Medical Automation Market Is Expected To Exhibit Significant Growth Over 2030

The global medical automation market is anticipated to grow at a CAGR of 13.7% during the forecast period (2023-2030). Healthcare professionals in various healthcare facilities are assisted in their primary responsive tasks by medical automation, which manages the monitoring, diagnostic, and therapeutic equipment. Medical automation offers modern approaches to administrative workflows, image analysis, robotic surgery, virtual assistants, and clinical decision support which is a driving factor for the medical automation market. Technological advancement such as AI is ready to support healthcare personnel with a variety of tasks from administrative workflow to clinical documentation and patient outreach as well as specialized support such as in image analysis, medical device automation, and patient monitoring. Medical automation currently include sending text messages to patients reminding them of upcoming appointments. Automation can also warn clinicians of known contraindications and interactions for drugs by accessing a database.

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With the availability of electronic health records (EHRs) hospitals and medical facilities have shifted from using paper medical records to EHRs to create, access, store, and share patient information. For instance, in May 2021, Automation Anywhere, Inc. in Robotic Process Automation (RPA), announced the availability of its new cloud-based Epic Fast Healthcare Interoperability Resources (FHIR) API Bot to automate access to electronic health records (EHR) for Epic Systems, one of the EHR vendors in the US.

Various company product portfolio leverages data analytics, AI and intelligent automation across healthcare business processes to deliver clear value for customers including a lower cost structure, improved quality, and streamlined workflows. For instance, in July 2023, Smart Data Solutions (SDS), an AI-based platform technology company providing healthcare process automation and interoperability solutions, announced its expansion in the India region with the launch of its new Centre of Excellence (CoE) in Chennai.

Life sciences companies using automation technology benefit from higher productivity, reduced risk, and lower costs. For instance, in July 2021, UK consortium Ltd. launched a project to develop automated manufacturing controls for use in the manufacture of biologics. The project is aiming to increase flexibility and sustainability of manufacturing procedures, reducing batch failures and potentially helping advance progress towards the real-time product release of biopharmaceutical drugs.

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered- 

o          By Application

o          By End Users

Regions Covered-

o          North America

o          Europe

o          Asia-Pacific

o          Rest of the World

Competitive Landscape- includes Boston Scientific Corp., Koninklijke Philips N.V., Medtronic Plc, Siemens AG, Siemens Healthineers, and others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?

Global Medical Automation Market Report Segment

By Application

Diagnosis & Monitoring Automation
Therapeutic Automation
Lab & Pharmacy Automation
Medical Logistics & Training

By End Users

Hospitals
Diagnostic Centers
Pharmacies
Research Labs and Institutes
Ambulatory Surgical Centers
Others (Homecare, Specialty Clinics)

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Global Medical Automation Market Report Segment by Region

North America          

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific   

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Appian Corp.
Baxter International Inc.
Becton, Dickinson and Company
Edwards Lifesciences Corp.
GE HealthCare Technologies, Inc.
Hansen Medical, Inc.
Intuitive Surgical
Johnson & Johnson
Koninklijke Philips N.V.,
Mazor Robotics
ReWalk Robotics, Inc.
Stryker Corp.

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