Global Hospital and Pharmacy Robotics Market by Type (Surgical Robot, Rehabilitation Robot, Pharmacy Automation Robot, Other), By Application (Hospitals, Clinics, Ambulatory Surgery Centers, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Hospital And Pharmacy Robotics Market size is projected to grow at a CAGR of 17.4% during the forecast period, from 2021 to 2028. The growth in this market can be attributed to the increase in the adoption of robotic solutions for operations, the increasing number of patients with chronic diseases, and the increasing demand for healthcare facilities.

A robotic solution is a device that performs an operation or specific task automatically. Robotics has been used in hospitals and pharmacies for various purposes, such as reducing the time required to complete tasks, improving quality of care and safety standards, augmenting human capabilities with machine intelligence, minimizing risk to humans from hazardous environments. The hospital and pharmacy robotics market includes robots that are used to automate different tasks in hospitals, clinics, or any other healthcare facility. These activities include surgical robotic assistance, rehabilitation robot for stroke patients, pharmacist automation, and others (e.g., self-driving vehicles).

On the basis of Type, the global hospital and pharmacy robotics market is segmented into surgical robotics, rehabilitation robot, and other.

Surgical Robotics:

Surgical robotics is the use of computer-controlled robotic devices to assist in surgical operations. Surgical robots have three main components: a surgeon’s console, a haptic device (rendering tactile feedback), and an operative robot arm with an attached end effector to perform medical procedures on tissue using instruments such as forceps, scissors, scalpels, or other tools. The most common types are Computer Aided Surgery (CAS) systems which consist of only the console and haptic interface without any arms for performing surgery; Teleoperated Systems that also include automated surgical arms but no visual system like CAS systems do; Assist Devices that allow surgeons to operate multiple appendages at once by transferring their hand motions into movements made by remotely controlled robotic hands, and finally, Surgery Simulators that replicate the motions of procedures without performing them on a live patient.

Rehabilitation Robot:

A rehabilitation robot is a device that assists patients with their exercises and activities. It has the ability to monitor, assistive and therapeutic assistance. Rehabilitation robots are used for stroke victims as well as those who have suffered injuries or other illnesses in which they must rehabilitate themselves (such as paraplegics). They may also be prescribed by physicians to improve one's functional independence such as after abdominal surgery when someone cannot stand up on their own.

On the basis of Application, the global hospital and pharmacy robotics market is segmented into hospitals, clinics, ambulatory surgery centers, and others.

Hospitals:

The hospitals are raising their standards with the use of robotics. It is now being used for more accurate and precise surgical procedures, routine tasks such as dispensing medications or stocking inventory in a pharmacy space, rehabilitation exercises to improve mobility among patients who have limited range of motion due to illness or injury. In recent years, hospitals have been adopting surgical robots as they allow surgeons more control over an operation than traditional methods do. In addition to that, these robots also offer assistance by detecting tissue edges and cutting through them while maintaining accuracy without damaging surrounding organs or nerves.

Clinics:

Hospital and pharmacy robots are used in clinics for various purposes. For example, they can be used to sterilize medical equipment or as an alternative to a human assistant/aide in carrying out routine tasks such as medication management or scheduling appointments. Hospital and pharmacy robotics are increasingly being used in clinics to improve the safety of healthcare-related tasks. One example is a robotic arm that can be programmed to dispense medications, which reduces wait times for pharmacists who would otherwise need to manually fill prescriptions from patients

Ambulatory Surgery Centers:

The use of hospital and pharmacy robotics in ambulatory surgery centers is higher than the other applications for a number of reasons. First, because these robots are used to aid surgeons during operations that require precise movements with little human contact, their usage here can be more prevalent. Second, they may offer advantages over humans when it comes to precision and accuracy as well as strength in completing tasks safely or quickly. Thirdly, there are different types of medical conditions including cancer treatments where robotic assistance might outweigh human interactions due to patients’ pain sensitivity or anxiety level.

On the basis of Region, the global hospital and pharmacy robotics market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is the largest region accounting for over 27% of the total market share in terms of revenue. The US represents more than 60% of all hospitals and clinics using surgical robots, followed by Canada which has also witnessed a significant growth rate. On the other hand, Latin America leads as far as robot adoption rates are concerned with 36%. Europe contributes to about 15% revenue shares due to the presence of some established players like Stryker Corporation that have invested heavily in robotics research and development activities. In Japan specifically, only about 800 surgical robots were sold in 2016, with the majority being used for orthopedic procedures.

Growth Factors For The Global Hospital And Pharmacy Robotics Market :

The growth will be driven by technological advancements such as the development of robotic arms that can function autonomously, surgical robots that are designed for minimal invasiveness which provide more control over an operation than traditional methods do; automation systems with improved accuracy and efficiency under difficult conditions like increased workloads or limited staff availability, among others. In addition to that, other factors driving this market include unmet needs due to increasing patient base owing to aging populations coupled with chronic diseases; high acceptance rate of automated solutions within hospitals and clinics globally; rising adoption rates among healthcare providers and patients, etc.

Up Market Research published a new report titled “Hospital and Pharmacy Robotics Market research report which is segmented by Types (Surgical Robot, Rehabilitation Robot, Pharmacy Automation Robot, Other), By Applications (Hospitals, Clinics, Ambulatory Surgery Centers, Others), By Players/Companies Intuitive Surgical, Ethicon, Think Surgical, Auris Health, Stryker, Transenterix, Kuka Robotics, Mazor Robotics, Smith and Nephew, Medrobotics, Titan Medical, Virtual Incision”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Hospital and Pharmacy Robotics Market Report Segments:

The market is segmented by Type Surgical Robot, Rehabilitation Robot, Pharmacy Automation Robot, Other and By Application Hospitals, Clinics, Ambulatory Surgery Centers, Others.

Some of the companies that are profiled in this report are:

1. Intuitive Surgical
2. Ethicon
3. Think Surgical
4. Auris Health
5. Stryker
6. Transenterix
7. Kuka Robotics
8. Mazor Robotics
9. Smith and Nephew
10. Medrobotics
11. Titan Medical
12. Virtual Incision

Hospital and Pharmacy Robotics Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Hospital and Pharmacy Robotics Market

Overview of the regional outlook of the Hospital and Pharmacy Robotics Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Hospital and Pharmacy Robotics Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Hospital and Pharmacy Robotics Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Surgical Robot

                2. Rehabilitation Robot

                3. Pharmacy Automation Robot

                4. Other

                1. Hospitals

                2. Clinics

                3. Ambulatory Surgery Centers

                4. Others

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Hospital and Pharmacy Robotics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
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• Understanding Competition Scenario
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Reasons to Purchase the Hospital and Pharmacy Robotics Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.