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.
The Eldercare-Assistive Robots Market is segmented mainly by Type into Physically Assistive Robots, and Socially Assistive Robots.
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.
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.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 2.7 Bn |
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Revenue Forecast In 2034 |
USD 8.5 Bn |
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Growth Rate CAGR |
CAGR of 11.9% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
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 and other market players. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Eldercare Assistive Robots Market Snapshot
Chapter 4. Global Eldercare Assistive Robots Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Types Estimates & Trend Analysis
5.1. by Types & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Types:
5.2.1. Physically Assistive Robots
5.2.2. Socially Assistive Robots
Chapter 6. Eldercare Assistive Robots Market Segmentation 2: Regional Estimates & Trend Analysis
6.1. North America
6.1.1. North America Eldercare Assistive Robots Market Revenue (US$ Million) Estimates and Forecasts by Types, 2021-2034
6.1.2. North America Eldercare Assistive Robots Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
6.2. Europe
6.2.1. Europe Eldercare Assistive Robots Market Revenue (US$ Million) Estimates and Forecasts by Types, 2021-2034
6.2.2. Europe Eldercare Assistive Robots Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
6.3. Asia Pacific
6.3.1. Asia Pacific Eldercare Assistive Robots Market Revenue (US$ Million) Estimates and Forecasts by Types, 2021-2034
6.3.2. Asia Pacific Eldercare Assistive Robots Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
6.4. Latin America
6.4.1. Latin America Eldercare Assistive Robots Market Revenue (US$ Million) Estimates and Forecasts by Types, 2021-2034
6.4.2. Latin America Eldercare Assistive Robots Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
6.5. Middle East & Africa
6.5.1. Middle East & Africa Eldercare Assistive Robots Market Revenue (US$ Million) Estimates and Forecasts by Types, 2021-2034
6.5.2. Middle East & Africa Eldercare Assistive Robots Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 7. Competitive Landscape
7.1. Major Mergers and Acquisitions/Strategic Alliances
7.2. Company Profiles
7.2.1. Paro Robots
7.2.2. SoftBank Robotics
7.2.3. Togo Seisakusyo Corporation
7.2.4. Taylor & Francis Group
7.2.5. Robohub
7.2.6. Aldebaran
7.2.7. Hasbro
7.2.8. Toyota Motor Corporation,
7.2.9. Panasonic Corporation,
7.2.10. Honda Motor Co., Ltd.,
7.2.11. Cyberdyne Inc
7.2.12. Kinova
7.2.13. Omron Corporation
7.2.14. Teradyne
7.2.15. Ateago Technology
7.2.16. Labrador Systems
7.2.17. Other Market Players
Eldercare-Assistive Robots Market By Type-
Eldercare-Assistive Robots Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
