HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: February 2016
Report Code: MD 1311

 

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The global medical automation market over the forecast period of 2015 to 2020. 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.

Koninklijke Philips N.V. (Netherlands), Siemens AG (Germany), General Electric Company (U.S.), Intuitive Surgical, Inc. (U.S.), Stryker Corporation (U.S.), Accuray Incorporated (U.S.), Danaher Corporation (U.S.), and Swisslog Holding AG (Switzerland) are some of the key players in the market for medical automation. As of 2014, Medtronic plc (U.S.) held the leadership position in the global implantable cardioverter defibrillators market. Over the past three years, the company adopted new product launches; collaborations; and product approvals as its key business strategies to ensure its dominance in this market. Similarly, in 2014, Tecan Group Ltd. (Switzerland) held the leadership position in the laboratory automation market. The company focuses on new product launches and product enhancements as its key strategy to sustain its leading position in the laboratory automation market.

Scope of the Report

This research report categorizes the global market for medical automation into the following segments:

Global Diagnostics and Monitoring Automation Market

  • Automated Imaging
    • Automated Fluoroscopy
    • Automated Radiography
    • Automated Microscopy
    • Capsule Endoscopy
  • Point-of-care Testing (POCT)
  • Automated Image Analysis

Global Therapeutic Automation Market

  • Non-surgical Automation Market
    • Defibrillators
      • Implantable Cardioverter Defibrillators
      • Automated External (Portable) Defibrillators
      • Wearable Defibrillators
      • Automated Medication Delivery Systems
        • Implantable Drug Pumps
        • Wearable Drug Pumps
  • Surgical Automation Market
    • Surgical Robots
      • da Vinci
      • CyberKnife
      • RIO
      • Renaissance
    • Intelligent Operating Rooms
    • Intraoperative Imaging
      • Intraoperative Ultrasound
      • Intraoperative CT
      • Intraoperative MRI
    • Surgical Navigation Systems
    • Surgical Simulators

Global Pharmacy and Laboratory Automation Market

  • Laboratory Automation Market
    • Automated Liquid Handling
    • Microplate Readers
    • Software & Informatics
    • Standalone Robots
    • Automated Storage & Retrieval Systems (ASRS)
  • Pharmacy Automation Market
    • Automated Medication Dispensing Systems
    • Automated Packaging and Labeling Systems
    • Automated Medication Compounding Systems

Global Medical Logistics & Training Automation Market

  • Logistics Automation
    • Hospital Asset/Patient/Staff Tracking Systems Market
      • Radiofrequency Identification
      • Real-time Location Systems (RTLS)
    • Automated Hospital Pickup & Delivery
      • Pneumatic Tube Systems (PTS)
      • Automated Guided Vehicles (AGV)
  • Trainers

Global Market For Medical Automation, by End User

  • Hospitals & Diagnostic Centers
  • Research Laboratories & Institutes
  • Pharmacies
  • Home/Ambulatory Care Settings & Others

Global Market For Medical Automation, by Region

  • North America
    • U.S.
    • Canada
  • Europe
  • Asia-Pacific
  • Rest of the World

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Data From Primary Sources
                    2.1.2.3 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 31)
    3.1 Introduction
    3.2 Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 36)
    4.1 Global Market For Medical Automation: Overview
    4.2 Diagnostics & Monitoring Automation Market Share, By Type and Region, 2015 (USD Million)
    4.3 Therapeutic Automation Market Growth Rate, By Product and Region, 2015 (USD Million)
    4.4 Laboratory & Pharmacy Automation Market, By Product, 2015 (USD Million)
    4.5 Market For Medical Automation,  By End User and Region, 2015 (USD Million)

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Need for Reproducibility and Accuracy to Fuel the Global Market For Medical Automation
                    5.3.1.2 Rising Labor Costs Driving A Need for Pharmacy Automation
                    5.3.1.3 Technological Advancements to Boost the Adoption of Automation Technology
                    5.3.1.4 Rising Government Support for Medical Automation
                    5.3.1.5 Investments By Venture Capitalists and Collaborations to Promote Automated Medical Devices
           5.3.2 Restraints
                    5.3.2.1 Stringency of Regulatory Procedures Delays Product Launches
                    5.3.2.2 Implementation of Excise Tax on Medical Devices in the U.S.
           5.3.3 Opportunities
                    5.3.3.1 Emerging Markets to Offer Significant Opportunities
                    5.3.3.2 Automation in Cancer Research for Early Cancer Detection and Reducing Cost of Cancer Treatment and Care
                    5.3.3.3 Growing Need for Automation in Various Segments
           5.3.4 Challenges
                    5.3.4.1 High Cost of Automation
                    5.3.4.2 Survival of Small Players and New Entrants

6  Diagnostic & Monitoring Automation Market (Page No. - 49)
    6.1 Introduction
    6.2 Automated Imaging
           6.2.1 Automated Radiography
           6.2.2 Automated Fluoroscopy (C-ARM)
           6.2.3 Automated Microscopy
           6.2.4 Capsule Endoscopy
    6.3 Point-Of-Care Testing (POCT) Market
    6.4 Automated Image Analysis

7 Therapeutic Automation Market (Page No. - 61)
    7.1 Introduction
    7.2 Non-Surgical Automation
           7.2.1 Defibrillators
                    7.2.1.1 Implantable Cardioverter Defibrillators (ICD)
                    7.2.1.2 Automated External Defibrillators (AEDS)
                    7.2.1.3 Wearable Defibrillators
           7.2.2 Automated Medication Systems
                    7.2.2.1 Implantable Drug Pumps
                    7.2.2.2 Wearable Drug Pumps
    7.3 Surgical Automation
           7.3.1 Surgical Robots
                    7.3.1.1 DA Vinci
                    7.3.1.2 RIO
                    7.3.1.3 Cyberknife
                    7.3.1.4 Renaissance
                    7.3.1.5 Innovations in Surgical Robots
                               7.3.1.5.1 Artas Robotic System
                               7.3.1.5.2 Microbots
                               7.3.1.5.3 Sofie (Surgeon’s Operating Force-Feedback Interface Eindhoven)
                               7.3.1.5.4 Ares Prototype Robot
                               7.3.1.5.5 Raven IV
           7.3.2 Intraoperative Imaging
                    7.3.2.1 Intraoperative Computed Tomography (ICT) Scanners
                    7.3.2.2 Intraoperative Magnetic Resonance Imaging (IMRI)
                    7.3.2.3 Intraoperative Ultrasound Imaging (IOUS)
           7.3.3 Surgical Navigation
           7.3.4 Intelligent Operating Rooms
           7.3.5 Surgical Simulators

8 Lab & Pharmacy Automation Market (Page No. - 85)
    8.1 Introduction
    8.2 Lab Automation
           8.2.1 Automated Liquid Handling Systems
           8.2.2 Microplate Readers
           8.2.3 Stand-Alone Robots
           8.2.4 Automated Storage & Retrieval Systems
           8.2.5 Software & Informatics
    8.3 Pharmacy Automation
           8.3.1 Automated Medication Dispensing Systems
           8.3.2 Automated Packaging & Labeling Systems
           8.3.3 Automated Medication Compounding Systems

9 Medical Logistics & Training Market (Page No. - 102)
    9.1 Introduction
    9.2 Logistic Automation
           9.2.1 Automated Hospital Pickup & Delivery Systems
                    9.2.1.1 Pneumatic Tube Systems (PTS)
                    9.2.1.2 Automated Guided Vehicles (AGVS)
           9.2.2 Hospital Asset/Patient/Staff Tracking Systems Market
                    9.2.2.1 Radio-Frequency Identification (RFID)
                    9.2.2.2 Real-Time Locating Systems (RTLS)
    9.3 Trainers

10 Market For Medical Automation, By End User (Page No. - 113)
     10.1 Introduction
     10.2 Hospitals and Diagnostic Centers
     10.3 Pharmacies
     10.4 Research Labs & Institutes
     10.5 Home/Ambulatory Care Settings & Others

11 Market For Medical Automation, By Region (Page No. - 120)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
     11.3 Europe
     11.4 Asia-Pacific
     11.5 Rest of the World

12 Competitive Landscape (Page No. - 137)
     12.1 Overview
     12.2 Market Share Analysis, By Key Player, 2014
             12.2.1 Key Players in the Implantable Cardioverter Defibrillators Market, 2014
             12.2.2 Key Players in the Lab Automation Market, 2014
     12.3 Competitive Situation and Trends
             12.3.1 New Product Launches, Product Enhancement, and Product Approvals
             12.3.2 Agreements, Acquisition, Partnerships, and Collaborations
             12.3.3 Product Showcases and Conferences
             12.3.4 Expansion
             12.3.5 Other Strategies

13 Company Profile (Page No. - 144)
     13.1 Introduction
     13.2 Koninklijke Philips N.V.
     13.3 Siemens AG
     13.4 General Electric Company (GE)
     13.5 Medtronic PLC.
     13.6 Tecan Group Ltd.
     13.7 Intuitive Surgical, Inc.
     13.8 Stryker Corporation
     13.9 Accuray Incorporated
     13.10 Danaher Corporation
     13.11 Swisslog Holding AG

*Details on Financials, Products & Services, Key Strategy, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 179)
     14.1 Discussion Guide*
     14.2 Other Developments
             14.2.1 Koninklijke Philips N.V.
             14.2.2 Siemens AG
             14.2.3 General Electric Company (GE)
             14.2.4 Medtronic PLC
             14.2.5 Intuitive Surgical, Inc.
             14.2.6 Stryker Corporation
             14.2.7 Accuray Incorporated
             14.2.8 Tecan Group Ltd.
             14.2.9 Danaher Corporation
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports


List of Tables (92 Tables)

Table 1 Diagnostic & Monitoring Automation Market Size, By Type, 2013-2020 (USD Million)
Table 2 Diagnostic & Monitoring Automation Market Size, By Region, 2013-2020 (USD Million)
Table 3 Automated Imaging Market Size, By Type, 2013-2020 (USD Million)
Table 4 Automated Imaging Market Size, By Region, 2013-2020 (USD Million)
Table 5 Automated Radiography Market Size, By Region, 2013-2020 (USD Million)
Table 6 Automated Fluoroscopy Market Size, By Region, 2013-2020 (USD Million)
Table 7 Automated Microscopy Market Size, By Region, 2013-2020 (USD Million)
Table 8 Capsule Endoscopy Market Size, By Region, 2013-2020 (USD Million)
Table 9 Point-Of-Care Testing Market Size, By Region, 2013-2020 (USD Million)
Table 10 Automated Image Analysis Market Size, By Region, 2013-2020 (USD Million)
Table 11 Therapeutic Automation Market Size, By Type, 2013–2020 (USD Million)
Table 12 Therapeutic Automation Market Size, By Region, 2013–2020 (USD Million)
Table 13 Non-Surgical Automation Market Size, By Type, 2013–2020 (USD Million)
Table 14 Non-Surgical Automation Market Size, By Region, 2013–2020 (USD Million)
Table 15 Defibrillators Market Size, By Type, 2013–2020 (USD Million)
Table 16 Defibrillators Market Size, By Region, 2013–2020 (USD Million)
Table 17 Implantable Cardioverter Defibrillators Market Size, By Region, 2013–2020 (USD Million)
Table 18 Automated External Defibrillators Market Size, By Region, 2013–2020 (USD Million)
Table 19 Wearable Defibrillators Market Size, By Region, 2013–2020 (USD Million)
Table 20 Automated Medication Systems Market Size, By Type, 2013–2020 (USD Million)
Table 21 Implantable Drug Pumps Market Size, By Region, 2013–2020 (USD Million)
Table 22 Surgical Automation Market Size, By Type, 2013–2020 (USD Million)
Table 23 Surgical Automation Market Size, By Region, 2013–2020 (USD Million)
Table 24 Surgical Robots Market Size, By Type, 2013–2020 (USD Million)
Table 25 Surgical Robots Market Size, By Region, 2013–2020 (USD Million)
Table 26 Intraoperative Imaging Market Size, By Type, 2013–2020 (USD Million)
Table 27 Intraoperative Imaging Market Size, By Region, 2013–2020 (USD Million)
Table 28 Intraoperative Computed Tomography Scanners Market Size, By Region, 2013–2020 (USD Million)
Table 29 Intraoperative Magnetic Resonance Imaging Market Size, By Region, 2013–2020 (USD Million)
Table 30 Intraoperative Ultrasound Imaging Market Size, By Region, 2013–2020 (USD Million)
Table 31 Surgical Navigation Market Size, By Region, 2013–2020 (USD Million)
Table 32 Intelligent Operating Rooms Market Size, By Region, 2013–2020 (USD Million)
Table 33 Surgical Simulators Market Size, By Region, 2013–2020 (USD Million)
Table 34 Lab & Pharmacy Automation Market Size, 2013-2020 (USD Million)
Table 35 Lab & Pharmacy Automation Market Size, By Region, 2013-2020 (USD Million)
Table 36 Lab Automation Market Size, By Product Type, 2013-2020 (USD Million)
Table 37 Lab Automation Market Size, By Region, 2013-2020 (USD Million)
Table 38 Automated Liquid Handling Systems Market Size, By Region, 2013-2020 (USD Million)
Table 39 Microplate Readers Market Size, By Region, 2013-2020 (USD Million)
Table 40 Stand-Alone Robots Market Size, By Region, 2013-2020 (USD Million)
Table 41 Automated Storage & Retrieval Systems Market Size, By Region, 2013-2020 (USD Million)
Table 42 Software and Informatics Market Size, By Region, 2013-2020 (USD Million)
Table 43 Pharmacy Automation Market Size, By Product Type, 2013-2020 (USD Million)
Table 44 Pharmacy Automation Market Size, By Region, 2013-2020 (USD Million)
Table 45 Automated Medication Dispensing Systems Market Size, By Region, 2013-2020 (USD Million)
Table 46 Automated Packaging & Labeling Systems Market Size, By Region, 2013-2020 (USD Million)
Table 47 Automated Medication Compounding Systems Market Size, By Region, 2013-2020 (USD Million)
Table 48 Medical Logistics & Training Market Size, By Type, 2013–2020 (USD Million)
Table 49 Medical Logistics & Training Market Size, By Region, 2013–2020 (USD Million)
Table 50 Logistic Automation Market Size, By Type, 2013–2020 (USD Million)
Table 51 Logistic Automation Market Size, By Region, 2013–2020 (USD Million)
Table 52 Automated Hospital Pickup & Delivery Systems Market Size, By Type, 2013–2020 (USD Million)
Table 53 Automated Hospital Pickup & Delivery Systems Market Size, By Region, 2013–2020 (USD Million)
Table 54 Pneumatic Tube Systems Market Size, By Region, 2013–2020 (USD Million)
Table 55 Automated Guided Vehicles Market Size, By Region, 2013–2020 (USD Million)
Table 56 Hospital Asset/Patient/Staff Tracking Systems Market Size, By Type, 2013–2020 (USD Million)
Table 57 Hospital Asset/Patient/Staff Tracking Systems Market Size, By Region, 2013–2020 (USD Million)
Table 58 Radio-Frequency Identification Market Size, By Region, 2013–2020 (USD Million)
Table 59 Real-Time Locating Systems Market Size, By Region, 2013–2020 (USD Million)
Table 60 Trainers Market Size, By Region, 2013–2020 (USD Million)
Table 61 Global Market Size For Medical Automation: By End User, 2013–2020 (USD Million)
Table 62 Market Size For Medical Automation for Hospitals and Diagnostic Centers, By Region, 2013–2020 (USD Million)
Table 63 Market Size For Medical Automation for Pharmacies, By Region, 2013–2020 (USD Million)
Table 64 Market Size For Medical Automation for Research Labs & Institutes, By Region, 2013–2020 (USD Million)
Table 65 Market Size For Medical Automation for Home/Ambulatory Care Settings & Others, By Region, 2013–2020 (USD Million)
Table 66 Market Size For Medical Automation, By Region, 2013-2020 (USD Million)
Table 67 North America: Market Size For Medical Automation, By Country, 2013-2020 (USD Million)
Table 68 North America: Diagnostic & Monitoring Automation Market Size, 2013-2020 (USD Million)
Table 69 North America: Therapeutic Automation Market Size, By Type, 2013-2020 (USD Million)
Table 70 North America: Lab & Pharmacy Automation Market Size, 2013-2020 (USD Million)
Table 71 North America: Medical Logistics & Training Automation Market Size, 2013-2020 (USD Million)
Table 72 North America: Market Size For Medical Automation, By End User, 2013-2020 (USD Million)
Table 73 Europe: Diagnostic & Monitoring Automation Market Size, 2013-2020 (USD Million)
Table 74 Europe: Therapeutic Automation Market Size, By Type, 2013-2020 (USD Million)
Table 75 Europe: Lab & Pharmacy Automation Market Size, 2013-2020 (USD Million)
Table 76 Europe: Medical Logistics & Training Automation Market Size, 2013-2020 (USD Million)
Table 77 Europe: Market Size For Medical Automation, By End User, 2013-2020 (USD Million)
Table 78 Asia-Pacific: Diagnostic & Monitoring Automation Market Size, 2013-2020 (USD Million)
Table 79 Asia-Pacific: Therapeutic Automation Market Size, By Type, 2013-2020 (USD Million)
Table 80 Asia-Pacific: Lab & Pharmacy Automation Market Size, 2013-2020 (USD Million)
Table 81 Asia-Pacific: Medical Logistics & Training Automation Market Size, 2013-2020 (USD Million)
Table 82 Asia-Pacific: Medical Automation Market Size, By End User, 2013-2020 (USD Million)
Table 83 RoW: Diagnostics & Monitoring Automation Market Size, 2013-2020 (USD Million)
Table 84 RoW: Therapeutic Automation Market Size, By Type, 2013-2020 (USD Million)
Table 85 RoW: Lab & Pharmacy Automation Market Size, 2013-2020 (USD Million)
Table 86 RoW: Medical Logistics & Training Automation Market Size, 2013-2020 (USD Million)
Table 87 RoW: Market Size For Medical Automation, By End User, 2013-2020 (USD Million)
Table 88 Top 5 New Product Launches, Product Enhancements, and Product Approvals, 2013–2015
Table 89 Top 5 Agreements, Acquisitions, Partnerships, and Collaborations, 2013–2015
Table 90 Top 5 Product Showcases and Conferences, 2013–2015
Table 91 Expansions, 2013–2015
Table 92 Other Strategies, 2013–2015


List of Figures (53 Figures)

Figure 1 Research Design
Figure 2 Breakdown of Supply-Side Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market For Medical Automation: Bottom-Up Approach
Figure 4 Market For Medical Automation: Top-Down Approach
Figure 5 Medical Automation Market: Data Triangulation
Figure 6 Global Market Size For Medical Automation, By Application, 2015 vs 2020 (USD Million)
Figure 7 Global Market Share, By Application, 2015 (USD Million)
Figure 8 Global Market Share, By End User, 2015 vs 2020 (USD Million)
Figure 9 Global Market For Medical Automation, By Region, 2015 (USD Million)
Figure 10 Increasing Technological Advancements is Driving Growth in the Market For Medical Automation
Figure 11 North America to Dominate the Diagnostics & Monitoring Automation Market in 2015
Figure 12 Asia-Pacific Region to Offer Lucrative Growth Opportunities for Market Players During the Forecast Period
Figure 13 Lab Automation Segment to Account for the Larger Share of the Global Laboratory and Pharmacy Automation Market in 2015
Figure 14 Hospitals & Diagnostic Centers to Dominate Global Market For Medical Automation, in 2015
Figure 15 Global Market For Medical Automation: Segmentation
Figure 16 Global Market, By Application
Figure 17 Global Market: Drivers, Restraints, Opportunities, & Challenges
Figure 18 Automated Image Analysis Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 19 North America is Expected to Dominate the Diagnostic and Monitoring Automation Market in 2015 (USD Million)
Figure 20 North America is Expected to Dominate the Automated Imaging Market in 2015 (USD Million)
Figure 21 Asia-Pacific is Expected to Grow at the Highest Rate During the Forecast Period
Figure 22 North America is Expected to Dominate the Global Automated Image Analysis Market in 2015 (USD Million)
Figure 23 Therapeutic Automation Market, By Type, 2015 vs 2020 (USD Million)
Figure 24 North America is Expected to Dominate the Therapeutic Automation Market in 2015 (USD Million)
Figure 25 Asia-Pacific is Expected to Grow at the Highest Rate During the Forecast Period
Figure 26 Asia-Pacific is Expected to Grow at the Highest Rate During the Forecast Period
Figure 27 Lab Automation to Form the Largest Market Segment in 2015
Figure 28 Asia-Pacific to Witness Highest Growth in the Global Lab & Pharmacy Automation Market During the Forecast Period
Figure 29 Automated Liquid Handling Systems to Dominate the Lab Automation Market in 2015
Figure 30 North America to Dominate the Global Lab Automation Market in 2015
Figure 31 Automated Medication Dispensing Systems to Dominate the Pharmacy Automation Market in 2015
Figure 32 Pharmacy Automation Market in Asia-Pacific to Witness Highest Growth During the Forecast Period
Figure 33 Logistics Automation Segment to Dominate the Global Medical Logistics & Training Market in 2015 & 2020 (USD Million)
Figure 34 North America to Dominate the Global Logistics Automation Market in the Forecast Period
Figure 35 North America to Dominate the Global Trainers Market Segment in 2015 (USD Million)
Figure 36 Home/Ambulatory Care Settings & Others Segment to Witness Highest Growth During the Forecast Period
Figure 37 North America to Dominate the Medical Automation Market for Hospitals & Diagnostic Centers in 2015
Figure 38 Asia-Pacific to Witness Highest Growth in the Home/Ambulatory Care Settings & Others Segment
Figure 39 North America: Market For Medical Automation: Snapshot
Figure 40 Europe: Market For Medical Automation: Snapshot
Figure 41 Asia-Pacific: Market For Medical Automation: Snapshot
Figure 42 Battle for Medical Automation Market Share: New Product Launches & Enhancements, the Key Strategy
Figure 43 Medical Automation Market: Geographic Revenue Snapshot (2014)
Figure 44 Medical Automation Market: Koninklijke Philips N.V.: Company Snapshot
Figure 45 Medical Automation Market: Siemens AG: Company Snapshot
Figure 46 Medical Automation Market: General Electric Company: Company Snapshot
Figure 47 Medical Automation Market: Medtronic PLC.: Company Snapshot
Figure 48 Medical Automation Market: Tecan Group Ltd.: Company Snapshot
Figure 49 Medical Automation Market: Intuitive Surgical, Inc.: Company Snapshot
Figure 50 Medical Automation Market: Stryker Corporation: Company Snapshot
Figure 51 Medical Automation Market: Accuray Incorporated: Company Snapshot
Figure 52 Medical Automation Market: Danaher Corporation: Company Snapshot
Figure 53 Medical Automation Market: Swisslog Holding AG: Company Snapshot

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 global market for medical automation over the forecast period of 2015 to 2020. The market is expected to reach USD 55.03 Billion by 2020, at CAGR of 9.5% from 2015 to 2020.

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.

The global market for medical automation is estimated to grow at a CAGR of 9.5% from 2015 to 2020. A number of factors such as continuous advancements in various medical automation technologies; increasing government financial support for medical automation; and growing adoption of automation in laboratory, pharmacy, and medical logistics operations are propelling the growth of the global market for medical automation. However, high cost of automation and stringency of regulatory procedures leading to delayed product launches are the key factors restraining the growth of this market.

On the basis of geography, this market is classified into four regions, namely, North America (U.S. and Canada), Europe, Asia-Pacific, and the Rest of the World. In 2015, the global market for medical automation is estimated to be dominated by North America. Large number of ongoing clinical trials in the U.S., high adoption rate of technologically advanced medical devices in this region, and developed healthcare reimbursement structure are contributing to the large share of the North American medical automation market. The Asia-Pacific market is expected to grow at the highest CAGR from 2015 to 2020. Factors such as growing government expenditure on healthcare research, rising number of clinical research activities owing to increasing R&D outsourcing to developing Asian countries, increasing old age population and associated diseases, availability of a large patient pool, and developing healthcare infrastructure are propelling the growth of the Asia-Pacific market for medical automation.

New product launches, product approvals, and product enhancements is the primary growth strategy adopted by major players to enhance their positions in the global market for medical automation. Moreover, strategies such as partnerships, agreements, and collaborations; geographic expansions; and acquisitions were also adopted by a significant number of market players to strengthen their product portfolios and expand their geographic presence in the market.

Koninklijke Philips N.V. (Netherlands), Siemens AG (Germany), General Electric Company (U.S.), Intuitive Surgical, Inc. (U.S.), Medtronic plc (U.S.), Tecan Group Ltd. (Switzerland), Stryker Corporation (U.S.), Accuray Incorporated (U.S.), Danaher Corporation (U.S.), and Swisslog Holding AG (Switzerland) are some of the key players operating in the global market for medical automation.

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