Healthcare Automation Market: The Next Big Breakthrough in Healthcare Technology - Aetna, Allscripts Healthcare Solutions, Cerner, Cigna Corporation, OptumHealth, Oracle, IBM Corp

Healthcare industry is rapidly adopting new technologies such as Artificial Intelligence (AI), robotics, medical imaging analytics; and extracting maximum benefits to drive down operational efficiencies, reduce cost of care, and enhance quality of care. Healthcare automation applications are assisting healthcare professionals and hospital administrators in conducting daily activities seamlessly and treating and managing patient care more efficiently. For instance, according to an Indiana University data, 2014, doctors using AI for treatment decisions has increased patient outcomes by 50% while health care costs reduced to half.

Smart scheduling applications are allowing appointments with nurses on the basis of patient proximity, matching medical specialty to the patient’s need, and then schedules the best-matched nurse to visit the patient at home. Automation provides nurses with detailed real-time patient information with a single interface to offer the best possible care.

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Healthcare Automation Market Dynamics
Advancements in healthcare information technology, increasing geriatric population base, and rising incidence rates of both chronic and acute diseases are expected to increase adoption of automation in the field of healthcare. According to the World health Organization (WHO) 2013 report, increasing elderly population is also rising the incidence of age-related illnesses such as Dementia and Parkinson’s disease worldwide. As a result, there is an increased burden on healthcare and medical resources along with more dependency on families and caregivers.

Implementation of automation technology in healthcare facilities can consolidate their staff and reduce expenses. According to the WHO report, the global shortage of healthcare workers was 7.2 million in 2013, and it is expected to reach 12.9 million by 2035. The technology will be able to save current staff members time as well as healthcare facilities.

Machine learning and AI can also make a large difference to the cost and time of drug discovery, which currently stands at an average of US$ 2.5 billion and 10-15 years, respectively. Researchers are forced to limit the number of test combinations due to complexity and time involved. Machine learning algorithms have no such restrictions and are capable of making predictions based on previously studied data and even prioritize experimentation, saving cost, and time of drug discovery.

Healthcare Automation Market Taxonomy
On the basis of application, the global healthcare automation market is segmented into:
Diagnostic and monitoring
Therapeutic
Laboratory and pharmacy
Medical logistics

Healthcare Automation Market Competitive Landscape
Key players operating in the healthcare automation market include Aetna, Inc., Allscripts Healthcare Solutions, Cerner, Cigna Corporation, OptumHealth, Oracle, IBM Corp, Verisk Analytics, MedeAnalytics, McKesson, Truven Health Analytics, and UnitedHealth Group, Inc. Industry players are continuously working towards developing new solutions in order to reduce healthcare costs and completely automate the process.

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