DUBLIN--(BUSINESS WIRE)--The "Medical Disinfection Robots Market Analysis by Type (Ultraviolet Light, Hydrogen Peroxide Vapor), by End User (Commercial, Residential, Industrial, Healthcare), and by Region - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.

The global medical disinfection robots market size is estimated to be USD 501 million in 2020 and is expected to witness a CAGR of 37.21% during the forecast period.

Companies Mentioned

Infiltration of robotics in household and medical appliances is a key driver for the growth of the global medical disinfection robots market. Additionally, increase in labour costs and safety concerns due to COVID-19 and compacted size with self-charging competence are some of the other drivers propelling the market growth. Nevertheless, high cost of private cleaning robots, decrease in consumer expenditure due to COVID-19, and effectiveness of cleaning robots are expected to restrain the global market growth.

By Type

Based on type, the market is segmented into ultraviolet light, hydrogen peroxide vapor, and others. In 2020, the ultraviolet light segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is attributed to growing application of autonomous robots for the COVID pandemic worldwide. Hydrogen peroxide vapor segment projected to grow at a profitable CAGR during the forecast period. This is attributed to the new product launches by leading players is further expected to strengthen the market growth.

By End User

Based on end user, the market is categorized into commercial, residential, industrial, healthcare, and others. In 2020, the healthcare segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to spread of COVID-19 pandemic worldwide. The residential segment is anticipated to grow at a profitable CAGR during the forecast period, due to the technical advancements that is resulting in increased application of these robots in the residential end user segment.

Regional Insights

In 2020, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the presence of major players in the region, growth in initiatives from government, accessibility of technological advanced products in the region. Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the growing disposable income amongst the consumers, growing government and corporate investment in healthcare sector are the major factors in this region.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029.

The medical disinfection robots market report is categorized into the following segments and subsegments:

Medical Disinfection Robots Market, By Type (Revenue, USD Million, 2021 - 2029)

Medical Disinfection Robots Market, By End User (Revenue, USD Million, 2021 - 2029)

Medical Disinfection Robots Market, By Region (Revenue, USD Million, 2021 - 2029)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/j0y8uk

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Outlook on the $501 Million Medical Disinfection Robots Global Market to 2029 - by Type, End-user and Region - ResearchAndMarkets.com - Business Wire