The Healthcare Automation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Healthcare Automation Global Market Report 2024, The healthcare automation market size has grown rapidly in recent years. It will grow from $64.93 billion in 2023 to $72.14 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to regulatory compliance, patient safety, increased ehr adoption, operational efficiency, medical device integration.
The healthcare automation market size is expected to see rapid growth in the next few years. It will grow to $112.95 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to population health management, medication management, precision medicine, pandemic preparedness, increased aging population. Major trends in the forecast period include robotics in healthcare, artificial intelligence (ai) in diagnostics, blockchain for health data security, internet of things (iot) for healthcare, smart hospitals.
An increase in automation adoption is contributing to the growth of the healthcare automation market. Automation adoption refers to the adoption of cutting-edge solutions in healthcare facilities. Healthcare facilities are adopting healthcare automation to improve overall work efficiency and streamline different activities. For instance, in 2021, according to Dignity Health, a California-based not-for-profit public-benefit corporation, the healthcare industry sector has cut administrative expenses by $122 billion as a result of automation and may save an additional $16 billion by fully automating some routine processes. Also, according to Flobotics, a US-based software development company, 30% of the healthcare industry is considering implementing Robotic Process Automation (RPA) solutions in their businesses. Therefore, increased automation adoption is anticipated to propel healthcare automation market growth over the coming years.
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The healthcare automation market covered in this report is segmented –
1) By Component: Equipment, Software, Services
2) By Application: Therapeutic Automation, Lab And Pharmacy Automation, Logistics And Training Automation, Diagnostics And Monitoring Automation, Other Applications
3) By End-User: Pharmacies, Research Institutes And Labs, Home Care, Other End-Users
Top Major Players:
3M Company
Accuray Inc
Aetna Inc
Allscripts Healthcare Solutions
Becton Co
North America was the largest region in the healthcare automation market in 2023.
The adoption of artificial intelligence (AI) has emerged as the key trend gaining significant popularity in the healthcare automation market. Major players operating in the healthcare automation sector are concentrating their efforts on implementing AI in healthcare to aid healthcare providers in several aspects of patient care and administrative operations. For instance, in August 2023, Innovaccer Inc., a US-based healthcare data platform company, launched the AI Automation Suite, Sara for Healthcare. This innovative set of AI solutions will enable population health management, customer relationship management, value-based care, self-serve analytics, and care management and coordination to harness the power of AI while maintaining the safety, accuracy, security, compliance, and scalability that are specific to the needs of healthcare information technology (IT).
The healthcare automation market report table of contents includes:
1. Executive Summary
2. Healthcare Business Intelligence Market Characteristics
3. Healthcare Business Intelligence Market Trends And Strategies
4. Healthcare Business Intelligence Market – Macro Economic Scenario
5. Global Healthcare Business Intelligence Market Size and Growth
….…..
31. Global Healthcare Business Intelligence Market Competitive Benchmarking
32. Global Healthcare Business Intelligence Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Healthcare Business Intelligence Market
34. Healthcare Business Intelligence Market Future Outlook and Potential Analysis
35. Appendix
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