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2025 Healthcare Automation Industry Trends Report: Long-Term Outlook Through 2034
"Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.How Large Will the Healthcare Automation Market Size By 2025?
In recent times, the healthcare automation market has experienced swift expansion. It is anticipated to rise from $72.59 billion in 2024 to $80.38 billion in 2025, representing a compound annual growth rate (CAGR) of 10.7%. The considerable growth observed in the historic phase can be ascribed to factors such as regulatory compliance, patient safety, heightened use of electronic health records (EHR), enhanced operational efficiency, and integration of medical devices.
How Big Is the Healthcare Automation Market Size Expected to Grow by 2029?
Anticipated to experience a swift expansion in the coming years, the healthcare automation market is predicted to rise to $129.37 billion by 2029, boasting a compound annual growth rate (CAGR) of 12.6%. The surge during this forecast era can be credited to factors such as managing population health, handling medication, accuracy in medicine, readiness for pandemics, and a growing elderly demographic. The forthcoming period is also likely to witness key trends like the use of robotics in the healthcare sector, implementation of artificial intelligence (AI) in diagnostic procedures, the utilization of blockchain technology for maintaining the security of health data, the application of internet of things (IoT) in healthcare, and the emergence of smart hospitals.
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Which Key Market Drivers Powering Healthcare Automation Market Expansion and Growth?
The proliferation of automation in the healthcare sector is playing a significant role in propelling the growth of the healthcare automation market. This involves the implementation of innovative solutions in healthcare facilities to augment work efficacy and simplify operations. In a prime exemplification of this, the Netherlands-based multinational conglomerate, Koninklijke Philips N.V, disclosed in their Future Health Index 2023 Australian report, the world's largest healthcare survey, that nearly half or 47% of healthcare leaders are employing automation to improve patient procedures like automated appointment bookings. At the same time, 43% are leveraging it with the objective of streamlining internal operations including administrative tasks and workflow improvements. As a consequence of this heightened utilization of automation, the healthcare automation market is predicted to witness substantial growth in the forthcoming years.
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Which Fast-Growing Trends Are Poised to Disrupt the Healthcare Automation Market?
The key trend observed in the healthcare automation market is the growing acceptance of artificial intelligence (AI) with major market participants focusing on incorporating it into healthcare. The aim is to assist healthcare providers with various patient care aspects and administrative tasks. For instance, in August 2023, Innovaccer Inc., a United States based company operating on healthcare data platforms, introduced the AI Automation Suite, Sara for Healthcare. It is a novel set of AI solutions designed for population health management, customer relationship management, value-based care, self-serve analytics, as well as care management and coordination. These solutions are created to utilize the benefits of AI while upholding safety, precision, security, compliance, and scalability, tailored to the unique requirements of healthcare IT.
What Are the Emerging Segments in the Healthcare Automation Market?
The healthcare automation market covered in this report is segmented -
1) By Component: Equipment, Software, Services
2) By Application: Therapeutic Automation, Lab And Pharmacy Automation, Logistics And Training Automation, Diagnostics And Monitoring Automation, Other Applications
3) By End-User: Pharmacies, Research Institutes And Labs, Home Care, Other End-Users
Subsegments:
1) By Equipment: Automated Laboratory Equipment, Pharmacy Automation Systems, Surgical Robots, Point-Of-Care Testing Devices
2) By Software: Laboratory Information Management Systems (LIMS), Electronic Health Records (EHR) Systems, Workflow Management Software, Clinical Decision Support Systems (CDSS)
3) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Training Services
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Who Are the Global Leaders in the Healthcare Automation Market?
Major companies operating in the healthcare automation market include 3M Company, Accuray Inc., Aetna Inc., Allscripts Healthcare Solutions, Becton Co., Cerner Corporation, Danaher Corporation, Dickinson and Company, General Electric Company, International Business Machines Corporation, Intuitive Surgical Inc., Koninklijke Philips N.V., McKesson Corporation, MedeAnalytics, Medtronic plc, OptumHealth, Oracle Corporation, Stryker Corporation, Swisslog Holding AG, Tecan Group Ltd., Truven Health Analytics Pvt. Ltd., UnitedHealth Group Incorporated, Verisk Analytics Inc., Abbott Laboratories, Agilent Technologies, Athenahealth, Capsule Technologies Inc., Change Healthcare Co., Elekta, Epic Systems Corporation, Hologic Co., IBM Watson Health
Which are the Top Profitable Regional Markets for the Healthcare Automation Industry?
North America was the largest region in the healthcare automation market in 2024. The regions covered in the healthcare automation market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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