Analysts’ Viewpoint on Healthcare Automation Market Scenario
Market stakeholders are found to be bullish on investments in deep learning, AI, IoT, and ML with decline in COVID-19 crisis to transform the hospital-at-home model in order to reduce cost burden owing to traditional hospitalization of patients. However, lack of government funding in developing economies of Africa, Sri Lanka, and Pakistan are inhibiting market growth in these countries. Hence, healthcare automation companies should work closely with their respective governments to increase funding for technological advancements. This helps to bolster credibility of both government as well as healthcare technology providers. The Digital India Movement by the current government is playing a monumental role in improving the healthcare infrastructure and medical services network of the country.
Healthcare automation offers high-tech solutions in the field of hospital pharmacy automation, logistics & transport, and material handling applications. Labs and research institutes from all across the globe are investing in healthcare automation in order to streamline different activities and improve overall work efficiency. This automation is playing a monumental role for research institutes in order to leverage overall productivity in healthcare facilities, improve the experimental data quality, and lower their lab process cycle times.
Increased automation adoption by these end users has resulted into making research institutes and labs the highest revenue-generating segment. The healthcare automation market is estimated to gather lucrative avenues from this segment in the upcoming decade.
The ongoing novel coronavirus pandemic has had a positive effect on the global healthcare automation market. Vendors operating in this market are focusing on the development of technologies for therapeutic and diagnostic applications. The adoption of Artificial Intelligence (AI) and Internet of Things are other strategies adopted by players operating in the market.
Since AI is a subset of machine learning (ML), AI holds promising potentials in the development of mobile apps that can serve as intelligent symptom checkers in order to diagnose possible infections, illness, or chronic diseases. Deep learning platforms are providing doctors with real-time insights pertaining to patient medical history, radiology images, blood tests, and genomics, among others.
The expanding innovative progression is a significant factor answerable for the development of the worldwide medical care mechanization market internationally. These advancements are undergoing a significant change with new highlights in the sphere of the robotic technology. The dynamic mechanical headway is supporting the interest for medical services computerization worldwide during the forecast period. Computerization can be utilized in different cost-efficient manners in the medical care area.
The growing interest for wearable innovation is a prominent pattern in the market of robotic medical services. It is relied upon to acquire accurate and precise clinical information of patients. Moreover, simple openness to this information is relied upon to bring about better accessibility of medical services, consequently diminishing the expenses. Such innovations are being publicized for different clinical considerations and remote care of patients.
The increase in government support is anticipated to fuel the growth of the global healthcare automation industry during the forecast period. The usage of the smart technology such as therapeutic automation in the healthcare automation market is propelling market growth. Governments support for the implementation of automation in healthcare by providing funds and investments is helping to improve patient outcomes. For instance, government bodies in Europe, such as Medicines and Healthcare Products Regulatory Agency, are endorsing automated systems for pharmacies.
Government authorities are investing in research & development (R&D), thereby assisting innovations in the market. The high prevalence of chronic diseases in individuals are triggering the demand for government funding in healthcare automation technologies.
Technological advancements are a driving force for boosting the growth of the global healthcare automation market. Dynamic technological advancements in lab & pharmacy automation and diagnostic & monitoring automation are fueling the demand for healthcare automation globally.
Doctors have access to large volumes of patient medical history due to the utilization of Big Data and Artificial Intelligence. This enables them to take important decisions for the treatment of patients. The implementation of automation in healthcare is likely to increase revenue generation at healthcare facilities, enhance efficiency, and boost healthcare delivery for patients. The demand for wearable technology is increasing rapidly and is a key trend in the global market.
Attribute |
Detail |
Market Size Value in 2020 (Base Year) |
US$ 36.9 Bn |
Market Forecast Value in 2028 |
US$ 88.9 Bn |
Growth Rate (CAGR) |
8.4% |
Forecast Period |
2021–2028 |
Quantitative Units |
US$ Bn for Value |
Market Analysis |
It includes cross segment analysis at regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, pricing analysis, and parent industry overview. |
Format |
Electronic (PDF) |
Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon request |
Pricing |
Available upon request |
Healthcare Automation Market – Segmentation
TMR’s study on the global market includes information divided into three segments: application, end-user, and region. Changing industry trends and other market dynamics associated with these segments of the global market are discussed in detail.
Application |
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End-user |
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Region |
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The market is expected to cross the value of US$ 88.9 Bn by the end of 2028
Healthcare automation market is estimated to expand at a CAGR of 8.4% from 2021 to 2028
The industry is driven by increase in technological advancements and rise in clinical research activities
North America accounted for the largest share of the global healthcare automation market
Key players operating in the global market include Siemens AG, General Electric Company, Swisslog Holding AG, Koninklijke Philips N.V.
1. Preface
1.1. Report Scope & Market Segmentation
1.2. Research Highlights
2. Executive Summary
3. Research Methodology
4. Market Overview
4.1. Product Overview
4.2. Market Introduction
4.3. Key Market Indicators
5. Market Dynamics
5.1. Drivers and Restraints: Snapshot Analysis
5.2. Drivers
5.3. Increasing technological advancement
5.4. Increasing support from government
5.5. Saving cost of labor
5.6. Restraints
5.7. Increasing cost of automation
5.8. Opportunities
5.9. Implementation of healthcare automation in various segments
5.10. Healthcare Automation Market Share Analysis, by Company, 2020
5.11. Global Healthcare Automation Market Attractiveness Analysis, by Application
6. Global Healthcare Automation Market Analysis, by Application
6.1. Introduction
6.2. Global Healthcare Automation Market Forecast, by Application, by Region
6.3. Global Healthcare Automation Market Value Share Analysis, by Application
6.4. Global Healthcare Automation Market Forecast, by Application
6.5. Global Healthcare Automation Market Forecast, by Therapeutic Automation, by Region
6.6. Global Healthcare Automation Market Forecast, by Lab & Pharmacy Automation, by Region
6.7. Global Healthcare Automation Market, by Therapeutic Automation
6.8. Global Healthcare Automation Market, by Lab & Pharmacy Automation
6.9. Global Healthcare Automation Market, by Logistics & Training Automation
6.10. Global Healthcare Automation Market, by Diagnostics & Monitoring Automation
7. Global Healthcare Automation Market Analysis, by End-user
7.1. Introduction
7.2. Global Healthcare Automation Market Forecast, by End-user, by Region
7.3. Global Healthcare Automation Market Value Share Analysis, by End-user
7.4. Global Healthcare Automation Market, by Pharmacies, 2016 – 2025
7.5. Global Healthcare Automation Market, by Research Institutes & Labs
7.6. Global Healthcare Automation Market, by Home Care
7.7. Global Healthcare Automation Market, by Others
8. Global Healthcare Automation Market Analysis, by Region
8.1. Key Findings
8.2. Global Healthcare Automation Market Value Share Analysis, by Region
8.3. North America Healthcare Automation Market Value Share Analysis
8.4. Europe Healthcare Automation Market Value Share Analysis
8.5. Asia Pacific Healthcare Automation Market Value Share Analysis
8.6. Middle East & Africa Healthcare Automation Market Value Share Analysis
8.7. Latin America Healthcare Automation Market Value Share Analysis
9. North America Healthcare Automation Market Analysis
9.1. Key Findings
9.2. North America Healthcare Automation Market Forecast, by Application
9.3. North America Healthcare Automation Market Analysis, by Application
9.4. North America Healthcare Automation Market Forecast, by End-user
9.5. North America Healthcare Automation Market Analysis, by End-user
9.6. North America Healthcare Automation Market Forecast, by Country
10. Europe Healthcare Automation Market Analysis
10.1. Key Findings
10.2. Europe Healthcare Automation Market Forecast, by Application
10.3. Europe Healthcare Automation Market Analysis, by Application
10.4. Europe Healthcare Automation Market Forecast, by End-user
10.5. Europe Healthcare Automation Market Analysis, by End-user
10.6. Europe Healthcare Automation Market Forecast, by Country/Sub-region
11. Asia Pacific Healthcare Automation Market Analysis
11.1. Key Findings
11.2. Asia Pacific Healthcare Automation Market Forecast, by Application
11.3. Asia Pacific Healthcare Automation Market Analysis, by Application
11.4. Asia Pacific Healthcare Automation Market Forecast, by End-user
11.5. Asia Pacific Healthcare Automation Market Analysis, by End-user
11.6. Asia Pacific Healthcare Automation Market Forecast, by Country/Sub-region
12. Middle East & Africa Healthcare Automation Market Analysis
12.1. Key Findings
12.2. Middle East & Africa Healthcare Automation Market Forecast, by Application
12.3. Middle East & Africa Healthcare Automation Market Analysis, by Application
12.4. Middle East & Africa Healthcare Automation Market Forecast, by End-user
12.5. Middle East & Africa Healthcare Automation Market Forecast, by End-user
12.6. Middle East & Africa Healthcare Automation Market Forecast, by Country/Sub-region
13. Latin America Healthcare Automation Market Analysis
13.1. Key Findings
13.2. Latin America Healthcare Automation Market Forecast, by Application
13.3. Latin America Healthcare Automation Market Analysis, by Application
13.4. Latin America Healthcare Automation Market Forecast, by End-user
13.5. Latin America Healthcare Automation Market Forecast, by End-user
13.6. Latin America Healthcare Automation Market Forecast, by Country/Sub-region
14. Global Healthcare Automation Market Analysis: Competition Landscape
14.1. Siemens AG
14.1.1. Company Details
14.1.2. Company Description
14.1.3. Business Overview
14.1.4. SWOT Analysis
14.1.5. Breakdown of Net Sales, by Region, 2020
14.1.6. Revenue
14.1.7. Strategic Overview
14.2. General Electric Company
14.2.1. Company Details
14.2.2. Company Description
14.2.3. Business Overview
14.2.4. SWOT Analysis
14.2.5. Breakdown of Net Sales, by Region, 2020
14.2.6. Revenue (US$ Bn)
14.2.7. Strategic Overview
14.3. Swisslog Holding AG
14.3.1. Company Details
14.3.2. Company Description
14.3.3. Business Overview
14.3.4. SWOT Analysis
14.3.5. Breakdown of Net Sales, by Region, 2020
14.3.6. Revenue (US$ Bn)
14.3.7. Strategic Overview
14.4. Koninklijke Philips N.V.
14.4.1. Company Details
14.4.2. Company Description
14.4.3. Business Overview
14.4.4. SWOT Analysis
14.4.5. Breakdown of Net Sales, by Region, 2020
14.4.6. Revenue (US$ Bn)
14.4.7. Strategic Overview
14.5. Medtronic plc
14.5.1. Company Details
14.5.2. Company Description
14.5.3. Business Overview
14.5.4. SWOT Analysis
14.5.5. Breakdown of Net Sales, by Region, 2020
14.5.6. Revenue (US$ Bn)
14.5.7. Strategic Overview
14.6. Intuitive Surgical, Inc.
14.6.1. Company Details
14.6.2. Company Description
14.6.3. Business Overview
14.6.4. SWOT Analysis
14.6.5. Breakdown of Net Sales, by Region, 2020
14.6.6. Revenue (US$ Bn)
14.6.7. Strategic Overview
14.7. Stryker Corporation
14.7.1. Company Details
14.7.2. Company Description
14.7.3. Business Overview
14.7.4. SWOT Analysis
14.7.5. Breakdown of Net Sales, by Region, 2020
14.7.6. Revenue (US$ Bn)
14.7.7. Strategic Overview
14.8. Danaher Corporation
14.8.1. Company Details
14.8.2. Company Description
14.8.3. Business Overview
14.8.4. SWOT Analysis
14.8.5. Breakdown of Net Sales, by Region, 2020
14.8.6. Revenue (US$ Bn)
14.8.7. Strategic Overview
14.9. Accuray, Inc.
14.9.1. Company Details
14.9.2. Company Description
14.9.3. Business Overview
14.9.4. SWOT Analysis
14.9.5. Breakdown of Net Sales, by Region, 2020
14.9.6. Revenue (US$ Bn)
14.9.7. Strategic Overview
14.10. Tecan Group Ltd.
14.10.1. Company Details
14.10.2. Company Description
14.10.3. Business Overview
14.10.4. SWOT Analysis
14.10.5. Breakdown of Net Sales, by Region, 2020
14.10.6. Revenue (US$ Bn)
14.10.7. Strategic Overview
List of Tables
Table 1: Global Healthcare Automation Market Size (US$ Bn) Forecast, by Therapeutic Automation, by Region, 2016 – 2025
Table 2: Global Healthcare Automation Market Size (US$ Bn) Forecast, by Lab & Pharmacy Automation, by Region, 2016 – 2025
Table 3: Global Healthcare Automation Market Size (US$ Bn) Forecast, by Logistics & Training Automation, by Region, 2016 – 2025
Table 4: Global Healthcare Automation Market Size (US$ Bn) Forecast, by Diagnostics & Monitoring Automation, by Region, 2016 – 2025
Table 5: Global Healthcare Automation Market Size (US$ Bn) Forecast, by Application, 2016 – 2025
Table 6: Global Healthcare Automation Market Size (US$ Bn) Forecast, by Surgical Automation, by Region, 2016 – 2025
Table 7: Global Healthcare Automation Market Size (US$ Bn) Forecast, by Non-surgical Automation, by Region, 2016 – 2025
Table 8: Global Healthcare Automation Market Size (US$ Bn) Forecast, by Laboratory Automation, by Region, 2016 – 2025
Table 9: Global Healthcare Automation Market Size (US$ Bn) Forecast, by Pharmacy Automation, by Region, 2016 – 2025
Table 10: Global Healthcare Automation Market (US$ Bn), by Therapeutic Automation, 2016 - 2025
Table 11: Global Healthcare Automation Market (US$ Bn), by Lab & Pharmacy Automation, 2016 - 2025
Table 12: Global Healthcare Automation Market Size (US$ Bn) Forecast, by Pharmacies, by Region, 2016 – 2025
Table 13: Global Healthcare Automation Market Size (US$ Bn) Forecast, by Research Institutes & Labs, by Region, 2016 – 2025
Table 14: Global Healthcare Automation Market Size (US$ Bn) Forecast, by Home Care, by Region, 2016 – 2025
Table 15: Global Healthcare Automation Market Size (US$ Bn) Forecast, by Others, by Region, 2016 – 2025
Table 16: North America Healthcare Automation Market Size (US$ Bn) Forecast, by Application, 2016 – 2025
Table 17: North America Healthcare Automation Market (US$ Bn), by Therapeutic Automation 2016 - 2025
Table 18: North America Healthcare Automation Market (US$ Bn), by Lab & Pharmacy Automation, 2016 - 2025
Table 19: North America Healthcare Automation Market Size (US$ Bn) Forecast, by End-user, 2016 – 2025
Table 20: North America Healthcare Automation Market Size (US$ Bn) Forecast, by Country, 2016 – 2025
Table 21: Europe Healthcare Automation Market Size (US$ Bn) Forecast, by Application, 2016 – 2025
Table 22: Europe Healthcare Automation Market (US$ Bn), by Therapeutic Automation, 2016 - 2025
Table 23: Europe Healthcare Automation Market (US$ Bn), by Lab & Pharmacy Automation, 2016 - 2025
Table 24: Europe Healthcare Automation Market Size (US$ Bn) Forecast, by End-user, 2016 – 2025
Table 25: Europe Healthcare Automation Market Size (US$ Bn) Forecast, by Country/Sub-region, 2016 – 2025
Table 26: Asia Pacific Healthcare Automation Market Size (US$ Bn) Forecast, by Application, 2016 – 2025
Table 27: Asia Pacific Healthcare Automation Market (US$ Bn), by Therapeutic Automation, 2016 - 2025
Table 28: Asia Pacific Healthcare Automation Market (US$ Bn), by Lab & Pharmacy Automation, 2016 - 2025
Table 29: Asia Pacific Healthcare Automation Market Size (US$ Bn) Forecast, by End-user, 2016 – 2025
Table 30: Asia Pacific Healthcare Automation Market Size (US$ Bn) Forecast, by Country/Sub-region, 2016 – 2025
Table 31: Middle East & Africa Healthcare Automation Market Size (US$ Bn) Forecast, by Application, 2016 – 2025
Table 32: Middle East & Africa Healthcare Automation Market (US$ Bn), by Therapeutic Automation, 2016 - 2025
Table 33: Middle East & Africa Healthcare Automation Market (US$ Bn), by Lab & Pharmacy Automation, 2016 - 2025
Table 34: Middle East & Africa Healthcare Automation Market Size (US$ Bn) Forecast, by End-user, 2016 – 2025
Table 35: Middle East & Africa Healthcare Automation Market Size (US$ Bn) Forecast, by Country/Sub-region, 2016 – 2025
Table 36: Latin America Healthcare Automation Market Size (US$ Bn) Forecast, by Application, 2016 – 2025
Table 37: Latin America Healthcare Automation Market (US$ Bn), by Therapeutic Automation, 2016 - 2025
Table 38: Latin America Healthcare Automation Market (US$ Bn), by Lab & Pharmacy Automation, 2016 - 2025
Table 39: Latin America Healthcare Automation Market Size (US$ Bn) Forecast, by End-user, 2016 – 2025
Table 40: Latin America Healthcare Automation Market Size (US$ Bn) Forecast, by Country/Sub-region, 2016 – 2025
List of Figures
Figure 1: Report Scope
Figure 2: Market Size, Indicative (US$ Bn)
Figure 3: Leading Market Segments, 2016 (US$ Bn)
Figure 4: Growth Trend, Leading Market Segments, 2016 – 2025
Figure 5: Market Share, by Region, 2016 & 2025
Figure 6: Global Healthcare Automation Market Attractiveness Analysis, by Application
Figure 7: Global Healthcare Automation Market Value Share Analysis, by Application, 2016 and 2025
Figure 8: Global Healthcare Automation Market (US$ Bn), by Therapeutic Automation, 2016–2025
Figure 9: Global Healthcare Automation Market (US$ Bn), by Lab & Pharmacy Automation, 2016 – 2025
Figure 10: Global Healthcare Automation Market (US$ Bn), by Logistics & Training Automation, 2016 – 2025, USD Billion
Figure 11: Global Healthcare Automation Market (US$ Bn), by Diagnostics & Monitoring Automation, 2016 – 2025, USD Billion
Figure 12: Global Healthcare Automation Market Value Share Analysis, by End-user, 2016 and 2025
Figure 13: Global Healthcare Automation Market (US$ Bn), by Pharmacies, 2016 – 2025
Figure 14: Global Healthcare Automation Market (US$ Bn), by Research Institutes & Labs, 2016 – 2025
Figure 15: Global Healthcare Automation Market (US$ Bn), by Home Care, 2016 – 2025
Figure 16: Global Healthcare Automation Market (US$ Bn), by Others, 2016 – 2025
Figure 17: Global Healthcare Automation Market Value Share Analysis, by Region, 2016 and 2025
Figure 18: North America Healthcare Automation Market Value Share Analysis, 2016–2025
Figure 19: Europe Healthcare Automation Market Value Share Analysis, 2016–2025
Figure 20: Asia Pacific Healthcare Automation Market Value Share Analysis, 2016–2025
Figure 21: Middle East & Africa Healthcare Automation Market Value Share Analysis, 2016–2025
Figure 22: Latin America Healthcare Automation Market Value Share Analysis, 2016–2025
Figure 23: North America Healthcare Automation Market (US$ Bn), by Therapeutic Automation, 2016 – 2025
Figure 24: North America Healthcare Automation Market (US$ Bn), by Lab & Pharmacy Automation, 2016 – 2025
Figure 25: North America Healthcare Automation Market (US$ Bn), by Logistics & Training Automation, 2016 – 2025, USD Billion
Figure 26: North America Healthcare Automation Market (US$ Bn), by Diagnostics & Monitoring Automation, 2016 – 2025, USD Billion
Figure 27: North America Healthcare Automation Market (US$ Bn), by Pharmacies, 2016 – 2025
Figure 28: North America Healthcare Automation Market (US$ Bn), by Research Institutes & Labs, 2016 – 2025
Figure 29: North America Healthcare Automation Market (US$ Bn), by Home Care, 2016 – 2025
Figure 30: North America Healthcare Automation Market (US$ Bn), by Others, 2016 – 2025
Figure 31: Europe Healthcare Automation Market (US$ Bn), by Therapeutic Automation, 2016 – 2025
Figure 32: Europe Healthcare Automation Market (US$ Bn), by Lab & Pharmacy Automation, 2016 – 2025
Figure 33: Europe Healthcare Automation Market (US$ Bn), by Logistics & Training Automation, 2016 – 2025, USD Billion
Figure 34: Europe Healthcare Automation Market (US$ Bn), by Diagnostics & Monitoring Automation, 2016 – 2025, USD Billion
Figure 35: Europe Healthcare Automation Market (US$ Bn), by Pharmacies, 2016 – 2025
Figure 36: Europe Healthcare Automation Market (US$ Bn), by Research Institutes & Labs, 2016 – 2025
Figure 37: Europe Healthcare Automation Market (US$ Bn), by Home Care, 2016 – 2025
Figure 38: Europe Healthcare Automation Market (US$ Bn), by Others, 2016 – 2025
Figure 39: Asia Pacific Healthcare Automation Market (US$ Bn), by Therapeutic Automation, 2016 – 2025
Figure 40: Asia Pacific Healthcare Automation Market (US$ Bn), by Lab & Pharmacy Automation, 2016 – 2025
Figure 41: Asia Pacific Healthcare Automation Market (US$ Bn), by Logistics & Training Automation, 2016 – 2025, USD Billion
Figure 42: Asia Pacific Healthcare Automation Market (US$ Bn), by Diagnostics & Monitoring Automation, 2016 – 2025, USD Billion
Figure 43: Asia Pacific Healthcare Automation Market (US$ Bn), by Pharmacies, 2016 – 2025
Figure 44: Asia Pacific Healthcare Automation Market (US$ Bn), by Research Institutes & Labs, 2016 – 2025
Figure 45: Asia Pacific Healthcare Automation Market (US$ Bn), by Home Care, 2016 – 2025
Figure 46: Asia Pacific Healthcare Automation Market (US$ Bn), by Others, 2016 – 2025
Figure 47: Middle East & Africa Healthcare Automation Market (US$ Bn), by Therapeutic Automation, 2016 – 2025
Figure 48: Middle East & Africa Healthcare Automation Market (US$ Bn), by Lab & Pharmacy Automation, 2016 – 2025
Figure 49: Middle East & Africa Healthcare Automation Market (US$ Bn), by Logistics & Training Automation, 2016 – 2025, USD Billion
Figure 50: Middle East & Africa Healthcare Automation Market (US$ Bn), by Diagnostics & Monitoring Automation, 2016 – 2025, USD Billion
Figure 51: Middle East & Africa Healthcare Automation Market (US$ Bn), by Pharmacies, 2016 – 2025
Figure 52: Middle East & Africa Healthcare Automation Market (US$ Bn), by Research Institutes & Labs, 2016 – 2025
Figure 53: Middle East & Africa Healthcare Automation Market (US$ Bn), by Home Care, 2016 – 2025
Figure 54: Middle East & Africa Healthcare Automation Market (US$ Bn), by Others, 2016 – 2025
Figure 55: Latin America Healthcare Automation Market (US$ Bn), by Therapeutic Automation, 2016 – 2025
Figure 56: Latin America Healthcare Automation Market (US$ Bn), by Lab & Pharmacy Automation, 2016 – 2025
Figure 57: Latin America Healthcare Automation Market (US$ Bn), by Logistics & Training Automation, 2016 – 2025, USD Billion
Figure 58: Latin America Healthcare Automation Market (US$ Bn), by Diagnostics & Monitoring Automation, 2016 – 2025, USD Billion
Figure 59: Latin America Healthcare Automation Market (US$ Bn), by Pharmacies, 2016 – 2025
Figure 60: Latin America Healthcare Automation Market (US$ Bn), by Research Institutes & Labs, 2016 – 2025
Figure 61: Latin America Healthcare Automation Market (US$ Bn), by Home Care, 2016 – 2025
Figure 62: Latin America Healthcare Automation Market (US$ Bn), by Others, 2016 – 2025