Medical Automation market research report has been generated with the systematic gathering and assessment of market information for ABC industry which is presented in a form that explains various facts and figures to the business. This report offers exact information about market trends, industrial changes, and consumer behaviour etc. The market data presented in the report helps to recognize different market opportunities present internationally. It is always beneficial for any company, whether it is a small scale or large scale, to choose such market research report for marketing its products or services. Analytical study of this Medical Automation market report guides in formulating growth strategies to augment sales and build brand image in the market.
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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Market Overview:
Medical automation comprises the technology used to decrease medical errors, promote better management of various chronic illnesses along with enabling healthcare professionals to forestall prognosis. Medical automation controls the monitoring, diagnostic and therapeutic machinery which aids the healthcare professionals in the major responsive tasks in various healthcare facilities.
The advancement in technologies brings many advantages towards the patient’s treatment program with improvement in clinical efficiency and increased patient safety, thus the technological advancement and development anticipated to bolster the medical automation market growth in the forecast period. The increasing side effects of medical automation is acting as a restraint and hampering the demand of the medical automation market. The growing support by healthcare organizations and government bodies, significantly influencing the demand for medical automation, thus it is estimated that increase in the growing support by healthcare organizations and government bodies for prevention of diseases acts as an opportunity for the medical automation market growth in the forecast period. Growing number of recalls by major and niche market players across the world anticipated to challenge the demand of the medical automation market growth.
Some of the major players operating in the global medical automation market are Brainlab AG, eScreen (a subsidiary of Abbott), QMeds Inc., HollySys Asia Pacific Pte Ltd., SP Automation Robotics, Asahi Kasei Medical Co., Ltd. (a subsidiary of Asahi Kasei Corporation), Asteres Inc., ARxIUM, MedAvail Technologies, Inc., Stereotaxis, Inc., Parata Systems, LLC, 3M, Accuray Incorporated, Intuitive Surgical, Medtronic, Stryker, Cardinal Health, Omnicell, Inc., STANLEY Healthcare, Leica Biosystems Nussloch GmbH (a subsidiary of Danaher), McKesson Corporation, BD, Baxter, iCAD Inc., Tecan Trading AG, Siemens Healthcare GmbH, Koninklijke Philips N.V., GE Healthcare and Johnson Johnson Services, Inc. among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Medical Automation Market scope and market size
The medical automation market is categorized into six notable segments which are based on the component, type, application, connectivity, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the medical automation market is segmented into equipment, software and services. In 2021, equipment segment is expected to dominate due to growing number of hospitals, which are significantly affecting on further growing demand of equipment.
- On the basis of type, the medical automation market is segmented into automated prescription formulation and dispensing, automated health assessment and monitoring, automated imaging and image analysis, automated healthcare logistics, resource and personnel tracking, medical robotics and computer-assisted surgical devices, automated therapeutic (nonsurgical) procedures and automated laboratory testing and analysis. In 2021, automated therapeutic (nonsurgical) procedures segment is dominating because of the rising number of diabetics as well as cardiac patients requiring automated therapeutic devices such as insulin pumps and defibrillators for their treatment.
- On the basis of application, the medical automation market is segmented into diagnostics monitoring, therapeutics, lab pharmacy automation, medical logistics training and others. In 2021, therapeutics segment is dominating because of the increased demand of therapeutics interventions due to the surging cases of chronic diseases and advancement in technologies.
- On the basis of connectivity, the medical automation market is segmented into wired and wireless. In 2021, wired segment is expected to dominate because of the availability of broad product range in the segment.
- On the basis of end user, the medical automation market is segmented into hospitals, diagnostic center, pharmacies, research labs institutes, homecare, specialty clinics, ambulatory surgical centers (ASCs) and others. In 2021, hospitals segment is dominating as it is the prime location visited by patients for diagnosis and treatment of any chronic disease or emergency case.
- On the basis of distribution channel, the medical automation market is segmented into direct tender, retail sales, online sales and others. In 2021, direct tender segment is dominating due to growing demand from hospitals and laboratories.
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TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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