How Has the Hospital Robots Market Evolved Historically and What is its Current Size?
The hospital robots market has seen considerable growth due to a variety of factors.
• The market size for hospital robots has seen a quick expansion in the past few years. The figures are predicted to rise from $2 billion in 2024 to $2.28 billion in 2025 with a compound annual growth rate (CAGR) of 14.1%.
The surge during the historical period is due to factors such as the dearth of healthcare professionals, an aging population, an increased preference for minimally invasive surgeries and a heightened emphasis on patient safety.
What Is The Projected Growth Of The Hospital Robots Template Market?
The hospital robots market is expected to maintain its strong growth trajectory in upcoming years.
• The market for hospital robots is predicted to experience a swift expansion in the coming years, reaching $3.96 billion in 2029 with a compound annual growth rate (CAGR) of 14.8%.
Factors contributing to this growth during the forecast period include the surge in telemedicine, government-backed initiatives, heightened demand for rehabilitation and surgical robots, increasing need for image-assisted surgeries, and growing recognition of the benefits hospital robots provide. Key trends to watch for during this period include progress in artificial intelligence (AI) and machine learning (ML), the uptake of 5G technology, AI-driven personalized healthcare, robotics process automation (RPA), integration with the Internet of Things (IoT), robotic sterilization and cleansing processes, and security measures for patient data.
What Are The Key Drivers Fueling Growth In The Hospital Robots Market?
The upsurge in healthcare automation is predicted to accelerate the expansion of the hospital robot market in the future. Healthcare automation involves the adoption of technology and software to enhance and refine various operations within the healthcare sector. These hospital robots are utilized in surgical assistance during minimally invasive procedures. A case in point is the details provided by the World Economic Forum in September 2024, a Switzerland-based international NGO, which predicts that the market for robotic-assisted surgery will witness substantial growth, escalating to more than $14 billion by 2026, up from slightly above $10 billion in 2023. As a result, the surge in healthcare automation is facilitating the expansion of the hospital robot market. Growth in the hospital robots market is anticipated to be propelled by an upswing in surgical procedures. Such procedures are medical operations that involve using instruments to make an incision, typically executed in an operating. Hospital robots are finding increasing applications in surgical specialties like plastic and reconstruction surgeries, to maximize accuracy, precision, and yielding positive patient outcomes. To illustrate, according to the data from the Australian Institute of Health and Welfare in December 2023, an Australian national agency, there was an 18% increase from 2021–22 to 2022–23 in elective (non-emergency) surgeries being carried out in the country’s public hospitals. Thus, a rise in surgical procedures is influencing the growth of the hospital robots market.
What Are The Principal Market Segments In The Global Hospital Robots Industry?
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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How Are New Trends Impacting The Size Of The Hospital Robots Market?
Leading firms in the hospital robot market are shifting their focus towards the launch of hospital delivery robots integrating elevator technology to boost their market earnings. This technology provides a solution enabling hospital robots to navigate swiftly and efficiently between different floors. An example would be Relay Robotics Inc., a US-based robotics solutions firm, who in June 2023, rolled out RelayRx for healthcare. RelayRx is a hospital delivery robot developed to mitigate nursing shortages. These robots are designed to ferry hospital materials such as test samples, medicines, and equipment, assuring secure transport even in busy hospital environments thanks to advanced navigation abilities and chain-of-custody security features. These robots can independently traverse a hospital, connecting areas like the pharmacy and blood bank to patient rooms in approximately seven minutes, utilizing Relay’s exclusive elevator technology.
Who Are the Key Players 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 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.
What Are The Regional Insights Into The Hospital Robots Market?
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.
