Global Medical Automation Technologies Market

Medical Automation Technologies Market Size, Share, Growth Analysis, By Type(Diagnostic & Monitoring Operations, Therapeutic Automation), By Application(Imaging and radiology, Clinical Chemistry analysis), By End-use(Hospitals & Diagnostics Centres, Research Institute & Labs) - Industry Forecast 2024-2031

Report ID: SQMIG35G2173 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 92 | Figures: 76

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Medical Automation Technologies Market size was valued at USD 5.24 billion in 2021 and is poised to grow from USD 5.66 billion in 2022 to USD 10.49 billion by 2030, growing at a CAGR of 8.02% in the forecast period (2023-2030).

The medical automation technologies market is characterised by intense competition and a diverse range of players operating across different segments. This market encompasses various automation technologies designed to streamline processes, improve efficiency, and enhance patient care in the healthcare industry. While numerous companies are active in this sector, the competitive landscape can be broadly categorised into several key players and emerging players. 'BD (USk)', 'Omnicell, Inc. (US)', 'McKesson Corporation (US)', 'Cerner Corporation (US)', 'Siemens Healthineers (Germany)', 'Capsa Healthcare (US)', 'Baxter International Inc. (US)', 'Swisslog Healthcare (Switzerland)', 'Talyst, LLC (US)', 'ScriptPro LLC (US)', 'Omnicare, Inc. (US)', 'Parata Systems (US)', 'Yuyama Co., Ltd. (Japan)', 'ARxIUM Inc. (Canada)', 'TCGRx (US)', 'Becton, Dickinson and Company (US)', 'CareFusion Corporation (US)', 'Innovation Associates, Inc. (US)', 'Talis Clinical, LLC (US)', 'Accu-Chart Plus Healthcare Systems, Inc. (US)'

The medical automation technologies market is driven by the increasing need for healthcare providers to enhance efficiency, accuracy, and productivity in various healthcare processes. By implementing automation, healthcare facilities can reduce human errors, improve precision, and streamline workflows, leading to enhanced patient care and better treatment outcomes.

Increasing Demand for Patient Safety and Efficiency: The medical automation technologies market is expected to grow significantly in the coming years, driven by factors such as the increasing demand for patient safety and efficiency, the rising cost of healthcare, and the growing adoption of automation technologies in other industries. The market is segmented by product, application, end user, and region. The automated medication dispensing & storage systems segment is the largest segment of the market, and is expected to continue to dominate the market during the forecast period.

The most dominant region in the medical automation technologies market is North America. This region has a well-established healthcare system and a high adoption rate of advanced medical technologies. The presence of major healthcare companies, research institutions, and academic centres contribute to the dominance of North America in this market. Additionally, favourable reimbursement policies, government initiatives, and a strong focus on healthcare innovation drive the demand for medical automation technologies in the region.

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