PUBLISHER: The Business Research Company | PRODUCT CODE: 1705337
PUBLISHER: The Business Research Company | PRODUCT CODE: 1705337
Medical automation technologies encompass the application of automated systems, robotics, artificial intelligence, and other advanced technologies in healthcare delivery, diagnosis, treatment, and management. These technologies are designed to streamline processes, enhance efficiency, improve accuracy, and ultimately enhance patient outcomes while mitigating human error and reducing workload.
The primary types of medical automation technologies include diagnostic and monitoring operations, therapeutic automation, lab and pharmacy automation, and home healthcare automation. Diagnostic and monitoring operations involve technologies utilized for disease identification and patient health tracking. The applications of medical automation technologies span across various functions such as imaging and radiology, clinical chemistry analysis, vital signs monitoring, surgery, and rehabilitation. These technologies find utility across various end-user settings including hospitals and diagnostic centers, research institutes and laboratories, as well as homecare settings.
The medical automation technologies market research report is one of a series of new reports from The Business Research Company that provides medical automation technologies market statistics, including medical automation technologies industry global market size, regional shares, competitors with a medical automation technologies market share, detailed medical automation technologies market segments, market trends and opportunities, and any further data you may need to thrive in the medical automation technologies industry. This medical automation technologies market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The medical automation technologies market size has grown rapidly in recent years. It will grow from $6.27 billion in 2024 to $7.07 billion in 2025 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to healthcare industry digitization, pandemics and infectious diseases, patient empowerment, healthcare worker shortage, and focus on preventive care.
The medical automation technologies market size is expected to see rapid growth in the next few years. It will grow to $11.31 billion in 2029 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to demand for minimally invasive procedures, remote patient monitoring, hospital capacity optimization, the shift towards value-based care, and growing awareness about the benefits of automation in healthcare. Major trends in the forecast period include robotic surgery, artificial intelligence in diagnostics, telemedicine and remote monitoring, automation in drug discovery and development, and smart hospitals and integrated healthcare systems.
The rising prevalence of chronic diseases is expected to drive the growth of the medical automation technology market. Chronic diseases are long-term health conditions, such as diabetes, that develop gradually and often require continuous management to control symptoms and prevent complications. This increase in chronic conditions is attributed to factors like sedentary lifestyles, poor dietary habits, environmental pollutants, and an aging population. Medical automation technology supports effective chronic disease management by enabling personalized treatment plans, remote patient monitoring, and automated data analysis, thereby improving healthcare efficiency and patient outcomes. For example, in September 2024, the British Heart Foundation, a UK-based cardiovascular research charity, reported that approximately 7.6 million people in the UK currently live with heart and circulatory diseases, including 4 million men and 3.6 million women. Projections indicate that by 2030, this figure could rise by 1 million, with an additional increase of 2 million by 2040. Thus, the rising prevalence of chronic diseases is fueling growth in the medical automation technology market.
Key players in the medical automation technologies market are embracing innovative solutions, such as AI-driven medical coding, to drive revenue growth. AI-driven medical coding involves utilizing artificial intelligence algorithms to automatically assign accurate medical codes to patient diagnoses, treatments, and procedures, streamlining healthcare billing and administrative tasks while minimizing errors and enhancing efficiency. For instance, in December 2023, CorroHealth Inc., a US-based healthcare technology company, introduced Pulse, a groundbreaking advancement in medical coding automation. Pulse incorporates adaptive learning capabilities and real-time insights to continuously enhance coding accuracy. Its user-centric design prioritizes process optimization, productivity enhancement, and value delivery to healthcare practitioners. Seamlessly interfacing with any electronic health record (EHR), Pulse is fully customized to meet the specific needs of each healthcare facility.
In May 2023, Medical Manufacturing Technologies Inc., a US-based medical device manufacturing company, acquired Somex Automation Ltd. for an undisclosed sum. Through this strategic acquisition, Medical Manufacturing Technologies, Inc. aims to bolster its automated medical device production capabilities, improving efficiency, quality, and innovation speed. The company seeks to streamline manufacturing processes, expedite product development, and ensure compliance with regulatory standards. Somex Automation Ltd. is an Ireland-based provider of medical automation technologies.
Major companies operating in the medical automation technologies market are Johnson & Johnson Services Inc., F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic plc, Danaher Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., Becton Dickinson and Co, GE HealthCare Technologies Inc., Boston Scientific Corporation, Zimmer Biomet Holdings Inc., Olympus Corporation, Terumo Corporation, Intuitive Surgical Inc., Oracle Cerner, Hologic Inc., Illumina Inc., Mindray Medical International Limited, Nikon Corporation, Sysmex Corporation, Bio Rad Laboratories Inc., QIAGEN N.V., Carl Zeiss Meditec AG, Yuyama Co Ltd.
North America was the largest region in the medical automation technologies market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical automation technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the medical automation technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The medical automation technologies market consists of revenues earned by entities providing services such as electronic health records (EHR) management, patient engagement and education, telemedicine platforms, medical imaging automation, and patient monitoring systems. The market value includes the value of related goods sold by the service provider or included within the service offering. The medical automation technologies market also includes sales of automated vaccine storage and handling systems, automated sterilization systems, automated drug delivery systems, automated external defibrillators (AEDs), and automated laboratory instruments. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Medical Automation Technologies Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on medical automation technologies market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for medical automation technologies ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The medical automation technologies market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.