Global Healthcare Mobile Robots Market 2023-2030

Global Healthcare Mobile Robots Market 2023-2030

Global Healthcare Mobile Robots Market Size, Share & Trends Analysis Report by Type (Hospital Robots, Care Robots, Surgical Robot, Teleoperation and Telepresence Systems, Rehabilitation and Mobility Robots, Walking Assisting Robot and Others), by End-Use (Hospitals, Ambulatory Surgical Centers and Others), Forecast Period (2023-2030)

The global healthcare mobile robots market is anticipated to grow at a CAGR of 17.8% during the forecast period (2023-2030). Pivotal factors driving the market growth including the increasing e-commerce activity around the globe, propelled the demand for demand for mobile robots. According to the According to United Nations Conference on Trade and Development (UNCTAD), the e-commerce sector saw a histrionic rise in its share of all retail sales, from 16% to 19% in 2020. The digital retail economy experienced most growth in the Republic of Korea, where internet sales increased from around one in five transactions in 2019, to more than one in four last year. Additionally, healthcare institutions and hospitals are increasingly implementing mobile robots to support critical requirements such as the delivery of medical medication and other supplies, telepresence, and disinfection, as well as to lower the burden of healthcare professionals so that they can spend more time with patients. Besides, mobile robots contribute healthcare facilities in dealing with the shortage of skilled healthcare professionals, including doctors, nurses, and allied healthcare experts. For instance, in March 2022, Omnicell, Inc., a leading provider of medication management and adherence tools for health systems and pharmacies, launched the IVX Station, a fully automated IV compounding robot. IVX Station designed to deliver the patient safety, accuracy, cost savings, supply chain control, and compliance benefits of its predecessors while addressing industry issues with throughput and reliability.

Segmental Outlook

The global healthcare mobile robots market is segmented on the type, and end user. Based on the type, the market is sub-segmented into hospital robots, care robots, surgical robot, teleoperation and telepresence systems, rehabilitation and mobility robots, walking assisting robot and others. Further, on the basis of end user, the market is sub-segmented into hospitals, ambulatory surgical centers and others. Among the end user, the hospitals sub-segment is anticipated to hold a considerable share of the market, owing to the advance facilities, easily accessible, transportation and housing assistance.

The Surgical Robot Sub-Segment is Anticipated to Hold a Considerable Share of the Global Healthcare Mobile Robots Market

Among the type, the surgical robot sub-segment is expected to hold a considerable share of the global healthcare mobile robots market. The segmental growth is attributed to improve clinical outcomes by simplifying complex surgical procedures, including bariatric surgery, colorectal surgery, among others. Additionally, various healthcare facilities are entering into partnerships to deploy surgical robot in their hospitals to provide better treatment. For instance, in September 2023, Vicarious Surgical, a developer of surgical robotics, signed a strategic development agreement with Intermountain Health, a pioneer in US healthcare system. Intermountain Health is a nonprofit system of 33 hospitals, 385 clinics, medical groups with some 4,300 employed physicians and advanced care providers, a health plan division select health with more than one million members, and other health services. The partnership imposed Intermountain Health’s expertise in delivering clinical outcomes and system efficiencies to identify and evaluate predictable drivers of adoption, implementation, and utilization of the vicarious surgical system, in addition to assessing the potential for clinical outcomes improvements and administrative efficiencies within the Intermountain hospital system.

Regional Outlook

The global healthcare mobile robots market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia pacific is anticipated to hold a prominent share of the market across the globe, owing to the advanced medical technologies, the rising disposable income and improving healthcare infrastructure in emerging economies are driving the healthcare mobile robots market in the Asia Pacific.

The Europe Region is Expected to Grow at a Significant CAGR in the Global Healthcare Mobile Robots Market

Among all regions, the Europe regions is anticipated to grow at a considerable CAGR over the forecast period. The Europe market is growing owing to factors including the presence of favorable government initiatives and highly developed healthcare infrastructure. In addition, rising disposable income levels, increasing adoption of robotic technologies, including service robots in healthcare institutions, and product launches and partnerships in the market are some factors anticipated to support regional market growth. For instance, in May 2021, Sesto Robotics entered into partnership with the Germany-based automation specialist Baumüller, to bring its flagship AMR Sesto Magnus into Europe, targeting Germany, Austria and Switzerland. The aim of the partnership was to bring AMR solution to the manufacturing, pharmaceutical and healthcare sectors in Europe.

Market Players Outlook

The major companies serving the healthcare mobile robots market include Toyota Motor Corp., ABB Ltd, ST Engineering, Aethon Inc., Omron Corp., Amazon.com, Inc., Mobile Industrial Robots A/S, Nordson Corp., Teradyne, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 5, 2022, ABB Ltd officially opened its state-of-the-art, fully automated and flexible robotics factory in Shanghai, China. The 67,000m2 production and research facility represents a $150 million investment by ABB and installed the company’s digital and automation technologies to manufacture next generation robots enhancing ABB’s robotics and automation leadership in China.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global healthcare mobile robots market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.