Hospital Robots Market: Major Trends Reshaping the Future of the Industry

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What Will the Hospital Robots Industry Market Size Be by 2025?
The market size for hospital robots has seen a swift expansion in the past few years. The market is expected to expand from $2 billion in 2024 to $2.28 billion in 2025, showcasing a compound annual growth rate (CAGR) of 14.1%. The substantial growth during the historical period can be associated with factors such as a scarcity of healthcare experts, surge in the aged population, increased preference for minimally invasive surgeries, and a rising necessity for patient safety.

What's the Long-Term Growth Forecast for the Hospital Robots Market Size Through 2029?
The market size for hospital robots is predicted to undergo significant expansion in the coming years. It is projected to reach a valuation of $3.96 billion by 2029, increasing at a compound annual growth rate (CAGR) of 14.8%. Factors contributing to this growth during the forecast period include the rise of telemedicine, government policies, heightened demand for rehabilitation and surgical robots, the increasing need for image-guided surgery, and a growing recognition of the advantages of hospital robots. Key trends during this period include the progress in artificial intelligence (AI) and machine learning (ML), the uptake of 5G technology, AI-enabled personalized healthcare, robotics process automation (RPA), integration with the Internet of Things (IoT), robotic sterilization and cleaning, and the security of patient data.

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What Are the Key Growth Drivers Fueling the Hospital Robots Market Expansion?
The rise in health care automation is anticipated to spur the expansion of the hospital robot market. Health care automation involves the utilization of technology and software to enhance and optimize diverse processes within the health care sector. Hospital robots, employed in health care automation, provide surgeons with support during minimally invasive operations. As an example, the World Economic Forum, a non-governmental organization based in Switzerland, reported in September 2024 that the market for robotic-assisted surgeries is expected to see significant growth, reaching beyond $14 billion by 2026, a significant increase compared to its value of slightly over $10 billion in 2023. Hence, the surge in health care automation is fuelling the expansion of the hospital robot market. The growing number of surgical procedures is projected to stimulate the growth of the hospital robot market. Surgical procedures are medical treatments that typically involve making an incision with instruments within an operating theater. Hospital robots are becoming increasingly prevalent in surgical specialties, including plastic and reconstructive surgeries, as they enhance accuracy, precision, and outcomes, resulting in improved patient outcomes. For instance, according to the Australian Institute of Health and Welfare, a national Australian agency, there was an 18% rise in the number of patients undergoing elective surgeries (those not classified as emergencies) in Australia's public hospitals from 2021-22 to 2022-23. This was reported in December 2023. Hence, the increase in surgical procedures is stimulating the growth of the hospital robot market.

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What Are the Key Trends Driving Hospital Robots Market Growth?
Leading enterprises in the hospital robot market are focusing on incorporating elevator technology in their hospital delivery robots to boost their market revenues. Elevator technology allows the robots to swiftly and effectively navigate between different hospital floors. A notable example is Relay Robotics Inc., a US-based robotics solutions firm, which unveiled its RelayRx for healthcare in June 2023. This robot, designed to address the issue of nursing shortages, is capable of securely and efficiently transporting hospital necessities such as medication, test specimens, and equipment around congested hospital environments. Thanks to Relay's unique elevator technology, the robots can effortlessly move around the hospital connecting areas like the pharmacy, blood bank, and patient rooms within an average seven-minute timeframe.

How Is the Hospital Robots Market Segmented?
The hospital robots market covered in this report is segmented -

1) By Product Type: Autonomous Mobile Robots, Disinfecting or Sterilization Robots, Laboratory Robots, Pharmacy Robots
2) 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

Subsegments:
1) By Autonomous Mobile Robots: Patient Transport Robots, Supply Delivery Robots, Waste Management Robots
2) By Disinfecting Or Sterilization Robots: UV Light Sterilization Robots, Hydrogen Peroxide Sterilization Robots, Ozone Sterilization Robots
3) By Laboratory Robots: Sample Handling Robots, Specimen Transport Robots, Lab Automation Robots
4) By Pharmacy Robots: Medication Dispensing Robots, Prescription Filling Robots, Inventory Management Robots

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Which Companies Are Leading the Charge in Hospital Robots Market Innovation?
Major companies operating 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.

Which Regions Are Leading the Global Hospital Robots Market in Revenue?
North America was the largest region in the hospital robots market in 2024. The regions covered in hospital robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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