Global Medical Automation Databank Market Report

Global Medical Automation Databank Market Report

The Medical Automation market was valued at $44,215.6 Million in 2022, and is projected to reach $88,292.7 Million by 2031 growing at a CAGR of 8.04% from 2023 to 2031. Laboratory and Pharmacy Automation segment is expected to be the highest contributor to this market, with $22,157.6 Million in 2022, and is anticipated to reach $42,196.1 Million by 2031, registering a CAGR of 7.47%. Medical Software, Informatics, and Logistics Automation segment is anticipated to reach $8,261.2 Million by 2031 with the highest CAGR of 11.25%. Laboratory and Pharmacy Automation and Therapeutic Automation segments collectively expected to account for about 85.2% share of the Medical Automation market in 2022, with the former constituting around 50.1% share. Medical Software, Informatics, and Logistics Automation and Imaging Automation segments are expected to witness significant growth rates at a CAGR of 11.25% and 10.67% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 14.8% in the overall Medical Automation market in 2022, and is anticipated to reach 18.8% by 2031.