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Healthcare Robots Market by Product and Geography - Forecast and Analysis 2021-2025

Healthcare Robots Market by Product and Geography - Forecast and Analysis 2021-2025

Published: Oct 2021 120 Pages SKU: IRTNTR71235

The healthcare robots market share should rise by USD 5.59 billion from 2021 to 2025 at a CAGR of 13.99%.

This healthcare robots market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (surgical robots, rehabilitation robots, and others) and geography (North America, APAC, Europe, MEA, and South America). The healthcare robots market report also offers information on several market vendors, including BlueBotics SA, DF Automation and Robotics Sdn Bhd, Kollmorgen Corp., MIDEA GROUP, Mobile Industrial Robots AS, OMRON Corp., PAL Robotics SL, Panasonic Corp., Savioke Inc., and Stryker Corp. among others.

What will the Healthcare Robots Market Size be in 2021?

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Healthcare Robots Market: Key Drivers and Trends

The technological advancements are notably driving the healthcare robots market growth, although factors such as the high cost of robotic systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the healthcare robots industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This healthcare robots market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Healthcare Robots Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BlueBotics SA
  • DF Automation and Robotics Sdn Bhd
  • Kollmorgen Corp.
  • MIDEA GROUP
  • Mobile Industrial Robots AS
  • OMRON Corp.
  • PAL Robotics SL
  • Panasonic Corp.
  • Savioke Inc.
  • Stryker Corp.

 

The vendor landscape of the healthcare robots market entails successful business strategies deployed by the vendors. The healthcare robots market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the healthcare robots market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Healthcare Robots Market?

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55% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for healthcare robots in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increasing adoption of surgical robots will facilitate the healthcare robots market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Product Segments in the Healthcare Robots Market?

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The healthcare robots market share growth by the surgical robots segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the healthcare robots market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Healthcare Robots Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 13.99%

Market growth 2021-2025

$ 5.59 billion

Market structure

Fragmented

YoY growth (%)

12.85

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

North America at 55%

Key consumer countries

US, China, Japan, UK, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

BlueBotics SA, DF Automation and Robotics Sdn Bhd, Kollmorgen Corp., MIDEA GROUP, Mobile Industrial Robots AS, OMRON Corp., PAL Robotics SL, Panasonic Corp., Savioke Inc., and Stryker Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Healthcare Robots Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive healthcare robots market growth during the next five years
  • Precise estimation of the healthcare robots market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the healthcare robots market across North America, APAC, Europe, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of healthcare robots market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Healthcare Robots market growth will increase by 5594.68 million during 2020-2025.

The Healthcare Robots market is expected to grow at a CAGR of 13.99% during 2020-2025.

Healthcare Robots market is segmented by Product( Surgical robots, Rehabilitation robots, Others) Geographic( North America, APAC, Europe, MEA, South America)

BlueBotics SA, DF Automation and Robotics Sdn Bhd, Kollmorgen Corp., MIDEA GROUP, Mobile Industrial Robots AS, OMRON Corp., PAL Robotics SL, Panasonic Corp., Savioke Inc., Stryker Corp. are a few of the key vendors in the Healthcare Robots market.

North America will register the highest growth rate of 54.52% among the other regions. Therefore, the Healthcare Robots market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

US, China, Japan, UK, Canada

  • Increasing adoption of surgical robots is the driving factor this market.

The Healthcare Robots market vendors should focus on grabbing business opportunities from the Surgical robots segment as it accounted for the largest market share in the base year.