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New Revenue Pockets for the Medical Automation Market
Across the globe, the adoption of automated medical devices is increasing, due to factors such as the increasing labor cost and advancements in technology. A number of automated medical devices are available in the market. Moreover, market players are engaged in developing new automated devices with advanced features, which will help the market to grow further.
The surgical automation market showcases a lucrative growth potential; this market includes surgical robots, intelligent operating rooms, surgical navigation, intraoperative imaging, and surgical simulation. Among these segments, surgical robots, intelligent operating rooms, and surgical simulators represent the new revenue pockets. Taking into consideration the growing demand for surgical automation, various venture capitalists are investing in this market. For instance, in August 2012, Mazor Robotics received $7.5 million from Oracle Investment Management, for enhancing its robotics offerings. Furthermore, the surgical navigation systems market is witnessing a number of technological advancements, due to which, various new products are being launched in the market. For instance, in October 2011, Brainlab launched the Curve image guided surgical navigation system. This system enables ultra-fast image updating, which increases the efficiency of intra-operative procedures. All these factors have presented an array of opportunities for the surgical automation market to flourish in the coming years.
Growth in the medical automation market is likely to be centered at Taiwan, China, Japan, Singapore, and India. Major medical automation players are investing in Asia for strengthening their sales and distribution networks in small Asian cities. Moreover, various researches are being carried out in the Asian region, to develop innovative products. For instance, in June 2013, the National Taiwan University of Science and Technology developed a highly automated internet-based real time super high resolution image visualization system, which allows the transfer of large medical images to mobile phones. Furthermore, new foreign entrants are collaborating with local research institutes, to develop and commercialize their products in the Asian market. For instance, A*STAR Institute of Microelectronics (IME) Singapore and nanoX Imaging Ltd. (U.S.) collaborated to develop a highly sensitive X-ray imaging detector. These investments and introduction of innovative products in the Asian market are likely to propel the growth of this market in the coming years.
Medical Automation Market [Radiography, Capsule Endoscopy, da Vinci, POC, Intraoperative Ultrasound, Defibrillator, Infusion Pump, Automated Medication Dispensing, Microplate Reader, Pneumatic Tube Systems, RFID, RTLS] – Global Forecasts to 2018
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