The global 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 advanced autonomous robots used for disinfection purposes. They are capable of disinfecting various surfaces such as floors, walls, furniture, medical equipment and others using ultraviolet (UV) light, vaporized hydrogen peroxide (VHP), or other disinfecting solutions. These robots can operate continuously and cover large areas precisely without direct human contact. Disinfectant robots can efficiently kill or inactivate viruses and bacteria on surfaces through exposure to either UV radiation or disinfectant chemicals. They are widely utilized in healthcare facilities, laboratories, hotels, schools, offices and other areas to reduce the risk of infection transmission. Advantages of using disinfectant robots include precision, speed, safety, reduction in use of disinfecting chemicals and manpower, thereby driving their adoption across various end-use industries.
Market key trends:
The rising demand for disinfectant robots from healthcare facilities is a major trend. The COVID-19 pandemic has underscored the need for continuous disinfection of surfaces and spaces occupied by patients and hospital staff. Disinfectant robots provide thorough and repetitive disinfection of healthcare facilities including patient rooms, operation theatres, laboratories and others. Automation in disinfection is helping hospitals maximize staff safety and efficiency. Another key trend is the growing demand from hotels and hospitality sector. Disinfectant robots are helping hotels and accommodations provide a safer and hygienic stay experience to customers in a cost-effective manner. They efficiently disinfect rooms between guest stays without human contact. This is supporting the quick recovery of hotels and boosting customers’ confidence amid the ongoing pandemic.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate in the disinfectant robot market. High capital requirements and technology expertise for developing disinfectant robots pose barriers for new players.
Bargaining power of buyers: The bargaining power of buyers is high due to availability of multiple regional and global players offering disinfectant robots. This gives buyers options to choose and negotiate on price.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw material suppliers have availability of alternatives however component development expertise provides suppliers an edge in negotiations.
Threat of new substitutes: The threat of new substitutes is low as disinfectant robots are more effective than manual cleaning processes in eliminating pathogens and offer permanent solution compared to consumable substitutes.
Competitive rivalry: Intense due to presence of global and regional players competing on capabilities, features and price.
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 concerns over hospital acquired infections and need for continuous disinfection.
The Asia Pacific region is expected to dominate the market and register fastest growth during the forecast period due to increasing COVID-19 cases, growing healthcare expenditure and rising awareness. Countries like China and India are expected to boost regional market growth.
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. Time Medical Holding Robotics holds a leading market share due to wide range of germ-killing robots.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it