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Mobile Robots Market in Healthcare and Hospitality Sectors by End-user, Product, and Geography - Forecast and Analysis 2021-2025

Mobile Robots Market in Healthcare and Hospitality Sectors by End-user, Product, and Geography - Forecast and Analysis 2021-2025

Published: Sep 2021 120 Pages SKU: IRTNTR43514

The mobile robots market in healthcare and hospitality sectors market share is expected to increase by USD 1.18 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 17.97%.

This mobile robots market in healthcare and hospitality sectors 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 mobile robots market in healthcare and hospitality sectors market segmentations by product (autonomous mobile robots and remote-controlled mobile robots), end-user (healthcare and hospitality), and geography (North America, Europe, APAC, MEA, and South America). The mobile robots market in healthcare and hospitality sectors market report also offers information on several market vendors, including ABB Ltd., Amazon.com Inc., Awabot, Clearpath Robotics Inc., Myomo Inc., OMRON Corp., Panasonic Corp., Savioke Inc., Starship Technologies Inc., and Teradyne Inc. among others.

What will the Mobile Robots Market In Healthcare And Hospitality Sectors Market Size be During the Forecast Period?

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Mobile Robots Market In Healthcare And Hospitality Sectors 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 number of patients with chronic diseases is notably driving the mobile robots market in healthcare and hospitality sectors market growth, although factors such as need for technical expertise may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the mobile robots market in healthcare and hospitality sectors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Mobile Robots Market In Healthcare And Hospitality Sectors Market Driver

The increasing number of patients with chronic diseases is one of the key factors driving the growth of the global mobile robots market in the healthcare and hospitality sectors market. An estimated 17.9 million people worldwide died from cardiovascular diseases in 2019, which represented 32% of global deaths. Of these deaths, 85% were due to heart attack and stroke. According to Eurostat, every year, CVD causes 3.9 million deaths in Europe and over 1.8 million deaths in the European Union (EU) countries. CVD accounts for 45% of all deaths in Europe and 37% of all deaths in the EU. CVD is the main cause of death among men in all but 12 countries of Europe, and it is the main cause of death among women in all but two European countries. More than 550,000 people are diagnosed with heart failure every year in the US. According to the Centers for Disease Control and Prevention (CDC), every year, approximately 790,000 people in the country have a heart attack, of which nearly 580,000 are first heart attacks and 210,000 are recurrent attacks. Such factors will increase the market growth during the forecast period.

Key Mobile Robots Market In Healthcare And Hospitality Sectors Market Trend

The integration of IoT with mobile robots will fuel the global mobile robots market in the healthcare and hospitality sectors market growth. The growing emphasis on connected environments is helping IoT become one of the most rapidly growing technologies. IoT devices collect data through sensors and actuators and transmit it to a centralized location on a real-time basis, which enables end-users to make informed decisions. One of the most important drivers of IoT is the trend of product customization. As a result, companies worldwide are looking to interconnect their machinery, equipment, and motion control systems to effectively manage operational processes.

Moreover, OEMs are undergoing a major transformation with the adoption of digital control, wireless communications, low-cost sensors, remote monitoring, and other IoT-enabled technologies. Moreover, there is device-to-network connectivity and the data models that collect information in real-time respond to triggers, and send alerts to service personnel. This will ensure that services of hospitality robots, such as professional service mobile robots, are more preemptive in their diagnosis, and problems are solved before any critical issue arises. These hospitality robots are equipped with advanced AI and IoT capabilities, enabling them to enhance operational efficiency in sectors like hotels, restaurants, and event venues. By leveraging real-time data analytics and proactive maintenance features, hospitality robots contribute to improved customer service experiences and streamlined operations. As technology continues to evolve, these robots will play an increasingly vital role in optimizing service delivery and maintaining high standards in the hospitality industry.

Key Mobile Robots Market In Healthcare And Hospitality Sectors Market Challenge

The need for technical expertise is a major challenge for the global mobile robots market in the healthcare and hospitality sectors market growth. Another major deterrent that can affect the market is the lack of technical expertise in the workforce. End-users are required to have knowledge about the working of USVs, UGVs, and UMVs, along with periodic servicing requirements, to ensure smooth operations. The lack of technical knowledge often deters end-users from adopting surveillance robots, as they consider downtime required for maintenance tasks as a considerable loss. This has been a major challenge in developing countries, as there is hesitation among end-users to learn and adopt new technologies of operations. Vendors will have to widely adopt online and offline training and consultation methods to ensure that end-users with less familiarity with technology get the required support. Inadequate training and the lack of skilled operators and have led to a disinclination to execute wide-scale robotic automation, as substantial time, training, and budget have to be allocated for successful implementation. The reluctance of end-users to learn and switch to new technologies also affects market growth.

This mobile robots market in healthcare and hospitality sectors 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.

Parent Market Analysis

The global mobile robots market in the healthcare and hospitality sectors is 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 mobile robots market in healthcare and hospitality sectors market during the forecast period.

Who are the Major Mobile Robots Market In Healthcare And Hospitality Sectors Market Vendors?

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

 

  • ABB Ltd.
  • Amazon.com Inc.
  • Awabot
  • Clearpath Robotics Inc.
  • Myomo Inc.
  • OMRON Corp.
  • Panasonic Corp.
  • Savioke Inc.
  • Starship Technologies Inc.
  • Teradyne Inc.

 

This statistical study of the mobile robots market in healthcare and hospitality sectors market encompasses successful business strategies deployed by the key vendors. The mobile robots market in healthcare and hospitality sectors market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • ABB Ltd. - The company offers advanced mobile robots that are able to carry out repetitive, delicate and mundane processes, leaving highly skilled medical and laboratory staff free to undertake more valuable roles and ultimately treat more patients.

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 mobile robots market in healthcare and hospitality sectors 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.

Mobile Robots Market In Healthcare And Hospitality Sectors Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the mobile robots market in healthcare and hospitality sectors 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.

The value chain of the global industrial machinery market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Mobile Robots Market In Healthcare And Hospitality Sectors Market?

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37% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for mobile robots market in healthcare and hospitality sectors market in North America. Market growth in this region will be slower than the growth of the market in regions.

The increasing number of patients with chronic diseases will facilitate the mobile robots market in healthcare and hospitality sectors 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

In 2020, the outbreak of COVID-19 adversely affected all countries in North America, especially the US. A rise in the number of COVID-19 cases in the first quarter of 2020 and early 2021 led to partial lockdowns in several countries, including Canada and Mexico. The lockdowns across many countries had a minimal effect on the growth of the mobile robots market in the healthcare and hospitality sectors in 2020. However, in 2021, the initiation of large-scale vaccination drives has lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

What are the Revenue-generating Product Segments in the Mobile Robots Market In Healthcare And Hospitality Sectors Market?

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The mobile robots market in healthcare and hospitality sectors market share growth by the autonomous mobile robots segment will be significant during the forecast period. Autonomous robots have the ability to perform tasks by themselves. They do not require external signals to operate. Modern autonomous robots are configured with sensors and tracking devices that guide the locomotion of mobile robots. These robots are highly useful in logistic applications in the healthcare and hospitality sectors.

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

Mobile Robots Market In Healthcare And Hospitality Sectors Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 17.97%

Market growth 2021-2025

USD 1.18 billion

Market structure

Fragmented

YoY growth (%)

14.52

Regional analysis

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

Performing market contribution

North America at 37%

Key consumer countries

US, Germany, Canada, Japan, China, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Amazon.com Inc., Awabot, Clearpath Robotics Inc., Myomo Inc., OMRON Corp., Panasonic Corp., Savioke Inc., Starship Technologies Inc., and Teradyne Inc.

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 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 Mobile Robots Market In Healthcare And Hospitality Sectors Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive mobile robots market in healthcare and hospitality sectors market growth during the next five years
  • Precise estimation of the mobile robots market in healthcare and hospitality sectors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the mobile robots market in healthcare and hospitality industry across North America, Europe, APAC, 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 mobile robots market in healthcare and hospitality sectors 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

Mobile Robotsin Healthcare and Hospitality Sectors market growth will increase by $ 1.18 bn during 2021-2025.

The Mobile Robotsin Healthcare and Hospitality Sectors market is expected to grow at a CAGR of 17.97% during 2021-2025.

Mobile Robotsin Healthcare and Hospitality Sectors market is segmented by Product( autonomous mobile robots, remote-controlled mobile robots) End User( healthcare, hospitality, APAC, MEA, South America)

ABB Ltd., Amazon.com Inc., Awabot, Clearpath Robotics Inc., Myomo Inc., OMRON Corp., Panasonic Corp., Savioke Inc., Starship Technologies Inc., Teradyne Inc. are a few of the key vendors in the Mobile Robotsin Healthcare and Hospitality Sectors market.

North America will register the highest growth rate of 37% among the other regions. Therefore, the Mobile Robotsin Healthcare and Hospitality Sectors market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

US, Germany, Canada, Japan, China, UK

  • Increasing number of patients with chronic diseasesThe increasing prevalence of chronic and infectious diseases is one of the key factors driving the growth of the global mobile robots market in healthcare and hospitality sectors. The global prevalence of acute and chronic diseases is the driving factor this market.
  • including cardiovascular is the driving factor this market.
  • neurological is the driving factor this market.
  • orthopedic is the driving factor this market.
  • and respiratory diseases is the driving factor this market.
  • is increasing significantly.An estimated 17.9 million people worldwide died from cardiovascular diseases in 2019 is the driving factor this market.
  • which represented a 32% of global deaths. Of these deaths is the driving factor this market.
  • 85% were due to heart attack and stroke. According to Eurostat is the driving factor this market.
  • every year is the driving factor this market.
  • CVD causes 3.9 million deaths in Europe and over 1.8 million deaths in the European Union (EU) countries. CVD accounts for 45% of all deaths in Europe and 37% of all deaths in the EU. CVD is the main cause of death among men in all but 12 countries of Europe is the driving factor this market.
  • and it is the main cause of death among women in all but two European countries. More than 550 is the driving factor this market.
  • 000 people are diagnosed with heart failure every year in the US. According to the Centers for Disease Control and Prevention (CDC) is the driving factor this market.
  • every year is the driving factor this market.
  • approximately 790 is the driving factor this market.
  • 000 people in the country have a heart attack is the driving factor this market.
  • of which nearly 580 is the driving factor this market.
  • 000 are first heart attacks and 210 is the driving factor this market.
  • 000 are recurrent attacks.According to the CDC is the driving factor this market.
  • as of 2019 is the driving factor this market.
  • over 32.5 million adults in the US had osteoarthritis. In Australia is the driving factor this market.
  • the number of people with osteoarthritis is expected to increase from around 2.30 million in 2017 to nearly 2.6 million by 2022. In 2019 is the driving factor this market.
  • more than 1. 7 million hip fractures were reported across the world is the driving factor this market.
  • and the number is expected to reach approximately 6.3 million by 2050. One out of every 100 people across the world has rheumatoid arthritis is the driving factor this market.
  • and it is one of the most common chronic diseases. According to the CDC is the driving factor this market.
  • as of 2019 is the driving factor this market.
  • more than 25% of the population in the US had arthritis is the driving factor this market.
  • while approximately 60 million adults in the country are estimated to have doctor-diagnosed arthritis by 2025. In Australia is the driving factor this market.
  • the number of people with rheumatoid arthritis is expected to increase from approximately 2.50 million in 2019 to more than 3.1 million by 2030.At present is the driving factor this market.
  • preventing the spread of COVID-19 is a major challenge for the healthcare system and government bodies. The COVID-19 pandemic claimed more than 4.51 million lives as of August 30 is the driving factor this market.
  • 2021. It is a highly infectious disease as it spreads through human-to-human contact. In addition is the driving factor this market.
  • the mortality rate of the disease is very high is the driving factor this market.
  • as it severely impacts the respiratory system. The number of COVID-19 cases crossed more than 217.31 million as of August 30 is the driving factor this market.
  • 2021. Hence is the driving factor this market.
  • government and private bodies are investing heavily in expanding their healthcare infrastructure to accommodate and provide medical services to patients.Mobile robots are used in hospitals and healthcare centers to reduce mortality rates. These robots are used in the healthcare and hospitality sector to isolate COVID 19-infected patients from others. The growing emphasis on social distancing will be one of the major factors boosting the demand for mobile robots in the healthcare and hospitality sector during the forecast period. Caja Robotics is one of the companies that registered an increase of about more than 25% in inquiries related to automated warehouses in Israel. With such advancements is the driving factor this market.
  • production capabilities can be immunized to disruptions amid the outbreak of pandemic diseases such as the COVID-19. In South Korea is the driving factor this market.
  • robots are used to distribute hand sanitizers and measure body temperature. Such initiatives can help reduce the spread of COVID-19. Owing to extensive applications is the driving factor this market.
  • especially during pandemic diseases like the COVID-19 is the driving factor this market.
  • the use of robotics in healthcare is expected to increase during the forecast period. is the driving factor this market.

The Mobile Robotsin Healthcare and Hospitality Sectors market vendors should focus on grabbing business opportunities from the autonomous mobile robots segment as it accounted for the largest market share in the base year.