How has the medical automation technologies market evolved, and where is it heading next?
The medical automation technologies market size has grown rapidly in recent years. It will grow from $6.27 billion in 2024 to $7.07 billion in 2025 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to healthcare industry digitization, pandemics and infectious diseases, patient empowerment, healthcare worker shortage, and focus on preventive care.
The medical automation technologies market size is expected to see rapid growth in the next few years. It will grow to $11.31 billion in 2029 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to demand for minimally invasive procedures, remote patient monitoring, hospital capacity optimization, the shift towards value-based care, and growing awareness about the benefits of automation in healthcare. Major trends in the forecast period include robotic surgery, artificial intelligence in diagnostics, telemedicine and remote monitoring, automation in drug discovery and development, and smart hospitals and integrated healthcare systems.
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Which major factors have contributed to the expansion of the medical automation technologies market?
The increasing prevalence of chronic diseases is expected to propel the growth of the medical automation technology market going forward. Chronic diseases are long-term health conditions characterized by their prolonged duration and typically gradual progression, such as diabetes, often requiring ongoing management and treatment to control symptoms and prevent complications. The increasing prevalence of chronic diseases is due to sedentary lifestyles, poor dietary choices, environmental pollutants, and an aging population. Medical automation technology enhances chronic disease management through personalized treatment plans, remote patient monitoring, and automated data analysis, improving efficiency and outcomes while reducing healthcare burdens. For instance, in September 2024, according to the British Heart Foundation, a UK-based cardiovascular research charity, in the UK, approximately 7.6 million individuals are currently affected by heart and circulatory diseases, comprising 4 million men and 3.6 million women. By 2030, this number could increase by 1 million, and by 2040, it may rise to 2 million more than the current figures. Therefore, the increasing prevalence of chronic diseases is driving the growth of the medical automation technology market.
How is the medical automation technologies market segmented?
The medical automation technologies market covered in this report is segmented –
1) By Type: Diagnostic And Monitoring Operations, Therapeutic Automation, Lab And Pharmacy Automation, Home Healthcare Automation
2) By Application: Imaging And Radiology, Clinical Chemistry Analysis, Vital Signs Monitoring, Surgery And Rehabilitation
3) By End Use: Hospitals And Diagnostics Centers, Research Institutes And Laboratories, Homecare Settings
Subsegments:
1) By Diagnostic And Monitoring Operations: Diagnostic Imaging Automation, Patient Monitoring Systems Automation, Laboratory Diagnostic Automation, Remote Patient Monitoring
2) By Therapeutic Automation: Robotic Surgery Systems, Infusion Pumps And Automated Drug Delivery, Automated Rehabilitation Devices, Radiotherapy Automation
3) By Lab And Pharmacy Automation: Automated Laboratory Equipment, Pharmacy Dispensing Automation, Automated Sample Handling And Analysis, Robotic Pharmacy Solutions
4) By Home Healthcare Automation: Remote Health Monitoring Devices, Wearable Health Devices, Home Care Robotics, Automated Medication Management Systems
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Who are the top competitors in the medical automation technologies market?
Major companies operating in the medical automation technologies market are Johnson & Johnson Services Inc., F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic plc, Danaher Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., Becton Dickinson and Co, GE HealthCare Technologies Inc., Boston Scientific Corporation, Zimmer Biomet Holdings Inc., Olympus Corporation, Terumo Corporation, Intuitive Surgical Inc., Oracle Cerner, Hologic Inc., Illumina Inc., Mindray Medical International Limited, Nikon Corporation, Sysmex Corporation, Bio Rad Laboratories Inc., QIAGEN N.V., Carl Zeiss Meditec AG, Yuyama Co Ltd.
Which key trends are expected to influence the medical automation technologies market in the coming years?
Major companies operating in the medical automation technologies market are adopting innovative technologies, such as AI-driven medical coding, to drive revenue growth. AI-driven medical coding refers to utilizing artificial intelligence algorithms to automatically assign accurate medical codes to patient diagnoses, treatments, and procedures, streamlining healthcare billing and administrative tasks while minimizing errors and improving efficiency. For instance, in December 2023, CorroHealth Inc., a US-based healthcare technology company, launched Pulse, a revolutionary advancement in the automation of medical coding. With adaptive learning capabilities and real-time insights, it continuously improves the accuracy of its coding. Its user-centric design prioritizes process optimization, productivity enhancement, and unmatched value delivery to healthcare practitioners. It effortlessly interfaces with any electronic health record (EHR) and is fully tailored to the specific requirements of every healthcare facility.
Which regional trends are influencing the medical automation technologies market, and which area dominates the industry?
North America was the largest region in the medical automation technologies market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical automation technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Medical Automation Technologies Market Report 2025 Offer?
The medical automation technologies market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Medical automation technologies refer to the application of automated systems, robotics, artificial intelligence, and other advanced technologies in healthcare delivery, diagnosis, treatment, and management. These technologies aim to streamline processes, improve efficiency, enhance accuracy, and improve patient outcomes while reducing human error and workload.
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