Global Healthcare Collaborative Robots Market

Global Healthcare Collaborative Robots Market Size, Trends & Analysis - Forecasts to 2026 By Offering (Hardware [Robotic Arm, End Effector, Sensor, Motor], Software, Service), By Application (Lab Testing, Patient Care, Surgery, Medical Device Manufacturing), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis

Category Healthcare
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This report was recently updated on July 18 2024 with the latest and most recent market numbers

Healthcare Collaborative Robots Market Insights

Increasing preference for precision, performance, and high accuracy in the medical sector has influenced the adoption of automated systems. In the past decades, it has been noticed that the healthcare industry is on the verge of deploying more technologically advanced systems and replacing industrial processing with automation tools.

Medical is one of the most challenging industries in terms of human error inefficiency and document discrepancy due to the non-automated systems. Thus, the healthcare collaborative robots came into the picture to facilitate and streamline the overall system. These cobots are a one-stop solution from documentation, lab testing, device manufacturing, and surgical aids.

Disruption from Covid-19 impact has instigated the cobot deployment to fulfill the gap between the shortage of health workers and workload. To achieve the worldwide health targets even in the absence of Covid-19, the industry still needs more than 6 million nurses. This is an alarming situation that needs to be addressed by the regulatory bodies.

Stressful working hours, the absence of an automated environment, and higher dependency on manual tasks have led to various mishap situations which are dangerous for the patient as well as the health worker. Thus, the deployment of Healthcare Collaborative Robots is expected to reduce unnecessary stress and thereby positively impact the worker’s productivity.

The other major advantage with these cobots is the minimal interaction with patients diagnosed with Covid-19 as it is noticed that front-line workers are more prone to get affected. Therefore, the involvement of cobots to check patient status, taking swab samples, and performing ultrasound will limit human exposure. For instance, in Singapore, the BeamPro (cobot) delivers meals and medicines to patients having Covid-19 or suspected to be infected.

Healthcare collaborative robots are not novel advancements. Even before the pandemic, the hospitals were installing UR cobots to perform various tasks such as checking a patient's temperature, condition, and drawing bloodlines. These cobots are also designed and integrated to dispense the medicines and administer physical therapy. 

global healthcare collaborative robots market

Healthcare Collaborative Robots Market: By Offering

Hardware, software and services are major offerings available in the Healthcare Collaborative Robots industry. The usage is greatly reliant on the purpose and nature of application in the medical industry. The hardware offering is further segmented into the robotic arm, end effector, sensor, and motor. Robotic arm is expected to gain the highest growth in the coming years. Easy programming, installation, and high flexibility are major factors to deploy cobots during surgery and patient care. The software offering is related to the data gathering, compilation, record maintenance, and analyzing the patient medical history to attain pre-information regarding the patient’s health. Automated billing, E- prescriptions, appointment reminders, electronic medical records, clinic management, insurance claim and inventory supervision are key services offered by the cobots.

Healthcare Collaborative Robots Market: By Application

Lab testing, patient care, surgery, and medical device manufacturing are key applications provided by the healthcare collaborative robots market. The hospital at Copenhagen University has deployed cobots to perform various lab testing tasks such as picking, sorting, and loading blood samples. This initiative has resulted in more streamlined and fast performing tasks, as it not only increases the turnaround time but also achieves an error-free and accurate success rate.

Patient care applications include the administration and monitoring tasks performed by the cobots. Japan has designed a cobot to monitor the patient's bedside and also update the electronic medical chart. The system is developed by the Toyohashi University of Technology. This automated system has worked effectively in the elder population care by lifting and placing patients on the wheelchair.

Surgery is projected to gain the maximum share over the forecast period. High precision, accuracy, and less invasion are major factors to drive demand in this segment. In 2018, it is estimated that more than 1 million patients had a da Vinci procedure.

asia pacific healthcare collaborative robots market

Healthcare Collaborative Robots  Market: By Region

Asia Pacific Healthcare Collaborative Robots Market will account for the significant share during the forecast period. High investment undertaken by Japan, China, South Korea, and Singapore will influence the regional demand. Also, medical industry expansion in terms of medical device manufacturing, technological advancement, and increasing foreign investor relationships will stimulate the industry growth.

North America Healthcare Collaborative Robots will foresee highest gains up to 2026. Technological advancement along with government support to enhance the medical industry will induce regional expansion. Europe's market is majorly influenced by the rising requirement of technologically advanced systems and urgency to meet the worker shortage with cobots.  

Healthcare Collaborative Robots Market Share and Competitor Analysis

Key Healthcare Collaborative Robots market players include Intuitive Surgical, Xenex,  Paro Robots, MOV.AI, Accuray Incorporated, Teradyne Inc., Fetch Robotics Inc., OMRON Corporation, AUBO Robotics Inc., FANUC Corporation, Inc., Kawasaki Heavy Industries Ltd., Yaskawa Electric Corporation, ABB Ltd, KUKA AG, Bosch Rexroth AG, Doosan Corporation, Universal Robots, Festo, and Techman Robot Inc.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1   Methodology

1.1    Market scope & definitions

1.2    Estimates & forecast calculation

1.3    Historical data overview and validation

1.4    Data sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Report Outlook

2.1    Healthcare Collaborative Robots Market industry overview, 2016-2026

2.1.1    Industry overview

2.1.2    Offering overview

2.1.3    Application overview

2.1.4    Regional overview

Chapter 3   Healthcare Collaborative Robots Market Trends

3.1    Market segmentation

3.2    Industry background, 2016-2026

3.3    Market key trends

3.3.1    Positive trends

3.3.2    Industry challenges

3.4    Prospective growth scenario

3.4.1    Type growth scenario

3.4.2    Application growth scenario

3.5    COVID-19 influence over industry growth

3.6    Porter’s analysis

3.7    PESTEL analysis

3.8    Value chain & supply chain analysis

3.9    Regulatory framework

3.9.1    North America

3.9.2    Europe

3.9.3    APAC

3.9.4    LATAM

3.9.5    MEA

3.10    Product innovation

3.11    Market share analysis, 2020

3.11.1    Company positioning overview, 2020

Chapter 4   Healthcare Collaborative Robots Market, By Offering

4.1    Offering Outlook

4.2    Hardware

4.2.1    Market size, by region, 2016-2026 (USD Million)

4.2.2    Robotic Arm

4.2.2.1    Market size, by region, 2016-2026 (USD Million)

4.2.3    End Effector

4.2.3.1    Market size, by region, 2016-2026 (USD Million)

4.2.4    Sensor

4.2.4.1    Market size, by region, 2016-2026 (USD Million)

4.2.5    Motor

4.2.5.1    Market size, by region, 2016-2026 (USD Million)

4.2.6    Others

4.2.6.1    Market size, by region, 2016-2026 (USD Million)

4.3    Software

4.3.1    Market size, by region, 2016-2026 (USD Million)

4.4    Services

4.3.1    Market size, by region, 2016-2026 (USD Million)

Chapter 5   Healthcare Collaborative Robots Market, By Application

5.1    Application Outlook

5.2    Lab Testing

5.2.1    Market size, by region, 2016-2026 (USD Million)

5.3    Patient Care

5.3.1    Market size, by region, 2016-2026 (USD Million)

5.4    Surgery

5.4.1    Market size, by region, 2016-2026 (USD Million)

5.5    Medical Device Manufacturing

5.5.1    Market size, by region, 2016-2026 (USD Million)

5.6    Others

5.6.1    Market size, by region, 2016-2026 (USD Million)

Chapter 6   Healthcare Collaborative Robots Market, By Region

6.1    Regional outlook

6.2    North America

6.2.1    Market size, by country 2016-2026 (USD Million)

6.2.2    Market size, by offering, 2016-2026 (USD Million)

6.2.3    Market size, by application, 2016-2026 (USD Million)

6.2.4    U.S.

6.2.4.1    Market size, by offering, 2016-2026 (USD Million)

6.2.4.2    Market size, by application, 2016-2026 (USD Million)

6.2.5    Canada

6.2.5.1    Market size, by offering, 2016-2026 (USD Million)

6.2.5.2    Market size, by application, 2016-2026 (USD Million)

6.3    Europe

6.3.1    Market size, by country 2016-2026 (USD Million)

6.3.2    Market size, by offering, 2016-2026 (USD Million)

6.3.3    Market size, by application, 2016-2026 (USD Million)

6.3.4    Germany

6.2.4.1    Market size, by offering, 2016-2026 (USD Million)

6.2.4.2    Market size, by application, 2016-2026 (USD Million)

6.3.5    UK

6.3.5.1    Market size, by offering, 2016-2026 (USD Million)

6.3.5.2    Market size, by application, 2016-2026 (USD Million)

6.3.6    France

6.3.6.1    Market size, by offering, 2016-2026 (USD Million)

6.3.6.2    Market size, by application, 2016-2026 (USD Million)

6.3.7    Italy

6.3.7.1    Market size, by offering, 2016-2026 (USD Million)

6.3.7.2    Market size, by application, 2016-2026 (USD Million)

6.3.8    Spain

6.3.8.1    Market size, by offering, 2016-2026 (USD Million)

6.3.8.2    Market size, by application, 2016-2026 (USD Million)

6.3.9    Russia

6.3.9.1    Market size, by offering, 2016-2026 (USD Million)

6.3.9.2    Market size, by application, 2016-2026 (USD Million)

6.4    Asia Pacific

6.4.1    Market size, by country 2016-2026 (USD Million)

6.4.2    Market size, by offering, 2016-2026 (USD Million)

6.4.3    Market size, by application, 2016-2026 (USD Million)

6.4.4    China

6.4.4.1    Market size, by offering, 2016-2026 (USD Million)

6.4.4.2    Market size, by application, 2016-2026 (USD Million)

6.4.5    India

6.4.5.1    Market size, by offering, 2016-2026 (USD Million)

6.4.5.2    Market size, by application, 2016-2026 (USD Million)

6.4.6    Japan

6.4.6.1    Market size, by offering, 2016-2026 (USD Million)

6.4.6.2    Market size, by application, 2016-2026 (USD Million)

6.4.7    Australia

6.4.7.1    Market size, by offering, 2016-2026 (USD Million)

6.4.7.2    Market size, by application, 2016-2026 (USD Million)

6.4.8    South Korea

6.4.8.1    Market size, by offering, 2016-2026 (USD Million)

6.4.8.2    Market size, by application, 2016-2026 (USD Million)

6.5    Latin America

6.5.1    Market size, by country 2016-2026 (USD Million)

6.5.2    Market size, by offering, 2016-2026 (USD Million)

6.5.3    Market size, by application, 2016-2026 (USD Million)

6.5.4    Brazil

6.5.4.1    Market size, by offering, 2016-2026 (USD Million)

6.5.4.2    Market size, by application, 2016-2026 (USD Million)

6.5.5    Mexico

6.5.5.1    Market size, by offering, 2016-2026 (USD Million)

6.5.5.2    Market size, by application, 2016-2026 (USD Million)

6.5.6    Argentina

6.5.6.1    Market size, by offering, 2016-2026 (USD Million)

6.5.6.2    Market size, by application, 2016-2026 (USD Million)

6.6    MEA

6.6.1    Market size, by country 2016-2026 (USD Million)

6.6.2    Market size, by offering, 2016-2026 (USD Million)

6.6.3    Market size, by application, 2016-2026 (USD Million)

6.6.4    Saudi Arabia

6.6.4.1    Market size, by offering, 2016-2026 (USD Million)

6.6.4.2    Market size, by application, 2016-2026 (USD Million)

6.6.5    UAE

6.6.5.1    Market size, by offering, 2016-2026 (USD Million)

6.6.5.2    Market size, by application, 2016-2026 (USD Million)

6.6.6    South Africa

6.6.6.1    Market size, by offering, 2016-2026 (USD Million)

6.6.6.2    Market size, by application, 2016-2026 (USD Million)

Chapter 7   Company Landscape

7.1    Competitive analysis, 2020

7.2    Intuitive Surgical

7.2.1    Company overview

7.2.2    Financial analysis

7.2.3    Strategic positioning

7.2.4    Info graphic analysis

7.3    Xenex

7.3.1    Company overview

7.3.2    Financial analysis

7.3.3    Strategic positioning

7.3.4    Info graphic analysis

7.4    Paro Robots

7.4.1    Company overview

7.4.2    Financial analysis

7.4.3    Strategic positioning

7.4.4    Info graphic analysis

7.5    MOV.AI

7.5.1    Company overview

7.5.2    Financial analysis

7.5.3    Strategic positioning

7.5.4    Info graphic analysis

7.6    Accuray Incorporated

7.6.1    Company overview

7.6.2    Financial analysis

7.6.3    Strategic positioning

7.6.4    Info graphic analysis

7.7    Arry International Group Limited

7.7.1    Company overview

7.7.2    Financial analysis

7.7.3    Strategic positioning

7.7.4    Info graphic analysis

7.8    Teradyne Inc.

7.8.1    Company overview

7.8.2    Financial analysis

7.8.3    Strategic positioning

7.8.4    Info graphic analysis

7.9    Fetch Robotics Inc.

7.9.1    Company overview

7.9.2    Financial analysis

7.9.3    Strategic positioning

7.9.4    Info graphic analysis

7.10    OMRON Corporation

7.10.1    Company overview

7.10.2    Financial analysis

7.10.3    Strategic positioning

7.10.4    Info graphic analysis

7.11    AUBO Robotics Inc.

7.11.1    Company overview

7.11.2    Financial analysis

7.11.3    Strategic positioning

7.11.4    Info graphic analysis

7.12    FANUC Corporation

7.12.1    Company overview

7.12.2    Financial analysis

7.12.3    Strategic positioning

7.12.4    Info graphic analysis

7.13    Kawasaki Heavy Industries Ltd.

7.13.1    Company overview

7.13.2    Financial analysis

7.13.3    Strategic positioning

7.13.4    Info graphic analysis

7.14    Yaskawa Electric Corporation

7.14.1    Company overview

7.14.2    Financial analysis

7.14.3    Strategic positioning

7.14.4    Info graphic analysis

7.15    ABB Ltd.

7.15.1    Company overview

7.15.2    Financial analysis

7.15.3    Strategic positioning

7.15.4    Info graphic analysis

7.16    Kuka AG

7.16.1    Company overview

7.16.2    Financial analysis

7.16.3    Strategic positioning

7.16.4    Info graphic analysis

7.17    Bosch Rexroth AG

7.17.1    Company overview

7.17.2    Financial analysis

7.17.3    Strategic positioning

7.17.4    Info graphic analysis

7.18    Doosan Corporation

7.18.1    Company overview

7.18.2    Financial analysis

7.18.3    Strategic positioning

7.18.4    Info graphic analysis

7.19    Universal Robots

7.19.1    Company overview

7.19.2    Financial analysis

7.19.3    Strategic positioning

7.19.4    Info graphic analysis

7.20    Festo

7.20.1    Company overview

7.20.2    Financial analysis

7.20.3    Strategic positioning

7.20.4    Info graphic analysis

7.21    Techman Robot Inc.

7.21.1    Company overview

7.21.2    Financial analysis

7.21.3    Strategic positioning

7.21.4    Info graphic analysis

The Global Healthcare Collaborative Robots Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Healthcare Collaborative Robots Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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