What is the global market size of Medical Automation Technologies Market?

Medical Automation Technologies Market size was valued at USD 5.24 billion in 2021 and is poised to grow from USD 5.66 billion in 2022 to USD 10.49 billion by 2030, growing at a CAGR of 8.02% in the forecast period (2023-2030).

Global Medical Automation Technologies Market

Medical Automation Technologies Market Size, Share, Growth Analysis, By Type(Diagnostic & Monitoring Operations, Therapeutic Automation, Lab & Pharmacy Automation, and Home Healthcare Automation.), By Application(Imaging and radiology, Clinical Chemistry analysis, Vital signs monitoring, Surgery and Rehabilitation.), By End-use(Hospitals & Diagnostics Centres, Research Institute & Labs, Homecare Settings.), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35G2173 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 92 | Figures: 76

Medical Automation Technologies Market Regional Insights

The most dominant region in the global medical automation technologies market is North America. This region has a well-established healthcare system and a high adoption rate of advanced medical technologies. The presence of major healthcare companies, research institutions, and academic centres contribute to the dominance of North America in this market. Additionally, favourable reimbursement policies, government initiatives, and a strong focus on healthcare innovation drive the demand for medical automation technologies in the region.

On the other hand, the fastest-growing region in the global medical automation technologies market is Asia-Pacific. This region is witnessing rapid economic growth, increasing healthcare expenditure, and a growing ageing population. Countries such as China, Japan, and India are investing significantly in upgrading their healthcare infrastructure and adopting advanced medical technologies. Moreover, the rising demand for efficient healthcare delivery, improved patient outcomes, and the need to address the healthcare challenges in densely populated countries contribute to the fast growth of the medical automation technologies market in Asia-Pacific.

Medical Automation Technologies Market Report Snapshots

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Medical Automation Technologies Market size was valued at USD 5.66 billion in 2022 and is poised to grow from USD 6.11 billion in 2023 to USD 11.33 billion by 2031, growing at a CAGR of 8.02% during the forecast period (2024-2031).

The global medical automation technologies market is characterised by intense competition and a diverse range of players operating across different segments. This market encompasses various automation technologies designed to streamline processes, improve efficiency, and enhance patient care in the healthcare industry. While numerous companies are active in this sector, the competitive landscape can be broadly categorised into several key players and emerging players. 'BD (US)', 'Omnicell, Inc. (US)', 'McKesson Corporation (US)', 'Cerner Corporation (US)', 'Siemens Healthineers (Germany)', 'Capsa Healthcare (US)', 'Baxter International Inc. (US)', 'Swisslog Healthcare (Switzerland)', 'Talyst, LLC (US)', 'ScriptPro LLC (US)', 'Omnicare, Inc. (US)', 'Parata Systems (US)', 'Yuyama Co., Ltd. (Japan)', 'ARxIUM Inc. (Canada)', 'TCGRx (US)', 'Becton, Dickinson and Company (US)', 'CareFusion Corporation (US)', 'Innovation Associates, Inc. (US)', 'Talis Clinical, LLC (US)', 'Accu-Chart Plus Healthcare Systems, Inc. (US)'

The global medical automation technologies market is driven by the increasing need for healthcare providers to enhance efficiency, accuracy, and productivity in various healthcare processes. By implementing automation, healthcare facilities can reduce human errors, improve precision, and streamline workflows, leading to enhanced patient care and better treatment outcomes.

Increasing Demand for Patient Safety and Efficiency: The global medical automation technologies market is expected to grow significantly in the coming years, driven by factors such as the increasing demand for patient safety and efficiency, the rising cost of healthcare, and the growing adoption of automation technologies in other industries. The market is segmented by product, application, end user, and region. The automated medication dispensing & storage systems segment is the largest segment of the market, and is expected to continue to dominate the market during the forecast period.

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Medical Automation Technologies Market Regional Insights

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