Market Overview:
The global hospital and pharmacy robotics market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries, rising geriatric population, and growing number of hospitals and clinics. Based on type, the surgical robot segment is expected to account for the largest share of the global hospital and pharmacy robotics market in 2018. This segment is projected to grow at a CAGR of 11.5% during the forecast period from 2018 to 2030.
Product Definition:
A robot is a machine that can be programmed to do specific tasks. Hospital and pharmacy robotics are machines that are used in hospitals and pharmacies to automate certain tasks. This automation can improve efficiency and accuracy, as well as reduce labor costs.
Surgical Robot:
Surgical robot is a computer-controlled device, which assists the surgeon in performing surgical procedures. It's major applications are in operating rooms for laparoscopy and open surgery. Surgical robots have replaced traditional devices like forceps and scalpels during laparoscopic surgeries due to its benefits such as precise control, reduced risk of cross contamination & infection, high efficiency rate among others.
Rehabilitation Robot:
Rehabilitation robot is a computer software or mechanical device, which helps physically disabled people to perform day-to-day tasks. It can help in dressing, bathing, and assisting in other physical activities. The growing geriatric population across the globe coupled with increasing incidence of accidents and diseases are expected to drive the market growth during the forecast period from 2016 to 2024.
Application Insights:
The others segment includes home healthcare, ASC and other. Other application areas include in-home healthcare, where the robots are used for transfers or bedside manner support. The use of these devices is increasing in the geriatric population or patients suffering from mobility problems due to their conditions. These applications require less physical exertion by the robot as compared to hospital based surgeries and can be performed remotely if required.
Hospital was estimated as the largest segment with a revenue share of over 50% in 2017 owing to rising adoption across various countries worldwide including China, Japan, Germany and Spain among others. Increasing number of hospitals & surgery centers coupled with growing government funding for medical robotics is expected to drive growth over forecast period thereby making it one of the fastest growing segments during future years 2030 to ¢â‚¬Å“2038$.
Regional Analysis:
North America dominated the global hospital and pharmacy robotics market in 2017. This can be attributed to factors such as increasing geriatric population, high healthcare expenditure, technological advancements, and growing adoption of automation in hospitals. Moreover, the presence of major players such as Intuitive Surgical Inc.; Stryker Corporation; Medline Industries; Cyberkinetics LLC; and Novar Health Solutions LLC is also expected to drive growth over the forecast period.
Asia Pacific region is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure with an increase in government spending on medical devices & services along with rising demand for minimally invasive surgeries resulting from a rise in chronic diseases that require surgical interventions.
Major companies operating within this industry include: Fujifilm Wako Pure Chemical Corp., Olympus Japan Industrial Co.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The hospital and pharmacy robotics market is driven by the increasing demand for minimally invasive surgeries. These surgeries are less risky and cause less pain to the patients as compared to traditional open surgery procedures.
- Growing number of surgical procedures: The number of surgical procedures is growing at a rapid pace, which is driving the demand for hospital and pharmacy robotics systems. These systems help in performing complex surgical procedures with precision and accuracy.
- Technological advancements: Robotics technology is constantly evolving, which is resulting in better performance of robots used in hospitals and pharmacies. This is helping to drive the growth of the hospital and pharmacy robotics market worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hospital and Pharmacy Robotics Market Research Report
By Type
Surgical Robot, Rehabilitation Robot, Pharmacy Automation Robot, Other
By Application
Hospitals, Clinics, Ambulatory Surgery Centers, Others
By Companies
Intuitive Surgical, Ethicon, Think Surgical, Auris Health, Stryker, Transenterix, Kuka Robotics, Mazor Robotics, Smith and Nephew, Medrobotics, Titan Medical, Virtual Incision
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Hospital and Pharmacy Robotics Market Report Segments:
The global Hospital and Pharmacy Robotics market is segmented on the basis of:
Types
Surgical Robot, Rehabilitation Robot, Pharmacy Automation Robot, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Ambulatory Surgery Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Intuitive Surgical
- Ethicon
- Think Surgical
- Auris Health
- Stryker
- Transenterix
- Kuka Robotics
- Mazor Robotics
- Smith and Nephew
- Medrobotics
- Titan Medical
- Virtual Incision
Highlights of The Hospital and Pharmacy Robotics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Surgical Robot
- Rehabilitation Robot
- Pharmacy Automation Robot
- Other
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgery Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hospital and Pharmacy Robotics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hospital and pharmacy robotics are technologies that help automate the tasks of hospital staff. These robots can help with things like stocking shelves, retrieving supplies, and delivering medications. They can also help with other tasks around the hospital, such as cleaning or maintaining areas.
Some of the major companies in the hospital and pharmacy robotics market are Intuitive Surgical, Ethicon, Think Surgical, Auris Health, Stryker, Transenterix, Kuka Robotics, Mazor Robotics, Smith and Nephew, Medrobotics, Titan Medical, Virtual Incision.
The hospital and pharmacy robotics market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hospital and Pharmacy Robotics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hospital and Pharmacy Robotics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hospital and Pharmacy Robotics Market - Supply Chain
4.5. Global Hospital and Pharmacy Robotics Market Forecast
4.5.1. Hospital and Pharmacy Robotics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hospital and Pharmacy Robotics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hospital and Pharmacy Robotics Market Absolute $ Opportunity
5. Global Hospital and Pharmacy Robotics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hospital and Pharmacy Robotics Market Size and Volume Forecast by Type
5.3.1. Surgical Robot
5.3.2. Rehabilitation Robot
5.3.3. Pharmacy Automation Robot
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hospital and Pharmacy Robotics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hospital and Pharmacy Robotics Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Ambulatory Surgery Centers
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hospital and Pharmacy Robotics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hospital and Pharmacy Robotics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hospital and Pharmacy Robotics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hospital and Pharmacy Robotics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hospital and Pharmacy Robotics Demand Share Forecast, 2019-2026
9. North America Hospital and Pharmacy Robotics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hospital and Pharmacy Robotics Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hospital and Pharmacy Robotics Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Ambulatory Surgery Centers
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hospital and Pharmacy Robotics Market Size and Volume Forecast by Type
9.7.1. Surgical Robot
9.7.2. Rehabilitation Robot
9.7.3. Pharmacy Automation Robot
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hospital and Pharmacy Robotics Demand Share Forecast, 2019-2026
10. Latin America Hospital and Pharmacy Robotics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hospital and Pharmacy Robotics Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hospital and Pharmacy Robotics Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Ambulatory Surgery Centers
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hospital and Pharmacy Robotics Market Size and Volume Forecast by Type
10.7.1. Surgical Robot
10.7.2. Rehabilitation Robot
10.7.3. Pharmacy Automation Robot
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hospital and Pharmacy Robotics Demand Share Forecast, 2019-2026
11. Europe Hospital and Pharmacy Robotics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hospital and Pharmacy Robotics Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hospital and Pharmacy Robotics Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Ambulatory Surgery Centers
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hospital and Pharmacy Robotics Market Size and Volume Forecast by Type
11.7.1. Surgical Robot
11.7.2. Rehabilitation Robo
11.7.3. Pharmacy Automation Robot
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hospital and Pharmacy Robotics Demand Share, 2019-2026
12. Asia Pacific Hospital and Pharmacy Robotics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hospital and Pharmacy Robotics Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hospital and Pharmacy Robotics Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Ambulatory Surgery Centers
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hospital and Pharmacy Robotics Market Size and Volume Forecast by Type
12.7.1. Surgical Robot
12.7.2. Rehabilitation Robot
12.7.3. Pharmacy Automation Robot
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hospital and Pharmacy Robotics Demand Share, 2019-2026
13. Middle East & Africa Hospital and Pharmacy Robotics Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hospital and Pharmacy Robotics Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hospital and Pharmacy Robotics Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Ambulatory Surgery Centers
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hospital and Pharmacy Robotics Market Size and Volume Forecast by Type
13.7.1. Surgical Robot
13.7.2. Rehabilitation Robot
13.7.3. Pharmacy Automation Robot
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hospital and Pharmacy Robotics Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hospital and Pharmacy Robotics Market: Market Share Analysis
14.2. Hospital and Pharmacy Robotics Distributors and Customers
14.3. Hospital and Pharmacy Robotics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Intuitive Surgical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ethicon
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Think Surgical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Auris Health
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Stryker
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Transenterix
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kuka Robotics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mazor Robotics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Smith and Nephew
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Medrobotics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Titan Medical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Virtual Incision
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
