Press release
Global Healthcare Automation Market : Future Forecast Assessed on the basis of how the Market is Predicted to Grow
The research report states that the global healthcare automation market was valued at US$28.31 bn in 2016. However, over the forecast period of 2017 and 2025, the global market is likely to pace ahead at a CAGR of 8.8% to reach a valuation of US$58.98 bn by the end of 2025. Research institutes and labs have been identified as the key end users of healthcare automation. The need for fast-paced operations and precision is expected to propel this end-user segment at a CAGR of 8.2% in the global market over the forecast period.
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From a geographic point of view, North America is expected to dominate the global healthcare automation market despite a slight dip in its overall share. Analysts expect that this regional market will account for a share of 39.5% by 2025, which will be higher than the rest of the regional markets across the globe.
Automation has brought in a range of benefits across all industrial platforms. The healthcare industry has been steadily adoption automation in several areas such as research institutes and labs, pharmacies, and home care among others. The uptake of healthcare automation processes and systems is expected to remain persistent in the coming years as these solutions designed with smarter technologies tend to make operations significantly efficient.
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The superior quality of these systems has also garnered unprecedented support from governments across the globe, thereby bolstering market growth. A clear example of remarkable advantages rendered by application of healthcare automation are the lack of errors in maintaining inventory and medicine management in pharmacies. Owing to this very reasons, the pharmacies are also expected to offer the healthcare automation market lucrative growth opportunities in the near future.
The high-tech solutions offered by healthcare automation also expands to material handling, transport, and disease management. The growing demand for wearable technology has been noted as an emerging trend in the global market. Smartwatches, an important aspect of wearable technology, has empowered both patients and physicians to closely monitor changes in health, intervene at an appropriate time, and ensure a better lifestyle. In light of these reasons, the global healthcare automation market has a bright future in the world economics.
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The market has been segmented as follows:
Healthcare Automation Market, by Application:
Therapeutic Automation
Lab and Pharmacy Automation
Logistics and Training Automation
Diagnostics and Monitoring Automation
Healthcare Automation Market, by End Use:
Pharmacies
Research institutes and labs
Home Care
Others
Healthcare Automation Market, by Geography:
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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