Latin America Elder Care Assistive Robots Market Size & Outlook
Latin America elder care assistive robots market, 2018-2030 (US$M)
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Latin America elder care assistive robots market highlights
- The Latin America elder care assistive robots market generated a revenue of USD 130.6 million in 2023.
- The market is expected to grow at a CAGR of 14.3% from 2024 to 2030.
- In terms of segment, physically assistive robots was the largest revenue generating type in 2023.
- Physically Assistive Robots is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 130.6 million |
| Market revenue in 2030 | USD 333.2 million |
| Growth rate | 14.3% (CAGR from 2023 to 2030) |
| Largest segment | Physically assistive robots |
| Fastest growing segment | Physically Assistive Robots |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Physically Assistive Robots, Socially Assistive Robots |
| Key market players worldwide | GB Group PLC, SoftBank Group Corp, Blue Frog Robotics, Panasonic Holdings Corp, PARO Robots, Intuition Robotics, Toyota Motor Corp, SoftBank Robotics Holdings, KOMPAÏ robotics, Yujin Robot |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.2% of the global elder care assistive robots market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,811.3 million by 2030.
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Elder Care Assistive Robots Market Scope
Elder Care Assistive Robots Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America elder care assistive robots market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to elder care assistive robots market will help companies and investors design strategic landscapes.
Physically assistive robots was the largest segment with a revenue share of 54.9% in 2023. Horizon Databook has segmented the Latin America elder care assistive robots market based on physically assistive robots, socially assistive robots covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America elder care assistive robots market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America elder care assistive robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America elder care assistive robots market size, by country, 2018-2030 (US$M)
Latin America Elder Care Assistive Robots Market Outlook Share, 2023 & 2030 (US$M)
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