Medical Service Robots Market Size, Trends, Share, Growth | Report 2022-2030
The global medical service robots market was surpassed at USD 10.7 billion in 2021 and is expected to hit around USD 52.3 billion by 2030, growing at a CAGR of 19.28% from 2022 to 2030
Report Highlights
The major factors contributing to the industry growth are advancements in the healthcare infrastructure and the introduction of technologically advanced equipment like robotic catheter control systems (CCS), data recorders, data analytics, and others. Furthermore, the growing penetration of the 5G network and rapid adoption of AR/VR, IoT, and AI are opening new opportunities for the industry. In addition, various initiatives by governments to provide remote healthcare services further fuel the industry's growth. The rising incidences of chronic disease and growing percentage of the geriatric population also support the demand for healthcare service robots including telepresence robots, as these can be used for regular monitoring and consultation from remote locations.
These robots provide customized and continuous monitoring of patients dealing with chronic diseases. The pharmaceutical industry is also rapidly adopting these robotic systems as these tools enhance the efficacy and efficiency of their work process. Furthermore, the COVID-19 pandemic supported industry growth as the utilization of these robots minimized human-to-human contact and assisted the frontline workers. However, stringent regulations and the high cost of robots are projected to hamper the growth in the forecast period. In 2021, the others product type segment dominated the industry followed by the disinfection robots segment. The disinfection robots segment growth can be attributed to the growing penetration of Hospital-acquired Infections (HAIs) and the benefits offered over manual robots by the disinfection robots. In addition, a growing economy and advancements in technology are anticipated to support the industry growth.
Scope of The Report
| Report Coverage | Details |
| Market Size in 2021 | USD 10.7 billion |
| Revenue Forecast by 2030 | USD 52.3 billion |
| Growth rate from 2022 to 2030 | CAGR of 19.28% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segmentation | Product type, Region |
| Companies Covered | Toyota Motor Corp.; Panasonic; Aethon; Nordson Corp.; Blue Ocean Robotics; InTouch Health; Nuro, Inc.; Ateago Technology; VGo Communications, Inc.; Techcon; Xenex Disinfection Services, LLC |
Product Type Insights
On the basis of products, the market is further divided into disinfection, medical telepresence, delivery, dispensing robots, robotic nurse assistance, and others. In 2021, the other products segment, followed by disinfection robots, dominated the industry with a revenue share. The disinfection robots segment accounted for the second-highest revenue share of 18.82% in 2021. The rising utilization of technologically advanced disinfection systems in healthcare institutions is one of the major factors contributing to the higher share of this segment. In addition, these robotic systems are beneficial to overcome shortages in the healthcare workforce.
Moreover, the reduction in Hospital-Acquired Infections (HAIs) owing to the increasing utilization of disinfection robots is yet another prominent factor supporting the segment growth. The dispensing robots segment is anticipated to register the fastest CAGR during the forecast period. Some of the major factors driving the adoption of dispensing robots in the healthcare and/or medical sector are the rising shortage of workforce in the pharmaceutical as well as the medical industry, growing automation, and increasing adoption of machine learning-based products & solutions. The adoption of these robots is also expected to increase in the coming years with a view to reduce manual errors and increase efficiency in workplaces having stringent regulations.
Regional Insights
On the basis of geographies, the global industry has been further categorized into Asia Pacific, North America, Middle East & Africa, Latin America, and Europe. Asia Pacific dominated the industry in 2021 and accounted for the largest share of 67.15% of the global revenue. The region is estimated to expand further at a steady CAGR maintaining its leading position throughout the forecast period.
The increasing number of installations of healthcare service robots and the growing geriatric population across major countries requiring assistance are some of the key factors responsible for the higher revenue of the Asia Pacific region. In addition, the presence of key players, along with favourable government initiatives for the adoption of robotic technologies in healthcare, is another key factor boosting the region’s growth.
On the other hand, North America is anticipated to register the fastest CAGR over the forecast years. This is due to the presence of favourable government initiatives & support. In addition, rising disposable income levels, increasing adoption of robotic technologies, including service robots in healthcare institutions, and product launches in the medical service robots sector are the factors anticipated to support the regional market growth during the forecast period.
Key Players
Market Segmentation
Chapter 1.Introduction
1.1.Research Objective
1.2.Scope of the Study
1.3.Definition
Chapter 2.Research Methodology
2.1.Research Approach
2.2.Data Sources
2.3.Assumptions & Limitations
Chapter 3.Executive Summary
3.1.Market Snapshot
Chapter 4.Market Variables and Scope
4.1.Introduction
4.2.Market Classification and Scope
4.3.Industry Value Chain Analysis
4.3.1.Raw Material Procurement Analysis
4.3.2.Sales and Distribution Channel Analysis
4.3.3.Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Medical Service Robots Market
5.1.COVID-19 Landscape: Medical Service Robots Industry Impact
5.2.COVID 19 - Impact Assessment for the Industry
5.3.COVID 19 Impact: Global Major Government Policy
5.4.Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6.Market Dynamics Analysis and Trends
6.1.Market Dynamics
6.1.1.Market Drivers
6.1.2.Market Restraints
6.1.3.Market Opportunities
6.2.Porter’s Five Forces Analysis
6.2.1.Bargaining power of suppliers
6.2.2.Bargaining power of buyers
6.2.3.Threat of substitute
6.2.4.Threat of new entrants
6.2.5.Degree of competition
Chapter 7.Competitive Landscape
7.1.1.Company Market Share/Positioning Analysis
7.1.2.Key Strategies Adopted by Players
7.1.3.Vendor Landscape
7.1.3.1.List of Suppliers
7.1.3.2.List of Buyers
Chapter 8.Global Medical Service Robots Market, By Product Type
8.1.Medical Service Robots Market, by Product Type Type, 2020-2027
8.1.1.Disinfection Robots
8.1.1.1.Market Revenue and Forecast (2016-2027)
8.1.2.Robotic Nurse Assistance
8.1.2.1.Market Revenue and Forecast (2016-2027)
8.1.3.Medical Telepresence Robots
8.1.3.1.Market Revenue and Forecast (2016-2027)
8.1.4.Delivery Robots
8.1.4.1.Market Revenue and Forecast (2016-2027)
8.1.5.Dispensing Robots
8.1.5.1.Market Revenue and Forecast (2016-2027)
8.1.6.Others
8.1.6.1.Market Revenue and Forecast (2016-2027)
Chapter 9.Global Medical Service Robots Market, Regional Estimates and Trend Forecast
9.1.North America
9.1.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.1.2.U.S.
9.1.3.Rest of North America
9.1.3.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.2.Europe
9.2.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.2.2.UK
9.2.2.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.2.3.France
9.2.3.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.2.4.Rest of Europe
9.2.4.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.3.APAC
9.3.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.3.2.India
9.3.2.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.3.3.China
9.3.3.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.3.4.Japan
9.3.4.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.3.5.Rest of APAC
9.3.5.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.4.MEA
9.4.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.4.2.GCC
9.4.2.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.4.3.North Africa
9.4.3.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.4.4.South Africa
9.4.4.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.4.5.Rest of MEA
9.4.5.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.5.Latin America
9.5.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.5.2.Brazil
9.5.2.1.Market Revenue and Forecast, by Product Type (2016-2027)
9.5.3.Rest of LATAM
9.5.3.1.Market Revenue and Forecast, by Product Type (2016-2027)
Chapter 10.Company Profiles
10.1.Toyota Motor Corp.
10.1.1.Company Overview
10.1.2.Product Offerings
10.1.3.Financial Performance
10.1.4.Recent Initiatives
10.2.Panasonic
10.2.1.Company Overview
10.2.2.Product Offerings
10.2.3.Financial Performance
10.2.4.Recent Initiatives
10.3.Aethon
10.3.1.Company Overview
10.3.2.Product Offerings
10.3.3.Financial Performance
10.3.4.Recent Initiatives
10.4.Nordson Corp.
10.4.1.Company Overview
10.4.2.Product Offerings
10.4.3.Financial Performance
10.4.4.Recent Initiatives
10.5.Blue Ocean Robotics
10.5.1.Company Overview
10.5.2.Product Offerings
10.5.3.Financial Performance
10.5.4.Recent Initiatives
10.6.InTouch Health
10.6.1.Company Overview
10.6.2.Product Offerings
10.6.3.Financial Performance
10.6.4.Recent Initiatives
10.7.Nuro, Inc.
10.7.1.Company Overview
10.7.2.Product Offerings
10.7.3.Financial Performance
10.7.4.Recent Initiatives
10.8.Ateago Technology
10.8.1.Company Overview
10.8.2.Product Offerings
10.8.3.Financial Performance
10.8.4.Recent Initiatives
10.9.VGo Communications, Inc.
10.9.1.Company Overview
10.9.2.Product Offerings
10.9.3.Financial Performance
10.9.4.Recent Initiatives
10.10.Techcon
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11.Research Methodology
11.1.Primary Research
11.2.Secondary Research
11.3.Assumptions
Chapter 12.Appendix
12.1.About Us
12.2.Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers