Healthcare Automation Market (Application: Therapeutic Automation, Lab & Pharmacy Automation, Logistics & Training Automation, and Diagnostics & Monitoring Automation; and End-user: Pharmacies, Research Institutes & Labs, Home Care, and Others)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

According to Nova one advisor, the global Healthcare Automation market was valued at USD 37.9 billion in 2021 and it is expected to hit around USD 91.18 billion by 2030 with a CAGR of 10.39% during the forecast period 2022 to 2030.

Healthcare Automation Market: Overview

  • The healthcare industry has witnessed significant changes in the past few years, especially in terms of how data is analyzed, stored, and accessed. The need of automation is increasing rapidly due to rise in demand for healthcare. Moreover, automation enable medical professionals to focus on caring for patients instead of getting involved in various repetitive work.
  • Automation is likely to enable the healthcare industry to reduce the cost incurred by healthcare providers. Healthcare automation primarily offers high-tech solutions in the field of transport, material handling, and hospital pharmacy automation. Implementation of automation in healthcare is expected to increase healthcare facilities, enhance efficiency, and boost healthcare delivery quality.

 Report Scope of the Healthcare Automation Market

Report Coverage

Details

Market Size

USD 91.18 Billion by 2030

Growth Rate

CAGR of 10.39% from 2022 to 2030

Largest Market

North America

Fastest Growing Market

Asia Pacific

Base Year

2021

Forecast Period

2022 to 2030

Segments Covered

Application, End-user, and Region,

Companies Mentioned

  • Siemens AG
  • General Electric Company
  • Swisslog Holding AG
  • Koninklijke Philips N.V.
  • Medtronic plc
  • Intuitive Surgical, Inc.
  • Stryker Corporation
  • Danaher Corporation
  • Accuray, Inc.
  • Tecan Group Ltd.

Increase in Technological Advancements: Key Driver

  • Increase in technological advancements is a major factor boosting the growth of the global healthcare automation market
  • Dynamic technological advancements increases the demand for healthcare automation globally. Automation can be employed in various ways in the healthcare industry.
  • Doctors have access to significant amount of medical history due to the utilization of big data and artificial intelligence. This enables them to take important decisions for the treatment of patients.

Healthcare Automation Benefitting Research Institutes in Streamlining Processes

Healthcare automation offers high-tech solutions in the field of hospital pharmacy automation, logistics & transport, and material handling applications. Labs and research institutes from all across the globe are investing in healthcare automation in order to streamline different activities and improve overall work efficiency. This automation is playing a monumental role for research institutes in order to leverage overall productivity in healthcare facilities, improve the experimental data quality, and lower their lab process cycle times.

Increased automation adoption by these end users has resulted into making research institutes and labs the highest revenue-generating segment. The healthcare automation market is estimated to gather lucrative avenues from this segment in the upcoming decade.

AI Emerges as Recurring Trend for Healthcare Automation during Coronavirus Crisis

The ongoing novel coronavirus pandemic has had a positive effect on the global healthcare automation market. Vendors operating in this market are focusing on the development of technologies for therapeutic and diagnostic applications. The adoption of Artificial Intelligence (AI) and Internet of Things are other strategies adopted by players operating in the healthcare automation market.

Since AI is a subset of machine learning (ML), AI holds promising potentials in the development of mobile apps that can serve as intelligent symptom checkers in order to diagnose possible infections, illness, or chronic diseases. Deep learning platforms are providing doctors with real-time insights pertaining to patient medical history, radiology images, blood tests, and genomics, among others.

Computerization of Medical Services Helping to Improve Patient Quality of Life

The expanding innovative progression is a significant factor answerable for the development of the worldwide medical care mechanization market internationally. These advancements are undergoing a significant change with new highlights in the sphere of the robotic technology. The dynamic mechanical headway is supporting the interest for medical services computerization worldwide during the forecast period. Computerization can be utilized in different cost-efficient manners in the medical care area.

The growing interest for wearable innovation is a prominent pattern in the market of robotic medical services. It is relied upon to acquire accurate and precise clinical information of patients. Moreover, simple openness to this information is relied upon to bring about better accessibility of medical services, consequently diminishing the expenses. Such innovations are being publicized for different clinical considerations and remote care of patients.

Governments Assisting Innovations in Healthcare Automation with Funding

The increase in government support is anticipated to fuel the growth of the global healthcare automation market during the forecast period. The usage of the smart technology such as therapeutic automation in the healthcare automation market is propelling market growth. Governments support for the implementation of automation in healthcare by providing funds and investments is helping to improve patient outcomes. For instance, government bodies in Europe, such as Medicines and Healthcare Products Regulatory Agency, are endorsing automated systems for pharmacies.

Government authorities are investing in research & development (R&D), thereby assisting innovations in the healthcare automation market. The high prevalence of chronic diseases in individuals are triggering the demand for government funding in healthcare automation technologies.

Dynamic Technological Advancements Enhance Patient Outcomes

Technological advancements are a driving force for boosting the growth of the global healthcare automation market. Dynamic technological advancements in lab & pharmacy automation and diagnostic & monitoring automation are fueling the demand for healthcare automation globally.

Doctors have access to large volumes of patient medical history due to the utilization of Big Data and Artificial Intelligence. This enables them to take important decisions for the treatment of patients. The implementation of automation in healthcare is likely to increase revenue generation at healthcare facilities, enhance efficiency, and boost healthcare delivery for patients. The demand for wearable technology is increasing rapidly and is a key trend in the global healthcare automation market.

Some of the prominent players in the Healthcare Automation Market include:

  • Siemens AG
  • General Electric Company
  • Swisslog Holding AG
  • Koninklijke Philips N.V.
  • Medtronic plc
  • Intuitive Surgical, Inc.
  • Stryker Corporation
  • Danaher Corporation
  • Accuray, Inc.
  • Tecan Group Ltd.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Healthcare Automation market

  • Application
    • Therapeutic Automation
    • Lab & Pharmacy Automation
    • Logistics & Training Automation
    • Diagnostics & Monitoring Automation
  • End-user
    • Pharmacies
    • Research Institutes & Labs
    • Home Care
    • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Healthcare Automation industry analysis from 2022 to 2030 to identify the prevailing Healthcare Automation industry opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the global Healthcare Automation industry segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global Healthcare Automation industry trends, key players, market segments, application areas, and market growth strategies.

Report Detail

  • Report Code:7474
  • No. of Pages:150+
  • Format:PDF/PPT/Excel

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