Artificial Intelligence (AI) In Geriatric Robotics Market - Forecasts from 2024 to 2029

Artificial Intelligence (AI) In Geriatric Robotics Market - Forecasts from 2024 to 2029

Artificial Intelligence (AI) in the geriatric robotics market is expected to grow at a CAGR of 21.60%, reaching a market size of US$2,231.707 million in 2029 from US$839.271 million in 2024.

The progress in Artificial Intelligence (AI) for geriatric robotics marks a milestone in providing comprehensive elderly care because it incorporates cognitive capabilities in machines to solve the problems brought about by the increase in the aging population. The continuous global orientation on older populations compels the need to enhance the mobility, well-being, and independence of elderly patients in new ways. These AI-powered geriatric robots, however, are more advanced than just companionship or social interaction and can help with everything from the performance of the activities of daily living to health care and monitoring activities. Hence, these machines are equipped with enhanced intelligent systems that allow them to provide specific and customized care to individual patients, thus increasing senior citizens' overall quality of life. AI in the geriatric robotics market is very promising since it can transform geriatric care, facilitate aging in place, and ease the burden on caregivers and the healthcare infrastructure.

Artificial Intelligence (AI) in Geriatric Robotics Market Drivers:
Integration of robotics in healthcare settings enhances AI in the geriatric robotics market.

Robotics integration in healthcare settings has improved both patient care and operational efficiency. The improved capabilities of robotics allow for accurate and repeated activities, decreasing human error and expediting medical processes. Surgical methods using robotic technologies allow a surgeon to perform with higher precision and less invasive techniques, leading to less time for recovery and better patient outcomes. In the context of aging populations, these robots significantly impact performing routine tasks, providing maintenance, and encouraging independence. Furthermore, these robots in health systems alleviate the workload of healthcare workers, allowing them to concentrate on more complicated and crucial patient care components. As advancements in robotics are still being reported, so is the use of the technology in various healthcare settings, enhancing healthcare provision and patient satisfaction.

Artificial Intelligence (AI) in Geriatric Robotics Market Geographical Outlook
North America is witnessing exponential growth during the forecast period

North America leads the world regarding AI in the geriatric robotics market. The region's leadership can be attributed to several factors, including a developed healthcare system, an aging population, and significant investments in cutting-edge technologies like artificial intelligence and robots. Numerous notable companies and research institutions in North America are developing AI-powered geriatric robotics solutions, propelling product innovation and market expansion. The region's prominence in the AI in geriatric robotics market has also been aided by rising awareness of the potential advantages of AI-driven robots in aged care and a growing demand for efficient and customized senior care.

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Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
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The Artificial Intelligence (AI) in geriatric robotics market is segmented and analyzed as follows:

By Technology

Machine Learning
Deep Learning
Natural Language Processing (NLP)
Computer Vision
Others

By Robot Type

Assistive Robots
Companion Robots
Socially Assistive Robots
Telepresence Robots
Others

By Application

Healthcare And Medical Assistance
Social And Emotional Support
Monitoring And Safety
Rehabilitation And Physical Therapy
Others

By End-User

Nursing Homes And Assisted Living Facilities
Hospitals And Clinics
Home Care Settings
Research Institutes
Others

By Geography

North America
United States
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
Japan
China
India
South Korea
Indonesia
Taiwan
Others