Hospital Logistics Robots Market

Market Overview:

The global hospital logistics robots market size reached US$ 1,405.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 6,540.3 Million by 2032, exhibiting a growth rate (CAGR) of 18.63% during 2024-2032. The advent of telemedicine and telehealth across the globe, the increasing utilization of hospital logistics robots for remotely transporting medical equipment and supplies, and technological advancements in robotics represent some of the key factors driving the market.

Hospital logistics robots are advanced robotic systems designed to streamline and optimize various logistical tasks within healthcare facilities. They play a crucial role in enhancing the efficiency and effectiveness of operations in hospitals, ensuring smooth workflows, and ultimately improving patient care. They are equipped with cutting-edge technologies, such as artificial intelligence, machine learning, computer vision, and autonomous navigation systems, enabling them to perform a wide range of tasks with precision and accuracy. Moving medical equipment, supplies, and medications throughout the hospital is one of the main jobs of hospital logistics robots. They can autonomously navigate through hallways, elevators, and different departments, eliminating the need for manual transportation by hospital staff. Additionally, they can efficiently deliver items to specific locations, thus reducing the time and effort required to locate and retrieve necessary supplies. By automating this process, hospital logistics robots contribute to reducing human errors, ensuring timely deliveries, and improving overall operational efficiency.

Significant growth in the healthcare sector majorly drives the global market. This can be supported by the increasing need for efficiency and cost-effectiveness in hospital operations. Hospitals are under constant pressure to streamline their processes, reduce errors, and optimize resource utilization. This is impelling the widespread adoption of hospital logistics robots as it offers a solution by automating various tasks, such as inventory management, material handling, and transportation, within the healthcare facility, thereby supporting the market. Along with this, the sudden outbreak of the coronavirus disease (COVID-19) pandemic has highlighted the importance of automation in healthcare settings. The need to minimize physical contact and maintain social distancing is influencing the adoption of robotics in hospitals. Moreover, continual advancements in robotics and artificial intelligence technologies have made hospital logistics robots more capable and adaptable, creating a positive market outlook.

Hospital Logistics Robots Market Trends/Drivers:

Increasing demand for healthcare services

The global population is growing, aging, and facing a rise in chronic diseases. This is leading to the increasing demand for healthcare services, including hospital care. To meet the growing patient population's needs, hospitals are exploring ways to improve operational efficiency and optimize resource allocation, this is fuelling the demand for hospital logistics robots. In addition, hospitals face significant cost pressures due to rising healthcare expenditures, reimbursement cuts, and the need to improve profitability. Hospital logistics robots offer a cost-effective solution by automating repetitive and time-consuming tasks, such as delivering medication, supplies, and linens, thereby reducing labor costs, and improving operational efficiency, thus supporting the market.

Addressing labor shortages

The healthcare industry is experiencing a shortage of skilled healthcare professionals, including nurses and support staff. Hospital logistics robots can assist in addressing this shortage by taking over mundane tasks and freeing up healthcare staff to focus on providing quality patient care. Since patient safety is a critical concern for hospitals and manual handling of medications, supplies, and equipment can lead to errors, including medication mix-ups or misplacement of important items, this is propelling the demand for hospital logistics robots to provide an automated and accurate method of handling and delivering these items, reducing the risk of human errors, and enhancing patient safety is positively influencing the market.

Competitive advantage

Hospitals are increasingly focusing on enhancing their operational capabilities to gain a competitive edge in the healthcare market, which is acting as another growth-inducing factor. By adopting hospital logistics robots, healthcare facilities can differentiate themselves by offering more efficient and patient-centric services, attracting more patients, and improving their overall reputation, thereby contributing to the market. Furthermore, continual advancement of technologies, such as artificial intelligence (AI), machine learning (ML), computer vision, and robotics, is significantly improving the capabilities of hospital logistics robots. AI-powered robots can adapt to changing environments, learn from data, and make intelligent decisions, leading to improved performance and efficiency in logistics operations, positively influencing the market across the globe.

Hospital Logistics Robots Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global hospital logistics robots market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type, and application.

Breakup by Type:

• Automated Guided Vehicle (AGV)
• Mobile Robot
  • Autonomous Mobile Robot
  • Remote-controlled Mobile Robot
     

Mobile robot dominates the hospital logistics robots market

The report has provided a detailed breakup and analysis of the hospital logistics robots market based on the type. This includes automated guided vehicle (AGV) and mobile robot (autonomous mobile robot and remote-controlled mobile robot). According to the report, mobile robot represented the largest segment.

Mobile robots can automate various tasks, such as transporting medical supplies, medications, and equipment within hospitals. By streamlining logistics operations, these robots help save time and reduce manual errors, leading to improved efficiency and productivity in hospital settings, which is creating a positive outlook for this market segment.

Since hospitals are under constant pressure to improve operational efficiency and reduce costs. mobile robots offer a way to automate and streamline various logistics processes, such as material transportation, supply chain management, and inventory control. By eliminating manual labor and optimizing workflows, they help hospitals enhance efficiency, minimize errors, and ultimately lower operational expenses, thereby impacting the market.

On the contrary, the rapid outbreak of COVID-19 has accelerated the demand for contactless operations in hospitals. AGVs can be deployed to handle tasks that require minimal human interaction, reducing the risk of virus transmission. These robots can autonomously navigate through hospital premises, transporting medications, lab samples, medical waste, and other items without direct human involvement, ensuring a safer environment for both patients and healthcare workers.

Breakup by Application:

• Pharmacy
• Laboratory
• Sterile Goods/Surgical Supplies Delivery
• Food Delivery
• Laundry Delivery
• Waste Transportation
   

Laboratory dominates the hospital logistics robots market

The report has provided a detailed breakup and analysis of the hospital logistics robots market based on the application. This includes pharmacy, laboratory, sterile goods/surgical supplies delivery, food delivery, laundry delivery, and waste transportation. According to the report, laboratory represented the largest segment.

Hospital laboratories handle hazardous materials and biological samples that require strict adherence to safety protocols and regulatory compliance, there has been a considerable rise in the deployment of robots that can operate in controlled environments and follow predefined safety guidelines, minimizing the risks associated with handling dangerous substances. Also, the integration of automated tracking and monitoring systems in robotic solutions also aid in adhere with the regulatory standards.

With the increasing demand for healthcare services, healthcare institutes are dealing with larger volumes of medications to be dispensed and managed. This is impelling the widespread adoption of pharmacy robots in hospitals as they can handle high volumes of medications quickly and accurately, ensuring timely delivery and reducing the burden on pharmacy staff, thus impacting the market.

The rise of food delivery applications in hospital logistics robots aligns with the trend of future-proofing healthcare facilities. Hospitals are increasingly embracing technology and automation to enhance their services and stay ahead in a competitive landscape. Thus, with the integration of food delivery applications into their logistics systems, hospitals demonstrate their commitment to innovation and technological advancements.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America exhibits a clear dominance, accounting for the largest hospital logistics robots market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

The hospital logistics robot industry in North America is driven by the increasing demand for efficient healthcare services. Additionally, the rising cost of healthcare in the region is prompting hospitals to seek cost-effective solutions, and robots can help minimize operational costs by reducing labor requirements and improving resource allocation.

Moreover, continual advancements in robotics technology, such as the development of sophisticated sensors and artificial intelligence, have enhanced the capabilities of hospital logistics robots, making them more reliable and versatile. These factors, combined with a growing emphasis on patient safety and the increasing adoption of robotic systems across various industries, contribute to the market growth of hospital logistics robots in North America.

On the other hand, the aging population in many countries across the Asia Pacific is resulting in a higher patient load, putting pressure on healthcare facilities. Hospital logistics robots can alleviate this burden by assisting in tasks that require heavy lifting or repetitive movements, enabling healthcare professionals to focus more on patient care. Also, supportive government initiatives and increasing investments in healthcare infrastructure, are driving the growth of the hospital logistics robot industry in Asia Pacific.

Competitive Landscape:

The global hospital logistics robots market is experiencing growth across the globe with the growing demands and complexities in healthcare systems, and the augmenting need for efficient and automated logistics solutions. As healthcare providers prioritize patient safety, the demand for hospital logistics robots that integrate advanced sensors and artificial intelligence for infection prevention is growing. Along with this, top companies are developing robots that can navigate through complex hospital environments, efficiently transport goods, and interact seamlessly with existing hospital infrastructure, which is positively influencing the market. In addition, numerous leading manufacturers are providing scalable and customizable robotic solutions that align with hospital budgets and operational requirements, which is acting as another growth-inducing factor. Furthermore, technological advancements to develop sophisticated logistics robots that can perform complex tasks, collaborate with healthcare professionals, and seamlessly integrate with existing hospital systems, creating a positive market outlook.

The report has provided a comprehensive analysis of the competitive landscape in the global hospital logistics robots market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• DF Automation & Robotics Sdn Bhd 
• Diligent Robotics Inc.
• JBT Corporation
• Locus Robotics Corp
• Mobile Industrial Robots A/S (Teradyne Inc.)
• PAL Robotics S.L
• Panasonic Holdings Corporation
• Rambøll Group A/S
• Relay Robotics Inc.
• Rofa Industrial Automation AG
• Sir Steward Inc.
• St Engineering Aethon Inc.

Recent Developments:

• In June 2023, Swisslog and JBT Corporation announced the news regarding its next-generation automated guided vehicle (AGV) to an NHS Hospital in the United Kingdom. TransCar Automated Guided Vehicles help hospitals by maximizing economical container transport thanks to their adaptability and efficiency.
• In November 2022, Locus Robotics Corp disclosed more than $117 million in Series F fundraising, headed by G2 Venture Partners and Goldman Sachs Asset Management. As Locus Robotics embarks toward its next stage of expansion, this new round of investment represents a crucial turning point.
• In April 2022, Diligent Robotics Inc. stated that its series B funding round led by New York-based Tiger Global Management LLC. raised $30 million in funding to expand its development of robotic nursing assistants.

Hospital Logistics Robots Market Report Scope:

Key Questions Answered in This Report:

• How has the global hospital logistics robots market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global hospital logistics robots market?
• What is the impact of each driver, restraint, and opportunity on the global hospital logistics robots market?
• What are the key regional markets?
• Which countries represent the most attractive hospital logistics robots market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the hospital logistics robots market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the hospital logistics robots market?
• What is the competitive structure of the global hospital logistics robots market?
• Who are the key players/companies in the global hospital logistics robots market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the hospital logistics robots market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global hospital logistics robots market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the hospital logistics robots industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.