Robotic processing automation for healthcare market is anticipated to grow at a CAGR of 25.0% during the forecast period (2023-2030). Growing investments in healthcare from government and private organizations, adoption of advanced technologies such as AI/ML, the growing need for operational efficiency in the healthcare industry, and increasing disposable income drive demand for RPA for the healthcare market. RPA technology utilizes software to automate repetitive and rule-based tasks, including data manipulation and integration across various systems. It presents an opportunity for healthcare organizations to enhance operational efficiency, reduce costs, elevate quality and compliance standards, and, in turn, contribute to improved patient outcomes and satisfaction.
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The global robotic processing automation for the healthcare market is segmented by application and end-user. Based on the application, the market is sub-segmented into claims management, workflow management, clinical documentation, revenue cycle management, billing and compliance management, and appointment scheduling. Based on the end-user, the market is sub-segmented into hospitals, clinics, pharmacies, insurance companies, and other applications such as BPOs and clinical research organizations. The insurance industry is expected to hold a considerable share in the global RPA market. In the insurance industry, RPA software is used for automating administrative tasks such as claim processing, automating the management of policies, such as updating customer information, generating renewal notices, and handling payments. Apart from this, it is also used to automate the underwriting process, and regulatory compliance and detect fraudulent claims and transactions. Apart from these growing investments in the RPA industry. For instance, In June 2023, Quandri announced it raised $8.5 million in Series A funding to bring process automation to insurance brokers and agencies.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Robotic Process Automation Market Report Segment
By Type
- Software
- Services (consulting, Implementing, and Training)
By Deployment
- Cloud
- On-Premise
By Process
- Automated Solutions
- Decision Support & Management Solutions
- Interaction Solutions
By Application
- BFSI
- Healthcare
- Retail
- IT & Telecom
- Manufacturing & Logistics
- Others (Media, Education, Energy & Utilities, and Travel)
Global Robotic Process Automation Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global robotic process automation (RPA) market for the healthcare market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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