Medical Automation Market - Global Industry Analysis

Medical Automation Market

Medical Automation Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Medical Device Report Format : PDF Report Code: ZMR-1395 Status : Upcoming

Description

Global Medical Automation Market: Overview

The term automation refers to use the software and control systems independently and helps in monitoring a mechanized system for the various industrial processes. The automated delivery of the medical practices helps in reducing the cost, errors and helps to streamline the processes with the outcomes that are far better. The increasing demand for reliable and accurate medical procedures, increasing labor cost, and the increasing investments by the government are contributing to the market growth.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Medical Automation Market: Segmentation

The medical automation market is globally segmented into its application, end use, and regions. On the basis of application, the global automation market is segregated into diagnostic and monitoring automation, lab and pharmacy automation, therapeutic automation and medical logistics and training. Based on the end user, the market is categorized into research laboratories & institutes, home & ambulatory care, hospitals & diagnostic centers, and pharmacies.

Global Medical Automation Market: Growth Factors

The medical automation market is a growing market owing to factors such as increasing demand for reliability and accuracy in medical procedures, technological advancements, increasing investments made by the government, rising labor costs, growing global prevalence of chronic conditions and growing application of point of care testing devices such as pregnancy test kit, HIV test kits and others. The automation of pharmacies and laboratories can provide various benefits such as minimization of errors, cost savings, reliability, and speed. This will exert a positive impact on the medical automation market. However, there are certain restraining factors to the market which include globally applicable strict government regulation for the manufacturers of medical device and cost issues.

Global Medical Automation Market: Regional Analysis

Region-wise, the medical automation market is diversified into regions such as North America, Asia-Pacific, Europe, and Rest of the World. The region that holds the largest market share in the medical automation market is the North America. North America is followed by Europe and Asia-Pacific region. The primary factor that contributes to the market growth is the increasing investments and funding that are initiated by the government. In the North American region, the US accounts for the largest market share in the medical automation market. It is due to the reason that the therapy segment accounts for the maximum revenue share in the US market followed by monitoring and diagnostics and training and logistics. The Asia Pacific region shows a healthy market growth in the future owing to the developments that are made in the developing regions such as China, Japan, Taiwan, and India. The factors that attribute to this growth is the drop in the number of labor, the rise in the investments made by the government.

Global Medical Automation Market: Competitive Players

The major market players in the medical automation market include Accuray, Inc., Asahi Kasei Corp., GE Healthcare, Medtronic, Inc., Omnicell, Inc., Philips Healthcare, St. Jude Medical, Inc., Swisslog Holdings AG, Simsurgery AS, Beckman Coulter, Inc., CAE, Ltd., Carefusion Corp., Lifescan, Inc., Intuitive Surgical Inc., Roche Holding AG, Siemens Healthcare, Stanley Black and Decker, Inc., Stryker Corporation, and Parata Systems LLC.

Global Medical Automation Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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