The global Health Care Automation market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
This report studies the Health Care Automation market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major regions, and splits the Health Care Automation market by product and Application/end industries.
The high-tech solutions offered by healthcare automation also expands to material handling, transport, and disease management. The growing demand for wearable technology has been noted as an emerging trend in the global market.
Smartwatches, an important aspect of wearable technology, has empowered both patients and physicians to closely monitor changes in health, intervene at an appropriate time, and ensure a better lifestyle.
The global healthcare automation market is segregated based on application into therapeutic automation, logistics and training automation, lab and pharmacy automation and diagnostics and monitoring automation. Among these, therapeutic automation market held the highest market revenue share in 2017.
Requirement for accuracy and increasing cost of labor are some of the major factors increasing the demand of this segment globally during the forecast period. Likewise, on the basis of end-use the market is divided into research institutes and labs, pharmacies, home care and others.
Among these, Research institutes and labs accounted for the highest market revenue globally during the forecast period. The geographical segregation of the global market includes Asia Pacific, North America, Europe, Middle East and Africa and Latin America.
North America held the highest market share followed by Europe and Asia Pacific in 2017.
Some of the top players operating in the global healthcare automation market include Koninklijke Philips N.V. (the Netherlands), Siemens AG (Germany), General Electric Company (U.S.), Swisslog Holding AG (Switzerland), Medtronic PLC (Ireland), Intuitive Surgical, Inc. (U.S.), Danaher Corporation (U.S.), Accuray Inc. (U.S.), Stryker Corporation (U.S.) and Tecan Group Ltd. (Switzerland) among others.
On the flip side and despite the advantages, the cost of automation has turned out to be a major disappointment to the global healthcare automation market. The requirement of regular maintenance has also dissuaded several end users as it adds to the operational costs.
Thus, the hesitation amongst end users is likely to hold back the market from achieving its potential in the near future.
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