Latin America Elder Care Assistive Robots Market Size & Outlook

The elder care assistive robots market in Latin America is expected to reach a projected revenue of US$ 333.2 million by 2030. A compound annual growth rate of 14.3% is expected of Latin America elder care assistive robots market from 2024 to 2030.
Revenue, 2023 (US$M)
$130.6
Forecast, 2030 (US$M)
$333.2
CAGR, 2024 - 2030
14.3%
Report Coverage
Latin America

Latin America elder care assistive robots market, 2018-2030 (US$M)

Latin

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 2023USD 130.6 million
Market revenue in 2030USD 333.2 million
Growth rate14.3% (CAGR from 2023 to 2030)
Largest segmentPhysically assistive robots
Fastest growing segmentPhysically Assistive Robots
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPhysically Assistive Robots, Socially Assistive Robots
Key market players worldwideGB 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 Companies

Name Profile # Employees HQ Website

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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  • Our clientele includes a mix of elder care assistive robots market companies, investment firms, advisory firms & academic institutions.
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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)

Latin America elder care assistive robots market size, by country, 2018-2030 (US$M)

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