Global Healthcare Automation Market: By Application (Lab and Pharmacy Automation, Diagnostics and Monitoring Automation, Therapeutic Automation, Logistics and Training Automation), By Distribution Channel (Hospitals, Pharmacies, Research Institutes and Labs, and Home Care), and Geography – Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global healthcare automation market was valued at US$ XX Mn in 2017 in 2017 and expected to grow at 9.0% Compound Annual Growth Rate (CAGR) from 2018 to 2024
Market Outline: Healthcare Automation Market
Automation is defined as the use of control systems and information technologies in order to reduce the need for human efforts in the production of goods and services. The healthcare industry can cut cost and improve the efficiency by automation of manual tasks. It also helps to increase the quality of patient care. The treatments are more personalized and the physicians are more available to the patients.
Market Dynamics: Healthcare Automation Market
Increase in the demand for remote monitoring and clinical care is driving the growth of the healthcare automation market. Growing demand for wearable technology, which is used for empowering patients, continuous monitoring, and collecting real-time data expected to fuel the market revenue growth. This technology is also used in tracking surgical recovery of patient’s information to physicians. The surge of internet of things is the major trend in the healthcare automation market. The automation helps to reduce the labor which is likely to enhance the growth of the healthcare automation market. The growing government support is another factor anticipated to drive the growth of the market. However, the high cost of automation is hampering the growth of the healthcare automation market.
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Market Scope: Healthcare Automation Market
Healthcare automation market is segmented based on application and end user
Based on the application, the market is segmented into the following:
- Lab and Pharmacy Automation
- Diagnostics and Monitoring Automation
- Automated imaging
- Automated image analysis
- Point-of-care testing
- Therapeutic Automation
- Non-surgical automation
- Surgical automation
- Logistics and Training Automation
Based on the distribution channel, the market is segmented into the following:
- Hospitals
- Pharmacies
- Research institutes and labs
- Home Care
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Regional Analysis: Healthcare Automation Market
Geographically, global healthcare automation market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America healthcare automation market is the largest market when compared with that of the other regional markets. The increasing healthcare expenditure is attributed for the growth of the healthcare automation market. The growing government support to the healthcare sectors is anticipated to fuel the growth of the market. Europe healthcare automation market is holding the position next to North America, owing to increasing demand for point-of-care (POC) testing. The Asia Pacific healthcare automation market expected to grow significantly over the forecasted period owing to its developing healthcare infrastructure.
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Competition Assessment: Healthcare Automation Market
Some of the players in the global healthcare automation market include:
- Intuitive Surgical, Inc. (U.S.)
- Stryker Corporation (U.S.)
- Accuray Incorporated (U.S.)
- Danaher Corporation (U.S.)
- Swisslog Holding AG (Switzerland)
- Siemens AG, (Germany)
- General Electric Company (U.S.)
- Medtronic plc. (U.S.)
- Tecan Group Ltd. (Switzerland)
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