Major players in the healthcare automation market are Siemens AG, Koninklijke Philips NV, Medtronic plc, Intuitive Surgical Inc., Stryker Corporation, General Electric Company, Danaher Corporation, Swisslog Holding AG, Accuray Inc.
New York, November 24, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces the Release of “Healthcare Automation Global Market Report 2022: Ukraine-Russia War Impact” – https://www.reportlinker.com/p06365024/ ? utm_source=GNW
Tecan Group Ltd., Philips NV, Aetna Inc., Allscripts Healthcare Solutions, Cerner Corporation, Cigna Corporation, OptumHealth, Oracle Corporation, International Business Machines Corporation, Verisk Analytics Inc., MedeAnalytics, McKesson Corporation, Truven Health Analytics, UnitedHealth Group Incorporated, Becton, Dickinson and Company and 3M Company.
The global healthcare automation market is expected to grow from USD 50.72 billion in 2021 to USD 56.89 billion in 2022 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war has halted chances for a global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries led to economic sanctions in several countries, increase in commodity prices and supply chain disruptions, affecting many markets across the world. The healthcare automation market is expected to grow to $81.62 billion in 2026 at a CAGR of 9.4%.
The healthcare automation market consists of sales of healthcare automation services by entities (organizations, individual merchants, and partnerships) that are used to improve patient outcomes by enabling technology developments, streamlining operations, and automation. Healthcare automation refers to the use of various modern tools and software that increase efficiency in providing medical services that help monitor patient safety, security and health status.
The main components of healthcare automation are equipment, software and services. The various applications include therapeutic automation, laboratory and pharmacy automation, logistics and training automation, diagnostic and monitoring automation, among others.
Therapeutic automation in the healthcare automation market refers to digital therapy systems that are software-based products for preventing, managing, and treating health problems. It is employed in pharmacies, research institutes and laboratories, home care and other end users.
North America was the largest region of the Healthcare Automation market in 2021. Regions covered in the Healthcare Automation Market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
An increase in automation adoption is contributing to the growth of the healthcare automation market. Automation adoption refers to the adoption of cutting-edge solutions in healthcare facilities.
Healthcare facilities are embracing healthcare automation to improve overall work efficiency and streamline different activities. $122 billion as a result of automation and could save an additional $16 billion by fully automating some routine processes.
Additionally, according to Flobotics, a US-based software development company, 30% of the healthcare industry is considering implementing Robotic Process Automation (RPA) solutions in their business. Therefore, the increased adoption of automation is expected to drive the growth of the healthcare automation market in the coming years.
The adoption of artificial intelligence (AI) has emerged as the main trend gaining significant popularity in the healthcare automation market. Major players operating in the healthcare automation industry are focusing their efforts on implementing AI in healthcare to help healthcare professionals in various aspects of patient care and administrative operations.
For example, in May 2020, Mount Sinai Health System, a US-based hospital chain, used artificial intelligence (AI) in conjunction with clinical data and imaging to study patients with COVID-19. They created a special algorithm that can quickly identify COVID-19 based on the appearance of lung disease on computed tomography (CT) scans of the chest and patient data including symptoms, age, blood tests and possible interaction with the virus.
In April 2021, Siemens Healthineers AG, a medical device company based in Germany, acquired Varian Medical Systems Inc. The acquisition was aimed at strengthening a strategic partnership between Varian and Siemens Healthineers, which established a digital, diagnostic and therapeutic ecosystem, including treatment management. Varian Medical Systems Inc. is a US-based radiation oncology treatment and software company that operates in healthcare automation.
Countries covered in the Health Automation Market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The Healthcare Automation Market Research Report is one of a series of new reports providing statistics of the Healthcare Automation Market, including Global Healthcare Automation Industry Market Size, Regional Shares, Competitors with Healthcare Automation Market Share healthcare automation, detailed healthcare automation market segments, market trends and opportunities, and any other data you may need to thrive in the healthcare automation industry. This healthcare automation market research report provides a complete perspective of everything you need, with an in-depth analysis of current and future industry scenarios.
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