ROBOTIC PROCESS AUTOMATION IN HEALTHCARE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global robotic process automation in healthcare market is estimated to be valued at USD 1.77 BN in 2024 and is expected to exhibit a CAGR of 16.4% during the forecast period (2024-2031). Robotic process automation (RPA) refers to the use of software with artificial intelligence and machine learning capabilities to handle high-volume repetitive tasks that are rule-based and structured in nature. With healthcare being a data-intensive industry dealing with massive patient records and complex administrative processes, RPA presents significant opportunities to enhance efficiency, reduce costs and improve quality of care. By automating workflows and common repetitive processes, healthcare organizations can streamline operations, freeing up clinical staff to focus more on direct patient care activities. RPA can be used across different areas of healthcare such as claims management, billing and backend operations. As the demand for value-based care delivery increases, RPA is emerging as a critical technology for healthcare digital transformation.

Market Dynamics:

The global robotic process automation in healthcare market growth is driven by the need to optimize healthcare costs and boost operational efficiency. Rising workload on clinical staff due to growing patient volumes and administrative complexities has increased the priority on automating mundane tasks. RPA can help healthcare providers comply with complicated regulations and process various types of documents faster and more accurately. However, data privacy concerns and resistance to change pose challenges for the market. Meanwhile, growing adoption of telehealth and remote care delivery models during the pandemic has expanded the scope of RPA applications in healthcare. As RPA capabilities continue to advance through technologies like AI, it is expected to observe greater innovation and use cases emerging in areas like clinical workflow automation and personalized care coordination.

Key Features of the Study:

• This report provides an in-depth analysis of the global robotic process automation in healthcare market, and provides market size (USD BN) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global robotic process automation in healthcare market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study includes Blue Prism, UiPath, Automation Anywhere, IBM, Pegasystems, WorkFusion, Kofax, Celonis, NICE LTD., Datamatics, Intellibot, Redwood Software, Nintex UK Ltd, FeatSystems, EnterBridge, Element5, and Ashling Partners
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global robotic process automation in healthcare market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global robotic process automation in healthcare market

Market Segmentation

• By Component:
• • Software
  • Service
• By Deployment:
• • On Premise
  • Cloud
• By Application:
• • Appointment Scheduling
  • Claims Management
  • Revenue Cycle Management
  • Electronic Health Record (EHR)
  • Patient Care Monitoring
  • Others
• By End User:
• • Healthcare Payers
    • Insurance Companies
    • Government Agencies
  • Healthcare Providers
    • Hospitals
    • Physician Practices
    • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • Blue Prism
  • UiPath
  • Automation Anywhere
  • IBM
  • Pegasystems
  • WorkFusion
  • Kofax
  • Celonis
  • NICE LTD.
  • Datamatics
  • Intellibot
  • Redwood Software
  • Nintex UK Ltd
  • FeatSystems 
  • EnterBridge 
  • Element5 
  • Ashling Partners