The Global Medical Automation Market is expected to grow at a CAGR of 7.0% during the forecast period 2017-2023.
In current years, diverse technological advancements caused the automation of the clinical area which enabled the controlled use of scientific structures and associated technology. This reduced the want for human work within the manufacturing of products and offerings. Growing occurrence of the persistent sicknesses like most cancers, diabetes, and others along with the developing pharmaceutical & biotechnology region are the foremost drivers for the marketplace increase at some stage in the forecast period. In 2015, in step with the world health company, most cancers become the second one leading purpose of world deaths, killing as many as 8.eight million people. Furthermore, it was expected that about 70% of the reported deaths were accounted by way of the middle and occasional middle-earnings international locations.
Furthermore, consistent with the biotechnology and organic sciences studies council in 2015, the U.K biotechnology groups spent about USD 2.6 billion on system, substances, and services. Additionally, rising demands for robot surgical treatment and rising healthcare expenditure is boosting the market increase. in 2014, consistent with the health research investment, in 2012 about four hundred,000 robot surgeries were carried out across all kinds of surgeries inside the U.S. furthermore, it is suggested that blood transfusion fees during robot surgical procedures are minimal in comparison to the open surgical procedure blood transfusion costs that may be up to forty%. however, the excessive value of automation, dangers related to the robotic surgical operation in conjunction with the need of medical doctor education are the foremost restraining component for the market boom all through the forecast duration.
Get a Sample Copy of This Report @ https://www.marketresearchfuture.com/sample_request/5184 .
Major players:
The dominant players in the global medical automation market are Stryker, Koninklijke Philips N.V., General Electric, Siemens AG, Medtronic, Danaher, Accuray Incorporated, and others.
Market Dynamics:
Drivers
Technological advancements such as advancements in sensor technologies, growing healthcare infrastructure especially the development of multispecialty hospitals, robotics, analytics and machine learning, growing adoption of smart devices, growing interconnectivity between devices, development of protocols for connected network systems, and growing processing power are driving the market for global medical automation. Moreover advancements in diagnostics and research and development such as the evolution of next generation sequencing, and digitalization are driving the market.
Attractive economics of automation such as cost savings, fast rate of operations and reduced labor needs are driving the market. The explosive demand for high tech and automated devices is reflected by the fact that the U.K biotechnology businesses alone expensed USD 2.6 billion on equipment in 2015, according to the Biotechnology and Biological Sciences Research Council. Thus a large market is easily comprehendible. Growing demand for robotic surgeries have also fueled the market. The Health Research Funding estimates that 400,000 robotic surgeries were performed in the U.S. in 2014.
Get Attractive Discount on This Report @ https://www.marketresearchfuture.com/check-discount/5184 .
Restraints
High cost of automation, high learning curve, scarcity of trained manpower are the major restraining factors. The high cost of installation is reflected by the 2017, case study published in Journal of Public Health Research, which states that lab automation accounted for rise in equipment cost from USD 17.7 million to USD 24.2 million of unified automated laboratory in Brescia. The study further states that physicians training per physician accounted for USD 3,000. These costs are inflated by the high maintenance needed for the systems.
Regional Analysis:
The Americas led by the U.S. dominate the global medical automation market owing to highly advanced healthcare infrastructure, presence of major players, and rapid uptake of advanced technology, consolidation of large healthcare players and large buying power of the players. Explosive growth of biotechnology and pharmaceutical sector is charging the market.
Europe possess the second largest global medical automation owing to presence of developed medical devices sector of Germany, and large healthcare expenditure. The explosive growth in robotic surgeries is reflected by the estimates of U.K HealthCare which state that 970 robotic surgical procedures were performed within the region from 2012-2015
Asia Pacific region is expected to be the fastest growing owing to rise in number of biotech and biopharmaceutical firms, increasing patient population and rising healthcare infrastructure. The growing healthcare expenditure of Asia Pacific is reflected by the Australian Institute of Health and Welfare, which states that the Australia healthcare expenditure reached 103 billion in 2014-2015 from just USD 62 billion during 2004-05.
Inquire about This Report @ https://www.marketresearchfuture.com/enquiry/5184 .
The Middle East & Africa region accounts for the least share of the global medical automation market owing to the low per capita income especially in Africa region.
…Continued
About US:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
Your information will never be shared with any third party.