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Major Growth Driver Identified in 2025 Medical Automation Market: Rising Chronic Disease Rates Fuel Growth In Medical Automation Market
Medical Automation Market
Medical Automation Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the medical automation market has expanded significantly in the previous years. It is projected to rise from $55.22 billion in 2024 to $61.43 billion in 2025, boosting at a compound annual growth rate of 11.2%. Factors contributing to this growth in the historic period include digital transformation in healthcare, outbreaks of pandemics and infectious diseases, patient empowerment, scarcity of healthcare workers, and an emphasis on preventive health care.
Medical Automation Market Size Forecast: What's the Projected Valuation by 2029?
Anticipated to witness a boom in the coming years, the medical automation market is speculated to reach $92.78 billion by 2029, expanding at a compound annual growth rate (CAGR) of 10.9%. This potential growth during the forecast period is largely due to factors such as the demand for less intrusive medical procedures, remote patient management, hospital capacity enhancement, the shift towards outcome-based healthcare, and heightened consciousness about the advantages of automation in the health sector. Some major trends projected to shape this period include gene modification, the uptake of medical imaging, 3d printing, telemedicine, the Internet of Things (IoT), and the incorporation of artificial intelligence (AI).
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What Are the Drivers Transforming the Medical Automation Market?
The rise in chronic diseases is anticipated to accelerate the expansion of the medical automation market. Chronic illnesses are long-lasting health conditions that progressively worsen over time, largely caused by inactive lifestyles, poor diet habits, and an aging population. Medical automation enhances precise tracking and allows for timely treatment of these diseases, thereby improving patient care and health outcomes. For instance, as per the World Health Organization's September 2022 report, around 74% of worldwide deaths resulted from chronic diseases, tallying up to 41 million annual deaths. This surge in chronic diseases is thus fueling the development of the medical automation market.
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What Long-Term Trends Will Define the Future of the Medical Automation Market?
In a bid to boost revenue growth, major firms in the medical automation market are concentrating their efforts on the development of cutting-edge solutions, such as mobile apps controlled by clinicians. These apps are software applications specifically designed by healthcare professionals such as doctors, nurses, therapists, and other clinical staff to enhance patient care, communication, and management. Augmedix Inc., a US medical documentation and data services organization, for example, introduced Augmedix Go in April 2024. This app, controlled by clinicians, employs ambient AI technology and structured data to generate a completely automated draft medical note following a patient's appointment at healthcare facilities like emergency departments. Such automation streamlines the healthcare documentation process, enabling clinicians to dedicate more time to patient care by minimizing the time spent on administrative duties, such as note-taking.
Which Segments in the Medical Automation Market Offer the Most Profit Potential?
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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Which Firms Dominate the Medical Automation Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Medical Automation Market?
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.
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