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Hospital Robots Market Trends That Will Shape the Next Decade: Insights from Innovative Elevator Technology Powers Next-Generation Hospital Delivery Robots
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Hospital Robots Market Size By 2025?
The domain of hospital robots has experienced substantial, swift expansion lately, projected to ascend from a valuation of $2 billion in the year 2024 to $2.26 billion by 2025, reflecting a compounded annual growth rate (CAGR) measuring 13.3%; this upward trajectory throughout the past period is largely explainable by factors such as a dwindling supply of medical staff, the swelling ranks of the aged demographic, a greater need for surgical procedures that require minimal invasion, and an augmented focus on ensuring patient security.
How Big Is the Hospital Robots Market Size Expected to Grow by 2029?
Anticipating swift expansion, the market encompassing robots for hospital settings is projected to reach a valuation of $3.94 billion by 2029, reflecting a cumulative annual growth rate (CAGR) of 14.9% over the coming years; this upward trajectory is powered by several key factors, including the rise of telemedicine, supportive governmental actions, escalating needs for both rehabilitation and surgical robotic systems, increased utilization of image-guided surgery techniques, and a broader recognition of the advantages offered by these robotic solutions in healthcare environments, while significant trends shaping this sector involve novel developments in artificial intelligence and machine learning, broader implementation of 5G technology, the move toward personalized healthcare driven by AI, the integration of robotics in process automation, the incorporation of the Internet of Things, the utilization of robotics for sterilization and cleaning tasks, and a focus on safeguarding patient data.
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Which Key Market Drivers Powering Hospital Robots Market Expansion and Growth?
The expansion of automation within the healthcare sector is anticipated to be a significant catalyst for the future growth trajectory of the hospital robot market. This automation encompasses the application of both technology and software solutions designed to enhance the efficiency and optimization of diverse workflows across the medical field. Within this context, robots deployed in hospitals play a crucial supportive role, particularly in operating theaters where they aid medical professionals during surgical interventions demanding minimal invasiveness. To illustrate this trend's momentum, data from the World Economic Forum, an international non-governmental organization headquartered in Switzerland, indicated in September 2024 that the market for robotic-assisted surgical procedures is forecast to see considerable expansion, estimated to climb to exceed $14 billion by the year 2026, a notable increase from its valuation of slightly above $10 billion back in 2023, thus demonstrating how the broader trend of healthcare automation is directly fueling the hospital robot market's ascent.
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Which Fast-Growing Trends Are Poised to Disrupt the Hospital Robots Market?
Leading firms within the hospital robotics sector are concentrating efforts on rolling out hospital conveyance robots equipped with elevator integration capabilities, aiming to significantly boost their market earnings. This elevator technology serves as a critical feature, permitting these robots to navigate vertically across various levels of a facility with enhanced speed and operational fluidity. A notable example is the introduction in June 2023 of RelayRx for healthcare by Relay Robotics Inc., a firm rooted in the United States specializing in robotics solutions. Designed specifically to mitigate the strains imposed by nursing scarcities, RelayRx is a delivery assistant robot intended to ferry essential medical commodities, including pharmaceuticals, laboratory samples, and apparatus, through the often-crowded environments of hospitals, featuring superior pathfinding and robust tracking safeguards. This unit possesses the autonomy to traverse the entire hospital layout, effectively connecting disparate locations like pharmacies and blood storage facilities to patient wards, accomplishing these trips in approximately seven minutes, thanks to Relay's distinctive, proprietary system for elevator interfacing.
What Are the Emerging Segments in the Hospital Robots Market?
The hospital robotsmarket 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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Who Are the Global Leaders in the Hospital Robots Market?
Major companies operating in the hospital robots market are McKesson Corporation, Johnson and Johnson, Siemens Healthineers, Yujin Robot, Medtronic PLC, ABB Group, Aethon, Becton dic*kinson 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 are the Top Profitable Regional Markets for the Hospital Robots Industry?
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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