The global medical automation market is estimated to secure a valuation of US$ 48,626.2 million in 2023 and reach up to US$ 103,052.3 million by 2033. The global market is likely to capture a CAGR of 7.8% in the global market during the forecast period.
| Attributes | Details |
|---|---|
| Medical Automation Market Size, 2023 | US$ 48,626.2 million |
| Medical Automation Market Size, 2033 | US$ 103,052.3 million |
| Value-based CAGR from 2023 to 2033 | 7.8% |
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Efficiency and Productivity: The increasing demand for improved productivity, reduced human error, and additional costs are increasing the adoption of medical automation. Healthcare providers save time and improve efficiency by accelerating the demand for medical automation.
Improve Patient Care: The increasing adoption of medical automation enhances patient care with timely diagnostics, accurate results, and medication management. These medical automation improve patient outcomes by healthcare providers.
Technological Advancements: Rapidly growing advanced technologies such as robotics, the Internet of Things, and artificial intelligence are offering cost-effective solutions by implementing automation in healthcare settings.
Data Management: Medical automation is managing patients' data in the healthcare sector on a vast amount. These medical automations are widely used in data analytics to enable better decisions and effective results for patients' requirements.
Patient Demand: Patients are accelerating the demand for medical automation due to convenient and digital healthcare services to enhance their experiences.
Regulatory Support: The regulatory bodies and governments in several countries are creating policies to promote medical automation with stringent regulations. They invest, fund, and grow awareness to adopt these automation services globally.
Research and Development: The rising innovations and advanced medical automation through research and development activities are fueling the market size.
Cost of Implementation: The increasing adoption of medical automation can be costly. The wide range of integration of automation technologies can face challenges for healthcare organizations.
Integration with Existing Systems: The ongoing technologies and adoption of medical automation may face challenges in integrating with existing systems.
Data Security and Privacy Concerns: Patients' healthcare data records are sensitive and require privacy, and strict security measures are accelerating the demand for medical automation.
Lack of Standardization: The rising interoperability and difficulty in seamless communication are hindering the adoption of medical automation.
Legal Issues: The rising legal and ethical issues, such as the lack of lawful acts and regulations, may decline the market growth.
Limited Access to Technology: Lack of internet connectivity and technological infrastructure can hinder the adoption of telemedicine.
Principal Consultant
The global market grew steadily, with a valuation of US$ 27,202.6 million in 2028 and US$ 44,464.3 million in 2022. The global market secured a CAGR of 9.4% between 2018 and 2022.
The growing adoption of automated medical devices integrated with automation in healthcare is enhancing patient outcomes with FDA regulations and policies. Artificial intelligence is widely integrated with accountability, medical automation, and discussions on liability to enhance transparency among patients.
In the historical period, the United States changed regulation practices and licensing for telemedicine across borders due to legal issues. Ongoing advanced medical technologies with smart sensor devices are further surging the demand for medical automation.
Key companies and medical institutions are collecting funds for developing medical automation systems for transparent processing, high speed, and cost reduction processes. On the flip side, the rising point-of-care testing devices for blood pressure, HIV, and blood glucose levels are increasing the adoption of medical automation.
| Country/Region | Current Market Share (2023) |
|---|---|
| North America | 41.1% |
| Europe | 24.2% |
| United States | 39.3% |
| Germany | 3.6% |
| Japan | 5.1% |
| Country | Forecast CAGR Between 2023 to 2033 |
|---|---|
| Australia | 8.6% |
| China | 10.1% |
| India | 11.7% |
| United Kingdom | 4.7% |
The United States is anticipated to secure a maximum share of the global market during the forecast period. The growing technologies, innovations, and robust ecosystems in technical companies are increasing the demand for medical automation. A vast healthcare infrastructure and easy-to-integrate technologies such as automation are fueling the United States medical automation market.
The USA Food & Drug Administration offers clear regulations on automation systems by ensuring safety and promoting innovations. The growing aging population is accelerating the demand for medical automation to enhance their needs. On the other hand, the popularity of telemedicine for consulting patients with remote monitoring and better health services is driving the United States market.
Germany is significantly securing a relevant share in the global market during the forecast period. Germany is a hub of medical automation and advanced healthcare technologies that enhance their production as per patients' needs. A top-notch quality of services in the healthcare sector is likely to increase the adoption of medical automation to treat diagnostics.
Germany has offered highly standardized regulations to develop medical automation to ensure patients' safety and reduce toxic environments. The growing research activities and collecting funds and investment are significantly capturing a vast revenue in the country.
Japan is estimated to register a better share of the global market during the forecast period. The growing elderly population is increasing the demand for medical automation for elder care in the healthcare sector. Japan is highly advanced in technologies and is rapidly focused on automation and robotic services in healthcare facilities.
Government initiatives, plans, and policies to support healthcare services with technology and innovations are expanding Japan's medical automation market. The growing focus on personalized medicine is increasing the adoption of medical automation for a patient's treatment plan. Japan exports a vast amount of medical services and devices, capturing a robust market revenue.
India is estimated to secure a CAGR of 11.7% in the global market during the forecast period. Growing rapid expansion in healthcare facilities is surging the demand for medical automation for patients' desires. The popularity of digital healthcare services and remote health monitoring are increasing the adoption of medical automation in the country.
Indian government initiatives programs to promote digital health solutions such as Digital India and Make in India. Healthcare manufacturers are developing affordable and accessible medical automation to boost demand in the healthcare sector. Rising start-up companies are contributing a crucial role to the boom in India's medical automation market.
China is anticipated to register a CAGR of 10.1% in the global market during the forecast period. The increasing production process and manufacturing of devices with advanced technologies are accelerating the demand for medical automation. Rising vast export of automated medical devices with automation technology to expand the China medical automation market size.
Rapid urbanization and advanced healthcare infrastructure are improving operational efficiency, and patient care is increasing the demand for medical automation. Key companies are collaborating with research institutes to innovate automated medical devices that satisfy patients' desires. China is rapidly increasing its production process of medical automation to enhance patients' surgery and decide treatment plans.
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Based on application, laboratories, and pharmacies are likely to lead the global market by registering a share of 58.8% by 2033. The increasing demand for improved efficiency, patient care, and accuracy is increasing the adoption of medical automation. Laboratories and pharmacies offer accuracy in processes to handle tasks such as reducing margin error and sample processing.
The rapidly rising automation in laboratories and pharmacies is enhancing efficient workflow, fast testing, and quick medication dispensing. The adoption of medical automation reduces labor costs and time-consuming processes on complex tasks. These medical automation reduce medication risks and promote patient safety by ensuring the right dosage and medications.
Manufacturers offer customized and advanced robotic systems for sample handling in laboratories and pharmacies to meet patients' needs. On the other hand, pharmaceutical companies are playing a crucial role in manufacturing and packaging drugs, which are fueling the medical automation market growth.
Based on end users, hospitals are anticipated to lead the global market by registering a share of 49.2% during the forecast period. Hospitals offer a wide range of services to improve patient outcomes. Hospitals are at the forefront of the healthcare sector that delivers streamlined operations and improves patient efficiency.
Hospital automation systems manage patients' billing, appointments, scheduling, and inventory management are increasing the adoption of medical automation. This automation focus on clinical care, accurate diagnosis, and imaging equipment, including CT scanners and MRI machines, are gaining huge popularity in hospitals. Hospitals widely prefer robotic surgery for patients' fast recovery, and enhanced surgical procedures are raising the demand for medical automation.
Healthcare professionals are monitoring patients' vital signs in real-time data, which is significantly expanding the global medical automation market size. Increasing supply chain management on a timely basis to reduce waste and enhance cost-effective solutions is upsurging the market growth. Patients prefer to visit hospitals due to the wide range of automation and comfortable services. Hospitals are offering medical education, clinical trials, and laboratory research to expand the medical automation industry.
The global medical automation market is highly competitive by present essential players that significantly invest in research and development. These players are contributing a key role in the market by innovating products and fulfilling end users' requirements. Key players actively participate to add value to the global market with their unique ideas, skills, and tactics.
Key players adopt various marketing methodologies, including mergers, acquisitions, product launches, partnerships, and agreements. These players are likely to fuel the healthcare sector upwards in the coming years due to their innovation and advanced technology integration with automated medical devices.
Recent Developments in the Medical Automation Market
In 2022, Becton, Dickson, and Company announced its acquisition of Parata Systems. This acquisition took place for US$ 1.5 billion for automation products in pharmacies including robotic dispensers, adherence packaging tools inventory management, and medical automation. The company took acquisition with Parata Systems to enhance pharmacies for people’s well-being.
In 2021, Siemens Healthineers AG announced its acquisition of Varian Medical Systems, Inc. This acquisition took place to strengthen the MedTech industry and enhance the company’s portfolio.
The medical automation market is estimated to secure a valuation of US$ 48,626.2 million in 2023.
The United States is the biggest market for medical automation.
The medical automation market is likely to capture a CAGR of 7.8% in 2023.
The rising adoption of robotic and advanced technology devices.
Medtronic Plc and GE Healthcare are the key players in the medical automation market.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market 2018 to 2022 and Forecast 2023 to 2033, By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033
5.3.1. Imaging
5.3.2. Therapeutic
5.3.3. laboratory and pharmacy
5.3.4. Medical Software
5.3.5. Informatics
5.3.6. logistics
5.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
6. Global Market 2018 to 2022 and Forecast 2023 to 2033, By End Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By End Use, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End Use, 2023 to 2033
6.3.1. Hospital and diagnostic center
6.3.2. Research laboratories & institutes
6.3.3. Pharmacies
6.3.4. Others
6.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033
7. Global Market 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Application
8.2.3. By End Use
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Application
8.3.3. By End Use
8.4. Key Takeaways
9. Latin America Market 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Application
9.2.3. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Application
9.3.3. By End Use
9.4. Key Takeaways
10. Western Europe Market 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Application
10.2.3. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Application
10.3.3. By End Use
10.4. Key Takeaways
11. Eastern Europe Market 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Application
11.2.3. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Application
11.3.3. By End Use
11.4. Key Takeaways
12. South Asia and Pacific Market 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Application
12.2.3. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Application
12.3.3. By End Use
12.4. Key Takeaways
13. East Asia Market 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Application
13.2.3. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Application
13.3.3. By End Use
13.4. Key Takeaways
14. Middle East and Africa Market 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Application
14.2.3. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Application
14.3.3. By End Use
14.4. Key Takeaways
15. Key Countries Market
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Application
15.1.2.2. By End Use
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Application
15.2.2.2. By End Use
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Application
15.3.2.2. By End Use
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Application
15.4.2.2. By End Use
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Application
15.5.2.2. By End Use
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Application
15.6.2.2. By End Use
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Application
15.7.2.2. By End Use
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Application
15.8.2.2. By End Use
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Application
15.9.2.2. By End Use
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Application
15.10.2.2. By End Use
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Application
15.11.2.2. By End Use
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Application
15.12.2.2. By End Use
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Application
15.13.2.2. By End Use
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Application
15.14.2.2. By End Use
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Application
15.15.2.2. By End Use
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Application
15.16.2.2. By End Use
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Application
15.17.2.2. By End Use
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Application
15.18.2.2. By End Use
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Application
15.19.2.2. By End Use
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Application
15.20.2.2. By End Use
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2022
15.21.2.1. By Application
15.21.2.2. By End Use
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2022
15.22.2.1. By Application
15.22.2.2. By End Use
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2022
15.23.2.1. By Application
15.23.2.2. By End Use
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Application
16.3.3. By End Use
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Accuray, Inc.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. Tecan Group Ltd.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Medtronic Plc.
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Swisslog Holding AG
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. GE Healthcare
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Intuitive Surgical, Inc.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Stryker Corporation
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. Siemens AG
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. Koninklijke Philips N.V.
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. Danaher Corporation
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.11. Zimmer Biomet
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Medical Automation Market
