MRFR is Leading Brand in Research Sector who recently published “Medical Automation Market Research Report” which includes Growth Study, Regional Analysis, Top Industry Players Formation, Major Drivers, Upcoming Trends and Forecast to 2023.
Global Medical Automation Market – Scenario
The Global Medical Automation Market is expected to grow at a CAGR of 7.0% during the forecast period. In recent years, various technological advancements led to the automation of the medical sector which enabled the controlled use of medical systems and related technologies.
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This reduced the need for human work in the production of goods and services. Increasing prevalence of the chronic diseases like cancer, diabetes, and others along with the growing pharmaceutical & biotechnology sector are the major drivers for the market growth during the forecast period.
In 2015, according to the World Health Organization, cancer was the second leading cause of global deaths, killing as many as 8.8 million people.
Medical Automation Market – Leading Key Players
Koninklijke Philips N.V
Medical Automation Market – Segmentation
The Global Medical Automation Market Is Segmented On The Basis Of Type, And End Users.
On the basis of type, the market is segmented into diagnostic & monitoring automation, therapeutic automation, lab & pharmacy automation, medical logistics & training, and others.
On the basis of end users, the market is segmented into hospitals and diagnostic centers, pharmacies, research labs & institutes, research labs & institutes, and others.
Medical Automation Market – Growth and Analysis
Moreover, it was estimated that about 70% of the reported deaths were accounted by the middle and low middle-income countries. Moreover, according to the Biotechnology and Biological Sciences Research Council in 2015, the U.K biotechnology businesses spent approximately USD 2.6 billion on equipment, materials, and services.
Additionally, rising demands for robotic surgery and rising healthcare expenditure is boosting the market growth. In 2014, according to the Health Research Funding, in 2012 approximately 400,000 robotic surgeries were performed across all types of surgeries in the U.S.
In 2017, according to a case study published in the Journal of Public Health Research, the unified automated laboratory in Brescia called Core-Lab’s equipment cost increased approximately from USD 17.7 million to USD 24.2 million due to lab automation.
Moreover, it was estimated that the physicians need a rigorous training for the surgical application of the medical robots. Approximately, USD 3,000 is the training cost per physician.
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Global Medical Automation Market – Regional Analysis
The Americas dominate the global medical automation market owing to an increasing prevalence of the diseases like cancer, diabetes, and others. Moreover, growing biotechnology and biopharmaceutical sector within the region is fueling the market during the forecast period.
In 2016 according to the National Cancer Institute, approximately 1,685,210 new cases of cancer were diagnosed in the United States and approximately 595,690 deaths were reported due to the same, Europe is the second largest market for the global medical automation.
In Asia Pacific region growing biotech and biopharmaceutical factor, increasing patient population and rising healthcare expenditures along with the increasing demands for the robotic surgery is driving the market growth.
Moreover, favorable government policies are boosting the market growth within the region. The Middle East & Africa & Africa holds the least market share.
Some Points from TOC of Global Medical Automation Market Research Report – Forecast till 2023
1 Report Prologue$ 1,350.00
2 Market Introduction$ 0.00
2.2 Scope of Study
2.3 Research Objective
2.4 Assumptions & Limitations
3 Research Methodology$ 0.00
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
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