Market Definition: Global Telepresence Robot Market
A Telepresence Robot is the electronic device having wheels and controlled by remote which has wireless internet connectivity. In others worlds, it is device used for video communication. The device can also controlled by tablets, computers or smartphones. Telepresence robot commonly called as skype on wheels.
Market Analysis: Global Telepresence Robot Market
Global Telepresence Robot Market is driven by low cost of telepresence robot, demand from healthcare & homecare and efficiency & high accuracy of telepresence robot is rising estimated value from USD 149.8 million in 2018 to an estimated value of USD 481.03million by 2026, registering a CAGR of 15.7% in the forecast period of 2019-2026.
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Major Market Competitors/Players: Global Telepresence Robot Market
Few of the major competitors currently working in telepresence robot market are Inbot Technology, Double Robotics Inc., Bossa Nova Robotics Suitable Technologies Inc., VGo Communications Inc, Mantaro Networks Inc.., InTouch Technologies Inc., Qihan Technology Co. Ltd., Anybots 2.0 Inc., Ava Robotics Inc., Camanio Care Inc., Xandex Inc., AXYN, OhmniLabs Inc., Xaxxon, Swivl Inc., HEASE ROBOTICS, Amy Robotics, Omron Corporation, , Fellow Inc., and iRobot Corporation.
- The telepresence robot market growing rapidly due to its low cost.
- Rising demand from healthcare and homecare is expected to drive the market growth
- Efficiency and high accuracy of telepresence robot boosting the overall market of telepresence robot globally.
- High technical and operating complications in telepresence robot is expected to restrain the market growth.
- High cost of telepresence robot is responsible for hampering the growth of the market.
Competitive Analysis: Global Telepresence Robot Market
Global Telepresence robot market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of telepresence robot market for global, Europe, North America, Asia Pacific and South America.
Segmentation: Global Telepresence Robot Market
- By Type
- By Hardware
- Power Source
- Sensors & Control Systems
- By Interface
- By Application
- By Geography
- North America
- South America
- Middle East and Africa
Key Developments in the Market:
- In April 2018, InTouch Technologies Inc. announced that they had established a definitive agreement with REACH Health for its acquisition, expanding its market share in healthcare market
- In January 2018, Suitable Technologies Inc. announced the launch of its ultra-high end telepresence robots known as BeamPro2. The product helps to extent the company’s product portfolio which further increases the company’s overall revenue.
Research Methodology: Global Telepresence Robot Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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