Medical Automation Market Size Worth USD 68.68 Billion in 2032 | Emergen Research

The global medical automation market size was USD 27.19 Billion in 2022 and is expected to register a rapid revenue CAGR of 9.7% during the forecast period. The global medical automation market is witnessing significant growth, driven by increasing investments in research and development (R&D), rising adoption of automated instruments by pharmaceutical companies, and technological advancements such as robotics, Artificial Intelligence (AI), and Internet of Things (IoT) coupled with automation.

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The market is propelled by several key factors:

1. Demand Surge in Response to Rising Chronic Conditions: The increasing prevalence of chronic conditions, including cardiovascular diseases and cancer, is fueling the demand for medical automation. This is particularly evident in emerging countries engaging in extensive R&D and clinical trials.

2. Global Investments in Healthcare Infrastructure: Substantial investments in healthcare infrastructure, laboratories, and research facilities worldwide are fostering the need for healthcare automation. Recent approvals such as Ortho Development's implants with THINK Surgical's TKA application and upgrades by Corin Group to its cloud-based digital ecosystem signify this trend.

3. Optimizing Patient Care through Automation: Healthcare practitioners are turning to medical automation to manage growing patient data, optimize treatment regimens, and conduct diagnostic tests more accurately and efficiently. Automation is crucial in ensuring accuracy, reducing errors, and ultimately enhancing patient care.

4. Surge in Robot-Assisted Surgery (RAS): Surgical robots are playing a pivotal role in enhancing surgical procedures, particularly with the increasing demand for minimally invasive operations and the aging population with complex health demands.

However, the market faces challenges such as the lack of required skills and high installation costs, which could impede revenue growth.

Segment Insights:

• Applications: The therapeutic segment dominates the market due to its role in improving therapy administration accuracy and promoting precision medicine. Imaging, especially AI-based technology, is expected to witness moderate growth due to the rising need for intraoperative imaging and streamlined diagnostic processes.

• Types: Ultrasound holds a significant market share, driven by its ability to provide real-time analysis and automate image capture, thus improving workflow efficiency and diagnosis accuracy.

• End Use: Hospitals and diagnostic centers are expected to continue their dominance, driven by the need for effective healthcare services and diagnostic facilities. Automation is revolutionizing operations in these settings, leading to faster and more accurate diagnoses.

The global medical automation market is poised for continued growth as technological advancements and increasing healthcare investments reshape the industry landscape.

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Medical Automation Top Companies and Competitive Landscape

The global medical automation market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective medical automation solutions.

• Zimmer Biomet
• Danaher Corporation
• Koninklijke Philips N.V.
• Stryker Corporation
• Intuitive Surgical, Inc.
• GE Healthcare
• Swisslog Holding AG
• Medtronic Plc.
• Tecan Group Ltd.
• Accuray, Inc.

Medical Automation Latest Industry News

• On 6 November, 2023, Shadowbox, a prominent figure in healthcare automation solutions, unveiled its pioneering healthcare workflow automation platform specifically designed for imaging centers. This cutting-edge platform redefines the process of order entry and outpatient clinic result management, resulting in cost reduction alongside heightened efficiency, precision, and improved patient care standards.

• In 2022, Becton, Dickinson, and Company (BD), a medical technology company announced the acquisition of Parata Systems for USD 1.5 billion. Arata Systems offers workflow and conformance packaging tools, high-speed robotic dispensers, inventory management software, and others.

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Medical Automation Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global medical automation market on the basis of component, application, type, end-use, and region:

• Component Outlook (Revenue, USD Billion; 2019-2032)
o Equipment
o Capital equipment
o Consumables
o Software
o Services

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Imaging
o Therapeutic
o Laboratory and pharmacy
o Informatics
o Medical software
o Others

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Computed Tomography (CT)
o Ultrasound
o Magnetic Resonance Imaging (MRI)
o C-arm system
o Automated imaging
o Sample preparation
o Others

• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Hospitals & diagnostic centers
o Research laboratories & institutes
o Pharmacies
o Others

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Russia
8. Rest of Europe
o Asia Pacific
1. China
2. Japan
3. South Korea
4. India
5. ASEAN Countries
6. Oceania
7. Rest of APAC
o Latin America
1. Brazil
2. Mexico
3. Rest of LATAM
o Middle East & Africa
1. GCC Countries
2. Israel
3. Turkey
4. South Africa
5. Rest of Middle East & Africa

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