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Key Influencer in the Medical Automation Market 2025: Rising Chronic Disease Rates Fuel Growth In Medical Automation Market Driver
Medical Automation Market
There has been a swift expansion in the medical automation market size in the past few years. The market is set to increase from $55.22 billion in 2024 to $61.43 billion in 2025, experiencing a compound annual growth rate (CAGR) of 11.2%. Factors such as the digitization of the healthcare industry, the prevalence of pandemics and infectious diseases, empowerment of patients, a lack of healthcare workers, and emphasis on preventive care have contributed to the growth during the historic period.
The market size of medical automation is predicted to experience significant expansion in the coming years. It is expected to reach $92.78 billion by 2029, growing on a compound annual basis at a rate of 10.9%. This expansion during the predicted period can be due to an increased demand for procedures that are minimally invasive, optimization of hospital capacity, remote mechanisms of patient monitoring, the transition toward care that provides value, and a rise in awareness regarding the advantages of healthcare automation. Major trends predicted this forecast period are the integration of artificial intelligence (AI), gene editing, adoption of medical imaging, 3D printing, telemedicine, and the utilization of the Internet of Things (IoT).
What Are the Primary Growth Drivers for the Medical Automation Market?
The growth of the medical automation market is predicted to be driven by the escalating prevalence of chronic illnesses. Chronic diseases are long-lasting medical conditions that persist over time and typically worsen. The rise in these diseases can be attributed to inactive lifestyles, poor diet, and an aging population. Medical automation allows for precise monitoring and timely intervention for chronic diseases, enhancing patient care and results. As an example, the World Health Organization (WHO) reported in its 2022 Highlights that chronic diseases were responsible for 74% of all global deaths, totaling 41 million deaths annually. Thus, the growing number of chronic disease cases is fueling the expansion of the medical automation market.
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Which Businesses Are at the Forefront of Medical Automation Market Development?
Major companies operating in the medical automation market are Johnson & Johnson Services Inc., F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic plc, Siemens Healthineers AG, Becton, Dickinson and Company, Royal Philips, Stryker Corporation, Boston Scientific Corporation, Zimmer Biomet Holdings Inc., Agilent Technologies Inc., Terumo Corporation, Intuitive Surgical Inc., Smith & Nephew plc, Hologic Inc., ResMed Inc., Bio Rad Laboratories Inc., QIAGEN N.V., Carl Zeiss Meditec AG, Masimo Corporation, Elekta AB, Tecan Group Ltd., Accuray Inc.
What Are the Latest Innovations in the Medical Automation Market?
Top corporations in the medical automation market are putting their efforts into creating innovative solutions like clinician-controlled mobile applications, all in an attempt to boost revenue growth. Clinician-controlled mobile applications are software applications engineered by healthcare specialists like doctors, nurses, therapists, among others, to support various patient care, communication, and management dimensions. For instance, in April 2024, an American data services and medical documentation company known as Augmedix Inc. introduced Augmedix Go. This app, controlled by clinicians, leverages ambient AI technology and structured information to generate a completely automated preliminary medical note post patient's visit to health care facilities such as emergency departments. This advancement simplifies medical documentation procedures, enabling healthcare professionals to focus more on patient care by minimizing time dedicated to administrative chores like taking notes.
How Is the Medical Automation Market Segmented?
The medical automation market covered in this report is segmented -
1) By Component: Equipment, Capital Equipment, Consumables, Software, Services
2) By Connectivity: Wired, Wireless
3) By Application: Diagnostics And Monitoring, Therapeutics, Lab And Pharmacy Automation, Medical Logistics And Training, Large-Joint Replacement, Spinal Fusion, Other Applications
4) By End User: Hospitals, Diagnostic Center, Pharmacies, Research Laboratories And Institutes, Homecare, Specialty Clinics, Ambulatory Surgical Centers (ASCs), Other End Users
Subsegments:
1) By Equipment: Diagnostic Equipment, Therapeutic Equipment, Monitoring Equipment
2) By Capital Equipment: Surgical Robots, Imaging Systems (MRI, CT Scanners), Patient Lifting Equipment, Automated Laboratory Equipment
3) By Consumables: Test Strips And Kits, Reagents And Chemicals, Single-Use Devices
4) By Software: Healthcare Management Software, Diagnostic Software, Automation Software For Laboratory And Pharmacy Systems, AI Or ML-Based Software Solutions For Medical Diagnostics
5) By Services: Maintenance And Support Services, Consulting Services, Integration And Implementation Services, Training Services
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Where Is the Medical Automation Market Growth Most Prominent?
North America was the largest region in the medical automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Medical Automation Global Market Report?
- Market Size Analysis: Analyze the Medical Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Medical 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 Medical Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Medical Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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