Global Medical Robotics Market

The robotic surgery devices market consists of sales of robotic systems, instruments, and accessories and services related to the robotic surgery devices market. Robotic surgery devices are advanced surgical devices compared to traditional laparoscopic surgery devices. These devices are used for Minimally Invasive (MI) surgeries in the eye, brain, heart, and other parts of the body. The robotic surgery devices are more cost-effective and introduced to reduce complications, pain, reoperations, etc. The main product and services in the robotic surgery devices market are robotic systems, instruments and accessories, and services. The services are provided by the robots and are also called robot-assisted surgery services. The various surgery types are urological surgery, gynecological surgery, orthopedic surgery, neurosurgery, and others. These are used in hospitals and ambulatory surgery centers. The global robotic surgery devices market size is expected to grow from $5.21 billion in 2021 to $6 billion in 2022 at a compound annual growth rate (CAGR) of 15.2%. The global robotic surgery device market size is expected to grow to $10.17 billion in 2026 at a CAGR of 14.1%. The rise in demand for minimally invasive technology is driving the robotic surgery devices market. Minimally Invasive (MI) surgery devices are equipped with imaging and catheter technologies that can be easily inserted into any part of the body. Robotic surgery procedures are usually associated with minimally invasive surgeries. These technologies are mainly used for heart, laparoscopy, orthopedic, gynecological, and urological surgeries. Robotic surgeries were introduced to reduce patient hospital length of stay (LOS), pain, complications, return to work time, and reoperations. According to the Intuitive Surgical company report, there is a 24% growth year on year for instruments and accessories. For robotic systems, the company has gained 16% growth and the overall robotic surgery devices market is growing at a rate of 13% -16%. The Intuitive Surgical company estimates that more than 1.2 million surgical procedures were done by using their robotic systems. Consumer preferences are changing and hospitals are adopting robotic surgery devices to create more value and cost-effective surgical procedures. Expensive robotic surgery is hampering the robotic surgery devices market. Robotic surgery is comparatively more expensive than other traditional ways of surgeries as it is associated with a lot of complications, requires highly trained senior doctors to operate robotic systems/instruments, complex technical operations, and maintenance. A single robotic system costs around $2 million and the surgery costs about a range of $3000 - $6000. The annual maintenance cost of robotic surgery devices usually costs between $100,000 - $170,000. The largest robotic surgery device manufacturer Intuitive Surgical supplies the single-use or disposable surgical tools used for robotic arms for surgeries. This is one of the reasons that robotic surgeries are more costly. The huge cost associated with robotic surgeries is therefore hindering the market growth. The advances in surgical products and technologies in the health care industry are creating more opportunities in the robotic surgery devices market. Increasing investments in R&D is helping investors to create value for the customers by producing medical-surgical products like robotic surgery devices by using the latest technologies. With the use of robotic systems that are equipped with optical imaging, surgical tools, instruments, and accessories, the surgeries are made easier. Some of the surgical advances that are creating more value and opportunity in the healthcare industry include 3-D high definition endoscope (Multi-Angle Rear-Viewing Endoscopic tool) devices for Brain surgery, Smart surgical glasses (equipped with a video camera and Head-mounted monitor) that act like computers, and can use for live observation of surgeries, surgical robots with artificial intelligence that acts as doctors, and humanoid robots which are used for highly critical surgeries in eye and brain. The other advanced surgical tool is remote robotics, which is used to assist with surgery from any remote location. Therefore, robotic surgery devices are playing an important role in the healthcare industry with their technological advancements and innovations. In July 2019, Intuitive Surgical Inc., an American corporation that develops, manufactures, and markets robotic products, acquired Schölly Fiberoptic’s robotic endoscope business. Schölly Fiberoptic is a major player in the visualization systems for Minimally Invasive (MI) diagnostic and surgical applications. This acquisition integrated Schölly’s robotic endoscope manufacturing line, and two Schölly sites into some of the Intuitive operations which are the robotic-related manufacturing line from Denzlingen (Germany), the manufacturing site in Biebertal (Germany), and the repair site in Worcester, Mass (USA). The acquisition's main aim is to strengthen Intuitive’s supply chain and increase its manufacturing capacity for visualization products to advance healthcare. Major players in the robotic surgery devices market are Intuitive Surgical, Stryker, Medtronic, Smith & Nephew, TransEnterix, Mazor Robotics, Medrobotics, Accuray, THINK Surgical, and TINAVI Medical Technology Co. Ltd. North America was the largest region in the robotic surgery devices market in 2021. Western Europe was the second largest market in the global robotic surgery device market. The regions covered in the global robotic surgery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the robotic surgery devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and USA. The global robotic surgery devices market is segmented - 1) By Product and Service: Robotic Systems, Instruments and Accessories, Services 2) By Surgery Type: Urological Surgery, Gynecological Surgery, Orthopedic Surgery, Neurosurgery, Others 3) By End-User: Hospitals, Ambulatory Surgery Centers

The aerospace robotics market consists of sales of aerospace robotics by entities (organizations, sole traders, and partnerships) which enhance the performance and productivity of predefined operations in aerospace sector. Aerospace robotics are programmable machines that assist humans for construction of aircraft engines, performing tasks such as drilling and painting airframes and others. The main types of aerospace robotics include articulated, cartesian and other types. Articulated robots are equipped with two or more rotary joints, support circular movements, and are used in the aircraft manufacturing process. The different applications of aerospace robotics are drilling, welding, painting, inspection and other applications. The different aerospace robotics components include controller, sensors, drive, arm processor and end effector with technologies including conventional and collaborative and aerospace robotics payloads including small-medium payloads robots, large payloads robots and extra large payloads robots. The global aerospace robotics market size is expected to grow from $3.12 billion in 2021 to $3.47 billion in 2022 at a compound annual growth rate (CAGR) of 11.09%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global aerospace robotics market size is expected to reach $5.57 billion in 2026 at a CAGR of 12.57%. The increasing commercial air traffic is expected to drive the aerospace robotics market during the forecast period. Aerospace robotics offer high precision and performance in the construction of aircraft engines, drilling and painting airframes, precise fiber cutting and placement. The growing middle-class population and the emergence of low-cost airlines offering competitive prices in developing economies is expected to contribute to airline activity, thus increasing demand for aircrafts during the period. For instance, according to Boeing’s 2020-2039 commercial market outlook, India's domestic air passenger market is expected to double its size by 2030, from the pre-pandemic levels, creating demand for an additional 2,200 new commercial aircrafts in the next 20 years in India, thus driving the aerospace robotics market during the period. Companies in the aerospace robotics market are focusing on technological advancement to accelerate and develop robotics and process technologies for the next generation of energy-efficient aircrafts. The aerospace industry rapidly adopts novel technologies such as the integration of robotics with 3D visualization, Internet of Things (IoT), artificial intelligence (AI), and cloud computing solutions to enhance the performance and productivity of predefined operations in the aerospace sector. In addition, robotic technology complements human-robot collaboration and reduces the turnaround time of the manufacturing process. For instance, in September 2019, the first AI-powered robot in space, Project CIMON (Crew Interactive Mobile Companion), was launched by Airbus, IBM, and the German Aerospace Center DLR. CIMON is a sphere-shaped, free-floating interactive companion, built using 3D printing, that can help astronauts with their daily tasks and interact with them. In July 2021, ABB Group, a Swiss digital technologies company, acquired ASTI Mobile Robotics Group (ASTI), for an undisclosed amount. This acquisition adds ABB’s robotics and machine automation solutions, giving it a strong automation portfolio for the next generation of flexible automation. ASTI Mobile Robotics is a robotics company specialized in automation solutions with automated guided vehicles and autonomous mobile robots for different industries including aerospace. Major players in the aerospace robotics market are Kuka Ag, ABB Group, Fanuc Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries, Ltd, Apex Automation And Robotics, Nachi-Fujikoshi Corp., Stäubli, Omron Adept Technology, Inc., Mitsubishi Electric Corporation, Jh Robotics, Inc., M Torres, Comau, MTM Robotics and Honeybee Robotics. North America was the largest region in the aerospace robotics market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global aerospace robotics market during the forecast period. The regions covered in the global aerospace robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aerospace robotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global aerospace robotics market is segmented - 1) By Type: Articulated, Cartesian, Others 2) By Application: Drilling, Welding, Painting, Inspection, Others 3) By Technology: Conventional, Collaborative 4) By Component: Controller, Sensors, Drive, Arm Processor, End Effector 5) By Payload: Small-Medium Payloads Robots, Large Payloads Robots, Extra Large Payloads Robots

The top robotics market consists of sales of top robots by entities (organizations, sole traders, and partnerships) that manufacture industrial and service robotics which are digitized, highly programmable, and capable of moving across in more than three dimensions. Top robotics is the study of robotics, which is a complex machine that has been integrated with numerous other disciplines of technology and is used to replace humans in repetitive and dangerous tasks. The main types of top robotics are top industrial robots and top services robots. The top industrial robots are used in manufacturing and commercial industries such as articulated, collaborative robots. The various applications involved are handling, welding and soldering, assembling and disassembling, dispensing, and other applications. The various end-user industries involved are automotive, electrical, chemical, food & beverages, and other end-user industries. The global top robotics market size is expected to grow from $69.55 billion in 2021 to $87.6 billion in 2022 at a compound annual growth rate (CAGR) of 25.9%. The global top robotics market size is expected to grow to $187.46 billion in 2026 at a CAGR of 20.9%. The increasing use of robots in the logistics sector is projected to fuel the growth of the top robotics market during the forecast period. Robotics in logistics allows for remote connections with devices from which humans can observe and oversee the robot operations, as well as lower logistics costs, more rapid cargo preparation, and higher delivery precision. For instance, according to the International Federation of Robotics, it is expected that 485,000 units of logistic robots were sold between 2019 and 2021, which is expected to increase further in the forecast period. Therefore, the increasing use of robots in the logistics sector is expected to support the growth of the top robotics market. The growing technological advancements are shaping the top robotics market. Technological advancements have authorized manufacturers to use lightweight robots that can manage numerous tasks and improve productivity. Artificial intelligence, machine learning, and other emerging technologies have been put into robots to replicate human intelligence and facilitate some of the jobs that humans perform. For instance, in January 2020, Omron, a Japan-based electronics company launched the Omron i4 which has an inbuilt AI system for predictive maintenance. This is a next-generation industrial robot that can identify and communicate when it is time for repairs and maintenance. In March 2021, Accenture, an Ireland-based company that provides consulting and processing services acquired Pollux for an undisclosed amount. The acquisition will expand Accenture's capabilities for clients in consumer goods, pharmaceutical and automotive industries seeking to make their factories, plants, and supply chains more productive, safe, and sustainable. Pollux is a Brazil-based provider of industrial robotics and automation solutions. Major players in the top robotics market are ABB Ltd, Yaskawa, FANUC, KUKA, Kawasaki Heavy Industries, Nachi-Fujikoshi, Honda Motor, Adept Technology, Mitsubishi Electric, and Northrop Grumman. Asia Pacific is the largest region in the top robotics market in 2021. The regions covered in the global top robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the top robotics market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global top robotics market is segmented - 1) By Type: Top Industrial Robotics, Top Services Robotics 2) By Application: Handling, Welding and Soldering, Assembling and Disassembling, Dispensing, Others 3) By End-Use Industry: Autmotive, Electrical and Electronics, Metals and Machinery, Food and Beverages, Pharmaceuticals and Cosmetics, Others

The robotic surgery services market consists of the sale of services provided Robotic surgical technology, the highly advanced technological form of non-invasive surgery that utilizes robots and computer systems to conduct surgeries with lesser incision and more precision. The commonly used robotic surgical system consists of a mechanical arm and camera arm attached to surgical instruments with a controlled by a surgeon being seated at a computer console which is usually in the same room as the surgical table, or can be around the world. The robotic surgery services are used in various applications such as general surgery, urological surgery, gynecological surgery, orthopedic surgery, neurosurgery and others. General surgery is the branch of surgery that deals with the most common surgical procedures. The abdomen, breasts, head and neck, blood arteries, and digestive tract are all treated by general surgeons. They also oversee the treatment of patients who have been wounded, or who have abnormalities or other medical issues that necessitate surgery. The different sectors include hospitals, ambulatory surgery centers (ASCs) and involves various components such as systems, accessories, services. The global robotic surgery services market size is expected to grow from $0.73 billion in 2021 to $0.86 billion in 2022 at a compound annual growth rate (CAGR) of 17.8%. The growth in the robotic surgery services market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The robotic surgery services market is expected to reach $1.59 billion in 2026 at a CAGR of 16.6%. Increase in purchasing power of hospitals and ambulatory care services has helped in the growth of the robotic surgery services market. Hospitals and ambulatory care services are interested in buying latest technologies to provide advanced care to the patients as well as to achieve an edge over their competitors. According to the fourth quarter financial results 2019 of intuitive Surgical, the robotic surgical giant, the company has shipped around 336 DA Vinci systems during the quarter. It has almost 5,582 DA Vinci systems installed, with a 12% year-over-year increase. According to the 2019 Annual Report of Intuitive Surgical, Inc., the number of DA Vinci procedures worldwide has risen by approximately 18%. The need for more minimally invasive surgery by growing geriatric population coupled with the prevalence of chronic disease such as diabetes, HIV/AIDS, asthma, arthritis, and other diseases has increased the demand for robotic surgery services. According to the World Health Organization (WHO) report, there will be a 57 % increase in chronic illness. Therefore, the purchasing power of hospital and ambulatory care services coupled with the increase in the geriatric population and prevalence of chronic illness have contributed to the growth of robotic surgery services market. Safety concerns regarding the use of robotic surgery services are likely to cause a hindrance to the robotic surgery services market. The FDA Safety communication raised a concern in February 2019 about using robotic surgery for mastectomy procedures or for the prevention or treatment of cancer as the effectiveness and safety of these devices is not established. According to the survey of New England journal of medicine, the survival rate of patients having minimally invasive surgery compared to patients having open surgery is lower. Over the past two decades more than 8,061 device malfunctions, 1,391 injuries, and 144 deaths occurred in robotic surgery service. Due to such concerns more products have been recalled from the market. On September 2019 Zimmer Biomet has recalled its ROSA brain 3.0 robotic surgery system because of a software problem which can drive the robotic arm to an incorrect position which can risk patient's life. This was identified as a class 1 recall which is the most serious kind of classification by the FDA. These safety concerns lead to more stringent regulations by the regulatory agencies like the FDA, which would in turn increase the cost and time period for the research and development activities. Therefore, the safety issues pertaining to robotic surgeries leading to product recalls is expected to hinder the growth of the robotic surgery services market. Image guide navigation system combined with the robotic surgery system offers more possibility to visualize and perform the minimally invasive surgery in areas which were earlier difficult, especially the orthopaedic surgeries and neurosurgeries. The Mazor X Stealth system by Medtronic, and the NuVasive's Pulse and Excelsius GPS by Globus Medical, among others use image guided navigation system to perform spine surgeries, and orthopaedic implant surgeries such as total, partial knee and hip replacements as they provide the surgeon with 3D experience. The image-guided navigation reduces the radiation effects and patients do not require to take an X ray after the procedure. These factors state that the image guided navigation system is expected to be a trend in robotic surgery services. On October 2019 Corindus Vascular Robotics Inc., a leading developer of precision vascular robotics was acquired by Siemens Healthineers AG, a German conglomerate of medical technology offering wide range of products in the fields of diagnostic and therapeutic imaging, laboratory and point of care diagnostics, and molecular medicine for an amount of USD 1.1 billion the main aim of this acquisition is to optimize the procedures and to increase the clinical outcomes by collaborating each other’s technologies, it also opens a new market for Siemens. Major players in the robotic surgery services market are Intuitive Surgical Inc, Stryker Corporation, Medrobotics Corporation, Johnson & Johnson, Globus medicals, NuVasive, Smith & Nephew plc, Titan Medical Inc, TransEnterix Inc and University of Pittsburgh Medical Centre. The regions covered in the robotic surgery services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the robotic surgery services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global robotic surgery services market is segmented - 1) By Component: Systems, Accessories, Services 2) By Application: General Surgery, Urological Surgery, Gynecological Surgery, Orthopedic Surgery, Neurosurgery, Others 3) By End-User: Hospitals, Ambulatory Surgery Centers (ASCs)

The medical and diagnostic laboratory services market consists of sales of medical and diagnostic laboratory services and related goods by entities (organizations, sole traders and partnerships) that provide diagnostics tests for various diseases. This industry includes CT scan centers, X-ray centers and other clinics that undertake disease diagnosis. The main types of medical and diagnostic laboratory services are diagnostic imaging centers, and medical laboratory services. A diagnostic imaging center is a service provider that offers technical or comprehensive diagnostic imaging services. The different expenditure types include public and private that are used in various applications such as cardiology, oncology, neurology, orthopedics, gastroenterology, gynecology, and others. The services are used by male and female. The global medical and diagnostic laboratory services market size is expected to grow from $152.68 billion in 2021 to $170.17 billion in 2022 at a compound annual growth rate (CAGR) of 11.5%. The growth in the medical and diagnostic laboratory services market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The medical and diagnostic laboratory services market is expected to reach $248.64 billion in 2026 at a CAGR of 9.9%. The rise in sedentary jobs, busy lifestyles and changing consumer preferences are affecting the disease profile of the world population, especially non-communicable diseases such as cancer, diabetes and cardiovascular diseases. Long working hours, less physical activity, and unhealthy eating and drinking habits are major causes of chronic diseases such as diabetes. According to the World Health Organization, chronic disease prevalence rose by 57% globally, in 2020. Tests to diagnose these diseases include HbA1c tests for monitoring diabetes, biopsies, tumor marker tests, bone scans, MRI and CT scans for diagnosis of various cancers, electrocardiograms, chest X-rays, cardiac CT scans and stress tests for detection of cardiovascular diseases. The increase in the prevalence of lifestyle diseases will increase the demand for tests to diagnose these diseases and thus will drive the medical and diagnostic laboratory services market during the forecast period. The medical and diagnostic laboratory services market is expected to limit by the rising prevalence of self-care diagnostic equipment. These tools can be used by patients without assistance from medical personnel, to diagnose particular disabilities or disorders. Common self-care diagnostic devices include glucose monitoring devices, blood pressure monitoring devices, sleep apnea monitors and temperature monitors. The ease of use of self-care devices has increased demand for them during the last decade and is expected to increase it further during the forecast period. Some virtual applications are also aiding in diagnosis of certain health conditions. For instance, iPhone is working on an IOS accessory called Cue, which can be used as a home diagnostic kit. Self-care diagnostics is expected to have a negative impact on traditional medical and diagnostic laboratory services market during the forecast period by reducing the need for laboratory testing for some basic tests. Medical and diagnostic laboratories are using biomarkers to measure health parameters associated with individual wellness. The health and wellbeing of individuals can be measured by using biomarkers to assess factors behind sleep disorders and symptoms of stress. Biomarkers such as cortisol, testosterone, and secretory IgA can indicate changes in immune system relating to physical and mental conditions. This can be used by physicians to know the causative factors behind such conditions. This is a premium service primarily targeted at wealthy individuals and senior employees of corporations. Major companies in the medical and diagnostic laboratory services market include Laboratory Corporation of America, Eurofins, Quest Diagnostics Incorporated, Sonic Healthcare Limited, Kaiser Permanente, RadNet, OPKO Health, Myriad Genetics, Charles River Laboratories, Inc., and NeoGenomics Laboratories, Inc. North America was the largest region in the medical and diagnostic laboratory services market in 2021. Asia Pacific was the second largest region in the medical and diagnostic laboratory services market. The regions covered in the medical and diagnostic laboratory services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the medical and diagnostic laboratory services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global medical and diagnostic laboratory services market is segmented - 1) By Type: Diagnostic Imaging Centers, Medical Laboratory Services 2) By Application: Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others 3) By End-User Sex: Male, Female 4) By Type of Expenditure: Public, Private Subsegments Covered: Computer Tomography (CT-Scan) Centers, Medical Radiological Laboratories, Dental or Medical X-Ray Laboratories, Ultrasound Imaging Centers, Magnetic Resonance Imaging (MRI) Centers

The robotic vacuum cleaners market consists of sales of robotic vacuum cleaners and related services. It can clean floors, windows, pools and gardens efficiently without any human effort. Robotic vacuum cleaners or Robovac are home appliances, designed to clean our homes autonomously without human intervention. They are fully automated and artificial intelligence powered with various sensors and scheduling programs. The main types of robotic vacuum cleaners are robotic floor vacuum cleaner and robotic pool vacuum cleaners that are used in residential and commercial areas. Robotic floor vacuum help in cleaning hard floors using robotic technology. Robotic vacuum cleaners use different types of charging like automatic charging and manual charging. The global robotic vacuum cleaners market size is expected grow from $5.59 billion in 2021 to $5.99 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth in the robotic vacuum cleaners market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The robotic vacuum cleaners market is expected to reach $7.83 billion in 2026 at a CAGR of 6.9%. Rising investments for developing new technologies in robotic vacuum cleaners is contributing to the growth of the robotic vacuum cleaners market. The rising investments for innovations in hardware and software technologies, such as sensors and decision-making capabilities helps robotic vacuum cleaners in doing household tasks and also helps consumers to save time thereby attracting the customers to purchase robotic vacuum cleaners for household chores. For instance, in 2019, in the UK, the government invested £12 million ($16 million) for developing new technologies in robots that performs household tasks. It led to partnership between Imperial College and Dyson, a robotic vacuum cleaner manufacturer for creating nextgen household products to complete household chores. Also, for instance, in 2020, in the USA, private companies such as Yidu Cloud, Tsinghua AI Fund and Matrix Partners invested $15 million in Trifo, into its AI-home robots’ vacuum in the hardware and software development for expanding in the U.S. and European markets. Rising investments and support from government thereby contributes to the growth of the robotic vacuum cleaners market. The high cost of robotic vacuum cleaners is expected to limit the growth of the robotic vacuum cleaners market. Robotic vacuum cleaners are costly and causes potential consumers to think twice before they invest in them. For instance, in 2019, in the USA, iRobot's newly launched robotic vacuum cleaner Roombas are extremely expensive such as Roomba i7 priced at $1,099 and Roomba S9+ priced at $1,299. These factors are expected to have a negative impact on the robotic vacuum cleaners’ market as high-cost causes consumers to think twice, affecting the robotic vacuum cleaners market’s growth. Companies are launching new products in order to increase their revenue and also for gaining a competitive edge over their rivals. For instance, in 2019, in the USA, iRobot Corporation, a leading advanced robotic vacuum technology company, launched its advanced robotic vacuum cleaner, Roomba s9+ and also launched its advanced robotic mop Braava jet m6 mopping robot that complements cleaning with mopping. These robots can talk to each other with in-built imprint link technology for vacuuming and mopping autonomously without any human effort. Likewise, in 2021, in the USA, iRobot Corporation, a leading advanced robotic vacuum technology company, launched Roomba j7+ Robot Vacuum to give customers more control over their cleaning with 3.0 home intelligence. Major players in the robotic vacuum cleaners market are Dyson Ltd., ECOVACS Robotics Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Sharp Corp., Neato Robotics, Miele & Cie. KG, and iRobot Corporation. Asia Pacific was the largest region in the robotic vacuum cleaners market in 2021. Western Europe was the second-largest region in the robotic vacuum cleaners market. The regions covered in the robotic vacuum cleaner market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the robotic vacuum cleaners market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global robotic vacuum cleaners market is segmented - 1) By Type: Robotic Floor Vacuum Cleaner, Robotic Pool Vacuum Cleaner 2) By End-User: Residential, Commercial 3) By Type of Charging: Automatic, Manual

The warehouse robotics market consists of sales of warehouse robots by entities (organizations, sole traders, and partnerships) that are used to transport materials, perform various tasks, and streamline or automate warehouse processes. Warehouse robotics is a broad phrase that refers to the various automated devices and systems which can be used to improve speed, efficiency, and accuracy in a warehouse. The main types of warehouse robotics are SCARA robots, cylindrical robots, parallel robots, mobile robots, gantry robots, and stationery articulated robots. The SCARA robots (Selective Compliance Articulated Robot Arm robots) are used in processes and applications such as production equipment for electronic components, handling, small machine components requiring the precise assembly and disassembly, and transfer of large automotive components. The different types of systems include knapp open shuttle, locus robotics system, fetch robotics freight, scallog system, and swisslog carry pick an performs functions such as pick and place, assembling dissembling, transportation, and packaging. This are implemented in various sectors such as e-commerce, automotive, food and beverages, electronics and electrical, and metal and machinery, pharmaceuticals and others. The global warehouse robotics market size is expected to grow from $3.54 billion in 2021 to $4.17 billion in 2022 at a compound annual growth rate (CAGR) of 17.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6.82 billion in 2026 at a CAGR of 13.1%. The growing e-commerce industry is driving the growth of the warehouse robotics market. E-commerce, or online shopping, is a business concept that allows individuals and businesses to buy and sell goods and services via the Internet. The e-commerce sector is the most transformative industry which necessitates automated warehouse robots to automate manual material transportation in any facility and optimize warehouse operations. For example, according to the US Census Bureau's Department of Commerce, retail e-commerce sales in the USA reached $222.5 billion in the second quarter of 2021, up by 3.3% from the first quarter. Therefore, the growing e-commerce industry is projected to increase the demand for the warehouse robotics market over coming years. Launch of AI-based warehouse robotic systems is shaping the warehouse robotics market. Artificial intelligence (AI) is the digital emulation of human intellect by a computer or computer-controlled system that perform tasks normally performed by smart individuals. Major players are focusing on AI-based warehouse robotic systems to automate repetitive pick-and-pack processes and perform sophisticated manipulations in unexpected conditions. For instance, in July 2020, Dexterity is a US-based company that provides robots as a service solution for warehousing, and supply chain operations launched AI-based warehouse robotic system. The robots use computer vision, the sensation of touch to adapt quickly and advanced control theory, making them safe to work alongside humans. In September 2021, Locus Robotics, a US-based company that provides automated warehouse mobile robots acquired Waypoint Robotics for an undisclosed amount. The acquisition expands Locus' product portfolio of tried-and-true autonomous mobile robots (AMR) solutions to include e-commerce, case-picking, and pallet-picking, as well as scenarios demanding greater, heavier payloads and fulfilment modalities. Waypoint Robotics is a US-based manufacturer and provider of autonomous mobile robots for manufacturing and logistics applications. Major players in the warehouse robotics market are ABB Limited, Honeywell International Inc, Fanuc Corporation, Amazon Robotics, KUKA, Yaskawa Electric Corporation, Attabotics, Omron Corporation, Daifuku Co, Toshiba Corporation, Yamaha Robotics, Locus Robotics, Bastian Solutions, Grey Orange, and Kion Group. North America was the largest region in the warehouse robotics market in 2021. Asia Pacific is expected to be the fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.The countries covered in the Warehouse Robotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global warehouse robotics market is segmented - 1) By Type: SCARA Robots, Cylindrical Robots, Parallel Robots, Mobile Robots, Gantry Robots, Stationery Articulated Robots 2) By System Type: Knapp Open Shuttle, Locus Robotics System, Fetch Robotics Freight, Scallog System, Swisslog Carry Pick 3) By Function: Pick And Place, Assembling Dissembling, Transportation, Packaging 4) By End-User: E-Commerce, Automotive, Food And Beverages, Electronics And Electrical, Metal And Machinery, Pharmaceuticals, Others

Medical Devices Market Definition

The medical devices market consists of sales of medical equipment or devices and related services by entities (organizations, sole traders and partnerships) that manufacture medical equipment or devices which are used in the diagnosis, treatment and monitoring of medical conditions. The medical device industry includes establishments that manufacture medical equipment or devices such as in-vitro diagnostic devices, diagnostic imaging equipment, dental equipment and supplies, ophthalmic devices, cardiovascular devices, hospital supplies and other medical devices.