An international Medical Automation market research report is very much essential in many ways to grow the business and thrive in the market. The market transformations are highlighted here which occur because of the moves of key players and brands like developments, product launches, joint ventures, merges and accusations that in turn changes the view of the global face of healthcare IT industry. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Medical Automation market report is a vital document in planning business objectives or goals.
Global medical automation market is expected to reach USD 93,734.64 million by 2028 from USD 44,864.14 million in 2020, growing with a CAGR of 9.8% in the forecast period of 2021 to 2028. Growing number of surgical procedures and pandemic outbreak of COVID-19 is anticipated to drive the growth of the market.
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The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are Koninklijke Philips N.V.,Siemens Healthcare Private Limited,GENERAL ELECTRIC COMPANY,Medtronic,Tecan Trading AG,Intuitive Surgical.,StrykerDanaherSwisslog Holding AGParata SystemsStanley Black & Decker, IncF. Hoffmann-La Roche LtdAsahi Kasei Corporation.Omnicell, Inc.Beckman Coulter, Inc.
Insights of the report
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Medical Automation market.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Medical Automation market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- All the Challenges and growth opportunities in the Medical Automation market along with the market drivers and restrains.
Global Medical Automation Market Drivers And Restraints:
Increasing automation in cancer diagnostic for early cancer detection is expected to create new opportunity for the market.
Advancement & development in the automation technology and rising demand for accuracy & reproducibility is expected to enhance the market growth.
Some of the factors such as increasing government initiatives to enhance medical automation, high labor cost to enhance pharmacy automation, increasing investment by various manufacturers to enhance automated medical devices and rising cases of chronic diseases are the factors which will affect the growth of this market.
Some of the factors such as strict regulatory procedure delays product launches and implementation of high tax on medical devices is the factor which is restraining the growth of the market.
New market Developments
- In December 2020, Medtronic has announced that the U.S. Food and Drug Administration (FDA) have cleared the use of navigated interbody and Midas Rex high-speed drills with the Mazor Robotic guidance system earlier than originally anticipated. This clearance is anticipated to enhance the further growth of the company.
- In November 2020, GE Healthcare has announced a new artificial intelligence (AI) algorithm to help clinicians assess Endotracheal Tube (ETT) placements, a necessary and important step when ventilating critically ill COVID-19 patients. The AI solution is one of five included in GE Healthcare’s Critical Care Suite 2.0. It is estimated that this announcement anticipated escalating sales growth of company.
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Segmentation:Global Medical Automation Market
Split By Application
(Diagnostics & Monitoring, Therapeutics, Lab & Pharmacy Automation, Medical Logistics & Training),
Split By End- Users
(Hospitals and Diagnostic Centers, Pharmacies, Research Labs & Institutes, Home/Ambulatory Care Settings & Others),
Split By Country
(U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa), Market Trends and Forecast to 2027
Table of Contents:
2 Research Methodologies
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Compliance in Medical Automation Market
8 Medical Automation Market, By Service
9 Medical Automation Market, By Deployment Type
10 Medical Automation Market, By Organization Size
11 Medical Automation Market Analyses, By Vertical
12 Geographic Analyses
- North America
- South America
- Middle East & Africa
13 Competitive Landscapes
14 Detailed Company Profiles
15 Related Reports
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Customization Available : Global Medical Automation Market
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