In 2021, the market for Medical service robots worldwide was worth $15 billion US dollars. AMR Group projects that the market will reach US$ 53 billion by 2031, growing at a CAGR of 18.2 percent between 2022 and 2031.
Industry Overview
Medical service robots are a type of robots that are designed to perform various tasks in healthcare settings, such as hospitals, clinics, and rehabilitation centers. These robots can be used to provide assistance to healthcare professionals, patients, and elderly individuals who need support for their daily living activities. Medical service robots can be divided into different categories based on their functionality, such as: Telepresence robots: These robots are designed to provide remote communication between healthcare professionals and patients or other medical personnel. They are equipped with cameras, microphones, and other sensors to allow for remote video conferencing and monitoring.
Surgical robots: These robots are used to assist surgeons during surgical procedures by providing greater precision and control. They can be used for minimally invasive procedures and other complex surgeries.
Rehabilitation robots: These robots are used to provide physical therapy and rehabilitation to patients who have suffered from injuries or disabilities. They can be used to help patients recover their mobility and motor skills.
Hospital logistics robots: These robots are designed to help manage the logistics and distribution of medical supplies, equipment, and other materials in healthcare facilities. Overall, medical service robots are becoming increasingly popular in healthcare settings due to their ability to improve patient outcomes, reduce healthcare costs, and enhance the efficiency and productivity of healthcare providers.
Market Dynamics
The global medical service robots market is driven by several factors, including: Increasing demand for automation in the healthcare industry: The growing need to reduce healthcare costs and increase efficiency has led to an increasing demand for automation in the healthcare industry. Medical service robots are being used to perform various tasks, such as monitoring patients, providing telepresence services, assisting with surgeries, and managing hospital logistics, thereby reducing the workload of healthcare professionals and improving patient outcomes. Rising prevalence of chronic diseases: The increasing prevalence of chronic diseases, such as cancer, diabetes, and cardiovascular diseases, has led to a growing demand for medical service robots that can assist with patient care and rehabilitation. Medical service robots are being used to provide physical therapy, rehabilitation, and other medical assistance to patients, thereby improving their quality of life and reducing healthcare costs.
Technological advancements in robotics: The rapid advancements in robotics technology have led to the development of more sophisticated and advanced medical service robots that are capable of performing complex tasks with greater precision and accuracy. These robots are equipped with advanced sensors, machine learning algorithms, and other technologies that enable them to perform a wide range of tasks in healthcare settings. Increasing investment in healthcare robotics: The increasing investment in healthcare robotics by governments, private companies, and venture capitalists is driving the growth of the medical service robots market. These investments are aimed at developing new and innovative medical service robots that can improve patient outcomes and reduce healthcare costs. However, the high cost of medical service robots and the lack of skilled personnel to operate these robots are some of the factors that could hamper the growth of the market. Additionally, the regulatory challenges associated with the use of medical service robots could also pose a challenge to the growth of the market.
COVID Impact
The COVID-19 pandemic has had a significant impact on the global medical service robots market. Here are some of the ways in which the pandemic has affected the market: Increased demand for telepresence robots: The COVID-19 pandemic has led to an increased demand for telepresence robots, which allow healthcare professionals to communicate with patients and other medical personnel remotely. This has helped to reduce the risk of infection transmission and has facilitated virtual consultations and remote monitoring. Accelerated development of disinfection robots: The COVID-19 pandemic has also accelerated the development and deployment of disinfection robots that can sanitize healthcare facilities and other public spaces. These robots use ultraviolet light and other technologies to disinfect surfaces and reduce the risk of infection transmission. Delayed or cancelled projects: The COVID-19 pandemic has led to delays or cancellations of some medical service robot projects due to disruptions in the global supply chain and changes in healthcare priorities.
Increased adoption of surgical robots: The COVID-19 pandemic has led to an increased adoption of surgical robots, which allow surgeons to perform procedures with greater precision and control while minimizing the risk of infection transmission. Short-term decline in market growth: The COVID-19 pandemic has led to a short-term decline in the growth of the medical service robots market due to disruptions in the global economy and changes in healthcare priorities. However, the long-term growth prospects for the market remain positive due to the increasing demand for automation in healthcare and the rapid technological advancements in robotics.
Regional Trend
The medical service robots market can be analyzed regionally, and here are some key insights:
North America: The North American region is expected to hold a significant market share in the medical service robots market due to the increasing demand for automation in the healthcare industry, technological advancements in robotics, and rising adoption of surgical robots. Additionally, the high healthcare expenditure in this region and supportive government initiatives are further boosting the growth of the market.
Europe: The European region is also expected to hold a substantial market share in the medical service robots market due to the increasing aging population, the presence of well-established healthcare infrastructure, and rising investments in healthcare robotics.
Asia-Pacific: The Asia-Pacific region is expected to witness significant growth in the medical service robots market due to the increasing demand for healthcare services, rapid technological advancements in robotics, and rising investments in healthcare robotics. Additionally, the increasing geriatric population and rising prevalence of chronic diseases are also driving the growth of the market in this region.
Rest of the World: The rest of the world, which includes regions such as Latin America, the Middle East, and Africa, is also expected to witness significant growth in the medical service robots market due to the increasing investments in healthcare infrastructure and rising demand for automation in the healthcare industry. Overall, the global medical service robots market is expected to witness significant growth across all regions due to the increasing demand for automation in healthcare, rising investments in healthcare robotics, and rapid technological advancements in robotics. However, regional differences in healthcare infrastructure, regulatory frameworks, and cultural factors could influence the adoption of medical service robots in different regions.
Competitive Landscape
The global medical service robots market is highly competitive, with numerous players operating in the market. Some of the key companies operating in this market:
Intuitive Surgical: Intuitive Surgical is a leading company in the medical service robots market and is known for its da Vinci Surgical System, which is used for minimally invasive surgeries.
Stryker Corporation: Stryker Corporation is a medical technology company that develops and manufactures robotic systems for orthopedic surgery, neurosurgery, and spinal surgery.
Zimmer Biomet: Zimmer Biomet is a medical device company that develops and manufactures robotic systems for joint replacement surgery.
Medtronic: Medtronic is a medical technology company that offers a range of robotic-assisted surgery systems for various medical specialties.
Hocoma: Hocoma is a medical technology company that develops robotic systems for rehabilitation therapy.
Mazor Robotics: Mazor Robotics is a medical technology company that develops and manufactures robotic systems for spinal surgeries.
Hansen Medical: Hansen Medical is a medical technology company that develops and manufactures robotic systems for intravascular procedures.
Cyberdyne: Cyberdyne is a Japanese company that develops and manufactures robotic systems for rehabilitation and medical care.
Kinova Robotics: Kinova Robotics is a Canadian company that develops robotic systems for medical research and rehabilitation.
ReWalk Robotics: ReWalk Robotics is an Israeli company that develops and manufactures robotic systems for rehabilitation therapy for people with spinal cord injuries.
These companies are investing heavily in research and development activities to develop innovative products and expand their market presence. They are also adopting various strategies such as partnerships, collaborations, and acquisitions to strengthen their position in the market.
Market Segmentation
The medical service robots market can be segmented on the basis of the following factors:
Product Type: The market can be segmented based on the type of robots, such as surgical robots, rehabilitation robots, pharmacy and hospital automation robots, and other robots.
Application: The market can be segmented based on the application of robots, such as laparoscopy, neurology, orthopedics, gynecology, cardiology, and others.
End User: The market can be segmented based on end-users, such as hospitals, ambulatory surgical centers, rehabilitation centers, and others.
Geography: The market can be segmented based on geography, such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Type of Control: The market can be segmented based on the type of control, such as autonomous robots, remote control robots, and other types.
Type of Mobility: The market can also be segmented based on the type of mobility, such as stationary robots, mobile robots, and hybrid robots.
Segmenting the market in this way allows companies to identify different market opportunities and tailor their strategies accordingly. For example, companies developing surgical robots may focus on the orthopedic market or the neurology market, depending on where the greatest demand lies. Similarly, companies may focus on developing autonomous robots for use in hospitals, or remote control robots for use in remote areas. By understanding the market segments, companies can develop effective marketing strategies and increase their market share.
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035