The medical automation market size in Europe is expected to be worth USD 31.77 billion by 2028 from USD 20.43 billion in 2023, growing at a CAGR of 9.23% from 2023 to 2028.
The rising adoption of automation technology in the healthcare sector primarily drive the growth of the Europe medical automation market. Automation techniques are revolutionizing healthcare by streamlining processes and improving patient care. The increasing prevalence of chronic diseases, such as cancer, diabetes, cardiovascular diseases and arthritis, necessitates advanced medical equipment and devices for enhanced treatment outcomes. In this context, the integration of automation technology enables healthcare providers to deliver high-quality care while ensuring patient safety. By leveraging advanced infrastructure and diagnostic capabilities, automation enhances efficiency and accuracy in the diagnosis and monitoring of patients.
The rapid adoption of advanced technologies in the medical sector contributes to the growth of the Europe medical automation market. Technologies such as artificial intelligence, machine learning, robotics and cloud computing are being harnessed to develop innovative medical devices and software solutions, driving market expansion. Manufacturers are particularly focused on leveraging robotics for surgical procedures to minimize human errors and enhance surgical outcomes. Additionally, the development of automated treatment devices and software that improve patient experience and streamline healthcare processes further drives market growth. Increased research and development activities, government investments, favorable reimbursement policies, and product approvals also contribute to the positive market trajectory.
The growing aging population and the rapid adoption of telemedicine drive the growth of the Europe medical automation market. With approximately one-fifth of the EU population aged 60 and above, there is a significant demand for medical automation solutions that can cater to the healthcare needs of this demographic. The COVID-19 pandemic has accelerated the adoption of telemedicine and telehealth services to limit virus transmission and provide remote healthcare services. Medical automation enables the provision of treatment and monitoring through remote patient monitoring devices allowing patients in remote locations to receive quality care. Point-of-care testing devices, including pregnancy kits, glucose monitoring devices and temperature and blood pressure monitoring devices, further contribute to the European medical automation market.
The high cost of advanced automated equipment and devices and the shortage of skilled professionals hampers the growth of the Europe medical automation market. Factors such as high installation and maintenance costs, lack of awareness, stringent government regulations further hinder the growth of the European medical automation market.
This research report on the Europe medical automation market has been segmented and sub-segmented into the following categories.
By Application:
By End-User:
By Country:
Europe had the second biggest share of the global market in 2022 and is predicted to hold a promising occupancy in the worldwide market during the forecast period. Germany led the medical automation market in Europe in 2022 and is anticipated to register a healthy CAGR during the forecast period owing to the growing demand for healthcare cost reduction and the adoption of advanced medical care devices in hospitals. The presence of several clinical trial centers and increasing patient population of various diseases in Germany contribute to the German market growth. The growing investments and strong support from healthcare organizations, fostering the growth of medical device manufacturing companies that prioritize cost-effectiveness and quality. The UK market is estimated to account for a notable share of the European market during the forecast period due to the growing focus on skilled healthcare professionals and dedicated training centers that empower professionals with the latest healthcare technologies.
KEY MARKET PLAYERS:
Siemens Healthineers AG, Medtronic plc, Stryker Corporation, Koninklijke Philips N.V. and Becton, Dickinson and Company (BD) are some of the notable companies in the Europe medical automation market.
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