Global Medical Automation Market: Information by Type (Medical Logistics & Training (Logistic Automation and Trainers), Lab & Pharmacy Automation, Therapeutic Automation (Non-Surgical and Surgical) and Diagnostic & Monitoring Automation (Automated Monitoring, Point-of-Care Testing and Automated Image Analysis)), by End User (Hospitals & Diagnostic Centers, Pharmacies, Research labs & Institutes and others) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2023
Market Highlights
Medical automation is an emerging branch of the medical sector that is tended to evolve continuously in the presence of the technological advancements. Increasing prevalence of chronic diseases like cancer, diabetes, and others followed by the growing pharmaceutical and biotechnology sector are the major drivers for the market growth during the forecast period, 2017-2023. According to the Indian Brand Equity Foundation in 2017, the Indian biotech industry holds about 2% share of the global biotech industry.
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The biotechnology industry in India comprises of about 800 companies and is valued to be about USD 11.6 billion in 2017. Additionally, rising demands for robotic surgery along with the rising healthcare expenditure boost the market growth. On the other hand, the high cost of automation, risks associated with the robotic surgery and the necessity for the physician training are estimated to restrain the market growth during the forecast period.
The global medical automation market is expected to grow at a CAGR of 7.0% during the forecast period.
Segmentation
The global medical automation market is segmented on the basis of type, and end users.
On the basis of type, the market is segmented into diagnostic & monitoring automation, therapeutic automation, lab & pharmacy automation, medical logistics & training, and others. The diagnostic & monitoring automation segment is sub-segmented into automated imaging, point-of-care testing (POCT), automated image analysis, and others. The therapeutic automation segment is sub-segmented into non-surgical automation, surgical automation, and others. The medical logistics & training segment is sub-segmented into logistic automation, trainers, and others.
On the basis of end users, the market is segmented into hospitals and diagnostic centers, pharmacies, research labs & institutes, research labs & institutes, and others.
Market Dynamics
The increasing prevalence of chronic diseases like cancer, diabetes, and others, along with the growing pharmaceutical & biotechnology sector and rising demand for robotic surgery are the major drivers propelling market growth. For instance, according to a report published by the National Cancer Institute in 2016, approximately 1,685,210 new cases of cancer were diagnosed in the US. Moreover, rising healthcare expenditure is also projected to boost market growth. However, the high cost of automation and risks associated with robotic surgery, followed by the necessity of physician training are expected to constrain the growth of the market.
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The report for Global market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.
Key Players
The key players in the global medical automation market are Koninklijke Philips N.V., Siemens AG, GENERAL ELECTRIC, Medtronic, Stryker, Danaher, Accuray Incorporated, and others.
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The increasing global burden of diseases like cancer, diabetes and others have increased the demands for correct and timely diagnostics, so as to be followed by accurate therapeutics.
For instance, in 2016, according to the National Cancer Institute, approximately 1,685,210 new cases of cancer were diagnosed in the United States and approximately 595,690 deaths were reported due to the same.Leading Market PlayersThe key players in the global medical automation market include Accuray Incorporated (USA), Danaher (USA), General Electric (USA), Koninklijke Philips N.V. (the Netherlands), Medtronic (USA), Siemens AG (Germany), and Stryker (USA).GET SAMPLE COPY @ https://www.marketresearchfuture.com/sample_request/5184Market OverviewThe medical automation market has been on the rise over the past few years.
Based on the MRFR analysis, the market is projected to reach USD 42,284.6 million by 2023 at a healthy CAGR of around 7.00%.
The global market was valued at USD 26,332.7 million in 2016.
The global market for medical automation is expected to grow at an exponential rate owing to the growing biotechnology and pharmaceutical sector and rising demands for robotic surgery.
Majority of market players are focusing on the development of new products and product expansion in the emerging markets.Segmental AnalysisThe global medical automation market has been segmented into end users, type, and lastly, region.
According to the new market research report "Medical Automation Market by Application (Diagnostics & Monitoring, Therapeutics, Lab & Pharmacy Automation, Medical Logistics & Training), End-User (Hospital, Diagnostic Center, Research Institute, Home/Ambulatory Care) - Global Forecast", published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=848The Research Report Studies the Global Medical Automation Market is expected to reach $ 55.03 Billion, at CAGR of 9.5%On the basis of application, the market is divided into four major segments, namely, diagnostic and monitoring automation (automated imaging, automated image analysis, and point-of-care testing), therapeutic automation (non-surgical automation and surgical automation), laboratory and pharmacy automation (laboratory automation and pharmacy automation), and medical logistics and training (logistics automation and trainers).
The therapeutic automation segment is estimated to hold the largest share of the global market.Increasing application of automated devices (such as defibrillators, surgical robots, surgical navigation systems, and automated medication systems) in therapeutics and rising incidences of various chronic diseases are driving the growth of this market segment.Browse and in-depth TOC on "Medical Automation Market" 94 - Tables45 - Figures175 – PagesOn the basis of end users, the global medical automation market is divided into four segments, namely, hospitals and diagnostic centers, pharmacies, research laboratories and institutes, and home/ambulatory care settings and other end users.A number of factors such as rising government support for medical automation, growing need for reproducibility and accuracy during medical procedures, investments by venture capitalists and collaborations to promote automated medical devices, and technological advancements are fueling the demand for automation in the healthcare industry.
Additionally, increasing use of automation in various research activities, rising cost of labor, and rising number of research studies in emerging nations are some other factors contributing to the growth of the market.
On the other hand, stringency of regulatory procedures leading to delay in product launches and high cost of automated solutions are the key factors hampering the growth of the global medical automation market.North America is estimated to hold the largest share of the global market, followed by Europe.
However, the Asia-Pacific market is expected to grow at the highest CAGR of 11.6%.
Presence of a large geriatric population; increasing prevalence of CVDs, diabetes, and cancer; rising number of clinical research activities; and growing government expenditure on healthcare and life sciences research are propelling the growth of the Asia-Pacific market.Read the Press-Release of “Medical Automation Market”: https://www.marketsandmarkets.com/PressReleases/medical-automation-technologies.aspKoninklijke Philips N.V. (Netherlands), Siemens AG, (Germany), General Electric Company (U.S.), Medtronic plc.
The report includes basic information along with advanced market statistics of the global Medical Automation market.
Accurate information about the market dynamics along with future growth prospects are analyzed in the report.
Data experts analyze the market information and come up with detailed insights revealing operating margins, competitive landscape, key industry trends and the factors impacting the global Medical Automation market.
Regionally, the report provides elaborate regional market specifics related to the global Medical Automation market along with risks which are limiting development.Ask for report free sample with complete TOC and list of tables/figures @ https://www.datalibraryresearch.com/sample-request/medical-automation-market-2214Global Medical Automation market Competitive Analysis:Koninklijke Philips N.V.Siemens AG,General Electric CompanyMedtronic plc.Tecan Group Ltd.Intuitive Surgical, Inc.Stryker CorporationAccuray IncorporatedDanaher CorporationSwisslog Holding AG The report forecasts the size of the Medical Automation market for components from 2020 through 2026Crucial information related to major as well as new players operating in the market, along with recent trends prevailing in the industry are all included in the report.
Different strategies undertaken by market players in order to get a competitive advantage over their competitors and increase their global market reach are also studied comprehensively in the report.The chapter on market dynamics includes market drivers, restraints, and opportunities which help familiarize with market potential and upcoming opportunities.
The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis.
The latest trending report Global Medical Automation Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Medical Automation market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 5.2% in the forecast period of 2020 to 2025 and will expected to reach USD 54160 million by 2025, from USD 44300 million in 2019.The Medical Automation market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/30371-medical-automation-market-analysis-reportThe major players covered in Medical Automation are: Koninklijke Philips Accuray Medtronic Siemens Stryker General Electric Swisslog Holding Intuitive Surgical Tecan Group DanaherBy Type, Medical Automation market has been segmented into: Diagnostics & Monitoring Automation Therapeutics Automation Lab & Pharmacy Automation Automation Medical Logistics & Training AutomationBy Application, Medical Automation has been segmented into: Hospital Diagnostic Center Research Institute Home/Ambulatory CareThe report offers in-depth assessment of the growth and other aspects of the Medical Automation market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia) South America (Brazil, Argentina, Colombia) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Medical Automation Market @ https://www.decisiondatabases.com/contact/download-sample-30371There are 14 Chapters to deeply display the Global Medical Automation market.1 Medical Automation Market Overview2 Company Profiles3 Market Competition, by Players4 Market Size by Regions5 North America Medical Automation Revenue by Countries6 Europe Medical Automation Revenue by Countries7 Asia-Pacific Medical Automation Revenue by Countries8 South America Medical Automation Revenue by Countries9 Middle East & Africa Revenue Medical Automation by Countries10 Market Size Segment by Type11 Global Medical Automation Market Segment by Application12 Global Medical Automation Market Size Forecast (2021-2025)13 Research Findings and Conclusion14 AppendixPurchase the complete Global Medical Automation Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-30371Other Reports by DecisionDatabases.com:Global Laboratory Automation Market 2020 by Company, Regions, Type and Application, Forecast to 2025Global Postal Automation Market 2020 by Company, Regions, Type and Application, Forecast to 2025Global Tunnel Automation System Market 2020 by Company, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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