Medical Automation Market Trend, Share, Growth, Size and Forecast 2032

The global Medical Automation market size accrued earnings worth approximately USD 47.87 Billion in 2023 and is predicted to gain revenue of about USD 99.42 Billion by 2032, is set to record a CAGR of nearly 8.46% over the period from 2024 to 2032.

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Global Medical Automation Market: Overview

The term automation refers to use the software and control systems independently and helps in monitoring a mechanized system for the various industrial processes. The automated delivery of the medical practices helps in reducing the cost, errors and helps to streamline the processes with the outcomes that are far better. The increasing demand for reliable and accurate medical procedures, increasing labor cost, and the increasing investments by the government are contributing to the market growth.

Global Medical Automation Market: Growth Factors

The medical automation market is a growing market owing to factors such as increasing demand for reliability and accuracy in medical procedures, technological advancements, increasing investments made by the government, rising labor costs, growing global prevalence of chronic conditions and growing application of point of care testing devices such as pregnancy test kit, HIV test kits and others. The automation of pharmacies and laboratories can provide various benefits such as minimization of errors, cost savings, reliability, and speed. This will exert a positive impact on the medical automation market. However, there are certain restraining factors to the market, which include globally applicable strict government regulation for the manufacturers of medical device and cost issues.

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Medical Automation Market: Report Scope

Global Medical Automation Market: Segmentation

The medical automation market is globally segmented into its application, end use, and regions. On the basis of application, the global automation market is segregated into diagnostic and monitoring automation, lab and pharmacy automation, therapeutic automation and medical logistics and training. Based on the end user, the market is categorized into research laboratories & institutes, home & ambulatory care, hospitals & diagnostic centers, and pharmacies.

Global Medical Automation Market: Regional Analysis

Region-wise, the medical automation market is diversified into regions such as North America, Asia-Pacific, Europe, and Rest of the World. The region that holds the largest market share in the medical automation market is the North America. North America is followed by Europe and Asia-Pacific region. The primary factor that contributes to the market growth is the increasing investments and funding that are initiated by the government. In the North American region, the US accounts for the largest market share in the medical automation market. It is due to the reason that the therapy segment accounts for the maximum revenue share in the US market followed by monitoring and diagnostics and training and logistics.

The Asia Pacific region shows a healthy market growth in the future owing to the developments that are made in the developing regions such as China, Japan, Taiwan, and India. The factors that attribute to this growth is the drop in the number of labor, the rise in the investments made by the government.

Global Medical Automation Market: Competitive Players

The major market players in the medical automation market include

• Accuray Inc.
• Asahi Kasei Corp.
• GE Healthcare
• Medtronic Inc.
• Omnicell Inc.
• Philips Healthcare
• St. Jude Medical Inc.
• Swisslog Holdings AG
• Simsurgery AS
• Beckman Coulter Inc.
• CAE Ltd.
• Carefusion Corp.
• Lifescan Inc.
• Intuitive Surgical Inc.
• Roche Holding AG
• Siemens Healthcare
• Stanley Black and Decker Inc.
• Stryker Corporation
• and Parata Systems LLC.

Global Medical Automation Market: Segment Analysis

By Component

• Equipment
• Capital Equipment
• Consumables
• Software
• Services

By Type

• Automated Prescription Formulation and Dispensing
• Automated Health Assessment and Monitoring
• Automated Imaging
• Integrated Image Analysis software systems
• Medical Intraoperative Imaging
• iCT
• iUltrasound
• iMRI
• C-Arm System
• Automated Healthcare Logistics
• Resource and Personnel Tracking
• Medical Robotics and Computer-Assisted Surgical Devices
• Software and Informatics
• Logistics Automation
• Hospital/Staff/Patient Tracking Systems Automated Liquid Handing
• Radiofrequency Identification
• Real-time Location Systems
• Automated Hospital Pickup and Delivery
• Pneumatic Tube Systems (PTS)
• Automated Guided Vehicles (AGV)
• Therapeutic Automation Market
• Nonsurgical Automation market
• Defibrillators
• Implantable Cardioverter Defibrillators (ICD)
• Automated External (Portable) Defibrillators
• Wearable Cardioverter Defibrillators
• Electronic Drug Delivery Systems
• Surgical Automation market
• Surgical Robotic Device
• Intelligent Operating Rooms
• Surgical Simulators
• Procedures and Automated Laboratory Testing and Analysis
• Laboratory Automation Market
• Total Automation
• Inclusive of Pre-Analysis
• Transport Mechanisms
• Liquid Handling
• Sample Storage
• Analysis
• Modular Automation Systems
• Inclusive of Specimen Acquisition and Identification and Labelling
• Transport Mechanisms
• Sample Preparation
• Sample Loading and Aspiration
• Reagent Handling and Storage
• Sample Analysis and Measurements
• Microplate Readers and Standalone Robots
• Pharmacy Automation Market

By Application

• Diagnostics and Monitoring
• Therapeutics
• Lab and Pharmacy Automation
• Medical Logistics and Training
• Others
• Large-Joint Replacement
• Spinal Fusion

By Connectivity

• Wired
• Wireless

By Distribution Channel

• Direct Tender
• Retail Sales
• Online Sales
• Others

By End User

• Hospitals
• Diagnostic Center
• Pharmacies
• Research Labs and Institutes
• Homecare
• Specialty Clinics
• Ambulatory Surgical Centers (ASCS)
• Others

By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.