Healthcare Automation Market Size, Share, and Trends 2024 to 2034

The global healthcare automation market size was estimated at USD 35.2 billion in 2022 and is expected to reach USD 90.88 billion by 2032, registering a CAGR of 10.00% during the forecast period 2023 to 2032.

Key Takeaway

• North America dominated the market with the revenue share of around USD 42% in 2022.
• By application, the therapeutic automation segment accounted highest market share in 2022.
• By end-user, the research institutes & labs segment has contributed highest market share in 2022.

Healthcare Automation Market Overview

Over the past few years, the medical industry is increasingly witnessing changes, particularly regarding the analysis, storage, and accessibility of data. The demand for healthcare automation is growing at a faster pace owing to its rising application in the healthcare sector. Additionally, medical or healthcare automation allows medical experts to emphasize caring for patients rather involving in several repetitive works.

Healthcare Automation Market Scope

Healthcare Automation Market Dynamics

Healthcare automation is a process of increasing accuracy and efficiency in medical activities with the help of wearable technologies, software, and robotics. The software robots take over repetitive tasks, detailed information, and processes and it makes the healthcare system feel better. For instance, Nanonets automation platform works for patient onboarding, survey processing, automating patient scheduling, form processing, and many more. Furthermore, in day-to-day work Healthcare automation increases healthcare delivery, from patient registration to treatment procedures in several sectors. As a result, automation supports the healthcare industry more significantly, which results in these factors driving the growth of the market. The benefits of automation in the healthcare sector boost the growth of the market due to the higher production rates, more effective use of raw materials, increase productivity and improve safety.

The global healthcare automation industry is predicted to grow at a significant rate during the forecast years. Various growth factors including continuous improvement in several healthcare automation technology, rising government investment on healthcare automation as well as increasing acceptance of healthcare automation system in pharmacy, medical logistics operations, laboratories, and others. The support of automation including information technology and the Use of control systems decreases individual effort in several procedures. Moreover, major prominent vendors invest in healthcare automation in order to enhance overall work efficiency and streamline various activities. This automation plays a vital role to lower their lab process cycle times, enhance the experimental data quality, and leveraging overall productivity in healthcare facilities. 

Profound learning programs are offering medical professionals real-time intuition related to the medical history of the patients, blood tests, radiology images, genomics, and others. Thus, the aforementioned facts have driven the demand for healthcare automation systems in the medical industry which in turn is driving the growth of the global healthcare automation market in terms of revenue generation.

The rising innovative development such as advanced IT skills, entrepreneurs, basic digital skills, and adaptability is anticipated to fuel the growth of the global healthcare automation market during the forecast period. Furthermore, an increase in government support by providing funds and investments drives the growth of the market of automation in the healthcare industry. For instance, government bodies in Europe including Healthcare Products Regulatory Agency and Medicines are supporting automation systems for pharmacies. 

Product Insights

By product, the therapeutic automation segment accounted for the maximum share in the global healthcare automation industry. The rising prevalence incidences of several chronic diseases, as well as advancements in technology & medication system, is one of the integral factors which is contributing to the overall growth of the market in terms of value sales. However, the medical logistics & training segment is expected to rise at a significant growth rate during the forecast years. This is attributable to the rising acceptance of healthcare automation (AGV, pneumatic tubes, RFID, and RTLS) in hospitals as well as diagnostic centers all across the globe. 

Additionally, the smart development application helps to treat patients carefully and manages ongoing care more effectively. Thus, these applications help patients to meet with attendants created in their proximity and actively coordinate pharmaceutical claims to the patient's needs, and after that schedule, the medical helpers visit the patient at home. Medical helpers provide the best possible care to patients with the help of access to their real-time patient data through a single interface.

End-User Insights

Depending on the end user, the healthcare automation market is divided into hospitals, research Institutes, home/Ambulatory Care, and diagnostic center. The research Institutes segment accounted for the maximum share in the global healthcare automation industry. The research Institutes are used for several reasons, such as accuracy, rising efficiency, reliability, quality, and timeliness of testing. This also gives helps to access test results that would otherwise be impossible to obtain and more difficult. This help to reduce the threat of human inaccuracy and offers an audit trail of test which results to confirm compliance requirements. Research institutes are investing to increase overall job productivity with lab digitization and program several processes. This automation is helping institutes such as lowering lab process cycle times, improving overall productivity and enhancing the quality of their experimental data.

Healthcare Automation Market Share, By Region, 2022 (%)

Region Insights

In the year 2022, North America is the dominating region in the healthcare automation market owing to the rising application of healthcare automation in the healthcare industry in this region. Moreover, the proliferation of increasing medical facilities, as well as rising government funding for technology advancement in the healthcare industry in this region, is driving the overall growth of the market in this region. A high number of in-progress clinical testing in countries like the U.S., and increasing demand for the application of technologically advanced healthcare devices in this region are also contributing to the growth of the healthcare automation market in the North American region. The U.S. Government organizations are investing in research and development to boost the healthcare automation sector innovation. Moreover, the high occurrence of both chronic and acute diseases and the increasing geriatric population is driving demand for the healthcare automation market.  

North America is one of the leading regions in the healthcare automation market due to the increasing developments in healthcare and information technology. The increasing acceptance rate of high-tech medical devices and healthcare reimbursement framework is driving the worldwide expansion of healthcare automation over the forecast period.

However, Asia-Pacific is expected to be one of the fastest-growing markets during the forecast years. Increasing government expenses on medical research, increasing clinical trials, growing geriatric population coupled with the rising prevalence of chronic diseases in this region, and improvement in medical infrastructure are some of the major factors that are expected to bolster the Asia-Pacific healthcare automation market growth in terms of value sales during the forecast period.

Covid-19 Impact 

The outbreak of the novel Covid 19 pandemic had a positive impact on the overall healthcare automation industry. Suppliers operating their business in this industry are increasingly focusing on the improvement of the technologies for both therapeutic as well as diagnostic applications. The acceptance of AI (Artificial Intelligence) along with IoT (Internet of Things) are other key development strategies that are increasingly adopted by the key market players who are operating in the healthcare automation industry. As Artificial Intelligence (AI) is a subtype of MI (machine learning), artificial intelligence holds excellent potential in the advancement of mobile applications which can deliver intelligent manifestation checkers to find out the possible illness, infections, or chronic ailments such as diabetes, hypertension, and others. Hence, COVID has positively impacted the market growth.

Key Market Developments 

• In Jan 2022, medical technology industry Becton, Dickinson, and Company declared acquisition with Parata systems for more than $1.5 billion. Parata systems offer automation products for pharmacies like inventory management software, high-speed robotic dispensers, workflow solutions, and adherence packaging tools. The Becton, Dickinson company’s acquisition purpose is to operate pharmacies for people’s healthier lives.
• In 2021, Siemens Healthineers AG acquired Varian Medical Systems, Inc. This is a German medical device company that allows the earlier to increase access to the latter's comprehensive portfolio as well as strengthen its position in the MedTech sector.
• In 2021, Philips acquisition with Capsule Technologies, Inc. They are providers of medical device integration and data technologies for hospitals and healthcare organizations. The purpose is to enlarge Philips’s leadership in patient care management solutions. Capsule Technologies, Inc is providing medical device Information platforms such as device integration, clinical surveillance services, and vital signs monitoring. Philips’s strategy is to transform the delivery of healthcare in the health field with integrated solutions. It helps to connect almost all medical devices as well as EMRs in hospitals.
• In 2021, IBM acquired mylnvenio to expand its automation portfolio with the latest acquisition. MyInvenio, is an Italy-founded process mining technology vendor. IBM provides IT and business process automation services to other organizations through automation groups such as Intelligent Document Processing, RPA, process orchestration capabilities, and Intelligent Virtual Agents. myInvenio acquired clients globally across the North American, UK regions, APAC, European, and others across key sectors like healthcare, pharmaceutical, banking, and financial services. This company help with data-driven process discovery, and monitoring to identify process improvement, analysis, and transformation opportunities.
• In 2020, One of the leading key players in the market ‘Health Catalyst, Inc. Acquired Healthfinch, In Electronic Medical Record c., a Wisconsin-based firm that provides a workflow integration engine that incorporates analytics & insights into Electronic Medical Record (EMR) workflows in order to enhance the efforts of medical experts to resolve the gaps of patient care on a real-time basis.
• In 2020, Medtronic plc acquired France-based Medicrea International. This medical device company is based in Dublin. The purpose of this acquisition is to enlarge its presence in the field of artificial intelligence, predictive analytics, and machine learning.

Healthcare Automation Market Companies

• Siemens AG
• General Electric Company
• Swisslog Holding AG
• Koninklijke Philips N.V.
• Medtronic plc
• Intuitive Surgical, Inc.
• Stryker Corporation
• Danaher Corporation
• Accuray, Inc.
• Tecan Group Ltd.

Segments Covered in The Report

By Product

• Therapeutic Automation
• Lab & Pharmacy Automation
• Medical Logistics & Training Automation
• Diagnostics & Monitoring Automation

By End-User

• Hospital
• Research Institutes 
• Home/Ambulatory Care
• Diagnostic center

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)