The Global Automation and Control System in Healthcare Market was valued at USD 30.2 billion in 2019 which is expected to reach 60.22 billion by 2027 as per the Qualiket Research Study, increasing at a CAGR 8.6% from 2020 to 2027. Also, quantitative and qualitative both aspects are covered in the global automation and control system in healthcare market report.
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Healthcare industry rapidly adopting advanced technologies like Artificial Intelligence, medical imaging, robotics, and machine learning provides various benefits such as reduce cost of care, greater operational efficiency, and enhance quality of care. The automation and control systems are assisting healthcare professionals and hospital administrators in conducting daily activities, treating and managing patient care efficiently.
Growing advancements healthcare information technology and the increase in geriatric population are expected to increase the adoption of automation in the field of healthcare. Furthermore, the increases in incidence rates of chronic and acute diseases are expected to fuel the global automation and control system in healthcare market growth. Also, increase in adoption of automation in the field of healthcare can consolidate their staff and reduce expenses which will propel the automation and control system in healthcare market over the forecast period. Moreover, the increase in research and development activities as well as outsourcing of pharmaceutical companies expected to drive the market growth. In addition to that, the rise in demand for Artificial intelligence, and machine learning expected to support the market growth during this forecast timeline.
On the basis of region, the global automation and control system in healthcare market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America is expected to hold the market for automation and control system in healthcare industry due to the increase in the number of aging population, and the rise in investments in the healthcare industry is expected to boost the global automation and control system in healthcare market growth over the forecast period. Also, the APAC is expected to witness lucrative growth opportunities in the upcoming years due to rapidly improving healthcare infrastructure in this region.
The global automation and control system in healthcare market is categorized into type, end user, and region.
On the basis of type, the global automation and control system in healthcare market is segmented into Therapeutic Automation, Diagnostics and Monitoring Automation, Pharmacy & Laboratory Automation, and Medical Logistics & Training Automation.
On the basis of end user, the global automation and control system in healthcare market is segmented into Hospitals & Diagnostic Centers, Research Laboratories & Institutes, Pharmacies, and Home Care Settings, and Ambulatory Surgical Centers.
Impact of COVID-19
The rise in COVID 19 outbreak across the globe, the business conditions are expected to change. During this forecast timeline market size may increase with spike or may reduce significantly on the basis of the value chain has been affected during this period.
Some key operating players are discussed in global automation an d control system in healthcare market are Koninklijke Philips, Danaher Corporation, Medtronic, Stryker Corporation, General Electric Company, Siemens, Tecan Group, Swisslog Holding, Intuitive Surgical, and Honeywell International.
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