The increasing prevalence of chronic diseases and growing pharmaceutical and biotechnology industry are expected to propel the growth of the global medical automation market at a CAGR of 8.90% during the forecast period of 2023 to 2030

Market Research Future (MRFR) has published a cooked research report on the “Global Medical automation market” that contains the information from 2023 to 2030.


MRFR recognizes the following companies as the key players in the global medical automation market— Koninklijke Philips N.V. (Netherlands), General Electric Company (US), Stryker Corporation (US), Siemens AG (Germany), Medtronic Plc (Ireland), Becton, Dickinson, and Company (US), 3M Company (US), Tecan Trading AG (Switzerland), Danaher Corporation (US), Intuitive Surgical (US).


Market Highlights


The Medical Automation Market is expected to reach USD 40.32 Billion by 2030 at 8.90% CAGR during the forecast period 2023-2030


The global medical automation market is expected to be driven by the increasing prevalence of chronic diseases, the growing pharmaceutical and biotechnology industries, and the rising demand for robotic surgery. However, the medical automation market's growth is likely to be restrained by the high cost of automation and risks associated with robotic surgery and the necessity of physician training. On the other hand, the growing need for medical automation is expected to create lucrative growth opportunities for players operating in the global medical automation market.


Segment Analysis


The global medical automation market is mainly segmented into type and end user. On the basis of type, the medical automation market has been sub-segmented into diagnostic & monitoring automation, therapeutic automation, lab & pharmacy automation, and medical logistics & training. On the basis of end user, the medical automation market has been segmented into Hospitals & Diagnostics Centers, Pharmacy, Research Labs & Institutes, and Others.


Explore In-depth Market Details [Table of Content, List of Figures, List of Tables] of Medical Automation Market Research Report


Regional Analysis


The global microbiology testing market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and Middle East & Africa. The Americas market is further divided into the North America and Latin America. North America consists of US and Canada and the Latin America comprises of Brazil, Mexico, and Rest of Latin America. The European medical automation market has been segmented into Western Europe and Eastern Europe. The Western Europe comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The medical automation market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Middle East and Africa medical automation market includes the Middle East and Africa.


The Americas accounted for the largest market share of 31.57% in 2020 and this trend is projected to continue throughout the forecast period. This is attributed to the increasing prevalence of chronic diseases such as cancer, cardiovascular disorders, diabetes, Alzheimer's, obesity, arthritis, among others. In 2020, as per the National Cancer Institute, the National Institutes of Health forecasted an estimated 1,806,590 new cases of cancer to be diagnosed in the US, with about 606,520 deaths reported as a result of the disease. Additionally, according to the Centers for Disease Control and Prevention, about 659,000 people die of heart diseases in the US every year.


Asia-Pacific is anticipated to register the highest growth rate over the forecast period from 2021 to 2027. This is due to factors such as , the rise in chronic disorders such as HIV and tuberculosis drives the market growth in the region as medical automation techniques are extensively used to improve the health and quality of life of patients suffering from cancer, genetic disorders, and other chronic disorders. Additionally, in the medical field, robots modernize surgeries, accelerate supply delivery, and save time for doctors to spend with patients. Health robotics provides a high level of patient care, assists healthcare workers' safety by moving supplies and linens in hospitals where pathogen contact is a concern, supporting minimally invasive procedures, regular monitoring for patients with chronic diseases, and social engagement for elderly patients..


Key Findings of the Study



  • The global medical automation market is expected to reach USD 75,562.71 million by 2027 at a CAGR of 9.62% during the forecast period.

  • The Americas region accounted for the largest share of the global market, owing to the increasing prevalence of chronic diseases such as cancer, cardiovascular disorders in this region.

  • Based on type, the therapeutic automation segment accounted for the largest market share of 38.3% in 2020.

  • Based on end user, the hospitals & diagnostic segment dominated the market with a share of 34.6% in 2020.

  • Some of the key players operating in the medical automation market are Koninklijke Philips N.V. (Netherlands), General Electric Company (US), Stryker Corporation (US), Siemens AG (Germany), Medtronic Plc (Ireland), Becton, Dickinson, and Company (US), 3M Company (US), Tecan Trading AG (Switzerland), Danaher Corporation (US), Intuitive Surgical (US).

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Companies Covered 15
Pages 141
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