Global Medical Automation 2016-2020 - Market to Reach USD 55.03 Billion by 2020 at CAGR of 9.5%

Mar 02, 2016, 08:10 ET from Research and Markets

DUBLIN, March 2, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/pj9fn2/medical) has announced the addition of the "Medical Automation Market by Application (Diagnostics & Monitoring, Therapeutics, Lab & Pharmacy Automation, Medical Logistics & Training), End-User (Hospital, Diagnostic Center, Research Institute, Home/Ambulatory Care) - Global Forecast to 2020" report to their offering.

The market is expected to reach USD 55.03 Billion by 2020, at CAGR of 9.5% from 2015 to 2020.

Continuous technological advancements in automation solutions, increasing government financial support for medical automation, rising labour costs, and growing need for reproducibility and accuracy are key factors fuelling the growth of the market for medical automation. Increasing demand for automation in laboratories and pharmacies and high potential for early detection and treatment of diseases due to automation are some other prime factors offering growth opportunities for players in the market for medical automation. However, high cost of automation is one of the key restraints for this market.

Emerging Asia-Pacific countries, including India and China, offer high growth potential for companies engaged in the development and marketing of automated solutions for the healthcare industry. Growing geriatric population; increasing cases of cardiovascular disease (CVD), diabetes, cancer, and orthopedic diseases; rising clinical research; and growing government expenditure on healthcare and life science research are the key factors propelling the growth of the medical automation market in the emerging countries.

On the basis of application, the medical automation market is divided into four segments, namely, diagnostic and monitoring automation (automated image analysis, automated imaging, and point-of-care testing), therapeutic automation (non-surgical automation and surgical automation), laboratory and pharmacy automation (laboratory automation and pharmacy automation), and medical logistics and training (logistic automation and trainers).

The medical logistics and training segment is expected to grow at the highest rate in the next five years, owing to high adoption of these automated systems (pneumatic tubes, AGV, RTLS, and RFID) by big hospitals and diagnostic centers.

The therapeutic automation market segment holds the largest share in the global market for medical automation. This segment is further categorized on the basis of product into non-surgical automation (defibrillators and automated medication systems) and surgical automation (surgical robots, intraoperative imaging, surgical navigation, intelligent operating rooms, and surgical simulators). In 2015, the non-surgical automation segment held a larger share of 72.9% of the global therapeutic automation market. The increasing incidences of various chronic diseases and technological advancements in defibrillators and medication systems are the key factors contributing to the growth of this market segment.

The global market for medical automation is divided into four segments on the basis of end users- hospitals and diagnostic centers, pharmacies, research laboratories and institutes, and home/ambulatory care settings and other end users.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Diagnostic & Monitoring Automation Market

7 Therapeutic Automation Market

8 Lab & Pharmacy Automation Market

9 Medical Logistics & Training Market

10 Market For Medical Automation, By End User

11 Market For Medical Automation, By Region

12 Competitive Landscape

13 Company Profiles

- Accuray Incorporated - Danaher Corporation - General Electric Company (GE) - Intuitive Surgical, Inc. - Koninklijke Philips N.V. - Medtronic PLC. - Siemens AG - Stryker Corporation - Swisslog Holding AG - Tecan Group Ltd.

For more information visit http://www.researchandmarkets.com/research/pj9fn2/medical

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