Overview and Scope
Robotic process automation (RPA) in healthcare refers to the application of software robots to automate repetitive tasks and workflows within healthcare systems, such as patient data management, claims processing, and appointment scheduling, aiming to improve operational efficiency, reduce errors, and enhance patient care delivery. It transforms healthcare operations by automating tedious and error-prone tasks, ultimately improving operational efficiency and patient outcomes.
Sizing and Forecast
The robotic process automation in healthcare market size has grown rapidly in recent years. It will grow from $1.71 billion in 2023 to $1.97 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The growth in the historic period can be attributed to rising demand for telehealth services, growing focus on supply chain optimization, growing need for interoperability solutions, increasing complexity of healthcare billing processes, accelerating digitization of healthcare data.
The robotic process automation in healthcare market size is expected to see rapid growth in the next few years. It will grow to $3.46 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to increased emphasis on cost reduction, growing demand for enhanced operational efficiency, rising demand for enhanced patient experience, increasing adoption of electronic health records (EHR), rising healthcare labor costs. Major trends in the forecast period include advance technology, integration of blockchain technology in healthcare operations shift towards outcome-based reimbursement models, integration of artificial intelligence (AI) in healthcare processes, shift towards value-based care models.
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Segmentation & Regional Insights
The robotic process automation in healthcare market covered in this report is segmented –
1) By Solution: Software, Services, Implementation, Support And Maintenance, Training And Consulting
2) By Operations: Rule-based Operation, Knowledge-based Operation
3) By Application: Claims Management, Clinical Documentation, Billing And Compliance Management, Appointment Scheduling, Workflow Management
North America was the largest region in the robotic process automation in healthcare market in 2023. The regions covered in the robotic process automation in healthcare 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 adoption of electronic health records (EHR) is expected to propel the growth of robotic process automation in healthcare market going forward. Electronic health records are digitalized copies of patient medical records available with authorized healthcare professionals. The rise in EHR systems provide a centralized and easily accessible repository for patient information, allowing healthcare professionals to focus more on patient care rather than administrative tasks. Robotic process automation (RPA) in healthcare is beneficial as it optimizes data accuracy, streamlines repetitive activities, and increases operational efficiency in patient information management. For instance, in 2021, according to a report by HealthIT.gov, a US-based official website of the Office of the National Coordinator for Health Information Technology (ONC), the adoption of electronic health records (EHR) by office-based physicians increased to 78% in 2021 from 72% in 2019. Therefore, the increasing adoption of electronic health records is driving the growth of robotic process automation in healthcare market.
Key Industry Players
Major companies operating in the robotic process automation in healthcare market are International Business Machines Corporation, EnterBridge, NICE Ltd., Thoughtonomy Limited, Datamatics Global Services Limited, Pegasystems Inc., iRobot Corp., UiPath Inc., Verint System, Celonis SE, BlackLine Inc., Automation Anywhere Inc., HelpSystems LLC, Kofax Inc., Appian Corp., Kryon Systems Ltd., Digital Workforce Service, Redwood Software Inc., OpenConnect Systems Incorporated, AutomationEdge Solutions Limited, WorkFusion Inc., FortressIQ Inc.
The robotic process automation in healthcare market report table of contents includes:
1. Executive Summary
2. Robotic Process Automation In Healthcare Market Characteristics
3. Robotic Process Automation In Healthcare Market Trends And Strategies
4. Robotic Process Automation In Healthcare Market – Macro Economic Scenario
5. Global Robotic Process Automation In Healthcare Market Size and Growth
…..
32. Global Robotic Process Automation In Healthcare Market Competitive Benchmarking
33. Global Robotic Process Automation In Healthcare Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Robotic Process Automation In Healthcare Market
35. Robotic Process Automation In Healthcare Market Future Outlook and Potential Analysis
36. Appendix
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