(MENAFN- Zion Market Research) Zion Market Research has published a new report titled 'Healthcare Automation Market by Application (Diagnostics and Monitoring Automation, Pharmacy and Laboratory Automation, Therapeutic Automation, and Medical Logistics & Training Automation) and by End-User (Hospitals & Diagnostic Centers, Research Laboratories & Institutes, Pharmacies, Ambulatory Care Settings, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20182026. According to the report, the global healthcare automation market was approximately USD 33,334 million in 2018 and is expected to generate around USD 63,596 million by 2026, at a CAGR of around 8.41% between 2019 and 2026.
Automation is the use of information technologies and control systems to decrease the requirement for individual work for the production of goods and services. The adoption of automation in the healthcare sector is increasing to enhance hospital administration, optimize accessible operations, and maximize the performance of caregivers. Automation is generally used to maintain patient records, finance, billing, collections, hospital operations and administration, facilities management, HR management, and certifications, etc. Automation in the healthcare vertical provides ease of diagnostics and a better possibility for the early detection of diseases and treatment. This is fuelling the healthcare automation market. Moreover, the high demand for automation in laboratories and pharmacies to reduce manual work and erroneous work are also propelling the global healthcare automation market. The adoption of healthcare automation technologies and services directly focus on eliminating productivity barriers.
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The global healthcare automation market is fragmented based on application and end-user. Based on application, the market includes diagnostics and monitoring automation, pharmacy and laboratory automation, therapeutic automation, and medical logistics and training automation. The diagnostics and monitoring automation segment is sub-segmented into automated image analysis, automated imaging, and point-of-care testing. The pharmacy and laboratory automation segment is further bifurcated into laboratory automation and pharmacy automation. The therapeutic automation segment further includes non-surgical automation and surgical automation. The medical logistics and training segment comprises logistics automation and trainers. The therapeutic automation segment is expected to contribute the largest share in the global healthcare automation market in the years ahead.
Hospitals and diagnostic centers, research laboratories and institutes, pharmacies, ambulatory care settings, and others comprise the end-user segments of the global healthcare automation market. Research laboratories and institutes dominated the market in terms of revenue in 2018, owing to the high adoption rate of healthcare automation systems due to the high purchasing power of top research laboratories. Pharmacies are expected to show significant growth in the future.
North America held a dominant share of the healthcare automation market globally in 2018 and is projected to continue with its regional supremacy over the forthcoming years as well. This regional growth can be attributed to the favorable government policies for healthcare automation and upcoming product lines by prominent market players. The Asia Pacific healthcare automation market is anticipated to grow significantly by the end of 2026, owing to the increased government support and advancements in the field of research development.
Some major players operating in the global healthcare automation market are Siemens, General Electric Company, Tecan Group, Swisslog Holding, Stryker Corporation, Koninklijke Philips, Danaher Corporation, Intuitive Surgical, and Medtronic.
This report segments the global healthcare automation market into:
Global Healthcare Automation Market: Application Analysis
- Diagnostics and Monitoring Automation
- Automated Imaging
- Point-Of-Care Testing (POCT)
- Automated Image Analysis
- Therapeutic Automation
- Non-Surgical Automation
- Surgical Automation
- Pharmacy and Laboratory Automation
- Laboratory Automation
- Pharmacy Automation
- Medical Logistics and Training Automation
- Logistics Automation
- Trainers
Global Healthcare Automation Market: End-User Analysis
- Hospitals and Diagnostic Centers
- Research Laboratories and Institutes
- Pharmacies
- Ambulatory Care Settings
- Others
Global Healthcare Automation Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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