The healthcare automation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Healthcare Automation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The healthcare automation market size has grown rapidly in recent years. It will grow from $64.93 billion in 2023 to $72.14 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to regulatory compliance, patient safety, increased ehr adoption, operational efficiency, medical device integration.
The healthcare automation market size is expected to see rapid growth in the next few years. It will grow to $112.95 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to population health management, medication management, precision medicine, pandemic preparedness, increased aging population. Major trends in the forecast period include robotics in healthcare, artificial intelligence (ai) in diagnostics, blockchain for health data security, internet of things (iot) for healthcare, smart hospitals.
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Scope Of Healthcare Automation Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Healthcare Automation Market Overview
Market Drivers –
An increase in automation adoption is contributing to the growth of the healthcare automation market. Automation adoption refers to the adoption of cutting-edge solutions in healthcare facilities. Healthcare facilities are adopting healthcare automation to improve overall work efficiency and streamline different activities. For instance, in 2021, according to Dignity Health, a California-based not-for-profit public-benefit corporation, the healthcare industry sector has cut administrative expenses by $122 billion as a result of automation and may save an additional $16 billion by fully automating some routine processes. Also, according to Flobotics, a US-based software development company, 30% of the healthcare industry is considering implementing Robotic Process Automation (RPA) solutions in their businesses. Therefore, increased automation adoption is anticipated to propel healthcare automation market growth over the coming years.
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
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Regional Insights –
North America was the largest region in the healthcare automation market in 2023. The regions covered in the healthcare automation market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the healthcare automation market include 3M Company, Accuray Inc., Aetna Inc., Allscripts Healthcare Solutions, Becton Co., Cerner Corporation, Cigna 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
Table of Contents
1. Executive Summary
2. Healthcare Automation Market Characteristics
3. Healthcare Automation Market Trends And Strategies
4. Healthcare Automation Market – Macro Economic Scenario
5. Global Healthcare Automation Market Size and Growth
…..
32. Global Healthcare Automation Market Competitive Benchmarking
33. Global Healthcare Automation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Healthcare Automation Market
35. Healthcare Automation Market Future Outlook and Potential Analysis
36. Appendix
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