Healthcare Automation Market By Application (Diagnostics & Monitoring Automation, Therapeutic Automation, Lab & Pharmacy Automation, and Logistics Automation & Training Automation), By End User (Hospital, Diagnostic Center, Research Institute, Home Care, and Others) and By Region, Trends, Analysis and Forecast till 2030

Healthcare Automation Market accounted for USD 54.05 Billion in 2020 and is estimated to be USD 97.30 Billion by 2030 and is anticipated to register a CAGR of 6.1%.

Growing ageing population across the world and need of more efficient healthcare systems has resulted in the growing inclination towards healthcare automation. The growing ageing population means that there will be increased number of people across the globe, who will need medical assistance. Thus the healthcare system should be enhanced and improved to cater this growing need. On the other side of the story, it is evident that internet and IT automation has disrupted most almost of the sectors by providing enhanced operational efficiency and increased convenience. Same is the case with healthcare sector where medical and pharmaceutical sub-sectors have been increasingly seen under the influence of IT automation, which has reduced various challenges faced by the industry. 

Rising technological advancement

Some of the major benefits of healthcare automation are operational efficiency, productivity, reduced cost, and better management. The advent of healthcare automation has impacted or boosted following applications: patient management, medical workflow, surgery management, logistics, diagnostic laboratories, technology assessment, health problem detection, daily living activities tracking, and others. Rising technological advancement in IT automation, significant investments by VC and tech companies to promote automated medical & pharmaceutical services and government efforts to fulfill growing healthcare needs in an efficient way are some of the key major factors influencing growth of the healthcare automation market.

Rising cost of labor

Rising cost of labor and unavailability of skilled workforce in developed economies also acts as a factor demanding automation of healthcare system. However, high costs incurred to deploy automation and stringent policies and approvals by government may act as a factor restraining market growth.

Healthcare automation market has been segmented on the basis of application, end use, and region. On the basis of application, the healthcare automation market has been segmented into: diagnostics & monitoring automation, therapeutic automation, lab & pharmacy automation, and logistics automation & training automation.

On the basis of end user, the healthcare automation market has been segmented into: hospital, diagnostic center, research institute, home care, and others.

Regional Insights:                                              

On the basis of region, the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account major market share as compared to that of other regions, followed by Europe during the forecast year due to growing aging population and stringent regulations in this region are the major factors driving the growth of the healthcare automation in North America. The global healthcare automation is expected to show a significant growth over the forecast period owing to demand from developed markets. Developed markets such as Europe and North America are anticipated to emerge as major growth catalysts over the forecast period. GCC countries in the MEA region are expected to remain leader in faster adoption of healthcare automation as compared to other major countries in regions such as Asia Pacific and Latin America. With large population base, Asia Pacific offers significant growth opportunities to leading players in the market. China and India are anticipated to account for over half of the revenue generated in Asia Pacific healthcare automation market over the forecast period. China is anticipated to emerge significantly as a technology leader in the Asia Pacific healthcare automation market.                                             

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Healthcare Automation Market report based on product, mode of delivery and region.

Healthcare Automation Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

Key players operating in the healthcare automation market includes: General Electric Company, Siemens AG, Swisslog Holding AG, Koninklijke Philips N.V., Medtronic Plc, Intutive Surgical, Inc., Stryker Corporation, Danaher Corporation, Tecan Group Ltd., and AccurayInc.

• General Electric Company
• Siemens AG
• Swisslog Holding AG
• Koninklijke Philips N.V.
• Medtronic Plc
• Intutive Surgical, Inc.
• Stryker Corporation
• Danaher Corporation
• Tecan Group Ltd.
• Accuray Inc.