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The healthcare automation market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 9%, as per The Business Research Company’s market report!

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The Healthcare Automation Market Size In 2022 And Forecast
The global healthcare automation market is expected to grow from $50.72 billion in 2021 to $56.89 billion in 2022 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. 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, sole traders, and partnerships) that are used to enhance patient outcomes by enabling technology developments, streamlining operations, and automation.

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Increase In Automation Adoption Is Driving The Growth Of The Healthcare Automation Market
For instance, in 2021, according to Dignity Health, a California-based not-for-profit public-benefit corporation, the healthcare industry sector has cut administrative expenses by $122 billion as a result of automation and may save an additional $16 billion by fully automating some routine processes. Also, according to Flobotics, a US-based software development company, 30% of the healthcare industry is considering implementing Robotic Process Automation (RPA) solutions in their businesses. Therefore, increased automation adoption is anticipated to propel healthcare automation market growth over the coming years.

Competitive Landscape And The Regional Analysis Of The Healthcare Automation Market
Major players in the healthcare automation market are Siemens AG, Koninklijke Philips N.V., Medtronic plc, Intuitive Surgical Inc., Stryker Corporation, General Electric Company, Danaher Corporation, Swisslog Holding AG, Accuray Inc., Tecan Group Ltd., Philips N.V., 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.

Additionally, as per TBRC’s research – North America was the largest region in the healthcare automation market in 2021 holding the largest market share.

The Healthcare Automation Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the healthcare automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the healthcare automation market.

Adopting Artificial Intelligence – A Key Trend In The Healthcare Automation Market
Major players operating in the healthcare automation sector are concentrating their efforts on implementing AI in healthcare to aid healthcare providers in several aspects of patient care and administrative operations.

Healthcare Automation Market Segmentation By The Business Research Company

1) By Component: Equipment, Software, Services

2) By Application: Therapeutic Automation, Lab and Pharmacy Automation, Logistics and Training Automation, Diagnostics and Monitoring Automation, Other Applications

3) By End-User: Pharmacies, Research Institutes and Labs, Home Care, Other End-Users

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