The global hospital robots market has grown rapidly in recent years. It will grow from $1.75 billion in 2023 to $2 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth in the historic period can be attributed to shortage of healthcare professionals, increasing elderly population, rising demand for minimally invasive surgery, demand for patient safety,.
The global hospital robots market is expected to see rapid growth in the next few years. It will grow to $3.42 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to telemedicine growth, government initiatives, growing demand for rehabilitation robots, increasing demand for surgical robots, growing demand for image-guided surgery, growing awareness of the benefits of hospital robots. Major trends in the forecast period include advancements in artificial intelligence (AI) and machine learning (ML), adoption of 5G technology, ai-driven personalized healthcare, robotics process automation (RPA), iot integration, robotic sterilization and cleaning, patient data security.
The hospital robot market is anticipated to experience growth driven by the increasing adoption of healthcare automation. Healthcare automation involves the utilization of technology and software to streamline and enhance various processes within the healthcare sector. Hospital robots play a pivotal role in healthcare automation by assisting surgeons in minimally invasive procedures within operating rooms. For instance, as of May 2021, findings from a survey conducted by The Healthcare Financial Management Association, a US-based healthcare association, revealed a notable surge in the deployment of automation technologies in hospitals. The survey included responses from 112 provider chief financial officers and financial and revenue cycle executives. It indicated that the adoption of automation technologies in hospitals had tripled from 2020 to 2021, with 50% of hospitals implementing automation technologies in 2021, compared to just 15% in 2020. This significant increase in healthcare automation is a key driver behind the growth of the hospital robot market.
The growth of the hospital robots market in the foreseeable future is expected to be propelled by the increasing number of surgical procedures. These procedures encompass a wide range of medical interventions conducted with precision and care within the controlled environment of an operating room. Hospital robots are finding increased utilization across various surgical specialties, including plastic and reconstructive surgeries, where they play a crucial role in enhancing precision and accuracy. This, in turn, leads to improved surgical outcomes, ultimately benefiting patients. For instance, in April 2022, data from the Aesthetic Society, a prominent organization representing approximately 2,600 plastic surgeons globally, indicated a remarkable 54% increase in the number of surgical procedures performed in 2021 compared to the preceding year, 2020. Furthermore, the average plastic surgeon conducted 320 surgical procedures in 2021, a substantial rise from the 220 procedures performed in 2020. As a result, the growing number of surgical procedures performed is a key driver behind the hospital robots market's expansion.
The potential semiconductor shortage is anticipated to impede the growth of the hospital robots market in the coming years. Semiconductor shortages can result in delays in the manufacturing of robots and other technology reliant on semiconductors, potentially affecting the production and advancement of new hospital robots. For instance, in 2021, ABB, a Switzerland-based manufacturer of industrial robots, was compelled to revise its sales outlook for the year downward due to semiconductor shortages. This scarcity hindered the company's ability to meet customer demand, especially when trying to boost output after the significant decline in activity caused by the pandemic. Consequently, the semiconductor shortage is poised to have a detrimental effect on the market's growth.
Prominent companies in the hospital robot market are increasingly concentrating on the introduction of hospital delivery robots equipped with elevator technology as a strategy to enhance their market revenues. Elevator technology is a critical component integrated into hospital robots to facilitate efficient and swift movement between different floors within a healthcare facility. As an illustration, in June 2023, Relay Robotics Inc., a US-based provider of robotics solutions, unveiled RelayRx for healthcare. RelayRx represents a hospital delivery robot designed to address the challenges posed by nursing shortages. These robots are instrumental in transporting essential hospital supplies, including test specimens, medications, and equipment. They ensure secure navigation through congested hospital environments while enhancing their navigational capabilities and incorporating security features for maintaining the chain of custody. Utilizing Relay's proprietary elevator technology, these robots can seamlessly traverse a hospital, connecting various areas such as the pharmacy and blood bank to patient rooms in an average time of seven minutes. This technological advancement marks a significant development in the hospital robot market.
In July 2022, Becton, Dickinson and Company (BD), a US-based medical technology company known for its healthcare robots, completed the acquisition of Parata Systems LLC for an undisclosed sum. This strategic move by BD is aimed at broadening its capabilities in team integration to promote future growth and innovation. The acquisition is intended to address pressing issues within the healthcare sector, including the shortage of clinicians, rising labor costs, the centralization of pharmacy services, and the increased clinical demands placed on pharmacy professionals. Parata Systems LLC, based in the United States, is a company specializing in pharmacy automation solutions.
Major players in the hospital robots market are McKesson Corporation, Johnson and Johnson, Siemens Healthineers, Yujin Robot, Medtronic PLC, ABB Group, Aethon, Becton Dickinson and Company, Stryker Healthcare, Zimmer Biomet Robotics, Intuitive Surgical Inc., KUKA, Omnicell Inc., iRobot Corporation, Globus Medical, Renishaw PLC, Auris Health Inc., Blue Ocean Robotics, PAL Robotics, SoftBank Robotics, Stereotaxis Inc., Verb Surgical Inc., Cyberdyne Inc., Mazor Robotics, Medrobotics Corporation.
North America was the largest region in the hospital robots market in 2023. The regions covered in hospital robots report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the hospital robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary product categories for hospital robots encompass autonomous mobile robots, disinfecting or sterilization robots, laboratory robots, and pharmacy robots. Autonomous mobile robots (AMRs) are robotic systems capable of autonomously performing tasks and navigating through their environment with minimal human intervention. They find deployment across a wide range of medical applications, including laparoscopy, pharmacy operations, orthopedic surgery, external beam radiation therapy, physical rehabilitation, neurosurgery, and others. Hospital robots are utilized by a diverse array of end-users, including hospitals, ambulatory surgery centers, rehabilitation centers, and various healthcare facilities.
This report provides hospital robots market statistics, including hospital robots industry global market size, regional shares, competitors with a hospital robots market share, detailed hospital robots market segments, market trends and opportunities and any further data you may need to thrive in the hospital robots industry. This hospital robots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hospital robot market consists of sales of surgical assist robots, care robots, telepresence robots and telemedicine robots. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The global hospital robots market is expected to see rapid growth in the next few years. It will grow to $3.42 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to telemedicine growth, government initiatives, growing demand for rehabilitation robots, increasing demand for surgical robots, growing demand for image-guided surgery, growing awareness of the benefits of hospital robots. Major trends in the forecast period include advancements in artificial intelligence (AI) and machine learning (ML), adoption of 5G technology, ai-driven personalized healthcare, robotics process automation (RPA), iot integration, robotic sterilization and cleaning, patient data security.
The hospital robot market is anticipated to experience growth driven by the increasing adoption of healthcare automation. Healthcare automation involves the utilization of technology and software to streamline and enhance various processes within the healthcare sector. Hospital robots play a pivotal role in healthcare automation by assisting surgeons in minimally invasive procedures within operating rooms. For instance, as of May 2021, findings from a survey conducted by The Healthcare Financial Management Association, a US-based healthcare association, revealed a notable surge in the deployment of automation technologies in hospitals. The survey included responses from 112 provider chief financial officers and financial and revenue cycle executives. It indicated that the adoption of automation technologies in hospitals had tripled from 2020 to 2021, with 50% of hospitals implementing automation technologies in 2021, compared to just 15% in 2020. This significant increase in healthcare automation is a key driver behind the growth of the hospital robot market.
The growth of the hospital robots market in the foreseeable future is expected to be propelled by the increasing number of surgical procedures. These procedures encompass a wide range of medical interventions conducted with precision and care within the controlled environment of an operating room. Hospital robots are finding increased utilization across various surgical specialties, including plastic and reconstructive surgeries, where they play a crucial role in enhancing precision and accuracy. This, in turn, leads to improved surgical outcomes, ultimately benefiting patients. For instance, in April 2022, data from the Aesthetic Society, a prominent organization representing approximately 2,600 plastic surgeons globally, indicated a remarkable 54% increase in the number of surgical procedures performed in 2021 compared to the preceding year, 2020. Furthermore, the average plastic surgeon conducted 320 surgical procedures in 2021, a substantial rise from the 220 procedures performed in 2020. As a result, the growing number of surgical procedures performed is a key driver behind the hospital robots market's expansion.
The potential semiconductor shortage is anticipated to impede the growth of the hospital robots market in the coming years. Semiconductor shortages can result in delays in the manufacturing of robots and other technology reliant on semiconductors, potentially affecting the production and advancement of new hospital robots. For instance, in 2021, ABB, a Switzerland-based manufacturer of industrial robots, was compelled to revise its sales outlook for the year downward due to semiconductor shortages. This scarcity hindered the company's ability to meet customer demand, especially when trying to boost output after the significant decline in activity caused by the pandemic. Consequently, the semiconductor shortage is poised to have a detrimental effect on the market's growth.
Prominent companies in the hospital robot market are increasingly concentrating on the introduction of hospital delivery robots equipped with elevator technology as a strategy to enhance their market revenues. Elevator technology is a critical component integrated into hospital robots to facilitate efficient and swift movement between different floors within a healthcare facility. As an illustration, in June 2023, Relay Robotics Inc., a US-based provider of robotics solutions, unveiled RelayRx for healthcare. RelayRx represents a hospital delivery robot designed to address the challenges posed by nursing shortages. These robots are instrumental in transporting essential hospital supplies, including test specimens, medications, and equipment. They ensure secure navigation through congested hospital environments while enhancing their navigational capabilities and incorporating security features for maintaining the chain of custody. Utilizing Relay's proprietary elevator technology, these robots can seamlessly traverse a hospital, connecting various areas such as the pharmacy and blood bank to patient rooms in an average time of seven minutes. This technological advancement marks a significant development in the hospital robot market.
In July 2022, Becton, Dickinson and Company (BD), a US-based medical technology company known for its healthcare robots, completed the acquisition of Parata Systems LLC for an undisclosed sum. This strategic move by BD is aimed at broadening its capabilities in team integration to promote future growth and innovation. The acquisition is intended to address pressing issues within the healthcare sector, including the shortage of clinicians, rising labor costs, the centralization of pharmacy services, and the increased clinical demands placed on pharmacy professionals. Parata Systems LLC, based in the United States, is a company specializing in pharmacy automation solutions.
Major players in the hospital robots market are McKesson Corporation, Johnson and Johnson, Siemens Healthineers, Yujin Robot, Medtronic PLC, ABB Group, Aethon, Becton Dickinson and Company, Stryker Healthcare, Zimmer Biomet Robotics, Intuitive Surgical Inc., KUKA, Omnicell Inc., iRobot Corporation, Globus Medical, Renishaw PLC, Auris Health Inc., Blue Ocean Robotics, PAL Robotics, SoftBank Robotics, Stereotaxis Inc., Verb Surgical Inc., Cyberdyne Inc., Mazor Robotics, Medrobotics Corporation.
North America was the largest region in the hospital robots market in 2023. The regions covered in hospital robots report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the hospital robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary product categories for hospital robots encompass autonomous mobile robots, disinfecting or sterilization robots, laboratory robots, and pharmacy robots. Autonomous mobile robots (AMRs) are robotic systems capable of autonomously performing tasks and navigating through their environment with minimal human intervention. They find deployment across a wide range of medical applications, including laparoscopy, pharmacy operations, orthopedic surgery, external beam radiation therapy, physical rehabilitation, neurosurgery, and others. Hospital robots are utilized by a diverse array of end-users, including hospitals, ambulatory surgery centers, rehabilitation centers, and various healthcare facilities.
This report provides hospital robots market statistics, including hospital robots industry global market size, regional shares, competitors with a hospital robots market share, detailed hospital robots market segments, market trends and opportunities and any further data you may need to thrive in the hospital robots industry. This hospital robots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hospital robot market consists of sales of surgical assist robots, care robots, telepresence robots and telemedicine robots. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Hospital Robots Market Characteristics3. Hospital Robots Market Trends and Strategies32. Global Hospital Robots Market Competitive Benchmarking33. Global Hospital Robots Market Competitive Dashboard34. Key Mergers and Acquisitions in the Hospital Robots Market
4. Hospital Robots Market - Macro Economic Scenario
5. Global Hospital Robots Market Size and Growth
6. Hospital Robots Market Segmentation
7. Hospital Robots Market Regional and Country Analysis
8. Asia-Pacific Hospital Robots Market
9. China Hospital Robots Market
10. India Hospital Robots Market
11. Japan Hospital Robots Market
12. Australia Hospital Robots Market
13. Indonesia Hospital Robots Market
14. South Korea Hospital Robots Market
15. Western Europe Hospital Robots Market
16. UK Hospital Robots Market
17. Germany Hospital Robots Market
18. France Hospital Robots Market
19. Italy Hospital Robots Market
20. Spain Hospital Robots Market
21. Eastern Europe Hospital Robots Market
22. Russia Hospital Robots Market
23. North America Hospital Robots Market
24. USA Hospital Robots Market
25. Canada Hospital Robots Market
26. South America Hospital Robots Market
27. Brazil Hospital Robots Market
28. Middle East Hospital Robots Market
29. Africa Hospital Robots Market
30. Hospital Robots Market Competitive Landscape and Company Profiles
31. Hospital Robots Market Other Major and Innovative Companies
35. Hospital Robots Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on hospital robots market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for hospital robots? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:
1) By Product Type: Autonomous Mobile Robots; Disinfecting or Sterilization Robots; Laboratory Robots; Pharmacy Robots2) By Deployment: Laparoscopy; Pharmacy Applications; Orthopedic Surgery; External Beam Radiation Therapy; Physical Rehabilitation; Neurosurgery; Other Deployments
3) By End User: Hospitals; Ambulatory Surgery Centers; Rehabilitation Centers; Other End Users
Key Companies Mentioned: McKesson Corporation; Johnson and Johnson; Siemens Healthineers; Yujin Robot; Medtronic Plc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard