The Medical Automation Market is being driven by Increasing investments
The Medical Automation Market is expected to grow at a CAGR of 9.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 43989.4 million. The medical automation market is experiencing a surge in mergers and acquisitions, as companies seek to bolster their technological capabilities, broaden market reach, and optimize healthcare operations. One notable instance of this trend is Vyne Medical's acquisition of Extract Systems in September 2024. Vyne Medical, a prominent player in healthcare communication process management, strategically acquired Extract Systems, a leading provider of advanced data extraction solutions. This acquisition is designed to fortify Vyne Medical's position as a key player in healthcare automation. The merger of these two entities is projected to generate synergies, streamlining data transfer in hospitals and healthcare systems nationwide.
Get more information on Medical Automation Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
218 |
|
Base year |
2024 |
|
Historic period |
2019-2023 |
|
Forecast period |
2025-2029 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 9.2% |
|
Market growth 2025-2029 |
USD 43989.4 million |
|
Market structure |
market_structure.ucfirst |
|
YoY growth 2024-2025(%) |
8.8 |
|
Key countries |
US, China, Germany, UK, France, Spain, Japan, South Korea, India, and Brazil |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Medical Automation Market encompasses various sectors including robotics in healthcare, diagnostic centers automation, telemedicine integration, healthcare technology solutions, and hospital automation. Key areas of focus are healthcare accuracy, workforce optimization, medication safety protocols, healthcare compliance, and cost reduction. Digital health platforms, connected healthcare, and patient-centered care are also prioritized. Healthcare automation solutions offer benefits such as healthcare efficiency, quality improvement, and medication error prevention. Robotics in healthcare include robotic surgery systems, automated drug discovery, and robotic tissue processing. Laboratory automation includes automated sample preparation, digital pathology automation, and healthcare analytics automation. Smart hospitals incorporate healthcare IT automation, precision medicine automation, and medical device integration for hospital efficiency, surgical precision, and laboratory workflow optimization.
The Medical Automation Market encompasses the sales revenue of healthcare applications, IT systems, monitoring devices, telehealth technologies, and digital health solutions to healthcare providers and businesses. According to Technavio, the global healthcare market size is determined by the combined earnings of equipment, supplies, pharmaceutical, biotechnology, healthcare technology players, and life sciences tools and services manufacturers/providers. Factors fueling the expansion of the healthcare technology market include the continuous need to minimize expenses in both developed and emerging economies among healthcare sector entities. This pressure to reduce costs is a common challenge, necessitating the implementation of advanced technologies and solutions for inventory management, chronic disease treatment, medication administration systems, automated pill packaging, and staff perception enhancement to ensure accuracy, patient safety, and high-quality care.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
