Hospital Logistics Robots Market by Application and Geography - Forecast and Analysis 2022-2026

The hospital logistics robots market share is expected to increase to USD 818.32 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 17.68%.

This hospital logistics 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 hospital logistics robots market segmentation by application (pharmacy, laboratory, and sterile goods delivery, food delivery, laundry delivery, and waste transportation) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The hospital logistics robots market report also offers information on several market vendors, including Corvus Robotics Inc., DF Automation and Robotics Sdn Bhd, Diligent Robotics Inc., IAM Robotics, John Bean Technologies Corp., Kollmorgen Corp., MIDEA Group Co. Ltd., Mobile Industrial Robots AS, OMRON Corp., PAL Robotics SL, Panasonic Corp., Pudu Technology Inc., Ramboll Group AS, Relay Robotics Inc., ROFA INDUSTRIAL AUTOMATION AG, Singapore Technologies Engineering Ltd., Sir Steward, and Zapi Group among others.

What will the Hospital Logistics Robots Market Size be During the Forecast Period?

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Hospital Logistics Robots Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing advances in technology is notably driving the hospital logistics robots market growth, although factors such as the high cost of hospital logistics robots 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 hospital logistics robots industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hospital Logistics Robots Market Driver

One of the key factors driving growth in the hospital logistics robots market is the increasing advances in technology. Technological advancements that enable robotic platforms to become mobile and provide solutions by utilizing certain intelligent capabilities are some of the key and important drivers of the global hospital logistics robots market. While the COVID-19 pandemic has had a significantly positive impact on all industries, including the global hospital logistics robots market, the demand for hospital logistics robots is expected to grow slowly over the next few years. With additional technological advances and intelligent capabilities, logistics robots will achieve fully autonomous behavior over time. Through the forecast period, vendors will focus on areas such as obstacle avoidance and detection, mapping, human-robot interaction (HRI), gripping, and autonomous transportation of packages and pallets.

Key Hospital Logistics Robots Market Trend

Improving customer support services is a hospital logistics robots market trend that is expected to have a positive impact in the coming years. For the successful implementation of hospital logistics robots, hospitals and other healthcare facilities opt for services provided by manufacturers. The healthcare facilities using robots also opt for third-party consultants to ensure the seamless integration of robots into their existing systems after a feasibility study. Vendors primarily provide engineering, programming, system integration, installation, and commissioning services. Vendors are also initiating services that help workers in adjusting to workflow changes. Key vendors provide other services, including e-documentation for system reference and troubleshooting, along with the minimization of the recovery time and maximization of uptime through in-depth preventive maintenance programs.

Key Hospital Logistics Robots Market Challenge

The high cost of hospital logistics robots will be a major challenge for the hospital logistics robots market during the forecast period. As hospital logistics robots involve the use of sensors, software, and advanced technologies, their prices are considerably high. Therefore, the adoption of these robots is limited in hospitals that cannot afford a large one-time payment due to their financial constraints. Apart from equipment costs, additional expenses on certain accessories and add-ons and maintenance in terms of servicing, electricity, and upgrades add significantly to the overall expenditure. Costs also appreciate based on customization, operational requirements that depend on the intended use of the robot, and training requirement for specialists and operators of hospital logistics robots. Such high investment requirements will create a challenge for the market.

This hospital logistics 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global hospital logistics robots market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hospital logistics robots market during the forecast period.

Who are the Major Hospital Logistics Robots Market Vendors?

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

 

• Corvus Robotics Inc.
• DF Automation and Robotics Sdn Bhd
• Diligent Robotics Inc.
• IAM Robotics
• John Bean Technologies Corp.
• Kollmorgen Corp.
• MIDEA Group Co. Ltd.
• Mobile Industrial Robots AS
• OMRON Corp.
• PAL Robotics SL
• Panasonic Corp.
• Pudu Technology Inc.
• Ramboll Group AS
• Relay Robotics Inc.
• ROFA INDUSTRIAL AUTOMATION AG
• Singapore Technologies Engineering Ltd.
• Sir Steward
• Zapi Group

 

This statistical study of the hospital logistics robots market encompasses successful business strategies deployed by the key vendors. The hospital logistics robots market is fragmented and the vendors are deploying growth strategies such as focusing on geographical expansion, increasing production capacities, and upselling products by upgrading the existing ones to compete in the market.

Product Insights and News

• DF Automation and Robotics Sdn Bhd - DF Automation and Robotics Sdn Bhd is a privately held company headquartered in Malaysia. It is a regional company generating $1.01 million in revenues and has around 65 employees. Its revenue from the global hospital logistics robots market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
• DF Automation and Robotics Sdn Bhd - The company offers hospital logistics robots such as ZALPHA Series and Zetha Series. 

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.

The hospital logistics robots market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Hospital Logistics Robots Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hospital logistics robots market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Hospital Logistics Robots Market?

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51% of the market's growth will originate from North America during the forecast period. The US is the key market for hospital logistics robots in North America. Market growth in this region will be slower than the growth of the market in the European, APAC, and MEA regions.

The growing pressure from the government to improve healthcare facilities and infrastructure will facilitate the hospital logistics robots market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The hospital logistics robots market in North America witnessed an increase in demand for hospital logistics robots in 2020 due to the COVID-19 outbreak. Healthcare providers across the US were looking for new uses of robotic technology to care for patients with COVID-19. Robots have helped in preventing the spread of COVID-19 during the pandemic. Several robots were deployed in hospitals across the US during the peak of the pandemic in 2020 and 2021. 

What are the Revenue-generating Application Segments in the Hospital Logistics Robots Market?

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The hospital logistics robots market share growth by the pharmacy, laboratory, and sterile goods delivery segment will be significant during the forecast period. The demand for hospital logistics robots will be significant during the forecast period. This is primarily owing to the ability of the robots to reduce downtime and risk and remote monitoring of pharmacy, laboratory, and sterile goods delivery. The robots can also reduce the Health Insurance Portability and Accountability Act (HIPAA) compliance and traceability concerns. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the hospital logistics robots market size and actionable market insights on post COVID-19 impact on each segment.

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Hospital Logistics Robots Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 17.68%
Market growth 2022-2026	$ 818.32 million
Market structure	Fragmented
YoY growth (%)	13.52
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	North America at 51%
Key consumer countries	US, China, Germany, UK, and Russia
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Corvus Robotics Inc., DF Automation and Robotics Sdn Bhd, Diligent Robotics Inc., IAM Robotics, John Bean Technologies Corp., Kollmorgen Corp., MIDEA Group Co. Ltd., Mobile Industrial Robots AS, OMRON Corp., PAL Robotics SL, Panasonic Corp., Pudu Technology Inc., Ramboll Group AS, Relay Robotics Inc., ROFA INDUSTRIAL AUTOMATION AG, Singapore Technologies Engineering Ltd., Sir Steward, and Zapi Group
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis 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 Data Covered in this Hospital Logistics Robots Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive hospital logistics robots market growth during the next five years
• Precise estimation of the hospital logistics robots market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the hospital logistics robots industry across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of hospital logistics robots market vendors

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