LONDON--(BUSINESS WIRE)--According to the latest research study released by Technavio, the global telepresence robots market is expected to record a CAGR of more than 53% until 2020.
This research report titled ‘Global Telepresence Robots Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for end-user segments, including organizations and business enterprises, hospitals and healthcare facilities, education and training, homecare and rehabilitation centers, and others.
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“Most enterprises have started offering flexible working hours and virtual workstations to their employees, thereby liberating them from time and location constraints. However, communication becomes essential at all times while working from a distant location from the office with clients, superiors, and other colleagues to ensure smooth functioning. Telepresence robots are an effective and reliable means of communication, and it enables the virtual presence of individuals in the working space,” said Bharath Kanniappan, one of Technavio’s lead analysts for robotics research.
“Thus, the increased demand for virtual communications coupled with distinct advantages of telepresence robotics have led to its increased adoption, and it is predicted to increase further during the forecast period,” added Bharath.
Global telepresence robots market by end-users 2015
- Organizations and business enterprises 42.6%
- Hospitals and healthcare facilities 21.7%
- Education and training 21%
- Homecare and rehabilitation centers 6.22%
- Others 8.48%
Source: Technavio research
Global telepresence robots market in the organizations and business enterprises segment
The global telepresence robots market in the organizations and business enterprises segment was valued at USD 26.26 million in 2015. Telepresence robots are ideal means of communication at the workplace mainly due to the availability of reliable Wi-Fi connections. At present, telepresence robots are adapted to function in 4G and 5G cellular network, which will make the robot extremely mobile, as it can maneuver itself in warehouses and factories where Wi-Fi coverage may not be available. In the industrial and business world where time is money and innovative solutions are the need of the hour, telepresence robots have created a niche for themselves. They ensure the financial well-being of the corporation by efficient monitoring of remote assets, machinery; supervision of employees; and regulation of production.
Global telepresence robots market in the hospitals and healthcare facilities segment
The global telepresence robots market in the hospitals and healthcare facilities segment was valued at USD 13.38 million in 2015. Telepresence robots have immensely helped medical facilities to grow their outreach to patients and save time and travel costs without compromising on communication and examination. In 2011, the InTouch Healthcare Company developed a mobile robot called RP-7 to enable physicians to be remotely present for diagnosis. Thus, effectively eradicating time and distance barriers and extending the physician’s scope of services.
It is also equipped with a direct connection to Class II medical devices, such as electronic stethoscopes, otoscopes, and ultrasound, for transmission of relevant medical data to the physician who may request it from a remote distance. In the case of routine follow-ups, prescription doubts, and non-life threatening emergencies, doctors can easily discuss treatments, dosages and check on the wellbeing of their patients in a cost-effective manner.
Global telepresence robots market in the education and training centers segment
The telepresence robots market in the education and training segment was valued at USD 12.95 million in 2015. Telepresence robots may offer unique solutions, allowing young minds to participate actively in their school lives. For instance, in Lyndon Baty, a high school situated in Knox City, a young student with a physical disability is attending lectures from his house using a VGo robot that helps him spend time with friends during lunch breaks and roam hallways without straining his health. In February 2015, the Michigan State University commenced a project, which allowed telepresence robots to act as substitutes for online students. This was part of a conscious effort to ensure equal participation of all students, including those who are online and often miss out on debates and face-to-face discussions to prevent them from being ignored.
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