Published Date : 2025-Mar-20
The global Medical Automation Technology Market is set to experience a major transformation by 2025, driven by advancements in robotics, AI, and IoT in healthcare. As hospitals and healthcare facilities strive for higher efficiency and precision, leading companies are competing to introduce cutting-edge automation solutions.
This blog explores the top companies shaping the future of medical automation in 2025: Siemens Healthineers, Medtronic, GE Healthcare, Philips Healthcare, McKesson, Intuitive Surgical, Meditech, Stryker Corporation, Roche Diagnostics and Johnson & Johnson MedTech.
Robots can be employed to enter variables like patient data, diagnosis, and treatment automatically into a data processing system due to medical automation technology. Rather than typing reports and looking up patient information, the program will leave healthcare professionals free to provide high-quality treatment.
The global medical automation technology market has also enhanced significantly during the last couple of years. For instance, the following are some of the factors that facilitate robotic medical automation: barcode identification systems, voice recognition software, scanning record software, and wireless communication technologies. Pre-identification is usually the first step for a robotic diagnostic system. This can be achieved through voice recognition software or barcode reader devices on the doctor's computer workstation. Mobile phones can also retrieve patients' information entirely due to wireless communication technologies. Patient documentation can be done through a speech recognition system or barcode reader, commonly the initial procedure in a robotic pre-treatment system. Then, the process of treatment can begin with automated medication dispensing and other computerized processes driven by wireless technologies.
With the passage of time, scientists keep inventing new technologies to advance the healthcare sector like telemedicine and robotic surgery equipment. Over $1 billion has been invested in research and development of robotic automated systems, which indicates the worth of medical automation technology.
In a review of statistics from the U.S., the European Union, and five other nations, medical automation was discovered to have risen 11% in 2015-2016 alone, with the same expectations for 2020 and beyond. The trend is set to continue through the foreseeable future as more hospitals start to incorporate newer technologies that enable safer ways of delivering care to patients while also releasing staff time for other important patient care elsewhere.
The most significant investment in medical automation technology market has been made by Philips that has invested $4.8 billion in its medical device business from 2015-2016. Collectively, the top 100 companies in the world that were studied together had a total market capitalization of over $1 trillion as of December of 2016. Plenty of acquisitions have been taking place recently such as CVS buys from Omnicare for more than $12 billion and Philips acquiring OEC Medical Systems for nearly $2 billion. With more and more consolidation occurring on a regular basis only a few players will be left in the business in future years.
The medical technology industry is emerging rapidly because of increased demand. Patients want the option of being able to have instant access to medical care at any given time, and they are looking for improved, more efficient methods of monitoring their health. It's not surprising that this sector is forecast to grow by 37% per annum in the future, considering the many signs that indicate an increase in demand for medical automation technologies. The worldwide market for medical technology was valued at USD 55.1 billion in 2020. Also, it has been found that the added effort caused by the ageing population will lead to an increasing need for medical automation technology in all forms of specialized industries.
Medical professionals have transitioned from paper-based to electronic systems due to the rising demand for more automation in their field. Equipment that incorporates technology into patient treatment and provides physicians with an easier way to deal with their workloads is a must in the technologically sophisticated medical office or hospital of today. These technologies will help boost efficiency and productivity thus enabling these institutions to offer improved patient care. The tremendous growth potential of the medical sector has been intricately associated with the use of automation technologies. This is providing momentum to the medical automation technology market. The connectivity boom also has massive implications on everyone including health care where new digital channels have the potential to make patient care safer and more accessible. Therefore, providing a promising growth opportunity for the participants in the global medical automation technology market.
The medical automation technology market faces challenges in the face of the high pace of changes within the medical industry. Medical professionals are concerned with the increased need for training to operate automation technologies because they might complicate the diagnosis and treatment of patients even further. when deploying these technologies at various facilities, there are often no standards, and this means that it becomes a challenge to identify the rules and procedures that should be followed to enable these devices to function properly and provide consistent information. All these are further impacting the overall growth of the world medical automation technology market. But since there is higher demand for all these technologies, most are anticipating that more efforts will now be put into developing standards so that everyone is also equally well-informed about their correct use.
Governments and regulatory bodies are moving to enhance medical facilities' safety protocols through the incorporation of automation technology due to the enhanced awareness of medical automation. The importance of technology safety plans was reiterated in the National Patient Safety Agency's Technology Enhanced Patient Safety report. The plans are a guide that clinics and hospitals use before implementing new technology within their facilities. The end goal is to ensure that all medical devices are utilized safely, and healthcare staff can use them correctly without compromising patient care. All these factors are expected to drive the world medical automation technology market's future growth.
As the demand grows, increasing support staff equipped well to work on these tools will be needed. This opens an opportunity for vendors in the medical automation technology sector to supply hardware and software solutions aimed at streamlining productivity within the medical industry. As some people are worried about what the impact of emerging technology can do to activity in the health care facility, others see them as, over time, promoting job satisfaction and quality work.
Global medical automation technology market has been observing an improvement in revenue regeneration to a significant extent with the rising demand for automation in surgery, diagnostics, and monitoring primarily because of an increasing number of minimally invasive surgeries (MIS) conducted globally on the back of technological innovations, diminishing cost advantages with MIS against open surgery, growing aging population causing greater incidence of chronic diseases worldwide including developed nations like U.S., Canada, Japan, Germany, Australia, etc., growing awareness about patient safety problems in hospitals caused by medical errors during operations carried out using MIS techniques in comparison to open surgery, and altered medical reimbursement mechanisms in developed nations like the U.S. in favor of shifting from a fee-for-service system to value-based care that provides packages of surgeries at fixed reimbursement levels depending upon surgery types and procedures. Such strategies like the product portfolio expansion, technological product development, and alliances with MIS device companies will give crucial opportunities for medical automation technology market growth during the forecast period.
Automation plays a very significant role in healthcare. Every year, the medical sector must offer improved service at reduced cost to patients. Over the past several years, the world market for medical automation technology has seen a significant change in the attitude of end-users. Today, medical automation facilitates global collaboration in research and development and facilitates medical practitioners to provide high quality services to their patients at reduced costs worldwide. We anticipate global expenditure on medical equipment to increase to US$838 billion by 2022 from US$699 billion in 2015 with medical devices alone projected to grow more than over US$700 billion in 2020.
The North America and Europe medical automation technology market includes medical devices with automation potential, such as patient medical record management software, medical laboratory information systems (LIMS), clinical decision support systems (CDSS), telemedicine, and medical imaging. With the increased technological advancements, more advanced medical devices have brought automation capabilities with them that increase performance and reduce costs in the regions. In addition, the development of the medical automation technology market is rising due to rising attention of clinics and hospitals towards enhancing quality of service provided across the world. The patient population with chronic diseases is consistently rising because of greater awareness among doctors on the early detection of diseases as well as improved medication methods that increase life expectancy. Firms offer great prospects to facilitate medical professionals in enhancing medical diagnostics with enhanced patient confidence in medical procedures. Medical automation in the Asia Pacific includes medical devices for patient medical record management, medical laboratory information systems (LIMS), medical imaging and pharmaceuticals.
The Asia Pacific medical automation technology market will experience a CAGR of more than 11% during the period 2021-2027 because of increased healthcare awareness among patients receiving medical treatment in the region. India has been experiencing a high growth rate in many sectors on the back of cost advantage coupled with consistent inflow of medical tourists from other nations. In addition, the government drive towards medical system digitization will assist in driving the use of medical automation technology in India higher. China is also starting to become a viable contender in the international medical automation technology market based on its medical tourism sector and medical research centers. Several medical equipment companies like GE Healthcare, Philips Healthcare, Mindray Medical International Limited and Siemens Healthcare have set up their medical R&D centers in the nation which have boosted the use of medical automation among doctors. In addition to this, China is one of the fastest emerging medical devices market due to growing healthcare awareness among consumers and high spending power for patient medical treatment. This, in return, is providing a profitable growth opportunity for the participants of the global medical automation technology market to increase their market penetration and exploit the growth momentum.
⇒ Would you like me to add more details on specific companies or market trends? Let me know!
Intellectual Market Insights Research is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including, Semiconductor, aerospace, Automation, Agriculture, Food & Beverages, Automotive, Chemicals and Materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports.
