Healthcare Automation Market Report 2023: Includes Latest Key Development and Market Dynamics | Aetna, Inc., Allscripts Healthcare Solutions, Cerner

The Healthcare Automation Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The healthcare automation market involves products and systems that automate healthcare workflows and processes such as pharmacy automation, laboratory automation, and clinical workflow automation. Automating healthcare processes can help improve efficiencies and reduce costs.

Market Dynamics:

The healthcare automation market is expected to witness significant growth over the forecast period 2023-2030 owing to the increased need for automation in healthcare services to enhance productivity and contain healthcare costs. In addition, growing geriatric population and the subsequent increase in workload have necessitated the need for automation systems in healthcare facilities. Furthermore, the increasing adoption of pharmacy automation systems in order to minimize medication errors and optimize inventory management is also expected to fuel market growth during the forecast period.

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** Note - This Report Sample Includes:

‣ Brief Overview to the research study.

‣ Table of Contents The scope of the study's coverage

‣ Leading market participants

‣ Structure of the report's research framework

‣ Coherent Market Insights' research approach

Major companies in Healthcare Automation Market are:

✤ Aetna Inc.
✤ Allscripts Healthcare Solutions
✤ Cerner
✤ Cigna Corporation
✤ OptumHealth
✤ Oracle
✤ IBM Corp
✤ Verisk Analytics
✤ MedeAnalytics
✤ McKesson
✤ Truven Health Analytics
✤ UnitedHealth Group Inc.

Note: Major Players are sorted in no particular order.

Healthcare Automation Market Drivers

Increasing Healthcare Costs are Driving Need For Healthcare Automation

With rising healthcare costs across the world, healthcare providers are facing immense pressure to reduce costs and improve efficiency. Automation of various routine tasks can help significantly bring down costs by reducing manual errors, lowering labor costs and improving workforce productivity. Automation solutions help streamline processes, resulting in more accurate diagnoses and treatment at lower costs. This is a major driver for increased adoption of automation technologies in the healthcare industry.

Rising Need for Improved Patient Outcomes and Quality of Care

Automation can help improve patient outcomes and quality of care through more accurate diagnoses, treatment tracking and monitoring. Automated systems ensure consistent and standardized care protocols are followed for each patient. This reduces variation and human errors. Technologies like robotic surgery and automated medication dispensing reduce surgical complications and dispensing errors. Automated clinical decision support alerts also help clinicians catch issues early on. Overall, automation improves safety, quality and effectiveness of care delivery which is an important consideration for healthcare providers and patients. This is driving greater investments in healthcare automation.

Healthcare Automation Market Restrain

High Upfront Capital Investments Require

Implementing an automated system requires significant upfront capital expenditure which may not always be feasible or justified for some healthcare facilities. Automation solutions require purchasing hardware, software licenses as well as implementation, training and support costs. Return on investments may take longer depending on the size and complexity of the automation project. This high upfront cost barrier is a major restrain for wider adoption of healthcare automation technologies, especially among smaller healthcare providers with limited budgets.

Healthcare Automation Market Opportunity

Untapped Market in Developing Countries

The healthcare automation market in developing countries still remains largely untapped compared to developed nations. However, with growing economies, expanding medical infrastructure and rising health awareness, the demand for advanced healthcare is surging rapidly in developing parts of the world. This presents a big market opportunity for companies providing cutting-edge automation solutions tailored for resource-constrained environments in developing countries. There is big potential to automate various manual healthcare processes in such countries which otherwise rely heavily on human labor and paper-based systems.

Healthcare Automation Market Trends

Increasing use of Artificial Intelligence and Robotics

One of the major trends in the healthcare automation space is the rising integration of artificial intelligence and robotics technologies. AI and robotics are making automation much more intelligent, adaptive and augmenting human capabilities. Applications include AI-powered clinical decision support, robotic surgeries and rehabilitation, virtual nursing assistants, automating medical imaging analysis and more. This convergence of AI/robotics with automation is reshaping the delivery of healthcare globally. It is expected to unleash the next wave of innovations that vastly improve outcomes, lower costs and expand access to quality care.

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Highlights of the global Healthcare Automation Market report:

→ This analysis provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), using 2021 as the base year. It also covers the global Healthcare Automation Market in-depth.

→ It offers enticing investment proposition matrices for this sector and explains the likely future growth of key revenue streams.

→ Additionally, this study offers crucial insights into market forces, limitations, opportunities, new product introductions or approvals, market trends, regional perspective, and competitive tactics used by top rivals.

→ Based on the following factors: company highlights, product portfolio, significant highlights, financial performance, and strategies, it covers key players in the global Healthcare Automation Market.

→ Marketers and company leaders will be able to make wise decisions about next product launches, type updates, market expansion, and marketing strategies thanks to the insights from this research.

→ A wide spectrum of industry stakeholders are covered by the global Healthcare Automation Market research, including investors, vendors, product producers, distributors, new entrants, and financial analysts.

→ The many strategy matrices used in researching the global Healthcare Automation Market will aid stakeholders in making decisions.

The research was developed through the synthesis, analysis, and interpretation of data gathered from multiple sources on the parent market. Additionally, analysis has been done of the economic circumstances and other economic indicators and factors to evaluate their respective impact on the Healthcare Automation Market, along with the present impact, so as to develop strategic and informed projections about the scenarios in the market. This is mostly due to the developing countries' unmet potential in terms of product pricing and revenue collection.

Key Questions Answered In The Report:

• Which regional market will experience the greatest and most rapid growth?

• Who are the top five Healthcare Automation Market players?

• How will the Healthcare Automation Market evolve over the next six years?

• What application and product will dominate the Healthcare Automation Market?

• What are the market drivers and constraints for Healthcare Automation Market?

• What will be the Healthcare Automation Market's CAGR and size during the forecast period?

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About Coherent Market Insights

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.