Medical Automation Market Report: Trends, Forecast and Competitive Analysis to 2030

Medical Automation Trends and Forecast

The future of the global medical automation market looks promising with opportunities in the hospital & diagnostic center, pharmacy, research lab & institute, specialty clinic, and ambulatory surgical center markets. The global medical automation market is expected to reach an estimated $85.7 billion by 2030 with a CAGR of 8.7% from 2024 to 2030. The major drivers for this market are shortage of healthcare workers, growing government support for medical automation, and technological advancements in medical automation.

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Medical Automation by Segment

The study includes a forecast for the global medical automation by component, connectivity, application, end use, and region.

Medical Automation Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Equipment
• Software
• Services

Medical Automation Market by Connectivity [Shipment Analysis by Value from 2018 to 2030]:

• Wired
• Wireless

Medical Automation Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Diagnostics & Monitoring
• Therapeutics
• Lab & Pharmacy Automation
• Medical Logistics & Training
• Others

Medical Automation Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals & Diagnostic Center
• Pharmacies
• Research Labs & Institutes
• Specialty Clinics
• Ambulatory Surgical Centers
• Others

Medical Automation Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Medical Automation Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical automation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical automation companies profiled in this report include-

• Brainlab
• Abbott
• Qmeds
• Hollysys
• Sp Automation & Robotics
• Asahi Kasei Medical
• Asteres
• Arxium
• Medavail Technologies
• Stereotaxis

Medical Automation Accuray Incorporated

Lucintel forecasts that diagnostics & monitoring is expected to witness highest growth over the forecast period.

Within this market, hospitals and diagnostic centers will remain the largest segment due to the increasing adoption of automated equipment in diagnostics, treatment, and laboratories.

North America will remain the largest region during the forecast period due to presence of well-established healthcare infrastructure, supportive reimbursement framework, and increased the demand for laboratory automation solutions, as they can help to improve the efficiency and productivity of these facilities.

Features of the Global Medical Automation Market

Market Size Estimates: Medical automation market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Medical automation market size by various segments, such as by component, connectivity, application, end use, and region in terms of ($B).

Regional Analysis: Medical automation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, connectivity, applications, end uses, and regions for the medical automation market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medical automation market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the medical automation market size?

Answer: The global medical automation market is expected to reach an estimated $85.7 billion by 2030.

Q.2 What is the growth forecast for medical automation market?

Answer: The global medical automation market is expected to grow with a CAGR of 8.7% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the medical automation market?

Answer: The major drivers for this market are shortage of healthcare workers, growing government support for medical automation, and technological advancements in medical automation.

Q4. What are the major segments for medical automation market?

Answer: The future of the medical automation market looks promising with opportunities in the hospital & diagnostic center, pharmacy, research lab & institute, specialty clinic, and ambulatory surgical center markets.

Q5. Who are the key medical automation market companies?

Answer: Some of the key medical automation companies are as follows:

• Brainlab
• Abbott
• Qmeds
• Hollysys
• Sp Automation & Robotics
• Asahi Kasei Medical
• Asteres
• Arxium
• Medavail Technologies
• Stereotaxis

Q6. Which medical automation market segment will be the largest in future?

Answer: Lucintel forecasts that diagnostics & monitoring is expected to witness highest growth over the forecast period.

Q7. In medical automation market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region during the forecast period due to presence of well-established healthcare infrastructure, supportive reimbursement framework, and increased the demand for laboratory automation solutions, as they can help to improve the efficiency and productivity of these facilities.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the medical automation market by component (equipment, software, and services), connectivity (wired and wireless), application (diagnostics & monitoring, therapeutics, lab & pharmacy automation, medical logistics & training, and others), end use (hospitals & diagnostic center, pharmacies, research labs & institutes, specialty clinics, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?