logo
logo
Sign in

Disinfectant Robot is fastest growing segment fueling the growth of Disinfectant Robot Market

avatar
naufan
Disinfectant Robot is fastest growing segment fueling the growth of Disinfectant Robot Market

Market Overview:

Disinfectant robots are autonomous robots that use ultraviolet light or hydrogen peroxide vapor to disinfect hospital rooms and surfaces without needing any human assistance. They are used to disinfect areas such as surgery rooms, patient rooms, ICUs, laboratories etc. to prevent the spread of infections. Using these robots enables 24/7 disinfection and reduces the risks associated with human errors or missed surfaces during manual cleaning.


The Disinfectant Robot market is estimated to be valued at US$ 1277.94 Mn in 2023 and is expected to exhibit a CAGR of 35.% over the forecast period from 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The global disinfectant robot market is witnessing high growth owing to the rising prevalence of hospital acquired infections (HAIs) and growing awareness regarding the need for advanced disinfection technologies in healthcare facilities. As per the Centers for Disease Control and Prevention (CDC), annually around 6.7 million patients suffer from HAIs in US hospitals alone. This has increased the demand for autonomous cleaning and disinfecting robots which can disinfect healthcare facilities continuously without human intervention. The growing geriatric population who are more vulnerable to infections is another major factor driving the adoption of disinfectant robots across hospitals and long term care centers globally. Continuous technological advancements including integration of UV-C light, hydrogen peroxide vapor systems and artificial intelligence in disinfection robots are further expanding their application areas.

Porter's Analysis

Threat of new entrants: Low barriers to entry such as capital requirements and technology restrict the threat of new entrants in the disinfectant robot market.

Bargaining power of buyers: The bargaining power of buyers is moderate due to the availability of various disinfectant robot brands in the market.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many suppliers providing components for disinfectant robots.

Threat of new substitutes: The threat of new substitutes is low as there are limited substitutes for disinfectant robots that can provide 360-degree room disinfection.

Competitive rivalry: High as major players compete based on robot technology, disinfection capabilities, and pricing.

SWOT Analysis

Strengths: Disinfectant robots offer more effective and consistent disinfection compared to manual methods. They can disinfect large areas within a short timeframe.

Weaknesses: High initial investment cost. Limited applications in small facilities. Require regular maintenance and technology upgrades.

Opportunities: Increasing adoption in healthcare facilities, hotels, restaurants to curb the spread of infections. Growing precedence for infection control amid COVID-19 pandemic.

Threats: Limited guidance over proper usage and maintenance. Concerns over job losses in cleaning services.

Key Takeaways

The Global Disinfectant Robot Market Size is expected to witness high growth, exhibiting CAGR of 35% over the forecast period, due to increasing healthcare expenditures and rising awareness about hospital-acquired infections.

Regional analysis: North America holds the highest share in the disinfectant robot market currently due to stringent regulations regarding infection control and advanced healthcare infrastructure in the region. Asia Pacific is expected to grow at the fastest pace during the forecast period with increasing investments in hospital infrastructure and growing medical tourism industry in countries like China, India and South Korea.

Key players operating in the disinfectant robot market are Time Medical Holding Robotics, Blue Ocean Robotics, Ateago Technology Co., Ltd, Xenex Disinfection Services LLC, Solustar, Finsen Technologies (Thor UV-C), Fetch Robotics, Inc., Skytron LLC, MTR Corporation (Joint venture), Tru-d Smartuvc, Decon-X International, Akara Robotics Ltd., Bridgeport Magnetics, Mediland Enterprise Corporation, Bioquell PLC (Ecolab Inc), Tmirob Technology, and OTSAW Digital Pte Ltd. Major players are focusing on expanding their portfolio through new product launches and partnerships with hospitals and hotels.


Get more insights on this topic:

https://www.marketwebjournal.com/disinfectant-robot-market-demand-insights/

collect
0
avatar
naufan
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more