Medical Automation Market Estimated to Flourish by 2027 - Medtronic, Stryker, Danaher, Accuray Incorporated, Swisslog Holding, Intuitive Surgical and Tecan Trading AG
The medical industry is on the cusp of technological revolution and medical automation is the new frontier in diagnosis, surgeries and other medical procedures. Software and robots are infinitely better at executing certain crucial medical tasks like administering anesthesia. With the rapidly evolving technology, 22% of the work currently done by medical personnel could be automated. This could enhance the healthcare quality and with rise adoption of medical automation, scarcity of skilled labor is estimated to gradually subside.
The medical automation market is anticipated to grow in the forecast period owing to key factors such as growing need for reproducibility and accuracy, shortage of skilled workforce, rising labor costs, technological advancements in medical devices industry, rising government support for medical automation, and investments by private market players and collaborations to promote automated medical devices. However, stringent regulatory framework, and high cost of the automated medical devices, hampers growth of this market.
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Top Dominating Key Players:
1. Koninklijke Philips N.V.
2. Siemens AG
3. GENERAL ELECTRIC
7. Accuray Incorporated
8. Swisslog Holding Ltd.
9. Intuitive Surgical, Inc.
10. Tecan Trading AG
The global medical automation market is segmented on the basis of type, and end user. Based on type, the medical automation market is segmented into diagnostic & monitoring automation, therapeutic automation, lab & pharmacy automation, medical logistics & training. The end user segment consists of hospitals and diagnostic centers, pharmacies, research labs & institutes, home/ambulatory care settings.
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Medical Automation Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Medical automation market based type and end user. It also provides market size and forecast till 2027 for overall market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The medical automation market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
North America is expected to contribute to the largest share in the medical automation market in the forecast period, due to sophisticated healthcare infrastructure in the U.S., presence of large number of well-established market players in the U.S. and growing pushing the demand for automated services. However, Asia Pacific region is expected to be the fastest growing region owing to growing medical tourism sector in countries like Thailand, Malaysia, India, Singapore and others, presence of large patient population and rising awareness amongst patients for automated services.
The report analyzes factors affecting medical automation market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the medical automation market in these regions.
Medical Automation Market Report Content:
• Industry overview
• Industry trends
• Market drivers and restraints
• Market size
• Growth prospects
• Porter’s analysis
• PESTEL analysis
• Key market opportunities prioritized
• Company market share analysis
• Competitive landscape
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Reason to Buy:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Medical Automation Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Medical Automation, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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