Global Healthcare Service Robots Market

Analysis and Forecast, 2020-2025

Published Year: 2020
SKU: BHR0905SA

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Report Description

Market Report Coverage - Healthcare Service Robots
Forecast Period: 2020-2025
CAGR During Forecast Period: 26.4%

Market Report Coverage - Healthcare Service Robots

Base Year

2019

Market Size in 2019

$462.3 Million

Forecast Period

2020-2025

Value Projection and Estimation by 2025

$2.82 Billion

CAGR During Forecast Period

26.4%

Number of Tables

18

Number of Pages

163

Number of Figures

97

Research Hours

272

 

 

Market Segmentation

•    Application – Disinfectant robots, Humanoid Robots, Mobile Hospital Logistics Robots

•    Product- Robotic Systems, and Instruments & Consumables (Navigation Control, Customizable equipment, disinfectant solutions)

•    Technology- Sensors, LIDAR & SONAR, and Cameras

•    Utility – Single Purpose, and Multi-Purpose

Regional Segmentation

•    North America- U.S. and Canada

•    Europe- Germany, U.K, Italy, Spain, France, and Rest-of-Europe

•    Asia-Pacific- Japan, China, South Korea, Australia, India, Singapore and Rest-of-Asia-Pacific

•    Rest-of-the-World

Growth Drivers

•    Control of Hospital Acquired Infection

•    Decreasing Nurse to Patient Population

•    Robots lending a hand during Covid-19 outbreak

•    Funding in Developed Nations

Market Challenges

•    Minimal Healthcare Budget Allocation in Developing Countries

•    Procurement of Expensive Service Robots for Hospital Infrastructure Lies a Major Challenge

•    Ethical Constraints Over Usage of Service Robots

Market Opportunities

•    Integration of AI and Advanced Technologies into the Healthcare Service Robots

Key Companies Profiled

Xenex Disinfection Services, The UBTECH, Sanbot (QIHAN Technology), UVD Robots (Blue Ocean Robotics), InTouch Health, SoftBank Robotics, Universal Robots A/S, ST Engineering (Aethon), Double Robotics, and UVD Robots.

Key Questions Answered in this Report:

What are the various healthcare service robots available in the market?

•    What are the various healthcare service robots available in the market?
•    What is the current market size and future potential of these technologies? 
•    What are the major market drivers, challenges, and opportunities in the global healthcare service robots market?
•    How is COVID-19 pandemic pushing companies into developing professional service robots? 
•    What are the key technological developments on which the current industry leaders are spending a major share of their research and development (R&D) investments?
•    Who are the leading players holding dominating shares in the global healthcare service robots market, currently?
•    What are the key strategies incorporated by the players of global healthcare service robots market, to sustain the competition and retain their supremacy?  
•    How are various governments transforming their investment strategies toward strengthening and supporting healthcare service robots for various applications? 
•    What is the current revenue contribution of different application types and how would it evolve in the forecast period? 
•    What is the current revenue contribution of different utility types and how would it evolve in the forecast period? 
•    What is the current revenue contribution of different product types and how would it evolve in the forecast period? 
•    What is the current revenue contribution of different technology types and how would it evolve in the forecast period? 
•    Which countries contribute to the major share of current demand and which countries hold significant scope for expansion for business activities, by players of the global healthcare service robots market?

Market Overview

The global healthcare service robots market was valued to be $462.3 million in 2019.

Overview on the Global Healthcare Service Robots Market

Global healthcare service robots market is currently witnessing a significant change in the market landscape. There is rising investment in development of healthcare infrastructure, focus toward control of hospital-acquired infections, and deployment of healthcare service robots during the novel coronavirus pandemic. Thus, this is leading to potential growth opportunities for the healthcare service robots market. Moreover, there is an extensive entry of leading medical device players, and software companies into the healthcare space. These companies are integrating their expertise in advanced technologies such as artificial intelligence, machine learning algorithms, and sensors among others into the robotic systems. All these predominant factors have led to a significant rise in sales of healthcare service robots systems across the globe.

The global healthcare service robots market was valued to be $462.3 million in 2019 and is anticipated to witness an impressive double-digit growth rate, to reach $2.82 billion by 2025. The industry is growing multifold owing to the rising investment in development of healthcare infrastructure, focus toward control of hospital-acquired infections, and deployment of healthcare service robots during the novel coronavirus pandemic. Healthcare service domain is also currently exploring the potential of technologies such as artificial intelligence, machine learning algorithms, and sensors among others into the robotic systems. Hence, it is anticipated that these trends will have a significant impact on healthcare service robots market in the next five years, and the market will grow multifold.

Competitive Landscape

The global healthcare service robots is dominated by a plethora robotic companies that can be categorized as manufacturers of robotic systems, and industrial robots such as collaborative robots or cobots. Companies are continuously collaborating with research and medical institutions to expand the service robot space.

In the last five years (January 2016-June 2020), the market witnessed approximately 59 notable key developments. These included 33 product launches, and enhancements 20 synergistic activities, 2 mergers, and acquisitions, 4 funding activities, among others. Most of the companies are significantly undertaking new product development to not only expand their global footprint and offerings in a bid to consolidate the marketplace. Therefore, new offerings constitute the dominant contributors’ strategies.

The key players contributing to the global healthcare service robots market are Xenex Disinfection Services, The UBTECH, Sanbot (QIHAN Technology), UVD Robots (Blue Ocean Robotics), InTouch Health, SoftBank Robotics, Universal Robots A/S, ST Engineering (Aethon), Double Robotics, and UVD Robots, among others.

Table of Contents

1 Product Definition

1.1    Inclusion and Exclusion Criteria
         1.1.1    Inclusions
         1.1.2    Exclusions

2 Research Scope

2.1    Scope of Work
2.2    Key Questions Answered in the Report

3 Research Methodology

3.1    Primary Research
3.2    Secondary Research
3.3    Data Sources and Categorization
3.4    Criteria for Company Profiles
3.5    Market Estimation and Forecast Methodology
3.6    Data Triangulation
3.7    Assumptions and Limitations

4 Industry Analysis

4.1    Value Chain Analysis
4.2    Legal Requirements and Regulations
         4.2.1    For Industrial Robots (Mobile Autonomous Robots, Logistics, Collaborative Robots or Cobots)
                     4.2.1.1    Industry Safety Standards
         4.2.2    For Telepresence Robots
                     4.2.2.1    Regulatory Framework in the U.S.
                     4.2.2.2    Regulatory Framework in Europe
                     4.2.2.3    Regulatory Framework in Japan
                     4.2.2.4    Regulatory Framework in China
                     4.2.2.5    Regulatory Framework in Other Countries
                                    4.2.2.5.1    Regulatory Framework in India
                                    4.2.2.5.2    Regulatory Framework in Latin America
                                    4.2.2.5.3    Regulatory Framework in the Middle East and Africa
         4.2.3    Consortiums, Associations, and Regulatory Bodies
4.3    Case Studies
         4.3.1    Case Study: Mobile Hospital Logistics Robots
4.4    COVID-19 Impact on Healthcare Service Robots Market

5 Competitive Landscape

5.1    Key Strategies and Developments
5.2    Market Share Analysis

6 Global Healthcare Service Robots Market Scenario

6.1    Assumptions and Limitations
6.2    Key Findings
6.3    Potential Opportunities – Healthcare Service Robots
         6.3.1    Integration of Artificial Intelligence and Advanced Technologies into the Healthcare Service Robots
6.4    Global Healthcare Service Robots Market Size and Forecast
6.5    Market Drivers
         6.5.1    Control of Hospital-Acquired Infection
         6.5.2    Decreasing Nurse to Patient Population
         6.5.3    Robots Lending a Hand during Covid-19 Outbreak
         6.5.4    Funding in Developed Nations
6.6    Market Restraints
         6.6.1    Minimal Healthcare Budget Allocation in Developing Countries
         6.6.2    Procurement of Expensive Service Robots for Hospital Infrastructure Lies a Major Challenge
         6.6.3    Ethical Constraints Over Usage of Service Robots

7 Global Healthcare Service Robots Market (by Application Type), 2019-2025

7.1    Disinfection Robots
7.2    Humanoid Robots
7.3    Mobile Hospital Logistics Robots

8 Global Healthcare Service Robots Market (by Utility), 2019-2025

8.1    Single Purpose Service Robots
8.2    Multi-Purpose Robots Service Robots

9 Global Healthcare Service Robots Market (by Product), 2019-2025

9.1    Robotic Systems
9.2    Instruments and Consumables
         9.2.1    Navigation Control
         9.2.2    Customizable Equipment
         9.2.3    Disinfectant Solutions

10 Global Healthcare Service Robots Market (by Navigation Technology), 2019-2025

10.1    Sensors
10.2    Cameras
10.3    LIDAR and SONAR

11 Global Healthcare Service Robots Market (by Region), 2019-2025

11.1    North America
           11.1.1    U.S.
           11.1.2    Canada
11.2    Europe
           11.2.1    Germany
           11.2.2    France
           11.2.3    Italy
           11.2.4    U.K.
           11.2.5    Spain
           11.2.6    Rest-of-Europe
11.3    Asia-Pacific
           11.3.1    China
           11.3.2    Japan
           11.3.3    South Korea
           11.3.4    Australia
           11.3.5    India
           11.3.6    Singapore
           11.3.7    Rest-of-Asia-Pacific
11.4    Rest-of-the-World

12 Company Profiles

12.1    Overview
12.2    Double Robotics
           12.2.1    Company Overview
           12.2.2    Role of Double Robotics in the Global Healthcare Service Robots Market
           12.2.3    SWOT Analysis
12.3    InTouch Health
           12.3.1    Company Overview
           12.3.2    Role of InTouch Health in the Global Healthcare Service Robots Market
           12.3.3    SWOT Analysis
12.4    Nevoa Inc.
           12.4.1    Company Overview
           12.4.2    Role of Nevoa Inc in the Global Healthcare Service Robots Market
           12.4.3    SWOT Analysis
12.5    OMRON CORPORATION
           12.5.1    Company Overview
           12.5.2    Role of Omron Corporation in the Global Healthcare Robotics Market
           12.5.3    Financials
           12.5.4    SWOT Analysis
12.6    ST Engineering
           12.6.1    Company Overview
           12.6.2    Role of ST Engineering in the Global Healthcare Service Robots Market
           12.6.3    Financials
           12.6.4    SWOT Analysis
12.7    Sanbot (Subsidiary of Qihan Technology Co Ltd)
           12.7.1    Company Overview
           12.7.2    Role of Sanbot in the Global Healthcare Service Robots Market
           12.7.3    SWOT Analysis
12.8    SoftBank Robotics, Inc.
           12.8.1    Company Overview
           12.8.2    Role of SoftBank Robotics, Inc. in the Global Healthcare Service Robots Market
           12.8.3    SWOT Analysis
12.9    Soft Robotics, Inc.
           12.9.1    Company Overview
           12.9.2    Role of Soft Robotics, Inc. in the Global Healthcare Service Robots Market
           12.9.3    SWOT Analysis
12.10    Universal Robots A/S
             12.10.1    Company Overview
             12.10.2    Role of Universal Robots A/S in the Global Healthcare Service Robots Market
             12.10.3    SWOT Analysis
12.11    UVD Robots ApS (Parent Organization- Blue Ocean Robotics)
             12.11.1    Company Overview
             12.11.2    Role of UVD Robots in the Global Healthcare Service Robots Market
             12.11.3    SWOT Analysis
12.12    UB Tech
             12.12.1    Company Overview
             12.12.2    Role of UB Tech in the Global Healthcare Service Robots Market
             12.12.3    SWOT Analysis
12.13    Xenex Disinfection Services
             12.13.1    Company Overview
             12.13.2    Role of Xenex Disinfection Services in the Global Healthcare Service Robots Market
             12.13.3    SWOT Analysis

List of Tables

Table 1:    Impact of Market Drivers, 2019-2025
Table 2:    Impact of Market Restraints, 2019-2025
Table 4.1:    Different Industrial Standards
Table 4.2:    List of Associations/Consortiums/Regulatory Bodies with Year of Establishment and Region
Table 4.3:    Case Study: Disinfection Robots
Table 4.4:    Case Study: Mobile Hospital Logistics Robots
Table 4.5:    Case Study: Mobile Hospital Logistics Robots
Table 4.6:    Case Study: Telepresence Robots
Table 5.1:    Key Developments Count for Healthcare Service Robots Market
Table 5.2:    Key Funding Activities Happening in the Global Healthcare Service Robots Market, 2016-2020
Table 5.3:    Key M&A Activities Happening in the Global Healthcare Service Robots Market, 2016-2020
Table 5.4:    Key New Offerings Happening in the Global Healthcare Service Robots Market, 2016-2020
Table 5.5:    Key Partnerships, Alliances, and Business Expansions in Healthcare Service Robots Market, 2016-2020
Table 6.1:    Ratio of Nurses per 1000 Population in Different Countries (2018)
Table 6.2:    R&D Programs Driven by Governments
Table 6.3:    Impact of Market Drivers, 2019-2025
Table 6.4:    Cost of Healthcare Service Robots
Table 6.5:    Impact of Market Restraints, 2019-2025

List of Figures

List of Figures    
Figure 1:    Global Healthcare Service Robots Market (by Application), 2019 and 2025
Figure 2:    Global Healthcare Service Robots Market (by Product), 2019 and 2025
Figure 3:    Global Healthcare Service Robots Market (by Utility), 2019 and 2025
Figure 4:    Global Healthcare Service Robots Market (by Navigation Technology), 2019 and 2025
Figure 5:    Growth Analysis of Region-Specific Demand for Healthcare Service Robots Market
Figure 2.1    Global Healthcare Service Robots Market Segmentation
Figure 3.1:    Research Methodology
Figure 3.2:    Primary Research Methodology
Figure 3.3:    Secondary Research
Figure 3.4:    Data Triangulation
Figure 3.5:    Assumptions and Limitations
Figure 4.1:    Healthcare Service Robots: Value Chain Analysis
Figure 4.2:    Regulatory Process for Medical Devices in the U.S.
Figure 4.3:    MDR Transitional Provisions
Figure 4.4:    MDR Timeline
Figure 4.5:    Weekly Miles Covered Due to Hospital Logistics Requirement
Figure 5.1:    Major Pointers in Global Healthcare Service Robots Market Key Developments, 2016-2020
Figure 5.2:    Market Share Analysis (by Company), 2019
Figure 6.1:    Global Healthcare Service Robots Market Size and Forecast, 2019-2025
Figure 7.1:    Revenue Contributions (Application), 2019 and 2025
Figure 7.2:    Disinfection robots Market, 2019-2025
Figure 7.3:    Humanoid Robots, 2019-2025
Figure 7.4:    Mobile Hospital Logistics Robots, 2019-2025
Figure 8.1:    Revenue Contributions (Utility), 2019 and 2025
Figure 8.2:    Single Purpose Market, 2019-2025
Figure 8.3:    Multi-Purpose Market, 2019-2025
Figure 9.1:    Revenue Contributions (Product), 2019 and 2025
Figure 9.2:    Robotic Systems Market, 2019-2025
Figure 9.3:    Instruments and Consumables, 2019-2025
Figure 9.4:    Navigation Control, 2019-2025
Figure 9.5:    Customizable Equipment, 2019-2025
Figure 9.6:    Disinfectant Solutions, 2019-2025
Figure 10.1:    Revenue Contributions (Products), 2019 and 2025
Figure 10.2:    Sensors Market, 2019-2025
Figure 10.3:    Cameras Market, 2019-2025
Figure 10.4:    LIDAR and SONAR Market, 2019-2025
Figure 11.1:    Global Healthcare Service Robots Market (by Region)
Figure 11.2:    Revenue Contributions Different Regions, 2019 and 2025
Figure 11.3:    North America Healthcare Service Robots Market, 2019-2025
Figure 11.4:    North America: Market Dynamics
Figure 11.5:    Revenue Contributions of Different Countries in North America, 2019 and 2025
Figure 11.6:    U.S. Healthcare Service Robots Market, 2019-2025
Figure 11.7:    Canada Healthcare Service Robots Market, 2019-2025
Figure 11.8:    Europe Healthcare Service Robots Market, 2019-2025
Figure 11.9:    Europe: Market Dynamics
Figure 11.10:    Revenue Contributions Different Countries in Europe, 2019 and 2025
Figure 11.11:    Germany Healthcare Service Robots Market, 2019-2025
Figure 11.12:    France Healthcare Service Robots Market, 2019-2025
Figure 11.13:    Italy Healthcare Service Robots Market, 2019-2025
Figure 11.14:    U.K. Healthcare Service Robots Market, 2019-2025
Figure 11.15:    Spain Healthcare Service Robots Market, 2019-2025
Figure 11.16:    Rest-of-Europe Healthcare Service Robots Market, 2019-2025
Figure 11.17:    Asia-Pacific Healthcare Service Robots Market, 2019-2025
Figure 11.18:    Asia-Pacific: Market Dynamics
Figure 11.19:    Revenue Contributions of Different Countries in Asia-Pacific, 2019 and 2025
Figure 11.20:    China Healthcare Service Robots Market, 2019-2025
Figure 11.21:    Japan Healthcare Service Robots Market, 2019-2025
Figure 11.22:    South Korea Healthcare Service Robots Market, 2019-2025
Figure 11.23:    Australia Healthcare Service Robots Market, 2019-2025
Figure 11.24:    India Healthcare Service Robots Market, 2019-2025
Figure 11.25:    Singapore Healthcare Service Robots Market, 2019-2025
Figure 11.26:    Rest-of-Asia-Pacific Healthcare Service Robots Market, 2019-2025
Figure 11.27:    Rest-of-the-World Healthcare Service Robots Market, 2019-2025
Figure 12.1:    Shares of Key Company Profiles
Figure 12.2:    Double Robotics – Product Offerings
Figure 12.3:    SWOT Analysis – Double Robotics
Figure 12.4:    InTouch Health – Product Offerings
Figure 12.5:    SWOT Analysis – InTouch Health
Figure 12.6:    Nevoa Inc – Product Offerings
Figure 12.7:    SWOT Analysis – Nevoa, Inc.
Figure 12.8:    Omron Corporation - Product Portfolio
Figure 12.9:    Omron Corporation - Overall Financials, 2017-2019
Figure 12.10:    Omron Corporation, Revenue (by Segment), 2018-2019
Figure 12.11:    Omron Corporation: Revenue (by Region), 2017-2019
Figure 12.12:    Omron Corporation: R&D Expenditure, 2017-2019
Figure 12.13:    SWOT Analysis – Omron Corporation
Figure 12.14:    ST Engineering: Product Portfolio for the Global Healthcare Service Robots Market
Figure 12.15:    ST Engineering: Overall Financials, 2016-2018
Figure 12.16:    ST Engineering: Revenue (by Business Segment), 2016-2018
Figure 12.17:    ST Engineering: Revenue (by Region), 2016-2018
Figure 12.18:    ST Engineering: SWOT Analysis
Figure 12.19:    Sanbot – Product Offerings
Figure 12.20:    SWOT Analysis: Sanbot
Figure 12.21:    SoftBank Robotics, Inc. – Product Offerings
Figure 12.22:    Soft Bank Group Corp.: Overall Financials, 2016-2018
Figure 12.23:    Soft Bank Group Corp.: Net Revenue (by Business Segment), 2016-2018
Figure 12.24:    Soft Bank Group Corp.: Net Revenue (by Region), 2016-2018
Figure 12.25:    SoftBank Group Corp.: R&D Expenditure, 2016-2018
Figure 12.26:    SWOT Analysis –  SoftBank Robotics, Inc.
Figure 12.27:     Soft Robotics, Inc. – Product Offerings
Figure 12.28:    SWOT Analysis –  Soft Robotics, Inc.
Figure 12.29:     Universal Robots A/S – Product Offerings
Figure 12.30:    SWOT Analysis –  Universal Robots A/S
Figure 12.31:     UVD Robots – Product Offerings
Figure 12.32:    SWOT Analysis –  UVD Robots
Figure 12.34:    SWOT Analysis: UB Tech
Figure 12.36:    SWOT Analysis: Xenex Disinfection Services

Global Healthcare Service Robots Market

Analysis and Forecast, 2020-2025