Systems announced its intention to begin implementing its innovative assistive robots, specifically developed to offer assistance to elderly folks and those in need of daily life care. This technology possesses the capacity to revolutionize the domain of senior care in its entirety. The Labrador Retriever personal robot is designed to streamline the daily activities of elderly individuals.

Eldercare-Assistive Robots Market Report Scope

Segmentation of Eldercare-Assistive Robots Market -

Eldercare-Assistive Robots Market By Type-

• Physically Assistive Robots
• Socially Assistive Robots

Eldercare-Assistive Robots Market By Region-

North America-

• The US
• Canada

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Mexico
• Argentina
• The rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa