Overview and Scope
Medical automation technologies refer to the application of automated systems, robotics, artificial intelligence, and other advanced technologies in healthcare delivery, diagnosis, treatment, and management. These technologies aim to streamline processes, improve efficiency, enhance accuracy, and improve patient outcomes while reducing human error and workload.
Sizing and Forecast
The medical automation technologies market size has grown rapidly in recent years. It will grow from $5.59 billion in 2023 to $6.27 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to healthcare industry digitization, pandemics and infectious diseases, patient empowerment, healthcare worker shortage, and focus on preventive care.
The medical automation technologies market size is expected to see rapid growth in the next few years. It will grow to $10.06 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to demand for minimally invasive procedures, remote patient monitoring, hospital capacity optimization, the shift towards value-based care, and growing awareness about the benefits of automation in healthcare. Major trends in the forecast period include robotic surgery, artificial intelligence in diagnostics, telemedicine and remote monitoring, automation in drug discovery and development, and smart hospitals and integrated healthcare systems.
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Segmentation & Regional Insights
The medical automation technologies market covered in this report is segmented –
1) By Type: Diagnostic And Monitoring Operations, Therapeutic Automation, Lab And Pharmacy Automation, Home Healthcare Automation
2) By Application: Imaging And Radiology, Clinical Chemistry Analysis, Vital Signs Monitoring, Surgery And Rehabilitation
3) By End Use: Hospitals And Diagnostics Centers, Research Institutes And Laboratories, Homecare Settings
North America was the largest region in the medical automation technologies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical automation technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing prevalence of chronic diseases is expected to propel the growth of the medical automation technology market going forward. Chronic diseases are long-term health conditions characterized by their prolonged duration and typically gradual progression, such as diabetes, often requiring ongoing management and treatment to control symptoms and prevent complications. The increasing prevalence of chronic diseases is due to sedentary lifestyles, poor dietary choices, environmental pollutants, and an aging population. Medical automation technology enhances chronic disease management through personalized treatment plans, remote patient monitoring, and automated data analysis, improving efficiency and outcomes while reducing healthcare burdens. For instance, in July 2021, according to the IDF Diabetes Atlas Tenth Edition 2021 report published by the International Diabetes Federation, a Belgium-based national diabetes association organization, the global number of people aged 20-78 years having diabetes is expected to reach 643 million by 2030, and 783 million by 2045 from 537 million in 2021. Therefore, the increasing prevalence of chronic diseases is driving the growth of the medical automation technology market.
Key Industry Players
Major companies operating in the medical automation technologies market are Johnson & Johnson Services Inc., F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic plc, Danaher Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., Becton Dickinson and Co, GE HealthCare Technologies Inc., Boston Scientific Corporation, Zimmer Biomet Holdings Inc., Olympus Corporation, Terumo Corporation, Intuitive Surgical Inc., Oracle Cerner, Hologic Inc., Illumina Inc., Mindray Medical International Limited, Nikon Corporation, Sysmex Corporation, Bio Rad Laboratories Inc., QIAGEN N.V., Carl Zeiss Meditec AG, Yuyama Co Ltd.
The medical automation technologies market report table of contents includes:
1. Executive Summary
2. Medical Automation Technologies Market Characteristics
3. Medical Automation Technologies Market Trends And Strategies
4. Medical Automation Technologies Market – Macro Economic Scenario
5. Global Medical Automation Technologies Market Size and Growth
…..
32. Global Medical Automation Technologies Market Competitive Benchmarking
33. Global Medical Automation Technologies Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Medical Automation Technologies Market
35. Medical Automation Technologies Market Future Outlook and Potential Analysis
36. Appendix
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