Global Automation and Control System in Healthcare Market By Types (Diagnostics and Monitoring Automation, Therapeutic Automation, Pharmacy and Laboratory Automation, Medical Logistics & Training Automation), By End-Use (Hospitals & Diagnostic Centers, Research Laboratories & Institutes, Pharmacies, Home/Ambulatory Care Settings), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2020-2029
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The automation and control system is the integration of integration technology and control systems to reduce the requirement of individual work or human intervention for the production of goods or services. Automation substitutes human involvement by using logical programming commands and powerful machines. Automation is affecting different sectors such as Industrial Automation, Robotic Automation, Computer-Aided manufacturing, and others. Industrial Automation is a kind of automation that replaces human thinking with computers and devices. It can be defined as the use of set technologies and control devices that is responsible for the automatic operation and control of industrial processes devoid of any human intervention and attaining superior performance. These devices used for automation include PLCs, PCs, PACs, etc.
Over the years, the automation in the healthcare sector has started to digitize its critical operational and patient-related data. Digitization has resulted in instant access to the information. With the help of digitization, data sharing has become convenient as well as less complicated. Automation in healthcare has helped to improve the efficiencies of patient outcomes. The advanced automated services have revolutionized the healthcare sector. Automation of services has enabled organizations to serve a broad range of patients. Appointment scheduling and reminders through an automated platform will allow the staff to focus on patient care. This can be achieved through the use of automation to develop appointment solutions.
Automation in healthcare has assisted in improving the efficiencies of patient treatments. There are several automated products and solutions developed by companies that are connecting the entire enterprise. Automation has enabled organizations to aid a broad range of patients. Data automation is the primary area where automation is used in the healthcare industry. Data automation refers to the process of assimilation, storage, and analysis of data using data programming. Robotic Process Automation (RPA) is a new automation process that is used in the healthcare industry. It is a process that combines machine learning and AI for effectively handling tasks. The process can be used by the organizations to collect and translate transactional data of the patients into meaningful, actionable formats and also systematize compliance processes for the hospitals.
Increasing research and development activities and outsourcing of pharmaceutical companies are some factors expected to drive growth of automation and control system market in pharmaceutical as well as the biotech industry. Also, increasing adoption of advanced technologies such as Artificial Intelligence, Robotics, Machine Learning, Medical imaging, and others is projected to fuel the operational efficiency, decrease the cost of operation, and further enhance the business productivity. The FDA Commissioner is also undertaking several plans to modernize the drug production and use an innovative device to minimize expenses. Through automation, data collection and analysis and the discovery of new products will become much easier. This could drive the growth of automation in the healthcare market.
Automation can help healthcare providers provide alerts, monitor, and prioritize the data. Predictive analysis can also be used to automate thus ensuring that the system continuously learns ways to detect as well as eliminate security concerns.
Stringent regulatory procedures lead to delay in the launching of healthcare-related products or services, product recall, as well as high costs related to the use of automated solutions are some of the major factors that are expected to hamper growth of the target market.
Healthcare analytics and revenue cycle management software are topmost areas where automation and control are used in the Healthcare sector. Automation in medical technology also includes precision medicine, robotics and the use of smart wearables, which is expected to grow by 5% this year. The sales are expected to register US$ 800 billion by 2030. With a favorable government framework and high acceptance of healthcare automation in therapeutic automation and diagnostics, the North America automation and control system in the healthcare market is rapidly adopting this technology. Growing demand for automation is expected to drive growth over the forecast period. Whereas, Market in Europe expected to hold major share in the target market due to focus on improving the healthcare sector in terms of quality as well as efficiency.
Some of the major players involved in the global healthcare automation market are Siemens, General Electric Company, Tecan Group, Swisslog Holding, Stryker Corporation, Koninklijke Philips, Danaher Corporation, Intuitive Surgical, and Medtronic.
Automation and Control System in Healthcare Market Segmentation:
Based on types:
- Diagnostics and Monitoring Automation
- Therapeutic Automation
- Pharmacy and Laboratory Automation
- Medical Logistics & Training Automation
Based on End-User
- Hospitals & Diagnostic Centers
- Research Laboratories & Institutes
- Home/Ambulatory Care Settings & Others
- General Electric Company
- Tecan Group
- Swisslog Holding
- Stryker Corporation
- Koninklijke Philips
- Danaher Corporation
- Intuitive Surgical
- Other Major players.
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