The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The hospital robots market has witnessed rapid growth, surging from $1.75 billion in 2023 to an anticipated $2 billion in 2024, reflecting an impressive compound annual growth rate (CAGR) of 14.2%. The growth is attributed to various factors, including a shortage of healthcare professionals, an increasing elderly population, rising demand for minimally invasive surgery, and a focus on patient safety. Projections for the next few years indicate continued momentum, with the market expected to reach $3.42 billion by 2028 at a CAGR of 14.4%.

Driving Growth: Rising Healthcare Automation

• Healthcare Automation Impact: The hospital robot market is poised for growth fueled by increasing healthcare automation. Healthcare automation involves leveraging technology and software to optimize processes within the healthcare industry. In 2021, a survey revealed a threefold increase in the deployment of automation technologies in hospitals. This surge, from 15% in 2020 to 50% in 2021, underscores the pivotal role of hospital robots in streamlining healthcare processes.
• Minimally Invasive Procedures: Hospital robots are instrumental in assisting surgeons in minimally invasive procedures, enhancing precision and efficiency in operating rooms. The automation of routine tasks contributes to a more streamlined healthcare system, addressing challenges posed by the shortage of healthcare professionals.

Market Players and Strategies

• Key Players: Major contributors to the hospital robots market include McKesson Corporation, Johnson and Johnson, Siemens Healthineers, Medtronic PLC, ABB Group, and other influential players. These companies play a crucial role in shaping the market landscape, providing innovative solutions to meet the evolving demands of the healthcare sector.
• Innovative Elevator Technology: Companies are focusing on incorporating elevator technology into hospital delivery robots to enhance their efficiency. Relay Robotics Inc., for instance, launched RelayRx, a hospital delivery robot equipped with elevator technology. This technology allows the robots to move seamlessly between different floors within a hospital, addressing challenges associated with congested settings.

Innovations in Hospital Delivery Robots

• RelayRx for Healthcare: In June 2023, Relay Robotics Inc. introduced RelayRx, a hospital delivery robot designed to tackle nursing shortages. These robots utilize elevator technology to efficiently transport supplies, such as test specimens and drugs, through the hospital. With improved navigational capabilities, RelayRx ensures safe and swift movement, linking critical areas like the pharmacy and blood bank with patient rooms.
• Becton, Dickinson and Company’s Acquisition: Becton, Dickinson and Company (BD) strengthened its pharmacy automation portfolio through the acquisition of Parata Systems LLC in July 2022. This strategic move reflects the industry’s commitment to addressing challenges like the centralization of pharmacy services and the increasing demands on pharmacy professionals.

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Market Segmentation

The hospital robots market is intricately segmented, offering a nuanced understanding of its dynamics:

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

Future Trends: Technological Advancements and Adoption

• Advancements in AI and ML: The forecast period indicates a focus on advancements in artificial intelligence (AI) and machine learning (ML), underscoring the commitment to leveraging cutting-edge technologies for enhanced healthcare solutions.
• 5G Technology Adoption: The adoption of 5G technology is a noteworthy trend, facilitating faster and more reliable communication, particularly in applications such as telemedicine and remote patient monitoring.
• AI-Driven Personalized Healthcare: The integration of AI-driven personalized healthcare is poised to revolutionize patient care, tailoring treatments to individual needs and optimizing outcomes.
• IoT Integration and RPA: Hospital robots are increasingly integrated with the Internet of Things (IoT) and Robotics Process Automation (RPA), creating a connected ecosystem that enhances efficiency and data-driven decision-making.
• Robotic Sterilization and Cleaning: The incorporation of robotic sterilization and cleaning solutions is becoming a critical aspect, ensuring a hygienic environment within healthcare settings.
• Patient Data Security: The industry is placing a growing emphasis on patient data security, acknowledging the importance of protecting sensitive healthcare information.

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The Hospital Robots Global Market Report 2023  provides a comprehensive overview on the hospital robots market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the hospital robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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