Status : Published | Published On : Jan, 2021 | Report Code : VRHC1237 | Industry : Healthcare | Available Format :
![]() |
Page : 128 |
Industry Overview
The global healthcare service robots market in 2019 was valued at USD 465.0 million and is proactively expected to rise to USD 2,900.0 million by 2025, growing at a CAGR of 27.2% during the forecast period. The industry is multiplying due to increasing investment in the development of healthcare infrastructure, the focus on controlling hospital-acquired infections, and deployment of healthcare service robots during the novel coronavirus pandemic.
Healthcare services are also currently exploring the potential of technologies such AI, ML algorithms, and sensors for robotic systems. Healthcare robots are form of skilled service robot used in and out of the hospital to increase the overall quality of patient care. They ease the workload of medical personnel, enabling them to spend more time caring for the patients directly, while generating substantial operational efficiencies and reducing healthcare facilities costs.
The numerous applications of today’s medical robots include remote care telepresence robots, hospital acquired infection control robotic disinfectants, blood drainage robots and muscle recovery exoskeletons for robotics and remote medical robot. Increased automation technology, improvement in technical advances, booming population growth and reduced mortality rate, rising human impairment, an acute shortage of healthcare professional supplies, the need for better surgeons, an increase in the quality of life for the elderly and the disabled are some of the driving forces for the international health-robots industry.
Market Segmentation
Based on the applications
• Applications from Neurology
• Cardiology
• Orthopedic
• Laparoscopic
• Others
During the forecast era, the section of orthopedic surgery application should report the highest CAGR. The high growth of this segment can mainly be attributed to the advantages such as high implantation and robotic positioning accuracy during orthopedic operations.
Based on Product type
• Surgical Robots
• Rehabilitation Robots
• Robots for Telemedicine
• Robots for Pharmacy and Hospital Automation
• Robots for Non-Invasive Radiation and Robotic Catheters
Rapid advances in surgical robots along with increasing per-capita healthcare costs in developing countries, and increased demand for minimally invasive surgeries (MIS) or Da Vinci System are some of the main factors in the global market that lead to a higher share of surgical robots.
Based on component segmentation:
• Security Systems
• Locomotive Systems
• Interface Applications
• Software Platforms
• Power Resources and Visualization Systems
Based on the component robots involved in Security systems is having the highest scope. Although billions are spent on R&D in self-sufficient cars, indoor commercial space robots reap the benefits of technology and costs for sensors, computer science, machine learning, and open-source software. As the budget for commercial security expenses rises and a largely untapped market availability increases, the safety robot’s industry is expected to expand at a significant rate.
Geographic distribution
• North America
• Europe
• Asia-Pacific
• Rest of the World
In general, North America is the market leader for medical robots because of the increased patient awareness of the use of modern, advanced technologies that pave the way for massive potential growth in this area. In the future, the market will be rising more rapidly, primarily because of the high level of medical initial investments in the USA. The European zone in terms of market share is led by North America. Since creative policies to enhance the well-being and public health of European governments are being implemented, Europe expects to expand considerably soon. The Asia-Pacific region with its fast-changing medical infrastructure is the other region of high growth in the healthcare sector. Moreover, the key reasons for the remarkable growth rates in this area are rising disposable income levels, technological advances, and rapidly evolving lifestyle scenarios.
Key players in the global healthcare robot’s market:
• Hocoma
• Irobot Corporation
• Hansen Medical Inc
• Ekso Bionics Holdings Inc
• Titan Medical Inc
• Accuray Inc
• Intuitive Surgical Inc
• MAKO Surgical Corp
• ZOLL Medical Corp
• Varian Medical Systems
• Kirby Lester LLC
• Mazor Robotics Ltd
• Aurora Biomed Inc
• Roche Holding AG
• Biotek Instruments Inc
Competitive Landscape
Number of robotic companies can be listed as manufacturers of robotic systems and industrial robotic companies such as collaborative robots or cobots dominate the global medical services robots. Companies work continuously with academic and medical organizations to extend the field of the service robot.
The sector has seen some 59 amazing innovations over the last five years (January 2016-June 2020). This included 33 product releases and developments, including 20 synergistic operations 2 mergers and acquisitions, and 4 funding activities. In addition to expanding the global presence and supply, most businesses are substantially creating new products for the restructuring of the marketplace. New deals are also the dominant tactics of the contributors. The key reasons behind the region's remarkable growth rates are evolution and rapidly evolving lifestyle scenario.
Global Healthcare Service Robots Market Forecast
Due to the growing investment in health infrastructure growth, the industry is increasing in number, the emphasis on managing hospitably acquired infections, and the use of robots during the latest coronavirus pandemic. The area of health care also discusses the future technologies of robotic systems for example, artificial intelligence, machine learning algorithms and sensors. It is therefore predicted that in the next five years these developments will have an important effect on the demand of healthcare robots and the market is expected to expand multiplies.
Global Healthcare Service Robots Market in Pandemic:
The ongoing COVID 19 pandemics has resulted in global demand for medical infrastructure disinfections care and faster operations. As there have been substantial rises in the footfall in hospitals and other health facilities, the Governing Authority has had to explore technical solutions to improve the global infrastructure for it to provide better care.
There has been an enormous interest in using robotics to help tackle the outbreak of COVID-19, and that for good reason: More robots indicate less interaction between people, which ensures that less health workers would get sick. This also decreases transmission to the population and uses less supplies of the PPE. Meanwhile, telemedicine has been growing sharply to allow doctors and nurses to reach patients without the risk of being infected. And even though robots have not communicated with patients so far, it is not so far-fetched to imagine a potential future.
News Update for Global Healthcare Service Robots:
To prevent COVID- 19 population level transmission, the World Health Organization has informed people around the world of physical distancing. Supplying essentials to homes and supplying care in high-risk areas, such as hospitals, has remained a problem, and in many cases, people are now turning towards robots.
In Bangkok's Chulalongkorn University, engineering students have used medical ninja robotics to make it useful for stroke patients with COVID-19 patients. Similarly, an ultraviolet (UV) light robot is used to clean the plant in Johannesburg, South Africa. Emphasis was placed on the role of robots in disinfection, cleaning, and telecommunication.
Healthcare robotic projects: In Edinburgh, AI and robotics experts work to build the first health robots which can have a conversation with more than one person. This is a project intended to support elderly people but one day it might be used to tackle virus outbreaks. The EU Horizon 2020 funded new project is socially pertinent gerontological robots (SPRING). In social circumstances, SPRING will create new robots to interact with many individuals. Europe and Asia are involved with SPRING’s eight research institutes. SPRING is a 4-year long project, which is one of its drawbacks but there’s a hope and we can assume that the latest pandemic will have subsided well before that.
The first project declared by the National Robotarium was the campaign for the development of socially assistive robots. The goal is to develop a world-leading centre for robotics and AI, a collaboration between Heriot-Watt and Edinburgh. The new building will open in 2021 on the campus of Heriot-Watt. This project builds on the popularity of a conversational AI device called Alana, the Heriot-Watt Amazon Alexa Prize winner. There is a new spin-off firm named Alana AI which will concentrate on the next generation of users' interfaces for conversation.
Primary Research
VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behavior.
Source: VynZ Research
Source: VynZ Research
1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Applications from Neurology
1.2.2. By Product Type
1.2.3. By Component Segmentation
1.3. Research Phases
1.4. Limitations
1.5. Research Methodology
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Industry Overview
3.1. Industry Dynamics
3.1.1. Market Growth Drivers
3.1.2. Market Restraints
3.1.3. Key Market Trends
3.1.4. Major Opportunities
3.2. Industry Ecosystem
3.2.1. Porter’s Five Forces Analysis
3.2.2. Recent Development Analysis
3.2.3. Value Chain Analysis
3.3. Competitive Insight
3.3.1. Competitive Position of Industry Players
3.3.2. Market Attractive Analysis
4. Global Market Estimate and Forecast
4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2025
5. Market Segmentation Estimate and Forecast
5.1. By Applications from Neurology
5.1.1. Applications from Neurology
5.1.1.1. Market Definition
5.1.1.2. Market Estimation and Forecast to 2025
5.1.2. Cardiology
5.1.2.1. Market Definition
5.1.2.2. Market Estimation and Forecast to 2025
5.1.3. Orthopedic
5.1.3.1. Market Definition
5.1.3.2. Market Estimation and Forecast to 2025
5.1.4. Laparoscopic
5.1.4.1. Market Definition
5.1.4.2. Market Estimation and Forecast to 2025
5.2. By Product Type
5.2.1. Surgical Robots
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2025
5.2.2. Rehabilitation Robots
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2025
5.2.3. Robots for Telemedicine
5.2.3.1. Market Definition
5.2.3.2. Market Estimation and Forecast to 2025
5.2.4. Robots for Pharmacy and Hospital Automation
5.2.4.1. Market Definition
5.2.4.2. Market Estimation and Forecast to 2025
5.2.5. Robots for Non-Invasive Radiation and Robotic Catheters
5.2.5.1. Market Definition
5.2.5.2. Market Estimation and Forecast to 2025
5.3. By Component Segmentation
5.3.1. Security Systems
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2025
5.3.2. Locomotive Systems
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2025
5.3.3. Interface Applications
5.3.3.1. Market Definition
5.3.3.2. Market Estimation and Forecast to 2025
5.3.4. Software Platforms
5.3.4.1. Market Definition
5.3.4.2. Market Estimation and Forecast to 2025
5.3.5. Power Resources
5.3.5.1. Market Definition
5.3.5.2. Market Estimation and Forecast to 2025
5.3.6. Visualization Systems
5.3.6.1. Market Definition
5.3.6.2. Market Estimation and Forecast to 2025
6. North America Market Estimate and Forecast
6.1. By Applications from Neurology
6.2. By Product Type
6.3. By Component Segmentation
6.4. By Country
6.4.1. U.S. Market Estimate and Forecast
6.4.2. Canada Market Estimate and Forecast
6.4.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Applications from Neurology
7.2. By Product Type
7.3. By Component Segmentation
7.4. By Country
7.4.1. Germany Market Estimate and Forecast
7.4.2. France Market Estimate and Forecast
7.4.3. U.K. Market Estimate and Forecast
7.4.4. Italy Market Estimate and Forecast
7.4.5. Spain Market Estimate and Forecast
7.4.6. Russia Market Estimate and Forecast
7.4.7. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Applications from Neurology
8.2. By Product Type
8.3. By Component Segmentation
8.4. By Country
8.4.1. China Market Estimate and Forecast
8.4.2. Japan Market Estimate and Forecast
8.4.3. India Market Estimate and Forecast
8.4.4. South Korea Market Estimate and Forecast
8.4.5. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Applications from Neurology
9.2. By Product Type
9.3. By Component Segmentation
9.4. By Country
9.4.1. Brazil Market Estimate and Forecast
9.4.2. Saudi Arabia Market Estimate and Forecast
9.4.3. South Africa Market Estimate and Forecast
9.4.4. U.A.E. Market Estimate and Forecast
9.4.5. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. Hocoma
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Offerings
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. Irobot Corporation
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. Hansen Medical Inc
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. Ekso Bionics Holdings Inc
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. Titan Medical Inc
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Offerings
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. Accuray Inc
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Offerings
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. Intuitive Surgical Inc
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Offerings
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. MAKO Surgical Corp
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Offerings
10.8.4. Financial Insight
10.8.5. Recent Developments
10.9. ZOLL Medical Corp
10.9.1. Snapshot
10.9.2. Overview
10.9.3. Offerings
10.9.4. Financial Insight
10.9.5. Recent Developments
10.10. Varian Medical Systems
10.10.1. Snapshot
10.10.2. Overview
10.10.3. Offerings
10.10.4. Financial Insight
10.10.5. Recent Developments
10.11. Kirby Lester LLC
10.11.1. Snapshot
10.11.2. Overview
10.11.3. Offerings
10.11.4. Financial Insight
10.11.5. Recent Developments
10.12. Mazor Robotics Ltd
10.12.1. Snapshot
10.12.2. Overview
10.12.3. Offerings
10.12.4. Financial Insight
10.12.5. Recent Developments
10.13. Aurora Biomed Inc
10.13.1. Snapshot
10.13.2. Overview
10.13.3. Offerings
10.13.4. Financial Insight
10.13.5. Recent Developments
10.14. Roche Holding AG
10.14.1. Snapshot
10.14.2. Overview
10.14.3. Offerings
10.14.4. Financial Insight
10.14.5. Recent Developments
10.15. Biotek Instruments Inc
10.15.1. Snapshot
10.15.2. Overview
10.15.3. Offerings
10.15.4. Financial Insight
10.15.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.
List of Tables
Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Healthcare Service Robots Market Size, by Application, 2015 – 2019 (USD Million)
Table 5 Global Healthcare Service Robots Market Size, by Application, 2020 – 2025 (USD Million)
Table 6 Global Healthcare Service Robots Market Size, by Product Type, 2015 – 2019 (USD Million)
Table 7 Global Healthcare Service Robots Market Size, by Product Type, 2020 – 2025 (USD Million)
Table 8 Global Healthcare Service Robots Market Size, by Component Segmentation, 2015 – 2019 (USD Million)
Table 9 Global Healthcare Service Robots Market Size, by Component Segmentation, 2020 – 2025 (USD Million)
Table 10 Global Healthcare Service Robots Market Size, by Region, 2015 – 2019 (USD Million)
Table 11 Global Healthcare Service Robots Market Size, by Region, 2020 – 2025 (USD Million)
Table 12 North America Healthcare Service Robots Market Size, by Application, 2015 – 2019 (USD Million)
Table 13 North America Healthcare Service Robots Market Size, by Application, 2020 – 2025 (USD Million)
Table 14 North America Healthcare Service Robots Market Size, by Product Type, 2015 – 2019 (USD Million)
Table 15 North America Healthcare Service Robots Market Size, by Product Type, 2020 – 2025 (USD Million)
Table 16 North America Healthcare Service Robots Market Size, by Component Segmentation, 2015 – 2019 (USD Million)
Table 17 North America Healthcare Service Robots Market Size, by Component Segmentation, 2020 – 2025 (USD Million)
Table 18 North America Healthcare Service Robots Market Size, by Country, 2015 – 2019 (USD Million)
Table 19 North America Healthcare Service Robots Market Size, by Country, 2020 – 2025 (USD Million)
Table 20 Europe Healthcare Service Robots Market Size, by Application, 2015 – 2019 (USD Million)
Table 21 Europe Healthcare Service Robots Market Size, by Application, 2020 – 2025 (USD Million)
Table 22 Europe Healthcare Service Robots Market Size, by Product Type, 2015 – 2019 (USD Million)
Table 23 Europe Healthcare Service Robots Market Size, by Product Type, 2020 – 2025 (USD Million)
Table 24 Europe Healthcare Service Robots Market Size, by Component Segmentation, 2015 – 2019 (USD Million)
Table 25 Europe Healthcare Service Robots Market Size, by Component Segmentation, 2020 – 2025 (USD Million)
Table 26 Europe Healthcare Service Robots Market Size, by Country, 2015 – 2019 (USD Million)
Table 27 Europe Healthcare Service Robots Market Size, by Country, 2020 – 2025 (USD Million)
Table 28 Asia-Pacific Healthcare Service Robots Market Size, by Application, 2015 – 2019 (USD Million)
Table 29 Asia-Pacific Healthcare Service Robots Market Size, by Application, 2020 – 2025 (USD Million)
Table 30 Asia-Pacific Healthcare Service Robots Market Size, by Product Type, 2015 – 2019 (USD Million)
Table 31 Asia-Pacific Healthcare Service Robots Market Size, by Product Type, 2020 – 2025 (USD Million)
Table 32 Asia-Pacific Healthcare Service Robots Market Size, by Component Segmentation, 2015 – 2019 (USD Million)
Table 33 Asia-Pacific Healthcare Service Robots Market Size, by Component Segmentation, 2020 – 2025 (USD Million)
Table 34 Asia-Pacific Healthcare Service Robots Market Size, by Country, 2015 – 2019 (USD Million)
Table 35 Asia-Pacific Healthcare Service Robots Market Size, by Country, 2020 – 2025 (USD Million)
Table 36 RoW Healthcare Service Robots Market Size, by Application, 2015 – 2019 (USD Million)
Table 37 RoW Healthcare Service Robots Market Size, by Application, 2020 – 2025 (USD Million)
Table 38 RoW Healthcare Service Robots Market Size, by Product Type, 2015 – 2019 (USD Million)
Table 39 RoW Healthcare Service Robots Market Size, by Product Type, 2020 – 2025 (USD Million)
Table 40 RoW Healthcare Service Robots Market Size, by Component Segmentation, 2015 – 2019 (USD Million)
Table 41 RoW Healthcare Service Robots Market Size, by Component Segmentation, 2020 – 2025 (USD Million)
Table 42 RoW Healthcare Service Robots Market Size, by Country, 2015 – 2019 (USD Million)
Table 43 RoW Healthcare Service Robots Market Size, by Country, 2020 – 2025 (USD Million)
Table 44 Snapshot – Hocoma
Table 45 Snapshot – Irobot Corporation
Table 46 Snapshot – Hansen Medical Inc.
Table 47 Snapshot – Ekso Bionics Holdings Inc.
Table 48 Snapshot – Titan Medical Inc
Table 49 Snapshot – Accuray Inc
Table 50 Snapshot – Intuitive Surgical Inc
Table 51 Snapshot – MAKO Surgical Corp
Table 52 Snapshot – ZOLL Medical Corp
Table 53 Snapshot – Varian Medical Systems
Table 54 Snapshot – Kirby Lester LLC
Table 55 Snapshot – Mazor Robotics Ltd
Table 56 Snapshot – Aurora Biomed Inc
Table 57 Snapshot – Roche Holding AG
Table 58 Snapshot – Biotek Instruments Inc
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Healthcare Service Robots Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Healthcare Service Robots Market Highlight
Figure 12 Global Healthcare Service Robots Market Size, by Application, 2015 – 2025 (USD Million)
Figure 13 Global Healthcare Service Robots Market Size, by Product Type, 2015 – 2025 (USD Million)
Figure 14 Global Healthcare Service Robots Market Size, by Component Segmentation, 2015 – 2025 (USD Million)
Figure 15 Global Healthcare Service Robots Market Size, by Region, 2015 – 2025 (USD Million)
Figure 16 North America Healthcare Service Robots Market Highlight
Figure 17 North America Healthcare Service Robots Market Size, by Application, 2015 – 2025 (USD Million)
Figure 18 North America Healthcare Service Robots Market Size, by Product Type, 2015 – 2025 (USD Million)
Figure 19 North America Healthcare Service Robots Market Size, by Component Segmentation, 2015 – 2025 (USD Million)
Figure 20 North America Healthcare Service Robots Market Size, by Country, 2015 – 2025 (USD Million)
Figure 21 Europe Healthcare Service Robots Market Highlight
Figure 22 Europe Healthcare Service Robots Market Size, by Application, 2015 – 2025 (USD Million)
Figure 23 Europe Healthcare Service Robots Market Size, by Product Type, 2015 – 2025 (USD Million)
Figure 24 Europe Healthcare Service Robots Market Size, by Component Segmentation, 2015 – 2025 (USD Million)
Figure 25 Europe Healthcare Service Robots Market Size, by Country, 2015 – 2025 (USD Million)
Figure 26 Asia-Pacific Healthcare Service Robots Market Highlight
Figure 27 Asia-Pacific Healthcare Service Robots Market Size, by Application, 2015 – 2025 (USD Million)
Figure 28 Asia-Pacific Healthcare Service Robots Market Size, by Product Type, 2015 – 2025 (USD Million)
Figure 29 Asia-Pacific Healthcare Service Robots Market Size, by Component Segmentation, 2015 – 2025 (USD Million)
Figure 30 Asia-Pacific Healthcare Service Robots Market Size, by Country, 2015 – 2025 (USD Million)
Figure 31 RoW Healthcare Service Robots Market Highlight
Figure 32 RoW Healthcare Service Robots Market Size, by Application, 2015 – 2025 (USD Million)
Figure 33 RoW Healthcare Service Robots Market Size, by Product Type, 2015 – 2025 (USD Million)
Figure 34 RoW Healthcare Service Robots Market Size, by Component Segmentation, 2015 – 2025 (USD Million)
Figure 35 RoW Healthcare Service Robots Market Size, by Country, 2015 – 2025 (USD Million)
Global Healthcare Service Robots Market Coverage
Application Insight and Forecast 2015-2025
Product Type Insight and Forecast 2015-2025
Component Industry Insight and Forecast 2015-2025
Geographical Segmentation
Healthcare Service Robots Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
Vynz Research know in your business needs, you required specific answers pertaining to the market, Hence, our experts and analyst can provide you the customized research support on your specific needs.
After the purchase of current report, you can claim certain degree of free customization within the scope of the research.
Please let us know, how we can serve you better with your specific requirements to your research needs. Vynz research promises for quick reversal for your current business requirements.