San Francisco, 17 October 2018 , The
global medical automation market is
expected to reach USD 79.4 billion by 2024, according to a new report by Grand
View Research, Inc. The increasing demand for accuracy and reproducibility
required during medical procedures is the high impact rendering driver for the
medical automation market.
The rising
adoption of these devices is attributed to the advantages associated with
automated systems. For example, the automation of tedious tasks such as
sampling, monitoring of quality, quantity, packaging and labeling, and scanning
of medicines and devices, have reduced human efforts and increased speed and
accuracy, which has led to increased dependency on these automated
systems.
Moreover,
the growing global prevalence of chronic conditions such as diabetes, cancer,
arthritis, and chronic obstructive pulmonary disease (COPD) is further pushing
the demand for therapeutic, laboratory and pharmacy automated medication
systems, which are faster and more productive. As per the World Health
Organization (WHO) estimates, cardiovascular diseases (CVDs) is the leading
cause of mortality around the globe; in addition, an exponential rise has been
witnessed in the diabetes cases from 108 million in 1980 to 422 million in
2014. The aforementioned factors are responsible for creating the need for
automated medical equipments over the forecast period.
Furthermore,
with the advent of technologically advanced defibrillators and ablation
therapies, this market is expected to gain swift growth in its market share in
the near future. For instance, automation in the following pharmacy-based
functions, medication dispensing, storage, and retrieval enables traceability
and tracking, which in turn improves patient safety and reduces errors.
Furthermore, there is an increased focus on incorporating automation in hospitals
due to the associated benefits, such as reduction of errors and operational
costs; these factors altogether are expected to present this market with high
growth opportunities in the near future.
Full Research Report On Medical Automation Market Analysis:
Further key findings from the study suggest:
·
The therapeutic segment was observed to
dominate in terms of revenue share in 2015owing to the high usage rate of
automated devices in the non-surgical procedures, such as external
defibrillators, an implantable cardioverter, and wearable/ implantable drug
pumps
·
On the other hand, the medical logistics
and training segment is expected to grow at a lucrative CAGR of over 10.0%. The
rising adoption of advanced systems, such as Pneumatic Tube Systems (PTS) used
in material transportation and Real Time Location System (RTLS) in
location-tracking, contributes towards the overall medical automation market
growth during the forecast period.
·
The research laboratories and institutes
segment is also identified as a lucrative segment due to, the rising demand for
automated research laboratories that are helpful in the detection and the
treatment of chronic diseases. These laboratory automated systems help in
reducing demand and supply gaps by mechanization, which yields rapid results
and increases overall productivity. This is expected to further enhance its
usage over the forecast period.
·
With an aim to address the increasing
demand for advanced molecular diagnostic techniques in cancer, the Leiden
University Medical Center have recently succeeded in isolating DNA and RNA from
small tissue samples using a high-throughput, fully automated solution by
Siemens. Innovations like these are expected to present the market with
significant growth opportunities.
·
Some key players in this industry include
Accuray, Inc., Tecan Group Ltd., Medtronic Plc., Swisslog Holding AG, GE
Healthcare, Intuitive Surgical, Inc., Stryker Corporation, Siemens AG,
Koninklijke Philips N.V., and Danaher Corporation.
·
These industry players are adopting
strategies such as technological innovation, new product launches, and
strategic collaborations including mergers and acquisitions to capitalize
untapped opportunities. For instance, in July 2015, Medtronic Plc. acquired RF
Surgical Systems, Inc., for further expansion of its business and with the aim
of capturing a huge market share of the medical automation market in the coming
years.
Browse More
Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the medical automation
market on the basis of application, end-use, and region:
Global Medical
Automation Application Outlook (Revenue, USD Million, 2014 - 2024)
·
Diagnostic & Monitoring Automation
o
Automated imaging & analysis
o
Point-of-care testing
·
Therapeutic Automation
o
Surgical Automation
o
Non-surgical Automation
·
Lab and Pharmacy Automation
o
Laboratory Automation
o
Pharmacy Automation
·
Medical Logistics and Training
Global Medical
Automation End-use Outlook (Revenue, USD Million, 2014 - 2024)
·
Hospitals & Diagnostic Centers
·
Research Laboratories & Institutes
·
Pharmacies
·
Home & Ambulatory Care
Medical
Automation Regional Outlook (Revenue, USD Million, 2014 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Mexico
o
Brazil
·
MEA
o
South Africa
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-medical-automation-market
www.grandviewresearch.com/press-release/global-medical-automation-market
About Grand View
Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
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