Global Medical Automation Market – Industry Trends and Forecast to 2030

Global Medical Automation Market, By 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) – Industry Trends and Forecast to 2030.

Medical Automation Market Analysis and Size

Medical automation refers to the technology that helps reduce medical errors, encourages better management of many chronic illnesses, and allows medical professionals to delay prognosis. Healthcare professionals in various healthcare facilities are assisted in their primary responsive tasks by medical automation, which manages the monitoring, diagnostic, and therapeutic equipment. Since the last few years, the pace of technological advancement in the healthcare industry has dramatically increased. Medical automation technology advancements support simple, painless treatment during disease management. Additionally, advancements in medical automation help diagnose diseases accurately and quickly. In addition to providing cost-effectiveness of technology-based therapeutic tools during disease treatment, medical automation innovation also does so.

Data Bridge Market Research analyses that the medical automation market, valued at USD 44.44 billion in 2022, will reach USD 92.26 billion by 2030, growing at a CAGR of 9.56% during the forecast period of 2023 to 2030.  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.

Medical Automation Market Scope and Segmentation      

Market Definition

A technological system that automates some aspects of the workflows at healthcare organizations is referred to as a healthcare automation solution. Both clinical and non-clinical administrative tasks, such as billing, filing claims, making appointments, etc., fall under this category. By supporting technological developments and streamlining processes, automation helps to improve patient outcomes. Currently, text messages reminding patients of upcoming appointments are typical examples of healthcare automation.

Medical Automation Market Dynamics

Drivers

• Rising demand for surgical procedures drives the market

Patients undergo surgery to remove sick organs, treat wounds, get back to normal, reconstruct anatomical body parts, and more. Surgery can be done in a variety of ways. As the need for surgical procedures increases, so will the demand for automated medical devices. Surgical robots are service robots that assist surgeons during operations, now known as robot-assisted surgery (RAS) procedures. Not all surgical robots used in surgery are robots.  Current surgeries use medical devices that fall under the definition of robots, such as robot-shaped operating tables or robotized microscopes.

• Increasing investment of medical  automation can surge the market growth

Healthcare automation offers modern approaches to material handling, logistics, and hospital pharmacy automation. Labs and research facilities worldwide invest in healthcare automation to streamline procedures and boost overall work productivity. Increased automation adoption by pharmacies, labs, and research centers is anticipated to propel market growth over the forecast period. It enables research institutes to increase overall productivity in healthcare facilities, enhance experimental data quality, and shorten lab process cycle times.

Opportunities

• Growing support for healthcare organizations creates lucrative opportunities to grow

Government agencies like the Medicines and Healthcare Products Regulatory Agency are necessary for approving pharmacy automation systems and other devices in accordance with European standards, which is anticipated to create growth opportunities for this regional market in the coming years. As a result, it is anticipated that a rise in government and healthcare organizations' support for disease prevention will present a growth opportunity for the medical automation market during the forecast period.

• Rising chronic diseases create expansion

Chronic diseases are becoming more common, and automated diagnostic and therapeutic equipment is being used more frequently, which is driving market expansion. The increase in chronic diseases like bladder cancer, prostate cancer, and urinary blockages, among others.  According to the World Health Organization (WHO), chronic illnesses account for about 60% of all fatalities and are one of the main causes of death globally. Cancer, a stroke, heart disease, diabetes, and respiratory issues are some of these conditions. Additionally, according to NCBI, 40.5% of Americans will have one or more cardiovascular disorders by 2030, expanding the market for this sector.

Restraints/Challenges.

• Lack of skills can impede the market

Employees might need extensive training to properly program automated dispensing machines because they are not proficient with computers. If the operator is not adequately trained in infusion device technology, a patient could receive the wrong medication or dose at the wrong time. This will reduce the demand for and use of medical automation, impeding the market..

• Expert shortages and high installation costs will limit market expansion

A few of the key factors impeding the growth of the global healthcare automation market in terms of value sales include the high cost of healthcare automation installation and maintenance as well as security and privacy concerns. Additionally, the limited configurability of healthcare automation is a factor that is likely to impede the spread of these systems throughout the world in the coming year. Furthermore, the lack of highly qualified professionals will probably hinder the development and application of the innovative technology.

This medical automation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In 2022, A medical technology company called Becton, Dickinson, and Company recently announced the acquisition of Parata Systems for $1.5 billion. Arata Systems offers workflow and conformance packaging tools, high-speed robotic dispensers, inventory management software, and more. Bedcton, Dickinson was purchased to operate pharmacies to improve people's lives.
• In 2021, Siemens Healthineers Gmbh acquired varian medical systems, inc. This German medical device company strengthens the former's position in the Med Tech industry while granting it greater access to the latter's extensive portfolio.
• In 2020, The ACUSON Redwood Ultrasound System was introduced by Siemens Healthcare GmbH at IRIA 2020, the Indian Radiological and Imaging Association. The system is a piece of equipment on the business's new platform base, which includes more sophisticated applications for greater clinical assurance. The company's product portfolio and growth rate are anticipated to benefit from this product launch.

Global Medical Automation Market Scope

The medical automation market is segmented on the basis of component, type, application, connectivity, distribution channel, end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Equipment
• Capital Equipment
• Consumables
• Software
• Services

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

Application

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

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

Medical Automation Market Regional Analysis/Insights

The medical automation market is analysed and market size insights and trends are provided by country, component, type, application, connectivity, distribution channel, end user as referenced above.

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.

The U.S. in North America will dominate the market due to the rising use of the elderly population and rising demand from healthcare institutions for automated devices. Additionally, this can be attributed to the region's ongoing advancements in the medical and information technology sectors.

Germany is dominating in Europe medical automation market due to the COVID-19 pandemic outbreak and the country's rapid technological advancement.

China is dominating in Asia-Pacific medical automation market due to the increase in healthcare spending and per capita income. Additionally, this is due to the expansion of medical infrastructure, rising consumer awareness, and expanding use of automated technology in the medical sector in nations like China, India, and others.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Medical Automation Market Share Analysis

The medical automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to medical automation market.

Some of the major players operating in the 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.)
• 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.)