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The global medical automation market is projected to grow at a cagr of 7.0% during the forecast period 2017-2023 and top key players are siemens ag, koninklijke philips n.v., general electric, accuray incorporated, medtronic, stryker, danaher

03-26-2019 02:02 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Kenneth Research

The global medical automation market is projected to grow at

Medical Automation Market Research Report: By Type (Diagnostic and Monitoring Automation, Therapeutic Automation, Lab & Pharmacy Automation, Medical Logistics & Training), By End Users (Hospitals, Pharmacies, Research Labs) – Global Forecast till 2023

Market analysis
Lately, different mechanical headways prompted the automation of the healthcare sector which has empowered the controlled utilization of healthcare systems and related innovations. This has reduced the requirement for human labor in the generation of products and services. Expanding pervasiveness of the chronic diseases like diabetes, cancer and others alongside the developing pharmaceutical and biotechnology industry are the significant drivers for the market development of the global medical automation market amid the forecast period. The growing demand for robotic surgeries is also boosting the growth of the market. Besides, it is recommended that blood transfusion rates amid robotic medical procedures are insignificant when contrasted with the open medical procedure blood transfusion rates that might be up to 40%. However, the higher automation costs, improper training of the physicians and the risks of performing robotic surgeries are hampering the market growth.

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The global medical automation market is projected to grow at a CAGR of 7.0% during the forecast period (2017-2023).
Market segmentation
The global medical automation market is distinguished on the basis of its end users and type. Based on its end users, the market is sectioned into pharmacies, research labs & institutes, hospitals, and diagnostic centers, research labs & institutes, among others. On the basis of its type, the global medical automation market is classified into therapeutic automation, diagnostic & monitoring automation, medical logistics & training, lab & pharmacy automation, and others.

Regional analysis
Geographically, the global medical automation market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major players
The major industry players included in the global medical automation market are Siemens AG, Koninklijke Philips N.V., GENERAL ELECTRIC, Accuray Incorporated, Medtronic, Stryker, Danaher, among others.

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able of Contents:

1 Report Prologue
2 Market Introduction
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
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing prevalence of the chronic diseases like cancer, diabetes, and others (Impact Weightage- 33%)
4.2.2 Growing pharmaceutical and biotechnology sector facilitates the automation of the medical sector (Impact Weightage- 35%)
4.2.3 Growing demands for robotic surgery and rising healthcare expenditure (Impact Weightage- 32%)
4.3 Restrains
4.3.1 High cost of automation (Impact Weightage-55%)
4.3.2 Risks associated to the robotic surgery followed by the necessity of physician training (Impact Weightage-45%)
5 Market Factor Analysis

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About Us

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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