Press release
Hospital Robots Market Outlook 2024: Exclusive Report By The Business Research Company | McKesson Corporation, Johnson and Johnson, Siemens Healthineers, Yujin Robot, Medtronic PLC
Hospital Robots Market Size
The Business Research Company offers in-depth market insights through Hospital Robots Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The hospital robots market size 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 hospital robots market size 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.
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Market Segmentation:
The main product types of hospital robots are autonomous mobile robots, disinfecting or sterilization robots, laboratory robots and pharmacy robots. Autonomous mobile robots (AMRs) are robotic systems capable of performing tasks and navigating in their environment without constant human intervention or direct human control. The various deployment includes laparoscopy, pharmacy applications, orthopedic surgery, external beam radiation therapy, physical rehabilitation, neurosurgery and others, used by various end-users such as hospitals, ambulatory surgery centers, rehabilitation centers and others.
Hospital Robots Global Market Report 2023 provides data on the global hospital robots market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The hospital robots market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Rising Healthcare Automation Fuels Growth In The Hospital Robot Market
Increasing healthcare automation is expected to propel the growth of the hospital robot market going forward. Healthcare automation refers to using technology and software to streamline and optimize various processes in the healthcare industry. Hospital robots are used in healthcare automation to assist surgeons in minimally invasive procedures in operating rooms. For instance, in May 2021, according to a survey conducted among 112 provider chief financial officers and financial and revenue cycle executives by The Healthcare Financial Management Association, a US-based healthcare association, stated that the deployment of automation technologies in hospitals increased three times from 2020 to 2021, where 50% of hospitals had deployed automation technologies in 2021 compared to 15% of hospitals in 2020. Therefore, increasing healthcare automation is driving the growth of the hospital robot market.
Competitive Landscape:
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.
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Top Trend - Innovative Elevator Technology Powers Next-Generation Hospital Delivery Robots
Major companies operating in the hospital robot market are increasing their focus on introducing hospital delivery robots with elevator technology to maximize their revenues in the market. Elevator technology is a solution used in hospital robots to enable them to move efficiently and quickly between floors. For instance, in June 2023, Relay Robotics Inc., a US-based robotics solutions company, launched RelayRx for healthcare. RelayRx is a hospital delivery robot introduced to address nursing shortage. These robots help transport hospital supplies such as test specimens, drugs and equipment, ensuring safe passage through congested hospital settings with improved navigational capabilities and chain-of-custody security features. It can move freely throughout a hospital, linking areas such as the pharmacy and blood bank with patient rooms in an average of seven minutes using Relay's proprietary elevator technology.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hospital Robots Market Characteristics
3. Hospital Robots Market Trends And Strategies
4. Hospital Robots Market - Macro Economic Scenario
5. Hospital Robots Market Size And Growth
…..
27. Hospital Robots Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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