Sacramento News-Online

Medical Automation Market To Witness Commendable Growth Owing To Rising Adoption Rate of Automated Equipment For Therapy & Diagnosis of Chronic Disorders Till 2024 | Million Insights

 Breaking News
  • No posts were found

Medical Automation Market To Witness Commendable Growth Owing To Rising Adoption Rate of Automated Equipment For Therapy & Diagnosis of Chronic Disorders Till 2024 | Million Insights

September 04
05:38 2019
Medical Automation Market To Witness Commendable Growth Owing To Rising Adoption Rate of Automated Equipment For Therapy & Diagnosis of Chronic Disorders Till 2024 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global medical automation industry report includes in-depth market analysis by recent technologies, market size, share, trends, opportunities, challenges, key players and business strategies considering types, segment and future analysis.

The global Medical Automation Market in 2015 was estimated to be at USD 34.21 billion. The major factors impelling the growth are rising adoption rate of automated equipment for therapy and diagnosis of chronic disorders. According to a report by WHO, chronic diseases are considered to be the leading cause of mortality globally. These diseases include respiratory diseases, diabetes, heart disease, stroke and cancer which accounts for around 60% of deaths.

As per a research published by NCBI, around 40.5% of the population in U.S. is predicted to suffer from one or more than one cardiovascular disease by 2030, leading to expansion of the patient base. Increasing adoption of automated devices can be attributed to the rising demands for reproducibility and accuracy in wide array of medical procedures.

Full Research Report On Global Medical Automation Market Analysis available at:

Moreover, the rise in laboratory automation and benefits associated with automation in pharmacies is broadening the growth prospects further. These benefits include such as reliability, speed, reduction of errors in huge sampling and greater cost efficiency which is anticipated to positively impact future demand over the coming years. Furthermore, advent of technologically advanced products such as usage of robots in radio surgery, material handling in hospitals and others, are factors predicted to drive growth potential.

Application Insights

The largest share of over 35.0% in application segment was held by therapeutic automation in 2015. The dominance can be attributed to consistent rise in the adoption rate of automated devices such as therapeutic dispensing systems, defibrillators, surgical robots, automated microscopes, portable imaging device and orthopedic navigation systems.

The high demand for automation while performing minimally invasive surgeries is expected to widen the scope for adoption of robotic surgical systems thereby fueling to the medical automation industry over the coming years. The advantages offered by these systems such as increase in process efficiency and enhanced patient safety. In addition, they can be used as standard emergency care which is predicted to drive the growth prospects and further broaden the penetration of these systems in future.

End-use Insights

The segment was dominated by hospitals & diagnostics centers segment in 2015 with a share of more than 25.0%. The dominance can be attributed to growing usage of automated devices in pharmacies & laboratories sufficing various requirements in diagnostic procedures.

Automation in hospital segment, particularly in tier 2 & 3 cities of emerging economies of the Asia Pacific region such as India is presenting with lucrative opportunities. For example, the Indian hospitals including Fortis and Apollo are aiming at providing automated healthcare services which are operational in the region.

Moreover, presence of various government agencies such as National Patient Safety Agency is striving for improvement in penetration of automation in hospitals, which is responsible for greater share garnered by hospitals.

Regional Insights

A substantial revenue share of over 43.0% was held by North America in 2015 as a consequence of increasing healthcare expenditure by government healthcare and life science sectors to promote research. Europe held the second largest market share owing to demographic shift in geriatric patient base, possessing greater susceptibility to chronic disorders thereby pushing demand for automated point-of-care testing.

Additionally, presence of various government organizations including Medicine and Healthcare Products Regulatory Agency which validates automated systems in pharmacies and devices with the regulations of the region is predicted to provide growth opportunities in the coming years. Asia Pacific is anticipated to witness attractive growth opportunities during the forecast period owing to the frequent upgradation in healthcare infrastructure, growing patient awareness levels and prevalence of cardiovascular diseases, orthopedic disorders, cancer and diabetes.

Competitive Insights

The prominent players include Danaher Corporation, Koninklijke Philips N.V., Siemens AG, Stryker Corporation, Intuitive Surgical Inc., GE Healthcare, Swisslog Holding AG, Medtronic Plc., Tecan Group Ltd., Accuray Inc. Competition in the industry is high as a consequence of prominent players undertaking strategic initiatives such as acquisitions, technological advancements, new product launch and collaborations. For instance, Tecan acquired Sias AG in November 2015, to expand the business for providing mechanization solution for laboratory.

Moreover, the competitive nature of the industry is also a result of high amount of investments in R&D, contracts and distributive agreements, which are anticipated to keep industry rivalry high throughout the forecast period. For instance, Accuray Inc. and medPhoton GmbH entered in collaboration in May 2016, to strengthen their sales and distribution network.

Request for Free Sample Copy @

Market Segment:

Global Medical Automation Application Outlook (Revenue, USD Million, 2014 – 2024)
        • Diagnostic & Monitoring Automation
                • Automated imaging & analysis
                • Point-of-care testing
        • Therapeutic Automation
                • Surgical Automation
                • Non-surgical Automation
        • Lab and Pharmacy Automation
                • Laboratory Automation
                • Pharmacy Automation
        • Medical Logistics and Training

Global Medical Automation End-use Outlook (Revenue, USD Million, 2014 – 2024)
        • Hospitals & Diagnostic Centers
        • Research Laboratories & Institutes
        • Pharmacies
        • Home & Ambulatory Care

Medical Automation Regional Outlook (Revenue, USD Million, 2014 – 2024)
        • North America
                • U.S.
                • Canada
        • Europe
                • UK
                • Germany
        • Asia Pacific
                • Japan
                • China
                • India
        • Latin America
                • Mexico
                • Brazil
        • MEA
                • South Africa

Related Reports of This Category Available at Million Insights:

About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

For More Information:

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India