Medical Automation Market | Technological Advancements to Boost the Adoption of Automation Technology | at CAGR of 9.5%

Pune, India, 2020-Apr-02 — /EPR Network/ —

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

The Global Medical Automation Market is expected to reach USD 55.03 Billion, at CAGR of 9.5%.

Major Drivers Anticipated Growth:

• Growing Need for Reproducibility and Accuracy to Fuel the Global Medical Automation Market
• Rising Labor Costs Driving A Need for Pharmacy Automation
• Technological Advancements to Boost the Adoption of Automation Technology
• Rising Government Support for Medical Automation
• Investments By Venture Capitalists and Collaborations to Promote Automated Medical Devices

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Market Segmentation Detailed Analysis:

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).

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). The non-surgical automation segment held a larger share of 72.9% of the global therapeutic automation market.

Geographical Analysis:

The medical automation 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 medical automation market is estimated to be dominated by North America. The large number of ongoing clinical trials in the U.S., the 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.

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