Medical Automation Market Size, Share & Trends Analysis Report By Application (Imaging Automation, Therapeutic Automation, Laboratory & Pharmacy Automation), By End Use, By Region- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

According to Nova one advisor, the global Medical Automation market size was estimated at USD 44.54 billion in 2022 and is projected to hit around USD 88.19 billion by 2030, growing at a CAGR of 9.11% during the forecast period 2022 to 2030.

Key Takeaways:

  • The medical automation market was valued at USD 46.59 Billion in 2023 and is expected to grow at a CAGR of 9.11% during the forecast period.
  • Based on the Application, the therapeutic automation market segment held the largest share of over 54.10%, and it is also expected to be the fastest-growing segment over the forecast period. This is due to the rising number of solutions on the market and initiatives undertaken by leading companies.
  • The laboratory and pharmacy automation market is estimated to attain the highest CAGR of 11.30% from 2023 to 2030.  This is due to the growing need for automation in labs and pharmacies, as well as the tremendous potential for disease identification and treatment. On the other hand, the medical software, informatics, and logistics automation market is expected to grow at the fastest rate over the forecast period.
  • Based on end-use, hospitals & diagnostic centers held the largest revenue share of the market in 2022. It is also projected to expand at the fastest CAGR during the forecast period, owing to the increasing use of automated equipment in hospitals & diagnosis, and other treatment centers. On the other hand, the research laboratories & institutes segment accounted for a market share of over 48.19% in 2022.
  • North America and Europe are likely to be the primary growth regions for this market. Emerging markets such as Asia Pacific are likely to see positive development throughout the forecast period as healthcare infrastructure improves and increasing demand for automation in healthcare systems
  • A common trend observed is an increase in market participant collaboration for innovation through using each other's capabilities. For instance, Danaher Corporation launched its new Biomek NGeniuS Next Gen Library Preparation System.  This initiative will speed up next-generation sequencing and make it more accessible to research laboratories of all sizes.
  • In addition, a competitive environment permits significant R&D investments, distribution agreements, and contracts, which are anticipated to maintain industry competition over the forecast period. For instance, in April 2022, Philips and Prisma Health signed a multiyear strategic agreement to offer healthcare system advancements. Philips will be able to extend its advanced medical care to better patient outcomes and the future of healthcare owing to the long-term strategic collaboration.

 A few of the key factors driving the market are the adoption of automated instruments by drug discovery departments of pharmaceutical companies, the rise in need for miniaturization, and technological advancements coupled with the rise in demand for robot-assisted surgeries.

Additional contributing factors include increased government initiatives, an increase in clinical trials due to greater R&D outsourcing to emerging nations, and rising expenditures for infrastructure development. For instance, due to government initiatives that place a high priority on domestic innovation in nations like South Korea and China, there are now more domestic manufacturers in the surgical automation industry that specialize in robotic-assisted surgeries. Examples include Curexo in South Korea, which even serves as the local distributor for THINK Surgical's TSolution robotic system, and TINAVI Medical Technologies in China. Over the forecast period, an increase in local companies will be key to the market's growth.

This is attributed to the rapid technological advancements in lab and pharmacy automation, as well as diagnostic and monitoring automation, which are generating global demand for healthcare automation. Increased government involvement is expected to drive the global healthcare automation market over the forecast period.

Healthcare automation provides cutting-edge solutions in hospital pharmacy automation, logistics and transport, and material handling applications. Healthcare automation is being invested in by labs and research facilities all around the world to simplify various processes and increase overall work productivity. This automation is helping research institutes leverage overall productivity in healthcare facilities, improve experimental data quality, and reduce lab process cycle times, as a result, increasing automation adoption by pharmacies, labs, and research centers is expected to drive market growth over the forecast period.

Furthermore, the rising prevalence of chronic illnesses, as well as the increasing implementation of automated diagnostic and therapeutic equipment, are driving market expansion. According to the World Health Organization (WHO), chronic illnesses are one of the main causes of death in the world, with cancer, stroke, heart disease, diabetes, and respiratory disorders accounting for roughly 60% of all fatalities. Furthermore, according to NCBI, by 2030, around 40.8% of the US population is expected to have one or more cardiovascular disorders, expanding the customer base for this industry.

Market players adopt strategies such as collaborations, launches, and mergers & acquisitions to strengthen their industry position. For instance, in June 2022, GE Healthcare collaborated with Medtronic to accelerate global access to personalized care by offering an advanced patient monitoring system on the CARESCAPE platform. This collaboration enabled GE Healthcare to advance patient care, improve decision-making, boost healthcare system efficiency, and link caregivers & their patients within an ecosystem

Report Scope of the Medical Automation Market

Report Coverage

Details

Market Size

USD 88.19 Billion by 2030

Growth Rate

CAGR of 9.11% from 2022 to 2030

Largest Market

North America

Fastest Growing Market

Asia Pacific

Base Year

2021

Forecast Period

2022 to 2030

Segments Covered

and Region,

Companies Mentioned

….

Application Insights

Based on the application type, the market is fragmented into imaging automation, therapeutic automation, laboratory and pharmacy automation, medical software, informatics, and logistics automation markets. Therapeutic automation held the largest share of the market in 2022, accounting for more than 54.10% of total market revenue.

Imaging Automation Market

The market is supported by the growth of the intraoperative imaging segment, which made up more than 64.9% of the overall imaging automation market in 2022. This is due to the increase in the usage of less invasive treatments as well as technological advancements. For instance, Philips announced major updates to its Zenition mobile C-arm platform in June 2020.

Therapeutic Automation Market

The market is supported by the expansion of the surgical automation segment, which is growing at a compound annual growth rate of over 9.10%. This is a combination of both technical developments and an increase in the strategic initiatives taken by the companies. For instance, organizations' strategic initiatives, such as the BPCI, CJR, and advanced value-based reimbursement models, have given manufacturers the chance to offer supplementary goods and services that will successfully broaden the continuum of care.

Medical Software, Informatics, And Logistics Automation Market

The overall market is expanding at the compound annual growth rate of 9.09%, supported by the growth of the logistics automation segment over the forecast period. Furthermore, the rising need for automated material handling solutions across healthcare manufacturing sectors and rapid urbanization expansion is driving the market expansion.

End-Use Insights

The end-use segment is dominated by hospitals and diagnostic centers with over 51.9% share in 2022. The dominance is due to the rising usage of automated equipment in diagnostics, treatment, and laboratories.

The rise of this industry is being driven by automation in pharmacies and hospitals, particularly in tier 2 and tier 3 cities of the growing economies of Asia Pacific, including India. For example, institutions like Apollo and Fortis in India are working to offer computerized healthcare services that are functioning in tier 2 and tier 3 towns.

The research laboratories & institutes segment is anticipated to grow at a positive compound annual growth rate of over 9%. This is attributed to the presence of government-assisted agencies and acceptance of the new products launched into the market.

Regional Insights

North America dominated the industry in 2022 owing to high R&D investments, product launches, and government initiatives. Furthermore, the growth is attributed to the presence of a well-established healthcare infrastructure, which has increased the use of laboratory automation in the region. In addition, the supportive reimbursement framework and the local presence of major players in this region are also boosting the penetration of novel solutions in the market.

The Europe medical automation market is expected to expand at a CAGR of 9.30% in the forecast period of 2023 to 2030. The rising demand for technology-driven systems, the presence of major players, and the presence of well-established and developed healthcare infrastructure are expected to contribute to the region's market growth.

In addition, the presence of government agencies, such as the Medicines and Healthcare Products Regulatory Agency, is critical in certifying pharmacy automation systems and other devices with European standards, which is expected to give growth opportunities in the coming years for this regional market.

Furthermore, the markets in Asia Pacific are expected to exhibit the fastest compound annual growth rate (CAGR) over the forecast period owing to the developing healthcare sector, increasing cases of chronic diseases, and growing government and corporate investment in the healthcare sector, which are the major growth factors in this region.

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

  • Accuray, Inc.
  • Tecan Group Ltd.
  • Medtronic Plc.
  • Swisslog Holding AG
  • GE Healthcare
  • Intuitive Surgical, Inc.
  • Stryker Corporation
  • Siemens AG
  • Koninklijke Philips N.V.
  • Danaher Corporation
  • Zimmer Biomet

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 Medical Automation market

  • Application
    • Imaging Automation Market
      • Integrated Image Analysis software systems
      • Medical Intraoperative Imaging
        • iCT
        • iUltrasound
        • iMRI
        • C-arm system
    • Therapeutic Automation Market
      • Non-Surgical Automation Market
        • Defibrillators
          • Implantable Cardioverter Defibrillators (ICD)
          • Automated External (Portable) Defibrillators
          • Wearable cardioverter defibrillators
        • Electronic Drug Delivery Systems
      • Surgical Automation Market
        • Surgical Robotic device
          • By Product
            • Capital Equipment
            • Consumables
            • Services
          • By Application
            • Large-Joint Replacement
            • Spinal Fusion
        • Intelligent Operating Rooms
        • Surgical Simulators
    • Laboratory and Pharmacy Automation Market
      • Laboratory Automation Market
        • Total Automation (Inclusive of Pre-analysis, Transport Mechanisms, Liquid Handling, Sample Storage, & Analysis)
        • Modular Automation Systems (Inclusive of Specimen Acquisition & Identification & Labelling, Transport Mechanisms, Sample Preparation, Sample Loading & Aspiration, Reagent Handling & Storage, Sample Analysis & Measurements)
        • Microplate Readers and Standalone Robots
      • Pharmacy Automation Market
    • Medical Software, Informatics, and Logistics Automation Market
      • Software and Informatics
      • Logistics Automation
        • Hospital/Staff/Patient Tracking Systems Automated Liquid Handing
          • Radiofrequency Identification
          • Real-time Location Systems
        • Automated Hospital Pickup and Delivery
          • Pneumatic Tube Systems (PTS)
          • Automated Guided Vehicles (AGV)
  • End-Use
    • Hospitals & Diagnostic Centers
    • Research Laboratories & Institutes
    • Pharmacies
    • Others (Home/Ambulatory Care Settings, etc.)

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 Medical Automation industry analysis from 2022 to 2030 to identify the prevailing Medical 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 Medical 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 Medical Automation industry trends, key players, market segments, application areas, and market growth strategies.

Report Detail

  • Report Code:7567
  • No. of Pages:150+
  • Format:PDF/PPT/Excel

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