The global medical automation market is analyzed in a recent market intelligence report by Transparency Market Research. The report, titled ” Medical Automation Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024,” offers a comprehensive evaluation of the present state of the market and its key elements.
A thorough overview of the factors that are expected to have a sizable impact on the market’s future development is also included in the report. As such, the key drivers, challenges, trends, and the regulatory impositions governing several decisions in the market are examined.
The key drivers of the market include factors such as the rising population of geriatrics and the shrinking pool of resources in the healthcare industry. The mounting rise in global population and the scarcity of well-trained personnel has compelled the healthcare industry to focus on automation to get repetitive and redundant tasks done in a resource- as well as time-efficient manner.
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An increasing number of companies in the medical field are investing more funds into automation systems and solutions owing to the benefits of automation such as transparent processes, lower rate of errors in operations, multi-level cost savings, and faster operations. Another factor that lays the foundation for healthy growth of the market is the rising demand for point-of-care testing devices.
The market is, however, expected to face several obstacles owing to the lack of standard operational protocols and a heterogeneous regulatory scenario. Moreover, the high initial costs involved in switching from manual tasks to automated procedural environment may refrain many organizations from adopting automation solutions and systems, especially across developing regions.
The market for medical automation can be segmented on the basis of end user, application, and geography. The key end users of medical automation include research labs, home care centers, pharmacies, and hospitals and diagnostic centers. The key application areas of medical automation include therapeutic automation, pharmacy automation, and lab automation.
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The market for medical automation has been examined for regions such as North America, Asia Pacific, and Europe. Of these, the market for medical automation in North America is currently the dominant. The market is also well-established in developed European countries. Asia Pacific presently lags behind these regions when it comes to medical automation. However, the region is gathering momentum and is expected to emerge as one of the most promising destinations for the medical automation market in the next few years.
Some of the key vendors presently in the global medical automation market are Roche Holding AG, Carefusion Corp, GE Healthcare, Medtronic, Inc., Omnicell, Inc, Siemens Healthcare, Philips Healthcare, Intuitive Surgical Inc., St. Jude Medical, Inc., and Stryker Corporation.
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