Development in the pharmaceutical industry drives global medical automation.

Automation is defined as the use of control systems and information technologies to reduce the need for human work in the production of goods and services.

medical automation market

Now automation surrounds us every day in our lives, including automated teller machines (ATMs), Redbox DVD rentals, self-checkout at the grocery store, cellphone-controlled thermostats, auto park assist in vehicles, and many more routine activities managed by technology. Despite its use for years in banking, retail and other industries, healthcare has lagged behind in its use of automation. The recent pressure from healthcare reform and increased competition is driving a heightened interest to reduce costs and eliminate waste in healthcare delivery. And that has brought the adoption of automation to the spotlight.

Lately, different mechanical headways prompted the automation of the healthcare sector which has empowered the controlled utilization of healthcare systems and related innovations. This has reduced the requirement for human labor in the generation of products and services. Expanding pervasiveness of chronic diseases like diabetes, cancer and others alongside the developing pharmaceutical and biotechnology industry are the significant drivers for the market development of the global medical automation market amid the forecast period. The growing demand for robotic surgeries is also boosting the growth of the market. Besides, it is recommended that blood transfusion rates amid robotic medical procedures are insignificant when contrasted with the open medical procedure blood transfusion rates that might be up to 40%. However, the higher automation costs, improper training of the physicians and the risks of performing robotic surgeries are hampering the market growth.

Healthcare Industry trends

The global medical automation market is distinguished on the basis of its end users and type. Based on its end users, the market is sectioned into pharmacies, research labs & institutes, hospitals, and diagnostic centers, research labs & institutes, among others. On the basis of its type, the global medical automation market is classified into therapeutic automation, diagnostic & monitoring automation, medical logistics & training, lab & pharmacy automation, and others.

The global medical automation market to grow at a CAGR of 7.0% during the forecast period (2017-2023).

Major players: The major industry players included in the global medical automation market are

Siemens AG,
Koninklijke Philips N.V.,
GENERAL ELECTRIC,
Accuray Incorporated,
Medtronic,
Stryker,
Danaher

Get Competitive Landscape and Company Profiles - Financials, Products, Strategy, and Key Developments for the above mentioned Key players.

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