Overview and Scope
Healthcare automation refers to the use of various modern tools and software that enhance efficiency in the delivery of medical services that help to monitor the safety, security, and health status of the patient.
Sizing and Forecast
The healthcare automation market size has grown rapidly in recent years. It will grow from <b>$64.93 billion in 2023 to $72.14 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. </b> 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 <b>$112.95 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. </b> 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.
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Segmentation & Regional Insights
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
<b>North America</b> was the largest region in the healthcare automation market in 2023. The regions covered in the healthcare automation market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the healthcare automation market include <b> 3M Company, Accuray Inc., Aetna Inc., Allscripts Healthcare Solutions, Becton Co., Cerner Corporation, Cigna Corporation, Danaher Corporation, Dickinson and Company, General Electric Company, International Business Machines Corporation, Intuitive Surgical Inc., Koninklijke Philips N.V., McKesson Corporation, MedeAnalytics, Medtronic plc, OptumHealth, Oracle Corporation, Stryker Corporation, Swisslog Holding AG, Tecan Group Ltd., Truven Health Analytics Pvt. Ltd., UnitedHealth Group Incorporated, Verisk Analytics Inc., Abbott Laboratories, Agilent Technologies, Athenahealth, Capsule Technologies Inc., Change Healthcare Co., Elekta, Epic Systems Corporation, Hologic Co., IBM Watson Health </b>
The healthcare automation market report table of contents includes:
1. Executive Summary
2. Healthcare Automation Market Characteristics
3. Healthcare Automation Market Trends And Strategies
4. Healthcare Automation Market – Macro Economic Scenario
5. Global Healthcare Automation Market Size and Growth
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26. South America Healthcare Automation Market
27. Brazil Healthcare Automation Market
28. Middle East Healthcare Automation Market
29. Africa Healthcare Automation Market
30. Healthcare Automation Market Competitive Landscape And Company Profiles
Top Major Players:
- 3M Company
- Accuray Inc.
- Aetna Inc
- Allscripts Healthcare Solutions,
- Becton Co
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