Medical Automation Market Dynamics with Mega Trends 2023 | Top Key Players - Koninklijke Philips N.V., Siemens AG, General Electric, Medtronic, Stryker, Danaher, Accuray Incorporated | MarketResearchFuture.com

Industry Report “Medical Automation Market Research Report – Forecast to 2023” provides a clear picture of the Current Market Scenario which includes past and estimated future size with respect to value and volume, technological advancement, macro economical and governing factors in the market.

Medical Automation Market - Scenario

The Global Medical Automation Market is expected to grow at a CAGR of 7.0% during the forecast period. In recent years, various technological advancements led to the automation of the medical sector which enabled the controlled use of medical systems and related technologies.

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Advancements in core technologies give rise to a myriad of complexities in the medical field which calls for automation. A rising number of hospitals and medical institutions are investing in medical automation as they help in cost and error reduction and improvement of outcomes.

Medical errors occur more frequently than in any other industry, and the need for accuracy and precision in medical procedures augment the need for medical automation.

Global Medical Automation Market – Growth and Analysis

Moreover, it was estimated that about 70% of the reported deaths were accounted by the middle and low middle-income countries. Moreover, according to the Biotechnology and Biological Sciences Research Council in 2015, the U.K biotechnology businesses spent approximately USD 2.6 billion on equipment, materials, and services.

Additionally, rising demands for robotic surgery and rising healthcare expenditure is boosting the market growth. In 2014, according to the Health Research Funding, in 2012 approximately 400,000 robotic surgeries were performed across all types of surgeries in the U.S.

In 2017, according to a case study published in the Journal of Public Health Research, the unified automated laboratory in Brescia called Core-Lab’s equipment cost increased approximately from USD 17.7 million to USD 24.2 million due to lab automation.

Moreover, it was estimated that the physicians need a rigorous training for the surgical application of the medical robots. Approximately, USD 3,000 is the training cost per physician.

Global Medical Automation Market – Leading Key Players

Koninklijke Philips N.V

General Electric

Stryker

Accuray Incorporated

Siemens AG

Medtronic

Danaher

Medical Automation Market - Segmentation

The global medical automation market has been segmented based on type and end-users. By type, the market has been segmented into Diagnostic and Monitoring Automation, Therapeutic Automation, Lab & Pharmacy Automation, and Medical Logistics & Training. By end-users, the market has been segmented into Hospitals, Pharmacies, and Research Labs.

Medical Automation Market - Regional Analysis

The Americas dominate the global medical automation market owing to an increasing prevalence of the diseases like cancer, diabetes, and others. Moreover, growing biotechnology and biopharmaceutical sector within the region is fueling the market during the forecast period.

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, Europe is the second largest market for the global medical automation.

In Asia Pacific region growing biotech and biopharmaceutical factor, increasing patient population and rising healthcare expenditures along with the increasing demands for the robotic surgery is driving the market growth.

Moreover, favorable government policies are boosting the market growth within the region. The Middle East & Africa & Africa holds the least market share.

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Some Points from TOC of Global Medical Automation Market Research Report – Forecast till 2023

1 Report Prologue$ 1,350.00

2 Market Introduction$ 0.00

2.1 Introduction

2.2 Scope of Study

2.3 Research Objective

2.4 Assumptions & Limitations

2.4.1 Assumptions

2.4.2 Limitations

3 Research Methodology$ 0.00

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

…Continued

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