Medical Automation Market Size, Share, Industry, Forecast
Medical Automation Market Size, Share, Industry, Forecast
Data Bridge Market Research analyses that the medical automation market, valued at USD 44.44 billion in 2022, will reach USD 92.26 billion by 2030, growing at a CAGR of 9.56% during the forecast period of 2023 to 2030.

"Company profiles of all the major Medical Automation Market players and brands dominating the Medical Automation s Market with movements like product launches, joint ventures, mergers and acquisitions which in turn influence sales value, imports, exports, revenue and CAGR have been quoted in the report. The competitive landscape section of the report provides clear insights into the market share analysis of key industry players. The Medical Automation s Market industry is expected to witness higher growth during the forecast period due to increasing demand at the end-user level. The Medical Automation s Market analysis report helps to know how patents, licensing agreements, and other legal restrictions affect the manufacture and sale of a company's products.

The team of experts, in coordination with project managers, provides clients on every strategic aspect including product development, key areas of development, application modeling, use of technology, acquisition strategies, exploring special growth opportunities and new markets. A detailed analysis of factors influencing investment is also provided which estimates upcoming opportunities for the business and develops strategies to increase return on investment (ROI). Medical Automation Market research reports offer actionable market insights so as to build sustainable and profitable business strategies.

Data Bridge Market Research analyses that the medical automation market, valued at USD 44.44 billion in 2022, will reach USD 92.26 billion by 2030, growing at a CAGR of 9.56% during the forecast period of 2023 to 2030.

Explore Further Details about This Research Medical Automation Market Report https://www.databridgemarketresearch.com/reports/global-medical-automation-market

Medical Automation Market Scope and Segmentation      

REPORT METRIC

DETAILS

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Component (Equipment, Software, Services), Type (Automated Prescription Formulation and Dispensing, Automated Health Assessment and Monitoring, Automated Imaging, Automated Healthcare Logistics, Resource and Personnel Tracking, Medical Robotics and Computer-Assisted Surgical Devices, Therapeutic Automation Market, Procedures and Automated Laboratory Testing and Analysis), Application (Diagnostics and Monitoring, Therapeutics, Lab and Pharmacy Automation, Medical Logistics and Training, Others), Connectivity (Wired, Wireless), Distribution Channel (Direct Tender, Retail Sales,  Online Sales, Others), End User (Hospitals, Diagnostic Center, Pharmacies, Research Labs and Institutes, Homecare, Specialty Clinics, Ambulatory Surgical Centers (ASCS), Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Brainlab AG (Germany), Abbott (U.S.), QMeds Inc. (U.S.), HollySys Group (Singapore), SP Automation & Robotics (U.K.), Asahi Kasei Medical Co., Ltd. (Japan), Asteres Inc. (U.S.), ARxIUM (Canada), MedAvail Technologies, Inc. (U.S.), Stereotaxis, Inc. (U.S.), Parata Systems, LLC (U.S.), 3M (U.S.), Accuray Incorporated (U.S.), Intuitive Surgical (U.S.), Medtronic (Ireland), Stryker (U.S.), Cardinal Health (U.S.), Omnicell, Inc. (U.S.), Leica Biosystems Nussloch GmbH (Germany), BD (U.S.), Baxter (U.S.), iCAD Inc. (U.S.), Siemens Healthcare GmbH (Germany), Koninklijke Philips N.V. (Netherlands), GE Healthcare (U.S.), Johnson & Johnson Services, Inc. (U.S.)

Market Opportunities

  • Growing support for healthcare organizations creates lucrative opportunities to grow
  • Rising chronic diseases create expansion

Market Definition

A technological system that automates some aspects of the workflows at healthcare organizations is referred to as a healthcare automation solution. Both clinical and non-clinical administrative tasks, such as billing, filing claims, making appointments, etc., fall under this category. By supporting technological developments and streamlining processes, automation helps to improve patient outcomes. Currently, text messages reminding patients of upcoming appointments are typical examples of healthcare automation.

Medical Automation Market Dynamics

Drivers

  • Rising demand for surgical procedures drives the market

Patients undergo surgery to remove sick organs, treat wounds, get back to normal, reconstruct anatomical body parts, and more. Surgery can be done in a variety of ways. As the need for surgical procedures increases, so will the demand for automated medical devices. Surgical robots are service robots that assist surgeons during operations, now known as robot-assisted surgery (RAS) procedures. Not all surgical robots used in surgery are robots.  Current surgeries use medical devices that fall under the definition of robots, such as robot-shaped operating tables or robotized microscopes.

  • Increasing investment of medical  automation can surge the market growth

Healthcare automation offers modern approaches to material handling, logistics, and hospital pharmacy automation. Labs and research facilities worldwide invest in healthcare automation to streamline procedures and boost overall work productivity. Increased automation adoption by pharmacies, labs, and research centers is anticipated to propel market growth over the forecast period. It enables research institutes to increase overall productivity in healthcare facilities, enhance experimental data quality, and shorten lab process cycle times.

Opportunities

  • Growing support for healthcare organizations creates lucrative opportunities to grow

Government agencies like the Medicines and Healthcare Products Regulatory Agency are necessary for approving pharmacy automation systems and other devices in accordance with European standards, which is anticipated to create growth opportunities for this regional market in the coming years. As a result, it is anticipated that a rise in government and healthcare organizations' support for disease prevention will present a growth opportunity for the medical automation market during the forecast period.

  • Rising chronic diseases create expansion

Chronic diseases are becoming more common, and automated diagnostic and therapeutic equipment is being used more frequently, which is driving market expansion. The increase in chronic diseases like bladder cancer, prostate cancer, and urinary blockages, among others.  According to the World Health Organization (WHO), chronic illnesses account for about 60% of all fatalities and are one of the main causes of death globally. Cancer, a stroke, heart disease, diabetes, and respiratory issues are some of these conditions. Additionally, according to NCBI, 40.5% of Americans will have one or more cardiovascular disorders by 2030, expanding the market for this sector.

Key questions answered in the Medical Automation Market are: 

  • What is Medical Automation Market?
  • What was the Medical Automation Market size in 2022?
  • What are the different segments of the Medical Automation Market?
  • What growth strategies are the players considering to increase their presence in Medical Automation Market?
  • What are the upcoming industry applications and trends for the Medical Automation Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Medical Automation Market?
  • What major challenges could the Medical Automation Market face in the future?
  • What segments are covered in the Medical Automation Market?
  • Who are the leading companies and what are their portfolios in Medical Automation Market?
  • What segments are covered in the Medical Automation Market?
  • Who are the key players in the Medical Automation Market?

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