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How has the healthcare automation market size evolved in recent years?

The size of the healthcare automation market has shown rapid growth in the past few years. The market is projected to increase from $72.59 billion in 2024 to $80.38 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.7%. This growth during the historic period can be owed to factors like regulatory compliance, patient safety, wider adoption of electronic health records (EHR), operational efficiency, and integration of medical devices.

What are the predictions for the healthcare automation market size in the coming years?

In the coming years, a swift upsurge is predicted in the healthcare automation market, reaching $129.37 billion in 2029 with a compound annual growth rate (CAGR) of 12.6%. Factors influencing this growth during the forecast period are population health management, medication management, precision medicine, preparedness for pandemics, and an aging population. The period is anticipated to witness major trends such as the application of robotics in healthcare, AI utilization in diagnostics, blockchain employment for health data protection, IoT incorporation for healthcare, and the inception of intelligent hospitals.

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What key factors are fueling the growth of the healthcare automation market?

The surge in the implementation of automation is fueling the expansion of the healthcare automation market. The term automation adoption refers to healthcare facilities integrating advanced solutions. They are taking on healthcare automation to boost operational efficiency and simplify tasks. For example, in July 2023, a multinational conglomerate based in the Netherlands, Koninklijke Philips N.V, released the Future Health Index 2023 Australian report. This report, being the most comprehensive global survey for healthcare, revealed that nearly half (47%) of healthcare leaders are using automation to enhance patient processes, such as automated appointment scheduling. Meanwhile, 43% are employing it to improve internal processes like automating administrative tasks and enhancing workflows. Thus, the rise in automation adoption is expected to drive the growth of the healthcare automation market in the imminent years.

How is the global healthcare automation market divided into key segments?

The healthcare automation market covered in this report is segmented –

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

Subsegments:

1) By Equipment: Automated Laboratory Equipment, Pharmacy Automation Systems, Surgical Robots, Point-Of-Care Testing Devices

2) By Software: Laboratory Information Management Systems (LIMS), Electronic Health Records (EHR) Systems, Workflow Management Software, Clinical Decision Support Systems (CDSS)

3) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Training Services

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Who are the key firms paving the way for growth in the healthcare automation market?

Major companies operating in the healthcare automation market include 3M Company, Accuray Inc., Aetna Inc., Allscripts Healthcare Solutions, Becton Co., Cerner Corporation, Danaher Corporation, Dickinson and Company, General Electric Company, International Business Machines Corporation, Intuitive Surgical Inc., Koninklijke Philips N.V., McKesson Corporation, MedeAnalytics, Medtronic plc, OptumHealth, Oracle Corporation, Stryker Corporation, Swisslog Holding AG, Tecan Group Ltd., Truven Health Analytics Pvt. Ltd., UnitedHealth Group Incorporated, Verisk Analytics Inc., Abbott Laboratories, Agilent Technologies, Athenahealth, Capsule Technologies Inc., Change Healthcare Co., Elekta, Epic Systems Corporation, Hologic Co., IBM Watson Health

Which trends are expected to transform the healthcare automation market?

The healthcare automation market is witnessing a significant trend with the increased adoption of artificial intelligence (AI). Major industry players are focusing on integrating AI into healthcare to help in diverse areas of patient care and administrative tasks. For instance, Innovaccer Inc., a healthcare data platform firm from the US, in August 2023, rolled out the AI Automation Suite, Sara for Healthcare. This pakage of innovative AI solutions will facilitate various functions such as population health management, customer relationship management, value-based care, self-serve analytics, and care management. This AI-powered solution will ensure safety, precision, security, regulatory compliance and scalability required for healthcare information technology.

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What regions are contributing significantly to the growth of the healthcare automation market?

North America was the largest region in the healthcare automation market in 2024. The regions covered in the healthcare automation market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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