The global market for medical automation market is estimated to grow at a CAGR of 9.5% from 2015 to 2020. A number of factors such as continuous advancements in various medical automation technologies; increasing government financial support for medical automation; and growing adoption of automation in laboratory, pharmacy, and medical logistics operations are propelling the growth of the global market for medical automation.
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The therapeutic medical automation market segment holds the largest share in the global market for medical automation. This segment is further categorized on the basis of product into non-surgical automation (defibrillators and automated medication systems) and surgical automation (surgical robots, intraoperative imaging, surgical navigation, intelligent operating rooms, and surgical simulators).
Read the Top Company Profile
- Koninklijke Philips N.V.
- Siemens AG
- General Electric Company (GE)
- Medtronic PLC.
- Tecan Group Ltd.
- Intuitive Surgical, Inc.
- Stryker Corporation
- Accuray Incorporated
- Danaher Corporation
- Swisslog Holding AG
New product launches, product approvals, and product enhancements is the primary growth strategy adopted by major players to enhance their positions in the global medical automation market for medical automation.
Moreover, strategies such as partnerships, agreements, and collaborations; geographic expansions; and acquisitions were also adopted by a significant number of market players to strengthen their product portfolios and expand their geographic presence in the market.
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The global market for medical automation market is divided into four segments on the basis of end users– hospitals and diagnostic centers, pharmacies, research laboratories and institutes, and home/ambulatory care settings and other end users. In 2015, the non-surgical automation segment held a larger share of 72.9% of the global therapeutic automation market.
The increasing incidences of various chronic diseases and technological advancements in defibrillators and medication systems are the key factors contributing to the growth of medical automation market segment.
2 Market Share Analysis, By Key Player, 2014
3 Key Players in the Implantable Cardioverter Defibrillators Market, 2014
4 Key Players in the Lab Automation Market, 2014
5 Competitive Situation and Trends
6 New Product Launches, Product Enhancement, and Product Approvals
7 Agreements, Acquisition, Partnerships, and Collaborations
8 Product Showcases and Conferences
10 Other Strategies
Growth of overall medical automation market 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. Emerging Asia-Pacific countries, including India and China, offer high growth potential for companies engaged in the development and marketing of automated solutions for the healthcare industry.
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In medical automation market report, 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 medical automation market divided into four major segments, namely, diagnostic & monitoring automation (automated imaging, automated image analysis, and point-of-care testing), therapeutic automation (non-surgical automation and surgical automation), laboratory & pharmacy automation (laboratory automation & pharmacy automation), & medical logistics & training (logistics automation and trainers).