Disinfectant Robot Market is Estimated To Witness High Growth Owing To Increased Demand for Automated Disinfection

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 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

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 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview: Disinfectant robots are automated machines that disinfect spaces using ultraviolet (UV) light, hydrogen peroxide vapor, or other disinfection technologies without the need for human intervention. They are increasingly being adopted in healthcare facilities, hospitality spaces, transportation hubs, and other commercial and industrial settings to complement manual cleaning and disinfection. Disinfectant robots provide thorough, consistent, and automated application of disinfectants across wide areas, with benefits such as reduced risk of human error and enhanced safety.

Market key trends: The disinfectant robot market is driven by the increased demand for automated disinfection systems amidst the COVID-19 pandemic. Robots eliminate the need for human contact and allow for thorough and repetitive disinfection of spaces without risk of infection. Furthermore, regulations regarding infection control and prevention in healthcare settings are becoming more stringent, necessitating the frequent disinfection of patient rooms and common areas. Disinfectant robots streamline cleaning operations and allow healthcare facilities to meet disinfection protocols efficiently. Additionally, the technology offers benefits such as quick deployment, extensive coverage of spaces, and minimization of downtime for disinfection. Leading players are also developing advanced robot models with features such as remote monitoring and analytics capabilities, supporting market growth over the forecast period.

Porter’s Analysis

Threat of new entrants: New entrants face high initial capital requirements for R&D, manufacturing, and marketing. Established players have advantages of brand loyalty and economies of scale.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of alternatives and prices being determined by large healthcare buyers.

Bargaining power of suppliers: A few key suppliers for components give them moderate bargaining power over manufacturers.

Threat of new substitutes: Low threat as disinfection robots have distinct advantages over manual cleaning methods.

Competitive rivalry: Intense competition among existing players to gain market share through innovation and expansion into new applications.

SWOT Analysis

Strengths: Disinfection robots offer improved safety, accuracy, and efficiency compared to manual cleaning. Growing concerns about hospital acquired infections is a key driver.

Weaknesses: High initial costs may limit adoption in cost-sensitive settings. Technical constraints can hamper operations in complex facility layouts.

Opportunities: Untapped growth opportunities in healthcare facilities, transportation hubs, and public buildings post covid will spur demand. Expansion into services like sterilization of surgical equipment.

Threats: Slow macroeconomic recovery may delay capital investments. Vulnerable to price competition from low-cost regional players. Innovation by rivals in applications like autonomous navigation.

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 prevalence of hospital acquired infections and need for advanced hygiene. The market size for disinfectant robots was valued at US$ 1277.94 Mn in 2023.

Regional analysis - North America dominated the disinfectant robot market in 2023, and is expected to maintain its lead, growing at a CAGR of over 30% till 2030. This can be attributed to robust funding for healthcare robotics projects and stringent hygiene standards in the region. Asia Pacific is anticipated to be the fastest growing market during the forecast period, driven by rising healthcare infrastructure spending in China and India.

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. Leading players are focused on strengthening their product portfolio and geographic presence through mergers & acquisitions and partnerships.

https://www.ukwebwire.com/disinfectant-robot-market-size-share-growth-outlook-2023/