Medical Automation Market Size - Industry Share Report

Medical Automation Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2020 Market Research Report to It’s a Database.

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The global medical automation market is estimated to grow at a CAGR of 9.5% from 2015 to 2020. Although North America holds a larger share in the medical automation market in 2015, the Asia-Pacific region is poised to grow at the highest CAGR in the next five years. High growth in this regional segment is majorly attributed to the increasing geriatric population along with rising incidence and prevalence of CVDs, diabetes, cancer, and orthopedic diseases; rising number of clinical research activities; and growing government expenditure on healthcare and life sciences research. In addition, increasing business operations by key players in developing Asian countries are further supporting the growth of this market.

The growth of the overall medical automation market is 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. In addition, investments by venture capitalists and collaborations to promote automated medical devices, and high potential of medical automation for the early detection and treatment of cancer are offering new growth opportunities for players in the medical automation market. On the other hand, stringency of the regulatory approval procedure and high cost of automation are the key challenges faced by the market players.

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In this report, the medical automation market 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 hospitals and diagnostic centers segment is estimated to account for the largest share of the global medical automation market in 2015. Major hospitals opening new centers in tier II and III cities and growing number of diagnostic laboratory chains driving the growth of this end-user segment.

Key Points From Table Of Content:

5 Market Overview

5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Need for Reproducibility and Accuracy to Fuel the Global Market For Medical Automation
5.3.1.2 Rising Labor Costs Driving A Need for Pharmacy Automation
5.3.1.3 Technological Advancements to Boost the Adoption of Automation Technology
5.3.1.4 Rising Government Support for Medical Automation
5.3.1.5 Investments By Venture Capitalists and Collaborations to Promote Automated Medical Devices
5.3.2 Restraints
5.3.2.1 Stringency of Regulatory Procedures Delays Product Launches
5.3.2.2 Implementation of Excise Tax on Medical Devices in the U.S.
5.3.3 Opportunities
5.3.3.1 Emerging Markets to Offer Significant Opportunities
5.3.3.2 Automation in Cancer Research for Early Cancer Detection and Reducing Cost of Cancer Treatment and Care
5.3.3.3 Growing Need for Automation in Various Segments
5.3.4 Challenges
5.3.4.1 High Cost of Automation
5.3.4.2 Survival of Small Players and New Entrants

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13 Company Profile
13.1 Introduction
13.2 Koninklijke Philips N.V.
13.3 Siemens AG
13.4 General Electric Company (GE)
13.5 Medtronic PLC.
13.6 Tecan Group Ltd.
13.7 Intuitive Surgical, Inc.
13.8 Stryker Corporation
13.9 Accuray Incorporated
13.10 Danaher Corporation
13.11 Swisslog Holding AG

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