Transparency Market Research (TMR) states that the value of health care automation market was $28.31 billion in 2016, and it is going to enjoy a leap of almost 8.8 percent. They are predicting that the estimation of healthcare automation market will be $58.98 billion by the end of 2025.
The healthcare sector that largely depends on data has to also rely on automation of processes to improve efficiency. It is not easy for human workers to control and analyze this vast amount of data. The analysis of data using automation will be easy, fast, and cost-effective. The use of automation will serve the dual purpose for the healthcare sector. On the one hand, it will offer the chance to provide better service to the patients, and on the other, it will enable them to reap more profit by cutting down on their expenses.
The hospitals are passing the routine back-office tasks to software robots. A statistics from McKinsey Quarterly says that 36 percent of the back-office functions have been given to automation. Automated back-office offers the hospitals to pay more attention to the patients. This will help them to provide better service. Thus, this process of automation will help the hospitals to grow their business.
Automation in the healthcare sector will help the hospitals to deal with the problem of paperwork. The hospitals generate a large amount of paper waste every day. A shift to automation will help to eliminate such waste.
As per a report by the United States Census Bureau, the number of people aging over 65 will be more than the number of children, by 2020. So, the healthcare sector is going to face a massive wave of patients. A move to automation will be helpful to the healthcare sector to deal with it. Today, connected medical devices have gained high popularity and offer great benefits. These devices automatically track any abnormal change in a patient’s body and enable the hospitals to cater a better service with little labor. Thus, automated digital information is propelling the healthcare sector to touch different pinnacles.