openPR Logo
Press release

Global Healthcare Service Robots Market to Reach $2.82 Billion by 2025, Reports BIS Research

09-21-2020 12:30 PM CET | Health & Medicine

Press release from: BIS Research

Global Healthcare Service Robots Market to Reach $2.82 Billion

According to a new market intelligence report by BIS Research titled “Global Healthcare Service Robots Market – Analysis and Forecast, 2020-2025,” the global healthcare service robots market is anticipated to witness a significant CAGR of 26.4% in the forecast period 2020-2025. Owing to the rising investment in development of healthcare infrastructure, focus toward control of hospital-acquired infections, and deployment of healthcare service robots during the novel coronavirus pandemic, the market is expected to grow up to $2.82 billion by the end of 2025.

View BIS Report : https://bisresearch.com/industry-report/healthcare-service-robots-market.html

Robots which evolved in the early 90s were developed to cope with the rapid industrialization, and high demand of manpower. The advent of robotics in healthcare started with the company Robodoc, a spinoff of IBM. Later in 2000, the world’s leading medical robotics firm Intuitive Surgical launched the novel technology Da Vinci System to perform minimally invasive heart bypass surgery. This also led to the growth of automation in other domains of healthcare such as hospital care and rehabilitation. However, social robots originated in late nineties and the robots were designed to mimic social cues. It is described as an autonomous agent that is physically embodied in the form of robot and interacts with humans at an emotional level.

The advent of the technologies such as artificial intelligence, sensors, and the concept of humanoid robots have provided a new vision for service robots worldwide. The application of robots initially was to cope with fast pace of manufacturing as they possessed near human abilities and could perform a task endlessly. Gradually, the robotic technology was adopted by several other sectors including healthcare. The significance of robots in healthcare was recognized specially after its applications in surgery, which led to the reduction in number of medical errors and improved the outcomes of surgery as well.
The novel coronavirus crisis has transformed the demand for service robots in the healthcare sector substantially. Medical service robots which also includes surgical assistance, rehabilitation and diagnose attained a value of $7.2 billion in 2016, from $1.3 billion in 2014. There is an increased public interest in robotic technologies and artificial intelligence, seen as effective resources in combating the pandemic. Robots are deployed inside the hospitals, for disinfection, medicine and food delivery, vital signs monitoring, thus helping to significantly reduce the infection risk of all personnel.

Request for Sample Report: https://bisresearch.com/requestsample?id=959&type=download

As estimated by WHO, a shortage in the global health workforce of 9 million nurses in 2014 and it is predicted that the shortage of 7.6 million nurses will persist by 2030. However, the demand for health and social care is expected to boost 40 million new jobs by 2030 as well. Robots will roam the Hospitals of the Future, with an integrated infrastructure.

According to Lead Analyst at BIS Research, “Mobile hospital logistics robot segment is the fastest growing segment of the healthcare service robots market during the forecast period 2020-2025. The application type is anticipated to grow at an impressive CAGR of 34.3% during the forecast period 2020-2025.”

Research Highlights:

• The leading contributors to the global healthcare service robots market predominantly prefer new product launches, synergistic activities such as partnerships, and collaborations to strengthen their operations across the globe, and to enhance their respective dominance. Moreover, many of the market leaders are collaborating with technology-based startups to integrate these advanced technologies into their systems.

• The market for global healthcare service robots market specific to application type (Mobile hospital logistics robot) is anticipated to witness a notable CAGR during the forecast period.

This market intelligence report provides a multidimensional view of the global healthcare service robots market in terms of market size and growth potential. This research report aims at answering various aspects of the healthcare service robots market with the help of the key factors driving the market, threats that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of market expansion.
Furthermore, the competitive landscape chapter in the report explicates the competitive nature of the global market and enables the reader to get acquainted with the recent market activities such as business portfolio expansions, partnerships, and acquisitions. The research report provides a comprehensive analysis of the service sales, and manufacturers and trend analysis by segments such as application, technology, product, utility, and by region.

This report is a meticulous compilation of research on more than 15 players in the market ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of the leading companies, market participants and vendors. The report also profiles 11 companies including several key players, i.e. Xenex Disinfection Services, The UBTECH, Sanbot (QIHAN Technology), UVD Robots (Blue Ocean Robotics), InTouch Health, SoftBank Robotics, Universal Robots A/S, ST Engineering (Aethon), Double Robotics, and UVD Robots, among others.

Key questions answered in the report:

• What are the various healthcare service robots available in the market?
• What is the current market size and future potential of these technologies?
• What are the major market drivers, challenges, and opportunities in the global healthcare service robots market?
• How is COVID-19 pandemic pushing companies into developing professional service robots?
• What are the key technological developments on which the current industry leaders are spending a major share of their research and development (R&D) investments?
• Who are the leading players holding dominating shares in the global healthcare service robots market, currently?
• What are the key strategies incorporated by the players of global healthcare service robots market, to sustain the competition and retain their supremacy?
• How are various governments transforming their investment strategies toward strengthening and supporting healthcare service robots for various applications?
• What is the current revenue contribution of different application types and how would it evolve in the forecast period?
• What is the current revenue contribution of different utility types and how would it evolve in the forecast period?
• What is the current revenue contribution of different product types and how would it evolve in the forecast period?
• What is the current revenue contribution of different technology types and how would it evolve in the forecast period?
• Which countries contribute to the major share of current demand and which countries hold significant scope for expansion for business activities, by players of the global healthcare service robots market?

Contact:
Bhavya Banga
Email: media@bisresearch.com
BIS Research Inc.
39111 PASEO PADRE PKWY STE 313,
FREMONT CA 94538-1686
Visit our Blog @ https://blog.bisresearch.com/
Connect with us on LinkedIn @ https://www.linkedin.com/company/bis-research
Connect with us on Twitter@ https://twitter.com/BISResearch

About BIS Research:

BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.
Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
What distinguishes BIS Research from the rest of the players is that we don’t simply provide data but also complement it with valuable insights and actionable inputs for the success of our clients.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Healthcare Service Robots Market to Reach $2.82 Billion by 2025, Reports BIS Research here

News-ID: 2138228 • Views:

More Releases from BIS Research

BIS Research Empowers Healthcare Industry with Precision-Driven Primary Market Research Services
BIS Research Empowers Healthcare Industry with Precision-Driven Primary Market R …
BIS Research, a leading global B2B market intelligence and advisory firm, today announced the expansion of its Primary Market Research Services for Healthcare Industry tailored for the healthcare industry. These services are designed to deliver actionable insights, validated data, and strategic intelligence to healthcare companies, enabling them to navigate competitive landscapes, strengthen decision-making, and accelerate innovation. Click here to more about Primary Market Research Services for Healthcare Industry - https://info.bisresearch.com/primary-market-research-by-bisresearch The Role
Data Center Industry Trends Decoded - BIS Research Releases Six Key Market Reports for 2025
Data Center Industry Trends Decoded - BIS Research Releases Six Key Market Repor …
BIS Research, a leading global market intelligence and advisory firm, has announced the publication of six comprehensive market intelligence reports focusing on the rapidly evolving data center industry. These reports provide in-depth analysis, trends, competitive benchmarking, and strategic insights across the full spectrum of data center infrastructure. As data centers continue to serve as the backbone of digital transformation globally, the demand for efficient, sustainable, and high-performance infrastructure has accelerated. These
Strategic Market Entry into India's Healthcare Sector: Opportunities and Insights
Strategic Market Entry into India's Healthcare Sector: Opportunities and Insight …
India's healthcare industry is rapidly evolving, offering global companies a compelling opportunity to expand and grow. With the increasing demand for advanced diagnostics, biopharmaceuticals, medical devices, and digital health solutions, entering the Indian market can be a game-changer for healthcare innovators and manufacturers worldwide. Why India Is a Strategic Healthcare Market India's healthcare market is expected to reach $372 billion by 2028, driven by a combination of demographic trends, increased government spending,
Precision Medicine Market to Reach $469 Billion by 2034, Growing at a CAGR of 11.96%
Precision Medicine Market to Reach $469 Billion by 2034, Growing at a CAGR of 11 …
The healthcare industry is undergoing a transformative shift toward more personalized treatment options, and one of the key drivers of this change is precision medicine. This approach tailors medical treatment to the individual characteristics of each patient, including their genetic makeup, lifestyle, and environment. The global precision medicine market is experiencing significant growth as it holds the potential to revolutionize healthcare by improving treatment outcomes, reducing adverse effects, and enhancing

All 5 Releases


More Releases for Robots

Fully Autonomous Robots: Revolutionizing the Construction Robots Market
The construction industry is on the cusp of a technological revolution, driven by the rise of robotics and automation. Within this rapidly evolving landscape, fully autonomous robots are emerging as a game-changer, poised to reshape how we design, build, and maintain our built environment. These robots leverage cutting-edge technologies like artificial intelligence (AI), machine learning, and advanced sensors to perform tasks with minimal human intervention, leading to increased efficiency, safety,
Warehouse Robotics Market 2023| Bases on Products- Mobile Robots, Articulated Ro …
The Warehouse Robotics Market is a dynamic and growing segment within the food industry, characterized by the production and distribution of freshly made pasta products. With consumers increasingly seeking high-quality, artisanal, and convenient meal options, the Warehouse Robotics market has witnessed a surge in demand. It encompasses a wide range of pasta varieties, from traditional favorites like spaghetti and fettuccine to innovative, gourmet creations. The market's scope extends across both
Pharmaceutical Robots Market 2021 Scope by Type (Traditional Robots (Articulated …
Pharmaceutical Robots Market report has been structured after a thorough study of various key market segments like market size, latest trends, market threats and key drivers which drives the market. This market study report has been prepared with the use of in-depth qualitative analysis of the global market. The report displays a fresh market research study that explores several significant facets related to Pharmaceutical Robots Market covering industry environment, segmentation
Packaging Robots : Robots that Make Packaging Easier
Packaging robots are robotics system used for packaging purposes and reduce labor cost and package time. These packaging robots are flexible and can easily integrate into workspace. Packaging robots are type of industrial robots are used for packaging applications in manufacturing facilities for operations such as filling, primary packaging, placing, picking, palletizing, and de-palletizing. Packaging robots provide a variety of benefits including reduced part package time, labor cost reduction, and
Emotional Therapy Robots Market Key Players - BeatBotsPARO RobotsSoftbank Group, …
"Emotional Therapy Robots Market Overview: Introduction Decisive Markets Insights brings out report on Global Emotional Therapy Robots Market. The comprehensive report presents clear foresight of the booming market owing to the expanding consumer base and technological advancement. Experts predicts the business to grow at a value of USD xx billion during 2020 – 2025 at a steady compounded annual growth of rate (CAGR) of x%, over the
Global Medical Robots Market (Surgical Robots, Rehabilitation Robots, Telepresen …
The new and innovative report of the Medical Robots Market research has been published by Report Consultant to give desired insights to drive the growth of businesses. The report comprises the summarized data of the current scenario as well as predictions about the upcoming trends. A medical robot is a robot used in the medical sciences. They include surgical robots. These are in most tele-manipulators, which use the surgeon's actions on