Eldercare Assistive Robots Market Insights Video

According to Cognitive Market Research, the global Eldercare Assistive Robots market size was USD 2814.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 15.20% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 1125.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 844.26 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 647.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 140.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.6% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 56.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.9% from 2024 to 2031.
• In 2023, physically assistive robots led the elder care assistive robotics market