Hospital Logistics Robots Market to Grow at 20.9% CAGR by 2030
Following the COVID-19 outbreak, there is an increase in urge for automation in healthcare institutions to reduce infection transmission and relieve the pressure on healthcare personnel.
According to a new research report by Next Move Strategy Consulting, the global Hospital Logistics Robots Market was valued at USD 1.20 billion in 2022, and is expected to reach USD 5.63 billion by 2030, with a CAGR of 20.9% during the forecast period.
Automation in healthcare can streamline tasks such as transporting medical supplies and minimize human error. It increases efficiency, reduces workload and labor costs, and can lead to cost savings for hospitals. Hospital logistics robots can reduce the risk of errors and minimize human intervention. Moreover, many governments across the world are promoting adoption of robotics in healthcare to improve patient care and reduce costs, which is a crucial factor leading to growth of the hospital logistics robots market.
On the contrary, data security and privacy issues can emerge when hospital logistics robots handle sensitive patient information such as medical records, test findings, and treatment plans, which hinders the market growth. However, latest developments in the field of AI and ML can create opportunities in hospital logistics robots by improving their capabilities and performance. They can optimize routes, predict maintenance needs, prioritize tasks, use machine vision and object detection, perform NLP, and apply reinforcement learning.
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According to the report, leading market players in the manufacturing of hospital logistics robots include ABB Ltd, Panasonic Holdings Corporation, Teradyne, Inc., Omron Corporation, Midea Group, Rambøll Danmark A/S, Altra Industrial Motion Corp. (Kollmorgen), DF Automation and Robotics Sdn Bhd, PAL Robotics SL, AETHON, and Locus Robotics.
Key Insights from the Hospital Logistics Robots Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the hospital logistics robots market is provided in the report.
Value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of players in the global hospital logistics robots market, along with their competitive analysis is provided in the report.