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Predictions For Healthcare Automation Market By 2025

Healthcare News

Predictions_For-Healthcare-Automation-Market-By-2025 Predictions For Healthcare Automation Market By 2025The healthcare sector has witnessed a severe amount of changes as automation creating the route for newer approaches characterized by efficiency. In the space, automation allows medical professionals to focus on superior patient care and advanced outputs, as well as cuts down the cost incurred by caregivers on repetitive work. As the deployment of automation in healthcare is anticipated to bring out better healthcare facilities, enhanced efficiency, and boost healthcare delivery quality, the global healthcare automation market is predicted to reach USD 58.98 billion by end of 2025, with a rising CAGR of 8.8 percent.

The global Healthcare Automation Market is largely driven by increased demand for wearable technology to bring convenience and accuracy while collecting patient medical data. Besides, easy accessibility to this data is anticipated to result in better faster ease of use of healthcare, with reducing the costs. Today, technologies are rapidly changing and getting advanced with a range of capabilities due to the rising demand for automation. As a result, this dynamic advancement in technologies is boosting the business growth of healthcare automation worldwide throughout the projected timeframe. On the basis of application, the market is classified into therapeutic automation, logistics and training automation, lab and pharmacy automation, and diagnostics and monitoring automation. Therapeutic automation is the computerized therapy systems which are completely automated and was accounted for the highest market revenue share in the year 2016. This automation technology leverages devices and instruments which offer therapy to the patient, including regulating the physiological process. Besides, the requirement for precision and the mounting cost of labor are some of the key factors boosting up the demand of this segment across the globe.

The global healthcare automation market segmented on the basis of the region in North America, Europe, Asia Pacific, Middle East, and Africa and Latin America. However, in the year 2016, North America holds the highest market share owing to growing clinical research activities, followed by Europe and the Asia Pacific. This regional market is slated to account for a share of 39.5 percent by the end of 2025.