Press release
Healthcare Automation Market: Substantial Growth Propelled by Technological Advancements and Robust CAGR of 12.6% Forecasted till 2029
Healthcare Automation Market
The healthcare automation market is accelerating at a swift pace, fueled by technological advancements and consumer demands for better healthcare facilities.
What Is The Projected Market Size Of The Global Healthcare Automation Market And Its Growth Rate?
o The market was valued at $72.59 billion in 2024, followed by a 10.7% CAGR leading to a predicted market size of $80.38 billion in 2025.
o The escalating growth is attributed to increased adoption of EHR, operational efficiency, and patient safety along with regulatory compliance and medical device integration.
o Looking forward, the healthcare automation market size is anticipated to surge to $129.37 billion in 2029 at a CAGR of 12.6%, fostered by factors such as medication management, population health management, aging population, precision medicine, and pandemic preparedness.
What Is Driving The Growth In The Healthcare Automation Market?
The healthcare automation market is seeing immense growth due to the rising adoption of automation in healthcare facilities. The enhanced efficiency and streamlined activities made possible through automation have prompted healthcare providers to implement such solutions. For instance, the Future Health Index 2023 Australian report by Koninklijke Philips N.V. demonstrated that 47% of healthcare leaders implemented automation to improve patient processes, while 43% have employed it to optimize internal processes. This increased adoption of automation is therefore driving the growth of the healthcare automation market.
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Who Are the Key Players Driving Healthcare Automation Market Growth?
Key players in the healthcare automation market include:
o 3M Company
o Accuray Inc.
o Aetna Inc.
o Allscripts Healthcare Solutions
o Cerner Corporation
o Danaher Corporation
o General Electric Company
o International Business Machines Corporation
o Intuitive Surgical Inc.
o McKesson Corporation
o Medtronic plc
o Oracle Corporation
o Stryker Corporation
o UnitedHealth Group Incorporated
o IBM Watson Health
What Are The Key Trends In The Healthcare Automation Market?
Key trends driving the market growth include:
o Artificial intelligence in diagnostics
o Robotics in healthcare
o Blockchain for health data security
o Internet of things (IoT) for healthcare
o Smart hospitals
What Are The Segments Of The Global Healthcare Automation Market?
The global healthcare automation market is segmented by:
o Component: Equipment, Software, Services
o Application: Therapeutic Automation, Lab And Pharmacy Automation, Logistics And Training Automation, Diagnostics And Monitoring Automation, Other Applications
o End-User: Pharmacies, Research Institutes And Labs, Home Care, Other End-Users
Which Region Leads The Healthcare Automation Market?
North America is currently the dominating region in the healthcare automation market as of 2024. Other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa also make significant contributions to the market.
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What Is Covered In The Healthcare Automation Market Global Market Report?
- Market Size Analysis: Analyze the Healthcare Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Healthcare Automation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Healthcare Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Healthcare Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, new product launches in the market.
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