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Medical Automation Market

Medical Automation Market Analysis by End Use (Pharmacies, Research Laboratories & Institutes, Hospital and Diagnostic Centres, Home/ Ambulatory, and Others), by Application (Therapeutic Automation, Medical Automation, Lab & Pharmacy Automation, and Others), & Region - Forecast to 2022-2032

Market Insights on Medical Automation covering sales outlook, demand forecast & up-to-date key trends

Medical Automation Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025 Overview

The medical automation market is increasing steadily at a moderate CAGR of 5.2% during 2022-2032.

“The successful integration of automated patient monitoring systems in the hospitals and medical institutes is likely to improve the growth rate of the market.”

Automation is a term referred for the usage of control systems and software to independently operate and monitor a mechanized system of various industrial processes (medical, chemical, textile, automotive, food & processing and others). Automated delivery of medical practices can help reduce errors, contain cost and streamline the process with improved outcomes.

Attributes

Details

Medical Automation Market Value in 2020

US$ 42 Bn

Medical Automation Market CAGR (2022-2032)

5.2%

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How is the Medical Automation Market Segmented?

“The growth of the medical automation market would be fuelled by increasing usage of point of care testing devices such as HIV test kits, digital blood pressure monitors, and pregnancy test kits.”

The rising demand for accuracy and reliability in medical procedures, increasing government investments, rising labour cost are the various reasons which are likely to propel the market for medical automation.

The medical automation market can be broadly segmented on the basis of application, end-users and geography. The application segment is further subdivided into therapeutic automation market, medical automation market and lab & pharmacy automation market.

The medical automation market can be categorized on the basis of automated imaging, automated image analysis and point of care testing market. Automated radiography, automated microscopy, capsule endoscopy and automated fluoroscopy are the major segments which can be covered under automated imaging market. The therapeutic application market can be further sub-divided into various segments namely non-surgical automation and surgical automation.

Defibrillators and automated medication systems are the two segments that can be covered under non-surgical automation. Defibrillators market can be further identified on the basis of automated external defibrillators, wearable defibrillators and implantable cardioverter defibrillator.

Similarly, implantable drug pumps and wearable drug pumps can be categorized under automated medication systems. Surgical automation market can be further studied on the basis of surgical robots (Da Vinci, Cyberknife, renaissance and others), intraoperative imaging (ICT scanners, MRI, and IOUS), surgical navigation, intelligent operating rooms and surgical simulators. 

Lab & pharmacy automation market can be identified on the basis of lab automation market and pharmacy automation market. Lab automation market includes micro plate readers, liquid handling, automated storage and retrieval systems, stand-alone robots and software and informatics systems.

The pharmacy automation market is further subdivided into automated medication dispensing systems, automated medication compounding systems and automated packaging and labelling systems.

On the basis of end users medical automation market can be classified as pharmacies, research laboratories & institutes, hospital and diagnostic centres and home/ ambulatory and others. However, strict government regulation for medical device manufacturers globally is likely to hinder the growth of this market.

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What is the Regional Outlook in the Medical Automation Market?

“Collaboration among the key players and increased investments by the venture capitalists are some of the reasons which have augmented the demand for medical automation in the North America and European region.”

Geographically, currently North America accounts for the largest share of the medical automation market followed by the European region. The dominance of these regions in this market is seen due to growing government investments and funding.

In the U.S market medical automation in therapy segment accounts for the largest share of the market followed by diagnostics & monitoring and logistics & training.

Asia-Pacific region is expected to show healthy growth in the near future majorly in India, China, Taiwan and Japan. The reason behind an expansion would be rapid decline in the number of rural labour, increasing government investments towards automation and economic developments. Additionally, growing demand for automation in the research laboratories is further propelling the growth of this industry.

Major players operating in medical automation market includes Accuray, Inc., Beckman Coulter, Inc., Asahi Kasei Corp, CAE, Ltd, Carefusion Corp, GE Healthcare, Lifescan, Inc., Medtronic, Inc., Intuitive Surgical Inc., Omnicell, Inc, Roche Holding AG, Philips Healthcare, Siemens Healthcare, St. Jude Medical, Inc., Stanley Black and Decker, Inc, Swisslog Holdings AG, Stryker Corporation, Simsurgery As, Parata Systems LLC, and others.

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Key Segments

Attributes

Details

Forecast Period

2022-2032

Historical Data Available for

2015-2020

Market Analysis

US$ Bn for Value

By End Use

  • Pharmacies
  • Research Laboratories & Institutes
  • Hospital and Diagnostic Centres
  • Home/Ambulatory
  • Others

By Application

  • Therapeutic Automation
  • Medical Automation
  • Lab & Pharmacy Automation
  • Others

By Region

  • North America
  • Latin America
  • Asia Pacific
  • Japan
  • Western Europe
  • Eastern Europe
  • Middle East & Africa

Key Players

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

Frequently Asked Questions

The medical automation market is anticipated to register a CAGR of 5.2% during the forecast period of 2022-2032.

The medical automation system is projected to be valued at US$ 80 Bn by the end of forecast period.

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Medical Automation Market