Market Overview:
The global healthcare automation market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automation in hospitals and diagnostic centers, rising prevalence of chronic diseases, and growing investments by private players in healthcare automation. Based on type, the therapeutic automation segment is expected to account for the largest share of the global healthcare automation market in 2018. This segment is projected to grow at a CAGR of 11.1% from 2018 to 2030 due to the increasing demand for advanced technologies such as robotic surgery and image-guided therapy systems that help improve patient outcomes while reducing costs. Based on application, hospitals & diagnostic centers are expected to account for the largest share of the global healthcare automation market in 2018.
Product Definition:
Healthcare automation is the use of technology to aid or replace human tasks in healthcare. Automation can improve accuracy, efficiency, and safety while reducing costs. It is important for healthcare organizations to adopt automation in order to remain competitive and meet the needs of patients.
Therapeutic Automation:
Therapeutic automation is the use of software and algorithms for decision making in therapy. It helps to reduce the burden of data entry, improves patient care by reducing errors & provides better outcomes. The factors that propel growth include increasing adoption rate due to advantages such as reduction in medical errors, increase efficiency & effectiveness of healthcare systems and rising demand for cost-effective solutions.
Lab and Pharmacy Automation:
Lab and pharmacy automation is the integration of laboratory equipment, workstations, and storage devices with pharmacy software to provide a high throughput system. It helps in reducing the turnaround time for testing as well as inventory management. The lab automation market is expected to witness lucrative growth over the forecast period owing to increasing demand for point-of-care diagnostics coupled with rising government initiatives pertaining to patient safety & quality care.
Increasing adoption of Lab.
Application Insights:
The hospitals and diagnostic centers segment dominated the global healthcare automation market in 2017. This can be attributed to factors such as increasing demand for technologically advanced equipment, growing emphasis on reducing costs, and a surge in the adoption of automated systems for drug discovery and development. For instance, researchers at Stanford University developed an automated system that improves upon manual image analysis of chest X-rays. The new system is called Automated Detection Of Chest X-ray Analysis (ADDECA) System; it automates the process of identifying patterns in chest x-rays with a computerized machine learning technique. Such initiatives by prominent players are expected to drive growth over the forecast period.
In addition, hospitals are focusing on streamlining their processes through technological advancements so that they can focus more on patient care while reducing overall cost associated with hospitalization procedures such as admissions paperwork processing.
Regional Analysis:
North America dominated the global healthcare automation market in 2017. This can be attributed to factors such as favorable government initiatives, increasing R&D investments by pharmaceutical companies and technological advancements. For instance, in March 2018, Siemens Healthineers announced that it had developed a blood glucose monitoring system based on artificial intelligence and digital technology for people with diabetes. The new sensor is non-invasive and requires minimal user intervention while providing accurate results.
Asia Pacific region is anticipated to witness lucrative growth during the forecast period owing to rising disposable income levels coupled with growing demand for technologically advanced medical devices among patients in this region.
Growth Factors:
- Increasing demand for automation in healthcare sector to improve efficiency and productivity
- Rising prevalence of chronic diseases and increasing geriatric population
- Government initiatives to promote use of healthcare automation technologies
- Growing demand for minimally invasive surgeries and other medical procedures
- Technological advancements in healthcare automation industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Automation Market Research Report
By Type
Therapeutic Automation, Lab and Pharmacy Automation, Logistics and Training Automation, Diagnostics and Monitoring Automation
By Application
Hospitals & Diagnostic Centers, Research Laboratories & Institutes, Pharmacies, Home/Ambulatory Care Settings & Others
By Companies
Siemens, GE, Swisslog, Koninklijke Philips, Medtronic, Intuitive Surgical, Stryker, Danaher, Tecan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Automation Market Report Segments:
The global Healthcare Automation market is segmented on the basis of:
Types
Therapeutic Automation, Lab and Pharmacy Automation, Logistics and Training Automation, Diagnostics and Monitoring Automation
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals & Diagnostic Centers, Research Laboratories & Institutes, Pharmacies, Home/Ambulatory Care Settings & Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens
- GE
- Swisslog
- Koninklijke Philips
- Medtronic
- Intuitive Surgical
- Stryker
- Danaher
- Tecan
Highlights of The Healthcare Automation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Therapeutic Automation
- Lab and Pharmacy Automation
- Logistics and Training Automation
- Diagnostics and Monitoring Automation
- By Application:
- Hospitals & Diagnostic Centers
- Research Laboratories & Institutes
- Pharmacies
- Home/Ambulatory Care Settings & Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Healthcare Automation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Healthcare automation is the use of technology to improve the efficiency and effectiveness of healthcare processes. Automation can help reduce costs, improve patient care, and make it easier for doctors to diagnose and treat patients. Healthcare automation can also help hospitals manage their data more effectively, reducing administrative costs.
Some of the major companies in the healthcare automation market are Siemens, GE, Swisslog, Koninklijke Philips, Medtronic, Intuitive Surgical, Stryker, Danaher, Tecan.
The healthcare automation market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Healthcare Automation Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Healthcare Automation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Healthcare Automation Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Healthcare Automation Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Healthcare Automation Market Size & Forecast, 2020-2028
4.5.1 Healthcare Automation Market Size and Y-o-Y Growth
4.5.2 Healthcare Automation Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Therapeutic Automation
5.2.2 Lab and Pharmacy Automation
5.2.3 Logistics and Training Automation
5.2.4 Diagnostics and Monitoring Automation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals & Diagnostic Centers
6.2.2 Research Laboratories & Institutes
6.2.3 Pharmacies
6.2.4 Home/Ambulatory Care Settings & Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare Automation Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Healthcare Automation Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Therapeutic Automation
9.6.2 Lab and Pharmacy Automation
9.6.3 Logistics and Training Automation
9.6.4 Diagnostics and Monitoring Automation
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals & Diagnostic Centers
9.10.2 Research Laboratories & Institutes
9.10.3 Pharmacies
9.10.4 Home/Ambulatory Care Settings & Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Therapeutic Automation
10.6.2 Lab and Pharmacy Automation
10.6.3 Logistics and Training Automation
10.6.4 Diagnostics and Monitoring Automation
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals & Diagnostic Centers
10.10.2 Research Laboratories & Institutes
10.10.3 Pharmacies
10.10.4 Home/Ambulatory Care Settings & Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Therapeutic Automation
11.6.2 Lab and Pharmacy Automation
11.6.3 Logistics and Training Automation
11.6.4 Diagnostics and Monitoring Automation
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals & Diagnostic Centers
11.10.2 Research Laboratories & Institutes
11.10.3 Pharmacies
11.10.4 Home/Ambulatory Care Settings & Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Therapeutic Automation
12.6.2 Lab and Pharmacy Automation
12.6.3 Logistics and Training Automation
12.6.4 Diagnostics and Monitoring Automation
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals & Diagnostic Centers
12.10.2 Research Laboratories & Institutes
12.10.3 Pharmacies
12.10.4 Home/Ambulatory Care Settings & Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Therapeutic Automation
13.6.2 Lab and Pharmacy Automation
13.6.3 Logistics and Training Automation
13.6.4 Diagnostics and Monitoring Automation
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals & Diagnostic Centers
13.10.2 Research Laboratories & Institutes
13.10.3 Pharmacies
13.10.4 Home/Ambulatory Care Settings & Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Healthcare Automation Market: Competitive Dashboard
14.2 Global Healthcare Automation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 GE
14.3.3 Swisslog
14.3.4 Koninklijke Philips
14.3.5 Medtronic
14.3.6 Intuitive Surgical
14.3.7 Stryker
14.3.8 Danaher
14.3.9 Tecan
