Medical automation is the term for the technology that enables doctors to postpone making diagnoses, encourages better management of many chronic illnesses, and helps lower medical errors. Medical automation, which controls the monitoring, diagnostic, and therapeutic equipment, assists medical professionals in a variety of healthcare facilities with their primary responsive tasks. The pace of technological development in the healthcare sector has significantly accelerated over the past few years. Modern medical automation technology facilitates straightforward, painless disease management. Additionally, improvements in medical automation aid in the precise and speedy diagnosis of diseases. Medical automation innovation also contributes to the affordability of technology-based therapeutic tools used in disease treatment.
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Data Bridge Market Research analyses that the Medical Automation Market is valued at USD 44.44 billion in 2022, and will reach USD 92.26 billion by 2030, growing at a CAGR of 9.56% during the forecast period of 2023 to 2030. The increasing global population and growing prevalence of chronic diseases have resulted in a higher demand for advanced and efficient healthcare services. Medical automation technologies help in streamlining processes, reducing errors, and improving overall patient care.
Growing need for precision and personalized medicine is expected to drive the market's growth rate
The growing need for precision and personalized medicine is driven by advancements in genetic testing, molecular diagnostics, and targeted therapies. Medical automation is essential in this context as it enables high-throughput screening, DNA sequencing, and automated laboratory processes. Automating these tasks, medical automation solutions improve the efficiency and accuracy of precision medicine approaches, allowing healthcare providers to deliver personalized treatments based on a patient's unique genetic profile. This automation streamlines processes and enhances the scalability of personalized medicine, making it more accessible and effective for patients.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Equipment, Software, Services), Type (Automated Prescription Formulation and Dispensing, Automated Health Assessment and Monitoring, Automated Imaging, Automated Healthcare Logistics, Resource and Personnel Tracking, Medical Robotics and Computer-Assisted Surgical Devices, Therapeutic Automation Market, Procedures and Automated Laboratory Testing and Analysis), Application (Diagnostics and Monitoring, Therapeutics, Lab and Pharmacy Automation, Medical Logistics and Training, Others), Connectivity (Wired, Wireless), Distribution Channel (Direct Tender, Retail Sales, Online Sales, Others), End User (Hospitals, Diagnostic Center, Pharmacies, Research Labs and Institutes, Homecare, Specialty Clinics, Ambulatory Surgical Centers (ASCS), Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Brainlab AG (Germany), Abbott (U.S.), QMeds Inc. (U.S.), HollySys Group (Singapore), SP Automation & Robotics (U.K.), Asahi Kasei Medical Co., Ltd. (Japan), Asteres Inc. (U.S.), ARxIUM (Canada), MedAvail Technologies, Inc. (U.S.), Stereotaxis, Inc. (U.S.), Parata Systems, LLC (U.S.), 3M (U.S.), Accuray Incorporated (U.S.), Intuitive Surgical (U.S.), Medtronic (Ireland), Stryker (U.S.), Cardinal Health (U.S.), Omnicell, Inc. (U.S.), Leica Biosystems Nussloch GmbH (Germany), BD (U.S.), Baxter (U.S.), iCAD Inc. (U.S.), Siemens Healthcare GmbH (Germany), Koninklijke Philips N.V. (Netherlands), GE Healthcare (U.S.), Johnson & Johnson Services, Inc. (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The medical automation market is segmented on the basis of component, type, application, connectivity, end user, and distribution channel.
- On the basis of component, global medical automation market is segmented into equipment, software and services. Equipment segment is dominating the market with a CAGR of 12.1% in the forecast period of 2023 to 2030 due to growing number of hospitals, which are significantly affecting on further growing demand of equipment.
In 2023, equipment segment is dominating the component segment of the global medical automation market
In 2023, equipment segment is dominating the market owing to the increasing number of hospitals, which are significantly affecting on further growing demand of equipment with a CAGR of 12.1% in the forecast period of 2023 to 2030.
- On the basis of type, global medical automation market is segmented into automated prescription formulation and dispensing, automated health assessment and monitoring, automated imaging and image analysis, automated healthcare logistics, resource and personnel tracking, medical robotics and computer-assisted surgical devices, automated therapeutic (nonsurgical) procedures, automated laboratory testing and analysis. Automated therapeutic (nonsurgical) procedures segment is dominating the market with a CAGR of 8.5%in the forecast period of 2023 to 2030 due to the rising number of diabetic as well as cardiac patients requiring automated therapeutic devices like insulin pumps and defibrillators for their treatment.
- On the basis of application, global medical automation market is segmented into diagnostics and monitoring, therapeutics, lab and pharmacy automation, medical logistics and training and others. Therapeutics segment is dominating the market with a highest CAGR of 10.0% in the forecast period of 2023 to 2030 due to the increased demand of therapeutics interventions due to the surging cases of chronic disease and advancement in technologies.
- On the basis of connectivity, global medical automation market is segmented into wired and wireless. Wired segment is dominating the market with a CAGR of 8.2% in the forecast period of 2023 to 2030 due to the availability of broad product range in this segment.
- On the basis of end user, global medical automation market is segmented into hospitals, diagnostic center, pharmacies, research labs and institutes, homecare, specialty clinics, ambulatory surgical centers (ASCs). Hospitals segment is dominating the market with a CAGR of 11.7% in the forecast period of 2023 to 2030 due to the prime location visited by patients for diagnosis and treatment of any chronic disease or emergency case.
In 2023, hospitals segment is dominating the end user of the global medical automation market
In 2023, hospitals segment is dominating the end use segment of the global medical automation market owing to their comprehensive range of medical services and the ability to cater to a wide range of patient needs. Diagnostic centers and research labs/institutes may also have a substantial share due to the demand for diagnostic testing and medical research with a CAGR of 11.7% in the forecast period of 2023 to 2030
- On the basis of distribution channel, global medical automation market is segmented into direct tender, retail sales, online sales and others. Direct tender segment is dominating the market with a CAGR of 10.8% in the forecast period of 2023 to 2030 due to growing demand from hospitals and laboratories.
Major Players
Data Bridge Market Research recognizes the following companies as the major medical automation market players in medical automation market are Brainlab AG (Germany), Abbott (U.S.), QMeds Inc. (U.S.), HollySys Group (Singapore), SP Automation & Robotics (U.K.), Asahi Kasei Medical Co., Ltd. (Japan), Asteres Inc. (U.S.), ARxIUM (Canada), MedAvail Technologies, Inc. (U.S.), Stereotaxis, Inc. (U.S.)
Market Development
- In 2023, Stryker Corporation launched the "Mako SmartRobotics™ System," an advanced surgical robotic platform that enables precise and minimally invasive joint replacement surgeries, enhancing accuracy and patient outcomes.
- In 2022, Becton, Dickinson and Company, a provider of medical technology, recently announced the acquisition of Parata Systems for $1.5 billion. Arata Systems provides inventory management software, high-speed robotic dispensers, workflow and conformance packaging tools, and more.
- In 2021, Varian Medical Systems, Inc. was purchased by Siemens Healthineers Gmbh. The former gains greater access to the latter's extensive portfolio while strengthening its position in the medical technology sector to this German medical device company.
- In 2020, the Indian Radiological and Imaging Association, Siemens Healthcare GmbH unveiled the ACUSON Redwood Ultrasound System. The device is a part of the company's new platform base, which has more complex applications for higher clinical assurance. This product launch is expected to enhance the company's product line and growth rate.
- In 2000, the da Vinci surgery system marked the beginning by becoming the first FDA-approved robotic surgery system for general laparoscopic surgery. This was the first time a comprehensive system of surgical instruments and camera/scopic utensils was approved by the FDA.
Regional Analysis
Geographically, the countries covered in the medical automation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Europe is the dominating the region in medical automation market during the forecast period 2023 - 2030
Germany's dominance in the European medical automation market can be attributed to its rapid technological advancements. The country has a strong focus on innovation and research, which has resulted in the development of cutting-edge technologies and solutions for healthcare automation. Germany's robust healthcare infrastructure and emphasis on digitalization have further propelled the adoption of medical automation. The country's commitment to technological advancement, combined with its high-quality healthcare system, positions Germany as a leader in the European medical automation market.
North America is estimated to be the fastest growing region in medical automation market the forecast period 2023 - 2030
The dominance of the U.S. in the North American market can be attributed to multiple factors. Firstly, the increasing elderly population and the rising demand for automated devices from healthcare institutions drive the market growth. Secondly, the U.S. is known for its advancements in the medical and information technology sectors, which contribute to the development and adoption of medical automation solutions. These factors position the U.S. as a leader in the market, catering to the evolving needs of the healthcare industry.
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