Medical Automation Market by Applications in Diagnostics Monitoring, Therapeutics, Lab Pharmacy Automation
- Written by: Pitch Engine
The global medical automation market is estimated to grow at a CAGR of 9.5% from 2015 to 2020. Although North America holds a larger share in the medical automation market in 2015, the Asia-Pacific region is poised to grow at the highest CAGR in the next five years. High growth in this regional segment is majorly attributed to the increasing geriatric population along with rising incidence and prevalence of CVDs, diabetes, cancer, and orthopedic diseases; rising number of clinical research activities; and growing government expenditure on healthcare and life sciences research. In addition, increasing business operations by key players in developing Asian countries are further supporting the growth of medical automation market.
Global Pharmacy and Laboratory Automation Market
- Laboratory Automation Market
- Pharmacy Automation Market
- Hospital Asset/Patient/Staff Tracking Systems Market
- Automated Hospital Pickup & Delivery
- Trainers
Global Market For Medical Automation, by End User
- Hospitals & Diagnostic Centers
- Research Laboratories & Institutes
- Pharmacies
- Home/Ambulatory Care Settings & Others
Global Market For Medical Automation Market, by Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
The growth of the overall medical automation market is driven by factors such as growing need for reproducibility and accuracy during medical procedures, rising labor costs, technological advancements in automation solutions, and rising government financial support for life science research. In addition, investments by venture capitalists and collaborations to promote automated medical devices, and high potential of medical automation for the early detection and treatment of cancer are offering new growth opportunities for players in the medical automation market. On the other hand, stringency of the regulatory approval procedure and high cost of automation are the key challenges faced by the market players.
In this report, the medical automation market has been segmented on the basis of application(covering diagnostic and monitoring automation, therapeutic automation, laboratory and pharmacy automation, and medical logistics and training), end user (including hospitals and diagnostic centers, pharmacies, research laboratories and institutes, and home/ambulatory care settings and other end-users), and region (North America, Europe, Asia-Pacific, and the Rest of the World).The hospitals and diagnostic centers segment is estimated to account for the largest share of the global medical automation market in 2015. Major hospitals opening new centers in tier II and III cities and growing number of diagnostic laboratory chains driving the growth of this end-user segment.
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The global medical automation market consists of a large number of big, medium, and small-sized companies providing automation solutions in several application areas, including diagnostics, monitoring, therapeutics, laboratory and pharmacy operations, and medical logistics. As of 2014, Medtronic plc (U.S.) held the leadership position in the global implantable cardioverter defibrillators market. Similarly, Tecan Group Ltd. (Switzerland) was the leader in the laboratory automation market in the same year. New product launches, product enhancements, and product approvals; partnerships, agreements, and collaborations; acquisitions; and geographic expansions were the major strategies adopted by most of the market players between 2013 and 2015 to achieve growth in the medical automation market.Koninklijke Philips N.V. (Netherlands), Siemens AG (Germany), General Electric Company (U.S.), Intuitive Surgical, Inc. (U.S.), Medtronic plc (U.S.), Tecan Group Ltd. (Switzerland), Stryker Corporation (U.S.), Accuray Incorporated (U.S.), Danaher Corporation (U.S.), and Swisslog Holding AG (Switzerland) are some of the key players operating in the global market for medical automation.
Priced at $4650 for a single user PDF, a sample copy of “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 to 2020” research report can be requested at http://www.rnrmarketresearch.com/contacts/request-sample?rname=133165 .
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Authors: Pitch Engine
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