Medical Automation Market Share , Industry Size , Analysis And Forecast To 2024| Grand View Research, Inc
“The global medical automation market was valued at USD 34.21 billion in 2015. The rising prevalence of chronic diseases and the increasing adoption of automated equipment for diagnosis and therapy are the factors propelling the market growth.�
Global medical automation market is expected to reach USD 79.4 billion by 2024, according to a new report by Grand View Research, Inc. The increasing demand for accuracy and reproducibility required during medical procedures is the high impact rendering driver for the medical automation market. The rising adoption of these devices is attributed to the advantages associated with automated systems. For example, the automation of tedious tasks such as sampling, monitoring of quality, quantity, packaging and labeling, and scanning of medicines and devices, have reduced human efforts and increased speed and accuracy, which has led to increased dependency on these automated systems. Moreover, the growing global prevalence of chronic conditions such as diabetes, cancer, arthritis, and chronic obstructive pulmonary disease (COPD) is further pushing the demand for therapeutic, laboratory and pharmacy automated medication systems, which are faster and more productive. As per the World Health Organization (WHO) estimates, cardiovascular diseases (CVDs) is the leading cause of mortality around the globe; in addition, an exponential rise has been witnessed in the diabetes cases from 108 million in 1980 to 422 million in 2014. The aforementioned factors are responsible for creating the need for automated medical equipments over the forecast period. Furthermore, with the advent of technologically advanced defibrillators and ablation therapies, this market is expected to gain swift growth in its market share in the near future. For instance, automation in the following pharmacy-based functions, medication dispensing, storage, and retrieval enables traceability and track ing, which in turn improves patient safety and reduces errors. Furthermore, there is an increased focus on incorporating automation in hospitals due to the associated benefits, such as reduction of errors and operational costs; these factors altogether are expected to present this market with high growth opportunities in the near future.
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Browse Details of Report @https://www.grandviewresearch.com/industry-analysis/medical-automation-market Further key findings from the study suggest: •
The therapeutic segment was observed to dominate in terms of revenue share in 2015owing to the high usage rate of automated devices in the non-surgical procedures, such as external defibrillators, an implantable cardioverter, and wearable/ implantable drug pumps
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On the other hand, the medical logistics and training segment is expected to grow at a lucrative CAGR of over 10.0%. The rising adoption of advanced systems, such as Pneumatic Tube Systems (PTS) used in material transportation and Real Time Location System (RTLS) in location-tracking, contributes towards the overall medical automation market growth during the forecast period.
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The research laboratories and institutes segment is also identified as a lucrative segment due to, the rising demand for automated research laboratories that are helpful in the detection and the treatment of chronic diseases. These laboratory automated systems help in reducing demand and supply gaps by mechanization, which yields rapid results and increases overall productivity. This is expected to further enhance its usage over the forecast period.
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With an aim to address the increasing demand for advanced molecular diagnostic techniques in cancer, the Leiden University Medical Center have recently succeeded in isolating DNA and RNA from small tissue samples using a high-throughput, fully automated solution by Siemens. Innovations like these are expected to present the market with significant growth opportunities.
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Some key players in this industry include Accuray, Inc., Tecan Group Ltd., Medtronic Plc., Swisslog Holding AG, GE Healthcare, Intuitive Surgical, Inc., Stryker Corporation, Siemens AG, Koninklijke Philips N.V., and Danaher Corporation.
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These industry players are adopting strategies such as technological innovation, new product launches, and strategic collaborations including mergers and acquisitions to capitalize untapped opportunities. For instance, in July 2015, Medtronic Plc. acquired RF Surgical Systems, Inc., for further expansion of its business and with the aim of capturing a huge market share of the medical automation market in the coming years.
Grand View Research has segmented the medical automation market on the basis of application, end -use, and region: Global Medical Automation Application Outlook (Revenue, USD Million, 2014 - 2024) • Diagnostic & Monitoring Automation
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Automated imaging & analysis
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Point-of-care testing
Therapeutic Automation o
Surgical Automation
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Non-surgical Automation
Lab and Pharmacy Automation o
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Laboratory Automation
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Pharmacy Automation
Medical Logistics and Training
Global Medical Automation End-use Outlook (Revenue, USD Million, 2014 - 2024) • Hospitals & Diagnostic Centers •
Research Laboratories & Institutes
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Pharmacies
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Home & Ambulatory Care
Medical Automation Regional Outlook (Revenue, USD Million, 2014 - 2024) • North America
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U.S.
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Canada
Europe o
UK
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Germany
Asia Pacific o
Japan
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China
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India
Latin America o
Mexico
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Brazil
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South Africa
MEA
Browse Related Category Reports @ https://www.grandviewresearch.com/industry/medical-devices Table of Content of Medical Automation Market Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Medical automation Market- Industry Snapshot and Key Buying Criteria, 2015
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Chapter 3. Medical automation Industry Outlook 3.1. Medical automation Market Segmentation 3.2. Medical automation Market Size and Growth Prospects 3.3. Medical automation Market Dynamics 3.3.1. Market Driver Analysis 3.3.1.1. Increasing application of automated devices 3.3.1.2. Increasing incidences of chronic diseases 3.3.2. Market Restraint Analysis 3.3.2.1. Stringent regulatory procedures 3.3.2.2. High cost of automated solutions 3.4. Key Opportunities Prioritized 3.5. Medical automation Competitive Landscape, 2015 3.5.1. Competitive Landscape: Market Position Analysis (based on products, regional presence, and strategic initiatives) 3.6. Industry Analysis - Porter's 3.7. Medical automation Market PESTEL Analysis, 2015 Chapter 4. Medical Automation Application Outlook 4.1. Medical Automation Market Share By application, 2015 & 2024 4.2. Diagnostic & Monitoring Automation 4.2.1. Diagnostic & Monitoring Automation Market Estimates, 2013 - 2015 4.2.2. Diagnostic & Monitoring Automation Market Forecasts, 2016 - 2024 4.2.3. Automated imaging & analysis 4.2.3.1. Automated imaging & analysis Market Estimates, 2013 - 2015 4.2.3.2. Automated imaging & analysis Market Forecasts, 2016 - 2024 4.2.4. Point-of-care testing 4.2.4.1. Point-of-care testing Market Estimates, 2013 - 2015 4.2.4.2. Point-of-care testing Market Forecasts, 2016 - 2024 4.3. Therapeutic Automation 4.3.1. Therapeutic Automation Market Estimates, 2013 - 2015 4.3.2. Therapeutic Automation Market Forecasts, 2016 - 2024 4.3.3. Surgical Automation 4.3.3.1. Surgical Automation Market Estimates, 2013 - 2015
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4.3.3.2. Surgical Automation Market Forecasts, 2016 - 2024 4.3.4. Non-surgical Automation 4.3.4.1. Non-surgical Automation Market Estimates, 2013 - 2015 4.3.4.2. Non-surgical Automation Market Forecasts, 2016 - 2024 4.4. Lab & Pharmacy Automation 4.4.1. Lab & Pharmacy Automation Market Estimates, 2013 - 2015 4.4.2. Lab & Pharmacy Automation Market Forecasts, 2016 - 2024 4.4.3. Laboratory Automation 4.4.3.1. Laboratory Automation Market Estimates, 2013 - 2015 4.4.3.2. Laboratory Automation Market Forecasts, 2016 - 2024 4.4.4. Pharmacy Automation 4.4.5. Pharmacy Automation Market Estimates, 2013 - 2015 4.4.6. Pharmacy Automation Market Forecasts, 2016 - 2024 4.5. Medical Logistics & Training 4.5.1. Medical Logistics & Training Market Estimates, 2013 - 2015 4.5.2. Medical Logistics & Training Market Forecasts, 2016 - 2024 Chapter 5. Medical Automation End-use Outlook 5.1. Medical Automation Market Share By Technology, 2015 & 2024 5.2. Hospitals & Diagnostic Centers 5.2.1. Hospitals & Diagnostic Centers Market Estimates, 2013 - 2015 5.2.2. Hospitals & Diagnostic Centers Market Forecasts, 2016 - 2024 5.3. Research Laboratories & Institutes 5.3.1. Research Laboratories & Institutes Market Estimates, 2013 - 2015 5.3.2. Research Laboratories & Institutes Market Forecasts, 2016 - 2024 5.4. Pharmacies 5.4.1. Pharmacies Market Estimates, 2013 - 2015 5.4.2. Pharmacies Market Forecasts, 2016 - 2024 5.5. Home & Ambulatory Care 5.5.1. Home & Ambulatory Care Market Estimates, 2013 - 2015 5.5.2. Home & Ambulatory Care Market Forecasts, 2016 - 2024 Chapter 6. Medical Automation Regional Outlook 6.1. Medical Automation Market Share By Region, 2015 & 2024
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6.2. North America 6.2.1. North America Market Estimates, By Application, 2013 - 2015 (USD Million) 6.2.2. North America Market Forecasts, By Application, 2016 - 2024 (USD Million) 6.2.2.1. U.S. Market Estimates 6.2.2.2. U.S. Market Forecasts 6.2.2.3. Canada Market Estimates 6.2.2.4. Canada Market Forecasts 6.2.3. North America Market Estimates, By End-use, 2013 - 2015 (USD Million) 6.2.4. North America Market Forecasts, By End-use, 2016 - 2024 (USD Million) 6.2.4.1. U.S. Market Estimates 6.2.4.2. U.S. Market Forecasts 6.2.4.3. Canada Market Estimates 6.2.4.4. Canada Market Forecasts 6.3. Europe 6.3.1. Europe Market Estimates, By Application, 2013 - 2015 (USD Million) 6.3.2. Europe Market Forecasts, By Application, 2016 - 2024 (USD Million) 6.3.2.1. UK Market Estimates 6.3.2.2. UK Market Forecasts 6.3.2.3. Germany Market Estimates 6.3.2.4. Germany Market Forecasts 6.3.3. Europe Market Estimates, By End-use, 2013 - 2015 (USD Million) 6.3.4. Europe Market Forecasts, By End-use, 2016 - 2024 (USD Million) 6.3.4.1. UK Market Estimates 6.3.4.2. UK Market Forecasts 6.3.4.3. Germany Market Estimates 6.3.4.4. Germany Market Forecasts 6.4. Asia Pacific 6.4.1. Asia Pacific Market Estimates, By Application, 2013 - 2015 (USD Million) 6.4.2. Asia Pacific Market Forecasts, By Application, 2016 - 2024 (USD Million) 6.4.2.1. Japan Market Estimates 6.4.2.2. Japan Market Forecasts 6.4.2.3. China Market Estimates
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6.4.2.4. China Market Forecasts 6.4.2.5. India Market Estimates 6.4.2.6. India Market Forecasts 6.4.3. Asia Pacific Market Estimates, By End-use, 2013 - 2015 (USD Million) 6.4.4. Asia Pacific Market Forecasts, By End-use, 2016 - 2024 (USD Million) 6.4.4.1. Japan Market Estimates 6.4.4.2. Japan Market Forecasts 6.4.4.3. China Market Estimates 6.4.4.4. China Market Forecasts 6.4.4.5. India Market Estimates 6.4.4.6. India Market Forecasts 6.5. Latin America 6.5.1. Latin America Market Estimates, By Application, 2013 - 2015 (USD Million) 6.5.2. Latin America Market Forecasts, By Application, 2016 - 2024 (USD Million) 6.5.2.1. Brazil Market Estimates 6.5.2.2. Brazil Market Forecasts 6.5.2.3. Mexico Market Estimates 6.5.2.4. Mexico Market Forecasts 6.5.3. Latin America Market Estimates, By End-use, 2013 - 2015 (USD Million) 6.5.4. Latin America Market Forecasts, By End-use, 2016 - 2024 (USD Million) 6.5.4.1. Brazil Market Estimates 6.5.4.2. Brazil Market Forecasts 6.5.4.3. Mexico Market Estimates 6.5.4.4. Mexico Market Forecasts 6.6. MEA 6.6.1. MEA Market Estimates, By Application, 2013 - 2015 (USD Million) 6.6.2. MEA Market Forecasts, By Application, 2016 - 2024 (USD Million) 6.6.2.1. South Africa Market Estimates 6.6.2.2. South Africa Market Forecasts 6.6.3. MEA Market Estimates, By End-use, 2013 - 2015 (USD Million) 6.6.4. MEA Market Forecasts, By End-use, 2016 - 2024 (USD Million) 6.6.4.1. South Africa Market Estimates
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6.6.4.2. South Africa Market Forecasts Chapter 7. Competitive Landscape 7.1. Accuray, Inc. 7.1.1. Company Overview 7.1.2. Financial Performance 7.1.3. Product Benchmarking 7.1.4. Strategic Initiatives 7.2. Tecan Group Ltd. 7.2.1. Company Overview 7.2.2. Financial Performance 7.2.3. Product Benchmarking 7.2.4. Strategic Initiatives 7.3. Medtronic Plc. 7.3.1. Company Overview 7.3.2. Financial Performance 7.3.3. Product Benchmarking 7.3.4. Strategic Initiatives 7.4. Swisslog Holding AG 7.4.1. Company Overview 7.4.2. Financial Performance 7.4.3. Product Benchmarking 7.4.4. Strategic Initiatives 7.5. GE Healthcare 7.5.1. Company Overview 7.5.2. Financial Performance 7.5.3. Product Benchmarking 7.5.4. Strategic Initiatives 7.6. Intuitive Surgical, Inc. 7.6.1. Company Overview 7.6.2. Financial Performance 7.6.3. Product Benchmarking 7.6.4. Strategic Initiatives
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7.7. Stryker Corporation 7.7.1. Company Overview 7.7.2. Financial Performance 7.7.3. Product Benchmarking 7.7.4. Strategic Initiatives 7.8. Siemens AG 7.8.1. Company Overview 7.8.2. Financial Performance 7.8.3. Product Benchmarking 7.8.4. Strategic Initiatives 7.9. Koninklijke Philips N.V. 7.9.1. Company Overview 7.9.2. Financial Performance 7.9.3. Product Benchmarking 7.9.4. Strategic Initiatives 7.10. Danaher Corporation 7.10.1. Company Overview 7.10.2. Financial Performance 7.10.3. Product Benchmarking 7.10.4. Strategic Initiatives
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