The global Medical Automation Market Size research report offers the definition, market shares, drivers, restraints, opportunities, and challenges in an voluminous format. On the basis of Type, the market is further categorized into based on the regions, the market is distributed into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. This markets competitive manufactures and the upcoming manufactures are studied with their research. Revenue, production, price, market share of these players is mentioned with detailed information.
Medical Automation Market
study offers an exhaustive summary of the vendor landscape, competitive
analysis, and key strategies to gain ruthless advantage. Medical Automation
Market Forecast provides sizing and growth opportunities. It provides
comprehensive insights on the latest industry trends, forecast, and growth
drivers in the market. it also includes a detailed analysis of growth drivers,
challenges, and investment opportunities and delivers a complete overview of
segments and the regional outlook of the market.
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Industry Insights
The global market for
medical automation in 2015 was estimated to be at USD 34.21 billion. The major
factors impelling the growth are rising adoption rate of automated equipment
for therapy and diagnosis of chronic disorders. According to a report by WHO, chronic
diseases are considered to be the leading cause of mortality globally. These
diseases include respiratory diseases, diabetes, heart disease, stroke and
cancer which accounts for around 60% of deaths.
As per a research published
by NCBI, around 40.5% of the population in U.S. is predicted to suffer from one
or more than one cardiovascular disease by 2030, leading to expansion of the
patient base. Increasing adoption of automated devices can be attributed to the
rising demands for reproducibility and accuracy in wide array of medical
procedures.
Moreover, the rise in
laboratory automation and benefits associated with automation in pharmacies is
broadening the growth prospects further. These benefits include such as
reliability, speed, reduction of errors in huge sampling and greater cost
efficiency which is anticipated to positively impact future demand over the
coming years. Furthermore, advent of technologically advanced products such as
usage of robots in radio surgery, material handling in hospitals and others,
are factors predicted to drive growth potential.
Application Insights
The largest share of over
35.0% in application segment was held by therapeutic automation in 2015. The
dominance can be attributed to consistent rise in the adoption rate of
automated devices such as therapeutic dispensing systems, defibrillators,
surgical robots, automated microscopes, portable imaging device and orthopedic
navigation systems.
The high demand for
automation while performing minimally invasive surgeries is expected to widen
the scope for adoption of robotic surgical systems thereby fueling to the
medical automation industry over the coming years. The advantages offered by
these systems such as increase in process efficiency and enhanced patient
safety. In addition, they can be used as standard emergency care which is
predicted to drive the growth prospects and further broaden the penetration of
these systems in future.
End-use Insights
The segment was dominated
by hospitals & diagnostics centers segment in 2015 with a share of more
than 25.0%. The dominance can be attributed to growing usage of automated
devices in pharmacies & laboratories sufficing various requirements in
diagnostic procedures.
Automation in hospital
segment, particularly in tier 2 & 3 cities of emerging economies of the
Asia Pacific region such as India is presenting with lucrative opportunities.
For example, the Indian hospitals including Fortis and Apollo are aiming at
providing automated healthcare services which are operational in the region.
Regional Insights
A substantial revenue share
of over 43.0% was held by North America in 2015 as a consequence of increasing
healthcare expenditure by government healthcare and life science sectors to
promote research. Europe held the second largest market share owing to
demographic shift in geriatric patient base, possessing greater susceptibility
to chronic disorders thereby pushing demand for automated point-of-care
testing.
Additionally, presence of
various government organizations including Medicine and Healthcare Products
Regulatory Agency which validates automated systems in pharmacies and devices
with the regulations of the region is predicted to provide growth opportunities
in the coming years. Asia Pacific is anticipated to witness attractive growth
opportunities during the forecast period owing to the frequent upgradation in
healthcare infrastructure, growing patient awareness levels and prevalence of
cardiovascular diseases, orthopedic disorders, cancer and diabetes.
Table of Contents:-
Chapter
1 Methodology and Scope
Chapter
2 Executive Summary
Chapter
3 Medical Automation: Market Variables, Trends & Scope
Chapter
4 Medical Automation: Product Estimates & Trend Analysis
Chapter
5 Medical Automation: Application Estimates & Trend Analysis
Chapter
6 Medical Automation: End-use Estimates & Trend Analysis
Chapter
7 Medical Automation: Industrial End-use Estimates & Trend Analysis
Chapter
8 Medical Automation: Regional Estimates & Trend Analysis
Chapter
9 Competitive Landscape
Chapter
10 Medical Automation: Manufacturers Company Profiles
Top Key Players of Medical
Automation Market:
Danaher Corporation,
Koninklijke Philips N.V., Siemens AG, Stryker Corporation, Intuitive Surgical
Inc., GE Healthcare, Swisslog Holding AG, Medtronic Plc., Tecan Group Ltd.,
Accuray Inc.
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