Hospital Robots Market - By Product Type (Autonomous Mobile Robots, Disinfecting/Sterilization Robots {Ultraviolet (UV)-C radiation, Hydrogen peroxide vapor (HPV)}, Laboratory Robots, Pharmacy robots) & forecast, 2023 - 2032

Hospital Robots Market - By Product Type (Autonomous Mobile Robots, Disinfecting/Sterilization Robots {Ultraviolet (UV)-C radiation, Hydrogen peroxide vapor (HPV)}, Laboratory Robots, Pharmacy robots) & forecast, 2023 - 2032

Global Hospital Robots Market is primed to grow remarkably over 2023-2032, fueled by the increasing adoption of automation in healthcare facilities, including robotic dispensing machines, automated pill counters, and barcode scanners. In addition, increasing focus on R&D for enhanced robotics will augment industry growth.

The consistent efforts by government bodies toward improving healthcare systems in the form of capital expenditure on advanced equipment and personnel are also speculated to benefit business dynamics. In September 2022, the United States announced an investment of $100 million to boost bioindustries, including engineering, automation, and computation with biology. This initiative aims to advance National Biotechnology and Biomanufacturing plan, benefiting the overall hospital robots market growth.

Top industry participants engage in rigorous R&D programs and strategic partnerships along with promising mergers and acquisitions to stay ahead in the market. For instance, in January 2023, Becton Dickinson, a medical technology firm, introduced a fully automated robotic track system, BD Kiestra 3rd Generation Total Lab Automation System, for microbiology labs. The innovation will propel the company’s position in healthcare automation solutions.

To cite another instance, in December 2022, ABB Group, a Medtech firm, expanded its robotics robo factory in Shanghai, China, with an investment of $150 million. With this, the company intended to improve digital and automation technologies to manufacture next-generation robots in the country.

The hospital robots market is bifurcated based on product and region.

In terms of product, the laboratory robots market size was more than $150 million in 2022, propelled by their ability to perform a wide range of tasks, such as pipetting, mixing, and analyzing samples. These robots can improve efficiency and perform tests with a high degree of accuracy, reducing the risk of errors and improving the reliability of test results. Moreover, laboratory robots save costs in the run spent on human labor and materials.

Meanwhile, disinfecting or sterilization robots industry is projected to grow at a remarkable pace through 2032 on account of the increasing popularity of these roots in hospitals to reduce the risk of infections and improve patient safety. Technologies such as UV-C light and hydrogen peroxide vapor help disinfect surfaces and kill pathogens.

Europe hospital robots market was valued at over $400 million in 2022, attributed to the rising prevalence of chronic ailments coupled with increasing inpatient admission in healthcare settings. Additionally, increasing the adoption of automation in healthcare due to the benefits of hospital robots, such as increased efficiency, improved accuracy, and reduced costs, will propel market growth. Moreover, a strong focus on local players to cater to the target population by offering advanced solutions will further complement the market growth.