Medical Service Robots Market Size, Share & Trends Analysis Report By Product Type (Disinfection Robots, Robotics Nurse Assistant), By Region (Asia Pacific, North America), And Segment Forecasts, 2022 - 2030

Report Overview

The global medical service robots market size was valued at USD 10.6 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 17.1% over the forecast period. The growth can be attributed to the introduction of technologically advanced robotic equipment in the healthcare sector and the rise in per capita healthcare spending. Continuous advancements in technology, such as robotic catheter control systems (CCS), data recorders, data analytics, remote navigation, motion sensors, 3D-Imaging, and HD surgical microscopic cameras, are projected to drive the industry growth. Furthermore, the introduction of swarm robotics is opening new opportunities for the industry. It is a new approach to coordinating multi-robotic systems through swarm intelligence.

Swarm robotics finishes the task faster and identifies pathology with higher efficiency. Growing adoption of AR/VR, AI, and IoT along with the introduction of a 5G network is further expected to boost the industry growth over the forecast period since these technologies along with a strong network are expected to enhance the experience of remote patient monitoring and improve the workflow process across the medical sector.These robotics services are used to provide a higher level of patient care by providing patient-centric, customized, frequent, and/or constant monitoring for patients dealing with debilitating health conditions and chronic diseases, introducing intelligent therapeutics, and also providing social engagement to elderly patients.

Moreover, these systems reduce the workload on the shoulder of healthcare providers by streamlining the clinical workflow. Robots can be used for dealing with staff shortages as these are beneficial in keeping track of the inventory and making sure medication, supplies and equipment are in stock. In addition, these systems are also used for cleaning and disinfecting the area and it is seen that the automatic sterilization process reduces the labor by 64%. In June 2022, Nevoa Inc., introduced their next-generation, automated disinfecting robot called Nimbus. The disinfectant spreads throughout the surface of the room and also decontaminates the air. The quick dehumidification process of Nimbus spontaneously eliminates any remaining disinfectant solution, thus, allowing for immediate room reentry.

These advantages are driving the industry's growth. Furthermore, supportive government initiatives to establish medical facilities in remote areas through telepresence-based robotic systems are fueling the industry's growth. As the demand for drugs and medicines is growing, the pharmaceutical sector is continuously looking for automated equipment and robotics to increase productivity. The introduction of robotic systems in the pharmaceutical sector has many advantages in terms of speed and precision. Robots can perform a task 3 or 4 times faster than humans. Thus, can be used for producing a large number of products in a shorter span of time.

In March 2022, Omnicell launched IVX Station, it is an enhanced version of IV robotics technology, which has the capability of improving workflow, automating operations, and enhancing patient care in a complete regulatory environment. Furthermore, these robots are also used for medicine management. The growing geriatric population and increasing cases of chronic diseases are further surging the adoption of robotic systems for medical management, as they provide better ways for elderly patients to manage their medications, and monitor their treatment. For instance, Pillo Health and Stanley Black & Decker launched Pria in October 2019.

It is a tabletop robot that provides day-to-day health updates of the patient to a healthcare professional. The tool can schedule the dosage of 28 medicines, deliver reminder alerts, and also dispense medication at the scheduled time. Furthermore, it also quickly connects users to family or caregivers through simple voice commands and a built-in camera for video callings.Althoughthere is a rise in the adoption of healthcare service robots in the healthcare sector, there are some major barriers that are projected to hamper industry growth. Unlike other consumer technologies, healthcare technologies are highly regulated with strict review procedures, which results in a longer duration for regulatory approvals of the robots.

Furthermore, the deployment of these robots in economically weaker regions remains a barrier. A large amount of initial capital is required for the deployment and maintenance of these technologically advanced robots. It further requires additional training for the staff members and also requires reconstruction of the workflow. These fixed and variable expenses are also expected to restrain the industry's growth.During the COVID-19 pandemic, the importance of these healthcare service robots reached paramount as they minimized human-to-human interaction by replicating human actions in an unsafe environment.

Many countries introduced these robots to assist frontline workers as there was a large volume of patients during that time frame. Economically and technologically advanced countries quickly deployed various robots, which are capable of sterilizing, measuring vitals, delivering medications, and others. Telepresence robots gained popularity as they helped monitor patients remotely. Furthermore, various government officials used social distancing robots to maintain social distancing in the public area. For instance, in March 2020, the government of Singapore introduced a robotic dog called Spot in the parks to ensure that visitors maintain at least six feet of distance from each other. Moreover, the post-pandemic demand for these healthcare service robots is projected to increase.

Product Type Insights

On the basis of products, the market is further divided into disinfection, medical telepresence, delivery, dispensingrobots, 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 18.7% 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 67.0% 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 ofinstallations 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 favorable 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 isdue to the presence of favorable 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 Companies & Market Share Insight

As data analytics, machine learning, computer vision, and other technologies are advancing, medical service robotics will progress to complete tasks more efficiently and autonomously.Major companies are developing various strategic initiatives to expand their footprint and attain a competitive edge in the industry. Key players are focusing on strategic initiatives, such as mergers & acquisitions, collaborations, partnerships, funding & investments, and innovative product developments & launches to expand their expertise & product portfolio. Some of the major players in the global medical service robots market are:

• Toyota Motor Corp.

• Panasonic

• Aethon

• Nordson Corp.

• Blue Ocean Robotics

• InTouch Health

• Nuro, Inc.

• Ateago Technology

• VGo Communications, Inc.

• Techcon

• Xenex Disinfection Services, LLC

Medical Service Robots Market Report Scope

Global Medical Service Robots Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2030. For the purpose of this study, Grand View Research, Inc. has segmented the global medical service robots market report on the basis of producttype and region:

• Product Type Outlook (Revenue, USD Million, 2016 - 2030)

  • Disinfection Robots

  • Robotic Nurse Assistance

  • Medical Telepresence Robots

  • Delivery Robots

  • Dispensing Robots

  • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • Spain

    • Italy

    • France

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • Singapore

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East and Africa

    • Saudi Arabia

    • South Africa

    • UAE